Microvast Holdings, Inc. (MVST)

Microvast Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	126.13	169.24	109.58	82.02	302.15	536.11
Short-Term Investments	-	-	-	5.63	25.07	-
Cash & Short-Term Investments	126.13	169.24	109.58	87.65	327.22	536.11
Cash Growth	2.55%	54.44%	25.02%	-73.21%	-38.96%	1201.36%
Accounts Receivable	123.59	155.76	120.63	138.72	119.3	88.72
Other Receivables	5.51	5.59	7.58	23.74	2.2	11.23
Total Trade Receivables	129.1	161.35	128.21	162.45	121.5	99.95
Inventory	95.04	89.41	143.33	149.75	84.25	53.42
Other Current Assets	27.69	28.72	46.92	25.75	12.09	17.13
Total Current Assets	425.82	448.72	428.03	425.61	545.07	706.61
Net Property, Plant & Equipment	538.47	536.96	507.19	652.16	364.15	267.07
Other Intangible Assets	2.08	2.18	2.61	3.14	1.64	1.88
Other Long-Term Assets	68.99	17.58	14.05	15.83	74.11	19.74
Total Assets	987.5	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	46.37	47	64.94	112.62	44.99	40.41
Accrued Expenses	109.47	123.41	99.11	148.94	67.38	59.41
Short-Term Debt	205.11	312.3	122.42	98.77	85.84	74.25
Unearned Revenue	6.66	5.61	43.68	43.09	54.21	1.53
Other Current Liabilities	0.02	0.02	0.01	-	-	-
Total Current Liabilities	444.09	488.34	330.15	403.41	252.41	175.59
Long-Term Debt	104.07	54.92	188.83	86.92	72.89	73.15
Long-Term Leases	13.98	14.48	14.6	17.09	14.35	-
Other Long-Term Liabilities	35.7	37.2	30.39	25.13	32.34	59.85
Total Long-Term Liabilities	153.76	106.59	233.82	129.13	119.57	133
Total Liabilities	521.39	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.03	0.03	0.03	0.03	0	0.03
Additional Paid-in Capital	1,545	1,544	1,513	1,481	1,416	1,306
Accumulated Other Comprehensive Income	-10.8	-17.17	-38.19	-25.61	-18.08	6.7
Retained Earnings	-1,068	-1,116	-1,087	-891.47	-785.13	-626.07
Total Common Shareholders' Equity	466.11	410.51	387.9	564.19	612.95	686.7
Shareholders' Equity	466.11	410.51	387.9	564.19	612.95	686.7
Total Liabilities & Equity	987.5	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	323.17	381.7	325.85	202.77	173.07	147.4
Net Cash (Debt)	-197.04	-212.46	-216.27	-115.12	154.15	388.71
Net Cash Growth	-	-	-	-	-60.34%	-
Net Cash Per Share	-0.57	-0.65	-0.68	-0.37	0.51	2.09
Book Value	466.11	410.51	387.9	564.19	612.95	686.7
Book Value Per Share	1.36	1.26	1.22	1.81	2.02	3.69
Tangible Book Value	464.03	408.33	385.29	561.05	611.31	684.82
Tangible Book Value Per Share	1.35	1.26	1.21	1.80	2.02	3.68

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 11, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 10, 2026

Data Sources Report a data error