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
0.6970
+0.0068 (0.99%)
After-hours: Sep 1, 2026, 6:52 PM EDT
Microvast Holdings Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Equivalents | 127.83 | 104.96 | 73.01 | 44.54 | 231.42 | 480.93 |
Short-Term Investments | - | 0.99 | 0.97 | 6.58 | 26 | 1.03 |
Cash & Short-Term Investments | 127.83 | 105.95 | 73.98 | 51.13 | 257.42 | 481.96 |
Cash Growth | 28.19% | 43.22% | 44.70% | -80.14% | -46.59% | 2066.89% |
Accounts Receivable | 121.18 | 155.76 | 120.63 | 138.72 | 119.3 | 88.72 |
Other Receivables | - | 8.61 | 17.8 | 15.03 | 2.72 | 4.31 |
Receivables | 122.52 | 169.96 | 146.01 | 177.48 | 124.22 | 104.26 |
Inventory | 93.59 | 89.41 | 143.33 | 149.75 | 84.25 | 53.42 |
Prepaid Expenses | 15.73 | 4.33 | 1.43 | 3.97 | 3.37 | 4.69 |
Restricted Cash | 15.26 | 64.28 | 36.57 | 37.48 | 70.73 | 55.18 |
Other Current Assets | - | 14.8 | 26.71 | 5.8 | 5.08 | 7.1 |
Total Current Assets | 374.92 | 448.72 | 428.03 | 425.61 | 545.07 | 706.61 |
Property, Plant & Equipment | 543.45 | 525.39 | 495.82 | 640.17 | 351.51 | 253.06 |
Other Intangible Assets | 13.75 | 13.75 | 13.98 | 15.12 | 14.28 | 15.89 |
Long-Term Deferred Tax Assets | 5.43 | 5.43 | - | - | - | - |
Other Long-Term Assets | 14.65 | 12.15 | 14.05 | 15.83 | 74.11 | 19.74 |
Total Assets | 952.19 | 1,005 | 951.87 | 1,097 | 984.96 | 995.29 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accounts Payable | 62.64 | 47 | 64.94 | 112.62 | 44.99 | 40.41 |
Accrued Expenses | 22.6 | 34.2 | 25.66 | 21.47 | 13.95 | 8.68 |
Short-Term Debt | 119.43 | 171.37 | 122.42 | 98.77 | 85.84 | 74.25 |
Current Portion of Long-Term Debt | 41.69 | 140.93 | - | - | - | - |
Current Portion of Leases | 3.49 | 2.79 | 3.04 | 2.41 | 1.93 | - |
Current Income Taxes Payable | 8.4 | 0.1 | 0.65 | 0.66 | 0.66 | 0.67 |
Current Unearned Revenue | 25.86 | 41.47 | 43.68 | 43.09 | 54.21 | 1.53 |
Other Current Liabilities | 59.65 | 50.48 | 69.76 | 124.4 | 50.84 | 50.06 |
Total Current Liabilities | 343.75 | 488.34 | 330.15 | 403.41 | 252.41 | 175.59 |
Long-Term Debt | 14.44 | 54.92 | 188.83 | 86.92 | 72.89 | 73.15 |
Long-Term Leases | 14 | 14.48 | 14.6 | 17.09 | 14.35 | - |
Long-Term Unearned Revenue | 5.8 | 6.19 | 5.61 | 3.38 | 3.07 | 2.29 |
Other Long-Term Liabilities | 31.12 | 31.01 | 24.78 | 21.75 | 29.27 | 57.57 |
Total Liabilities | 409.1 | 594.94 | 563.97 | 532.54 | 371.98 | 308.59 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
Additional Paid-In Capital | 1,627 | 1,544 | 1,513 | 1,481 | 1,416 | 1,306 |
Retained Earnings | -1,080 | -1,116 | -1,087 | -891.47 | -785.13 | -626.07 |
Comprehensive Income & Other | -4.22 | -17.17 | -38.19 | -25.61 | -18.08 | 6.7 |
Total Common Equity | 543.09 | 410.51 | 387.9 | 564.19 | 612.98 | 686.7 |
Shareholders' Equity | 543.09 | 410.51 | 387.9 | 564.19 | 612.98 | 686.7 |
Total Liabilities & Equity | 952.19 | 1,005 | 951.87 | 1,097 | 984.96 | 995.29 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Total Debt | 193.04 | 384.49 | 328.89 | 205.18 | 175.01 | 147.4 |
Net Cash (Debt) | -65.21 | -278.54 | -254.91 | -154.06 | 82.41 | 334.56 |
Net Cash Growth | - | - | - | - | -75.37% | - |
Net Cash Per Share | -0.18 | -0.86 | -0.80 | -0.50 | 0.27 | 1.80 |
Filing Date Shares Outstanding | 384.53 | 330.35 | 323.52 | 315.52 | 307.72 | 298.84 |
Total Common Shares Outstanding | 384.53 | 331.79 | 321.46 | 315.01 | 307.63 | 298.84 |
Working Capital | 31.18 | -39.62 | 97.87 | 22.2 | 292.66 | 531.01 |
Book Value Per Share | 1.41 | 1.24 | 1.21 | 1.79 | 1.99 | 2.30 |
Tangible Book Value | 529.35 | 396.76 | 373.92 | 549.07 | 598.7 | 670.81 |
Tangible Book Value Per Share | 1.38 | 1.20 | 1.16 | 1.74 | 1.95 | 2.24 |
Buildings | - | 145.92 | 139.82 | 144.5 | 44.68 | 41.92 |
Machinery | - | 258.12 | 243.26 | 229.76 | 167.2 | 172.87 |
Construction In Progress | - | 240.35 | 196.11 | 321.91 | 195.54 | 96.97 |
Leasehold Improvements | - | 35.21 | 32.74 | 32.81 | 28.63 | 30.04 |
Order Backlog | - | 196.1 | - | - | - | - |