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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
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 |
Net Income | 51.27 | -29.22 | -195.46 | -106.34 | -158.2 | -206.48 |
Depreciation & Amortization | 33.2 | 33.13 | 30.83 | 22.93 | 20.37 | 20.71 |
Loss (Gain) From Sale of Assets | 0.41 | 0.41 | 0.84 | 1.95 | -0.01 | 0.01 |
Asset Writedown & Restructuring Costs | 2.8 | 4.14 | 93.17 | 0.5 | 1.8 | 2.44 |
Stock-Based Compensation | 3.37 | 3.07 | 30.84 | 64.97 | 90.81 | 82.89 |
Provision & Write-off of Bad Debts | 4.93 | 7.99 | 3.74 | 0.24 | 1.64 | 0.72 |
Other Operating Activities | -51.15 | 85.91 | 91.6 | 18.93 | 20.12 | 78.62 |
Change in Accounts Receivable | 10.38 | -27.26 | 8.79 | -21.76 | -38.92 | -11.84 |
Change in Inventory | 15.43 | 27.09 | -0.55 | -74.41 | -43.69 | -25.89 |
Change in Accounts Payable | -12.25 | -20.19 | -44.52 | 68.58 | 7.15 | -2.5 |
Change in Unearned Revenue | -36.86 | -38.35 | 0.84 | -10.95 | 53.02 | -0.97 |
Change in Other Net Operating Assets | -23.26 | 29.18 | -17.32 | -39.95 | -8 | 17.25 |
Operating Cash Flow | -1.72 | 75.91 | 2.81 | -75.3 | -53.93 | -45.04 |
Operating Cash Flow Growth | - | 2597.51% | - | - | - | - |
Investing Activities
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 |
Capital Expenditures | -28.8 | -19.83 | -27.72 | -186.79 | -150.88 | -87.86 |
Sale of Property, Plant & Equipment | 14.52 | 3.79 | 10.01 | 1.65 | 0.01 | - |
Investment in Securities | - | - | 5.56 | 19.53 | -25.07 | - |
Investing Cash Flow | -14.27 | -16.05 | -12.15 | -165.61 | -175.95 | -87.86 |
Financing Activities
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 |
Short-Term Debt Issued | - | - | - | - | - | 8.43 |
Long-Term Debt Issued | - | 85.71 | 126.52 | 47.85 | 58.71 | 96.43 |
Total Debt Issued | 95.49 | 85.71 | 126.52 | 47.85 | 58.71 | 104.85 |
Short-Term Debt Repaid | - | - | - | - | - | -8.43 |
Long-Term Debt Repaid | - | -97.45 | -66.25 | -14.81 | -53.74 | -37.57 |
Total Debt Repaid | -100.72 | -97.45 | -66.25 | -14.81 | -53.74 | -45.99 |
Net Debt Issued (Repaid) | -5.22 | -11.74 | 60.27 | 33.04 | 4.97 | 58.86 |
Issuance of Common Stock | 30.1 | 28.75 | - | - | - | - |
Other Financing Activities | -12.58 | -19.7 | -22.68 | - | - | 566.09 |
Financing Cash Flow | 12.3 | -2.68 | 37.59 | 33.04 | 4.97 | 624.95 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | 7.97 | 2.46 | -6.84 | -6.56 | -8.59 | 2.87 |
Net Cash Flow | 4.27 | 59.64 | 21.41 | -214.43 | -233.49 | 494.91 |
Free Cash Flow
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 |
Free Cash Flow | -30.52 | 56.07 | -24.91 | -262.09 | -204.81 | -132.9 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -8.30% | 13.12% | -6.56% | -85.48% | -100.15% | -87.45% |
Free Cash Flow Per Share | -0.09 | 0.17 | -0.08 | -0.84 | -0.68 | -0.71 |
Levered Free Cash Flow | 63.39 | 18.44 | -65.21 | -117.38 | -136.48 | -174.73 |
Unlevered Free Cash Flow | 66.53 | 21.51 | -59.14 | -115.73 | -134.41 | -171.34 |
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 |
Cash Interest Paid | 6 | 6 | 7.44 | 4.37 | 5.14 | 2.69 |
Cash Income Tax Paid | 1.82 | 1.82 | - | - | - | - |
Change in Working Capital | -46.57 | -29.53 | -52.76 | -78.48 | -30.45 | -23.96 |