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Microvast Holdings, Inc.

MVST

Microvast Holdings is a vertically integrated provider of advanced lithium-ion battery technologies, specializing in high-performance systems for commercial and industrial electrification.

Market cap
$267.39M-74.7%
Revenue$371.6M-10.4%
Net income$2.5M+101%
Free cash flow$25.6M+199%
EPS (diluted)-$0.32+48.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$94.4M
EPS estimate-$0.01

Financials

Q1 2026

Income statement

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Revenue$60.6M-48.0%
Gross profit$19.2M-55.5%
Operating income-$7.9M-152%
Net income$48.2M-22.0%
EPS (diluted)-$0.04-180%

Balance sheet

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Cash & equivalents$126.1M+2.5%
Total debt$93.3M-65.4%
Total equity$466.1M+2.6%
Total assets$987.5M+0.5%

Cash flow

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Operating cash flow-$22.8M-418%
CapEx$2.9M+21.7%
Free cash flow-$25.7M-632%

Valuation & ratios

Valuation

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Market cap$267.39M-74.7%
Enterprise value$234.52M-82.6%
P/E109×
P/S0.7×-1.8×

Profitability

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Gross margin26.4%-8.6pp
FCF margin6.9%

Returns & leverage

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Debt / equity0.2×-0.4×
Current ratio-0.4×

Segments

By geography

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Other Asia & Pacific countries$2.3M-61.8%
Other European countries$243.0K

Competitors

Profile

Microvast Holdings is a vertically integrated provider of advanced lithium-ion battery technologies, specializing in high-performance systems for commercial and industrial electrification. The company designs and manufactures proprietary battery components, including cells, modules, and packs, with a focus on ultra-fast charging, long cycle life, and enhanced safety. Its core value proposition lies in its ground-up innovation approach and domestic production capabilities aimed at reducing reliance on overseas supply chains.

Competitive position

A technology-focused leader in the commercial EV battery space, differentiating through proprietary material science and ultra-fast charging capabilities.

GeographiesUnited States, China, Germany, Europe, Asia-Pacific
Customer segmentsOriginal Equipment Manufacturers (OEMs), Fleet Operators, Utility Companies
Business modelVertically integrated manufacturing, Direct sales, Technology licensing
SuppliersLithium suppliers, Nickel and Manganese suppliers, Copper suppliers, Specialized manufacturing equipment providers
CustomersElectric bus and truck manufacturers, Port and mining equipment operators, Grid storage developers, Rail vehicle manufacturers
Listed2021
Employees2.0K
CEOYang Wu
FilingsSEC EDGAR

Questions, answered.

What is Microvast Holdings, Inc.'s market cap?
Microvast Holdings, Inc. (MVST) has a market capitalization of $267.4M and trades on NASDAQ.
What is Microvast Holdings, Inc.'s revenue and profitability?
Microvast Holdings, Inc. generated $371.6M in trailing twelve-month revenue with net income of $2.5M, representing a net margin of -28.8%. Gross margin stands at 26.4%, with free cash flow of $25.6M. These figures are based on the Q1 2026 filing.
Who are Microvast Holdings, Inc.'s competitors?
Microvast Holdings, Inc.'s key competitors include NeoVolta Inc. Common Stock, Expion360 Inc. Common Stock, EnerSys, Inc., and others. These companies compete in similar markets and product categories.
Who does Microvast Holdings, Inc. partner with?
Microvast Holdings, Inc.'s notable partners include Škoda Group, IVECO, BAIC Truck, and others.
Where is Microvast Holdings, Inc. headquartered?
Microvast Holdings, Inc. is headquartered in United States of America and employs approximately 2,006 people. It has been publicly traded since 2021.