Microvast Holdings, Inc. (MVST)

Microvast Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-151.2	-195.46	-106.41	-158.2	-206.48	-33.63
Depreciation & Amortization	32.36	30.83	22.93	20.37	20.71	16.79
Stock-Based Compensation	2.83	30.84	64.97	90.81	82.89	-
Other Adjustments	229.67	189.36	21.69	23.55	81.8	5.35
Change in Receivables	-53.27	15.28	-47.1	-35.74	-1.83	10.34
Changes in Inventories	20.98	-0.55	-74.41	-43.69	-25.89	13.61
Changes in Accounts Payable	-4.45	-44.52	68.58	7.15	-2.5	3.82
Changes in Accrued Expenses	36.9	-16.49	6.6	-24.67	-5.95	2.26
Changes in Income Taxes Payable	-	-	-	-	-	0.01
Changes in Other Operating Activities	-40.5	-6.49	-32.16	66.51	12.21	-3
Operating Cash Flow	65.59	2.81	-75.3	-53.93	-45.04	15.56
Operating Cash Flow Growth	-	-	-	-	-	16.34%
Capital Expenditures	-19.55	-27.72	-186.79	-150.88	-87.86	-18.65
Sale of Property, Plant & Equipment	3.91	10.01	1.65	0.01	-	0.01
Purchases of Investments	-	-	-5.97	-25.07	-	-4.64
Proceeds from Sale of Investments	-	5.56	25.5	-	-	5.59
Investing Cash Flow	-15.64	-12.15	-165.61	-175.95	-87.86	-17.67
Long-Term Debt Issued	101.19	126.52	47.85	58.71	104.85	36.2
Long-Term Debt Repaid	-116.57	-80.37	-25.17	-29.26	-45.99	-36.7
Net Long-Term Debt Issued (Repaid)	-15.38	46.15	22.68	29.45	58.86	-0.51
Issuance of Common Stock	-	-	-	-	705.13	-
Net Common Stock Issued (Repurchased)	-	-	-	-	705.13	-
Other Financing Activities	-18.02	-22.68	-	-	-139.04	-
Financing Cash Flow	-5.73	37.59	33.04	4.97	624.95	-0.51
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.7	-6.84	-6.56	-8.59	2.87	2.04
Net Cash Flow	40.52	21.41	-214.43	-233.49	494.91	-0.59
Free Cash Flow	46.04	-24.91	-262.09	-204.81	-132.9	-3.09
FCF Margin	10.36%	-6.56%	-85.48%	-100.15%	-87.45%	-2.87%
Free Cash Flow Per Share	0.14	-0.08	-0.84	-0.68	-0.71	-0.03
Levered Free Cash Flow	-140.15	-214.24	-279.06	-253.98	-264.53	-66.63
Unlevered Free Cash Flow	49.85	-181.02	-301.99	-285.2	-283.34	-14.27

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q