SequelSEC

Microvast Holdings, Inc. MVST

Miscellaneous Electrical Machinery, Equipment & Supplies · CIK 0001760689 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$427.52M
Fiscal year ended 2025-12-31
Operating income
$6.98M
Fiscal year ended 2025-12-31
Free cash flow
$56.07M
Fiscal year ended 2025-12-31

Microvast Holdings, Inc. (MVST) reported revenue of $427.52M and net income of -$29.22M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Microvast Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Miscellaneous Electrical Machinery, Equipment & Supplies.

Income

Microvast Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$427.52M$379.80M$306.62M$204.50M$151.98M$107.52M$76.43M
Cost of revenueUnavailable$260.25M$249.39M$195.42M$194.72M$90.38M$76.66M
Gross profit$122.11M$119.55M$57.23M$9.07M-$42.74M$17.14M-$231.00K
Operating income$6.98M-$116.09M-$106.73M-$159.95M-$194.06M-$29.11M-$53.86M
Net income-$29.22M-$195.46M-$106.34M-$158.20M-$206.48M-$2.42M$3.39M
Research & development$34.11M$41.06M$45.00M$43.51M$34.38M$16.64M$26.00M
Weighted-average diluted sharesshares 324.69Mshares 318.46Mshares 310.91Mshares 303.28Mshares 185.90Mshares 99.03Mshares 7.97M
Pretax income-$34.54M-$195.46M-$106.40M-$158.17M-$206.48M-$33.62M-$59.47M
Income tax expense-$5.32M$0$10.00K$33.00K$0$1.00K$189.00K
Diluted EPS$-0.09$-0.61$-0.34$-0.52$-1.26$-0.82$-0.07
Selling, general & administrative$80.02M$104.06M$120.40M$125.38M$123.06M$32.61M$30.88M
General & administrative$57.82M$81.49M$96.79M$102.77M$101.63M$18.85M$15.17M
Selling & marketing$22.20M$22.58M$23.61M$22.61M$21.43M$13.76M$15.71M

Balance

Microvast Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$104.96M$73.01M$44.54M$231.42M$480.93M$21.50M$140.30K
Total assets$1.01B$951.87M$1.10B$984.96M$995.29M$404.51M$280.50M
Current assets$448.72M$428.03M$425.61M$545.07M$706.61M$189.32M$396.37K
Total liabilities$594.94M$563.97M$532.54M$371.98M$308.59M$389.16M$701.45K
Current liabilities$488.34M$330.15M$403.41M$252.41M$175.59M$183.63M$269.06K
Total equity incl. NCI$410.51M$387.90M$564.19M$612.98M$686.70M-$384.60M-$320.26M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable$90.82M$274.80M
Inventory$89.41M$143.33M$149.75M$84.25M$53.42M$44.97MUnavailable
Accounts receivable$155.76M$120.63M$138.72M$119.30M$88.72M$76.30MUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$13.23M$41.06M$43.76M$29.00M$0UnavailableUnavailable
Accounts payable$47.00M$64.94M$112.62M$44.98M$40.41M$42.01MUnavailable

Cash flow

Microvast Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$75.91M$2.81M-$75.30M-$53.93M-$45.04M$15.56M$13.37M
Capital expenditures$19.83M$27.72M$186.79M$150.88M$87.86M$18.64M$20.26M
Investing cash flow-$16.04M-$12.15M-$165.60M-$175.94M-$87.86M-$17.67M-$3.95M
Financing cash flow-$2.68M$37.59M$33.04M$4.97M$624.95M-$507.00K-$52.18M
Net change in cash$59.64M$21.41M-$214.43M-$233.49M$494.91M-$588.00K-$43.76M
Stock-based compensation$3.07M$30.84M$64.97M$90.81M$82.89M$0Unavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Microvast Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow$56.07M-$24.91M-$262.09M-$204.81M-$132.90M-$3.09M-$6.89M
Gross margin28.6%31.5%18.7%4.4%-28.1%15.9%-0.3%
Operating margin1.6%-30.6%-34.8%-78.2%-127.7%-27.1%-70.5%
FCF margin13.1%-6.6%-85.5%-100.2%-87.4%-2.9%-9.0%
SBC / revenue0.7%8.1%21.2%44.4%54.5%0.0%Unavailable
Current ratio0.92x1.30x1.06x2.16x4.02x1.03x1.47x
Revenue YoY growth12.6%23.9%49.9%34.6%41.3%40.7%Unavailable
Net margin-6.8%-51.5%-34.7%-77.4%-135.9%UnavailableUnavailable
R&D / revenue8.0%10.8%14.7%21.3%22.6%15.5%34.0%
CapEx / revenue4.6%7.3%60.9%73.8%57.8%17.3%26.5%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MVST in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-12View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2020-12-31

Difference 309130000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.

balance equationreview2019-12-31

Difference 325261009 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.