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Microvast Holdings, Inc. (MVST)
NASDAQ: MVST · Real-Time Price · USD
0.6902
-0.0278 (-3.87%)
At close: Sep 1, 2026, 4:00 PM EDT
0.6973
+0.0071 (1.03%)
After-hours: Sep 1, 2026, 5:49 PM EDT

Microvast Holdings Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
367.56427.52379.8306.62204.5151.98
Revenue Growth
-13.03%12.56%23.87%49.94%34.56%41.35%
Gross Profit
124.81154.62119.5557.239.07-42.74
Operating Income
7.640.49-25.58-108.18-159.82-200.19
Net Income
51.27-29.22-195.46-106.34-158.2-234.1
Earnings Per Share
-0.02-0.09-0.61-0.34-0.52-1.26
EPS Growth
------

Revenue by Geography
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
China
108.19138.95127.14156.48132.4793.33
Other Asia & Pacific
-10.452.751.792.055.248.17
Italy
111.3992.94150.8156.596.393.14
France
73.9978.1912.767.82--
Other Europe
23.2640.8124.1519.959.425.02
U.S.
26.6239.3114.393.133.650.92
India
-34.5748.7760.6147.3217.81
Total
367.56427.52379.8306.62204.5151.98

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
127.83105.9573.9851.13257.42481.96
Total Debt
193.04384.49328.89205.18175.01147.4
Net Cash (Debt)
-65.21-278.54-254.91-154.0682.41334.56
Net Cash Growth
-----75.37%-
Net Cash Per Share
-0.18-0.86-0.80-0.500.271.80

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1.7275.912.81-75.3-53.93-45.04
Capital Expenditures
-28.8-19.83-27.72-186.79-150.88-87.86
Free Cash Flow
-30.5256.07-24.91-262.09-204.81-132.9
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
33.96%36.17%31.48%18.66%4.44%-28.13%
Operating Margin
2.07%9.47%-6.73%-35.28%-78.15%-131.72%
Pretax Margin
12.44%-8.08%-51.46%-34.70%-77.35%-135.87%
Profit Margin
13.95%-6.83%-51.46%-34.68%-77.36%-154.04%
FCF Margin
-8.30%13.12%-6.56%-85.48%-100.15%-87.45%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
6.2716.4734.5012.88--
P/FCF Ratio
-16.30----
PS Ratio
0.722.141.761.442.3011.13