Microvast Holdings Balance Sheet

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
Cash & Equivalents	90.75	73.01	44.54	231.42	480.93	21.5
Short-Term Investments	-	0.97	6.58	26	1.03	0.75
Cash & Short-Term Investments	90.75	73.98	51.13	257.42	481.96	22.24
Cash Growth	42.72%	44.70%	-80.14%	-46.59%	2066.89%	-24.53%
Accounts Receivable	149.27	120.63	138.72	119.3	88.72	76.3
Other Receivables	-	17.8	15.03	2.72	4.31	2.95
Receivables	150.77	146.01	177.48	124.22	104.26	100.09
Inventory	126.94	143.33	149.75	84.25	53.42	44.97
Prepaid Expenses	24.93	1.43	3.97	3.37	4.69	0.21
Restricted Cash	51.88	36.57	37.48	70.73	55.18	19.7
Other Current Assets	-	26.71	5.8	5.08	7.1	2.12
Total Current Assets	445.27	428.03	425.61	545.07	706.61	189.32
Property, Plant & Equipment	542.13	495.82	640.17	351.51	253.06	198.02
Other Intangible Assets	13.72	13.98	15.12	14.28	15.89	16.28
Other Long-Term Assets	12.49	14.05	15.83	74.11	19.74	0.89
Total Assets	1,014	951.87	1,097	984.96	995.29	404.51
Accounts Payable	59.8	64.94	112.62	44.99	40.41	42.01
Accrued Expenses	24.17	25.66	21.47	13.95	8.68	7.25
Short-Term Debt	299.98	95.05	98.77	85.84	74.25	77.88
Current Portion of Long-Term Debt	35.09	27.37	-	-	-	-
Current Portion of Leases	2.85	3.04	2.41	1.93	-	-
Current Income Taxes Payable	0.66	0.65	0.66	0.66	0.67	0.66
Current Unearned Revenue	5.68	43.68	43.09	54.21	1.53	2.45
Other Current Liabilities	101.75	69.76	124.4	50.84	50.06	53.38
Total Current Liabilities	529.96	330.15	403.41	252.41	175.59	183.63
Long-Term Debt	76.09	188.83	86.92	72.89	73.15	73.15
Long-Term Leases	15.08	14.6	17.09	14.35	-	-
Long-Term Unearned Revenue	5.56	5.61	3.38	3.07	2.29	1.22
Other Long-Term Liabilities	28.81	24.78	21.75	29.27	57.57	109.38
Total Liabilities	655.5	563.97	532.54	371.98	308.59	367.37
Common Stock	0.03	0.03	0.03	0.03	0.03	0.01
Additional Paid-In Capital	1,515	1,513	1,481	1,416	1,306	-
Retained Earnings	-1,133	-1,087	-891.47	-785.13	-626.07	-391.96
Comprehensive Income & Other	-24.52	-38.19	-25.61	-18.08	6.7	7.36
Total Common Equity	358.11	387.9	564.19	612.98	686.7	-384.6
Minority Interest	-	-	-	-	-	90.82
Shareholders' Equity	358.11	387.9	564.19	612.98	686.7	37.14
Total Liabilities & Equity	1,014	951.87	1,097	984.96	995.29	404.51
Total Debt	429.08	328.89	205.18	175.01	147.4	151.03
Net Cash (Debt)	-338.33	-254.91	-154.06	82.41	334.56	-128.79
Net Cash Growth	-	-	-	-75.37%	-	-
Net Cash Per Share	-1.05	-0.80	-0.50	0.27	1.80	-1.30
Filing Date Shares Outstanding	326.5	323.52	315.52	307.72	298.84	300.52
Total Common Shares Outstanding	322.08	321.46	315.01	307.63	298.84	0.62
Working Capital	-84.7	97.87	22.2	292.66	531.01	5.7
Book Value Per Share	1.11	1.21	1.79	1.99	2.30	-622.45
Tangible Book Value	344.39	373.92	549.07	598.7	670.81	-400.88
Tangible Book Value Per Share	1.07	1.16	1.74	1.95	2.24	-648.80
Buildings	-	139.82	144.5	44.68	41.92	39.99
Machinery	-	243.26	229.76	167.2	172.87	141.05
Construction In Progress	-	196.11	321.91	195.54	96.97	57.4
Leasehold Improvements	-	32.74	32.81	28.63	30.04	26.63
Order Backlog	-	401.3	-	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q