Microvast Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	444.5	379.8	306.62	204.5	151.98	107.52
Revenue Growth (YoY)	19.82%	23.87%	49.94%	34.56%	41.35%	40.67%
Cost of Revenue	281.83	260.25	249.39	195.42	194.72	90.38
Gross Profit	162.67	119.55	57.23	9.07	-42.74	17.14
Selling, General & Admin	79.68	104.06	120.4	125.39	123.06	32.61
Research & Development	32.5	41.07	45	43.51	34.39	16.64
Other Operating Expenses	26.89	90.52	-1.45	0.13	-6.13	-3
Total Operating Expenses	139.06	235.64	163.96	169.02	151.32	46.25
Operating Income	23.61	-116.09	-106.73	-159.95	-194.06	-29.11
Interest Income	0.8	0.74	3.61	3.18	0.45	0.57
Interest Expense	-5.29	-9.71	-2.63	-3.32	-5.41	-5.74
Other Non-Operating Income (Expense)	-169.74	-70.4	-0.65	1.92	-7.45	0.65
Total Non-Operating Income (Expense)	-174.22	-79.37	0.33	1.78	-12.42	-4.52
Pretax Income	-150.62	-195.46	-106.4	-158.17	-206.48	-33.62
Provision for Income Taxes	0.96	-	0.01	0.03	-	0
Net Income	-151.2	-195.46	-106.49	-158.2	-234.1	-80.96
Minority Interest in Earnings	-	-	0.08	-	-	-
Net Income Attributable to Preferred Dividends	-	-	-	-	27.62	47.34
Net Income to Common	-151.2	-195.46	-106.49	-158.2	-234.1	-80.96
Shares Outstanding (Basic)	323	318	311	303	186	99
Shares Outstanding (Diluted)	336	318	311	303	186	99
Shares Change (YoY)	2.38%	2.43%	2.52%	63.14%	87.72%	-
EPS (Basic)	-0.40	-0.61	-0.34	-0.52	-1.26	-0.82
EPS (Diluted)	-0.40	-0.61	-0.34	-0.52	-1.26	-0.82
Free Cash Flow	46.04	-24.91	-262.09	-204.81	-132.9	-3.09
Free Cash Flow Per Share	0.14	-0.08	-0.84	-0.68	-0.71	-0.03
Gross Margin	36.60%	31.48%	18.66%	4.44%	-28.12%	15.94%
Operating Margin	5.31%	-30.57%	-34.81%	-78.22%	-127.69%	-27.07%
Profit Margin	-34.01%	-51.46%	-34.71%	-77.36%	-135.87%	-31.27%
FCF Margin	10.36%	-6.56%	-85.48%	-100.15%	-87.45%	-2.87%
EBITDA	55.97	-85.26	-83.8	-139.58	-173.35	-12.32
EBITDA Margin	12.59%	-22.45%	-27.33%	-68.26%	-114.06%	-11.45%
EBIT	23.61	-116.09	-106.73	-159.95	-194.06	-29.11
EBIT Margin	5.31%	-30.57%	-34.81%	-78.22%	-127.69%	-27.07%
Effective Tax Rate	-2.14%	0.00%	-0.01%	-0.02%	0.00%	-0.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q