Microvast Holdings Earnings Call Transcripts
Fiscal Year 2025
-
Record 2025 revenue of $427.5M marked a 12.6% increase, with strong EMEA and U.S. growth, improved margins, and a shift to positive adjusted EBITDA. Strategic expansion and new product launches position the company for continued growth in 2026.
-
Record quarterly revenue of $123.3 million marked a 21.6% year-over-year increase, with gross margin rising to 37.6% and adjusted net profit reaching $11.9 million. Expansion of production capacity and a new partnership with Škoda Group support continued growth and innovation.
-
Record Q2 revenue and improved margins highlight strong operational execution and innovation, with adjusted net profit and EBITDA turning positive year-over-year. Guidance for 2025 remains robust, supported by new capacity and continued growth in EMEA and APAC.
-
Record Q1 revenue grew 43% year-over-year to $116.5 million, with EMEA sales up 108% and gross margin rising to 36.9%. Net profit reached $61.8 million, and the company guides for 18–25% revenue growth in 2025, supported by capacity expansion and ongoing innovation.
Fiscal Year 2024
-
Record 2024 revenue and gross margin gains were driven by EMEA and U.S. growth, while APAC declined due to strategic repositioning. 2025 guidance targets 18%-25% revenue growth, 30% gross margin, and continued innovation and expansion.
-
Achieved record Q3 profitability with $13.2M net profit and $101.4M revenue, driven by 212% EMEA growth and improved margins. Outlook remains strong with targeted 15–18% annual revenue growth and continued focus on innovation and operational efficiency.
-
Record Q2 revenue of $83.7M, up 12% year-over-year, with EMEA sales surging 401% and gross margin rising to 32.5%. Q3 revenue is projected at $85–90M, driven by continued EMEA and APAC growth, alongside new product launches and strategic partnerships.