MVST
Microvast Holdings Inc
NASDAQ: MVST · CONSUMER CYCLICAL · AUTO PARTS
$1.93
+6.63% today
Updated 2026-04-30
Market cap
$600.98M
P/E ratio
—
P/S ratio
1.41x
EPS (TTM)
$-0.09
Dividend yield
—
52W range
$1 – $7
Volume
4.0M
Microvast Holdings Inc (MVST) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.24M | $76.43M | $107.52M | $151.98M | $204.50M | $306.62M | $379.80M | $427.52M |
| Revenue growth (YoY) | — | -56.1% | +40.7% | +41.3% | +34.6% | +49.9% | +23.9% | +12.6% |
| Cost of revenue | $153.39M | $76.67M | $90.38M | $194.72M | $195.42M | $249.39M | $260.25M | $272.90M |
| Gross profit | $20.85M | $-231000.00 | $17.14M | $-42.74M | $9.07M | $57.23M | $119.55M | $154.62M |
| Gross margin | 12.0% | -0.3% | 15.9% | -28.1% | 4.4% | 18.7% | 31.5% | 36.2% |
| R&D | $32.45M | $26.00M | $16.64M | $34.38M | $43.51M | $45.00M | $41.06M | $34.11M |
| SG&A | $32.99M | $15.17M | $18.85M | $101.63M | $102.77M | $96.79M | $81.49M | $57.82M |
| Operating income | $-57.99M | $-53.86M | $-29.11M | $-194.06M | $-159.95M | $-106.73M | $-116.09M | $40.49M |
| Operating margin | -33.3% | -70.5% | -27.1% | -127.7% | -78.2% | -34.8% | -30.6% | 9.5% |
| EBITDA | $-45.24M | $-37.73M | $-11.09M | $-180.36M | $-134.48M | $-80.85M | $-154.91M | $73.62M |
| EBITDA margin | -26.0% | -49.4% | -10.3% | -118.7% | -65.8% | -26.4% | -40.8% | 17.2% |
| EBIT | $-57.99M | $-53.12M | $-27.89M | $-201.07M | $-154.84M | $-103.77M | $-185.75M | $40.49M |
| Interest expense | $0.00 | $6.35M | $5.74M | $5.41M | $3.32M | $2.63M | $9.71M | $4.90M |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-100.03M | $-72.59M | $-49.55M | $-216.01M | $-158.20M | $-106.34M | $-195.46M | $-29.22M |
| Net income growth (YoY) | — | +27.4% | +31.7% | -335.9% | +26.8% | +32.8% | -83.8% | +85.1% |
| Profit margin | -57.4% | -95.0% | -46.1% | -142.1% | -77.4% | -34.7% | -51.5% | -6.8% |