Microvast Holdings, Inc. (MVST)
NASDAQ: MVST · Real-Time Price · USD
0.8577
-0.0483 (-5.33%)
Aug 10, 2026, 2:34 PM EDT - Market open

Microvast Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
371.64427.52379.8306.62204.5151.98
Revenue Growth
-10.44%12.56%23.87%49.94%34.56%41.35%
Gross Profit
98.25122.11119.5557.239.07-42.74
Operating Income
-19.886.98-116.09-106.73-159.95-194.06
Net Income
-42.8-29.22-195.46-106.49-158.2-234.1
Earnings Per Share
-0.12-0.09-0.61-0.34-0.52-1.26
EPS Growth
------

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
China
109.7138.95127.14156.48132.4793.33
Other Asia & Pacific
-0.912.751.792.055.248.17
Italy
87.6792.94150.8156.596.393.14
France
71.5178.1912.767.82--
Other Europe
35.9540.8124.1519.959.425.02
U.S.
33.1539.3114.393.133.650.92
India
-34.5748.7760.6147.3217.81
Total
371.64427.52379.8306.62204.5151.98

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
126.13169.24109.5887.65327.22536.11
Total Debt
323.17381.7325.85202.77173.07147.4
Net Cash (Debt)
-197.04-212.46-216.27-115.12154.15388.71
Net Cash Growth
-----60.34%-
Net Cash Per Share
-0.58-0.65-0.68-0.370.512.09

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
45.9475.912.81-75.3-53.93-45.04
Capital Expenditures
-20.34-19.83-27.72-186.79-150.88-87.86
Free Cash Flow
25.656.07-24.91-262.09-204.81-132.9
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
26.44%28.56%31.48%18.66%4.44%-28.12%
Operating Margin
-5.35%1.63%-30.57%-34.81%-78.22%-127.69%
Pretax Margin
-28.68%-8.08%-51.46%-34.70%-77.35%-135.87%
Profit Margin
-11.52%-6.83%-51.46%-34.71%-77.36%-135.87%
FCF Margin
6.89%13.12%-6.56%-85.48%-100.15%-87.45%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
9.4516.4734.5012.88--
P/FCF Ratio
11.2516.57----
PS Ratio
0.772.171.761.442.3011.13