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Microvast Holdings, Inc. MVST Q1 2025 earnings

Reported May 12, 2025 · After market close

Revenue$116.5MBeat by $10.5M
EPS$0.06Beat by $0.08
Revenue estimate$106.0M
EPS estimate-$0.02

Next report

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

Financials

Q1 2025

Income statement

See full
Revenue$116.5M+43.2%
Gross profit$43.0M+150%
Operating income$15.3M+166%
Net income$61.8M+349%
EPS (diluted)$0.05+163%

Balance sheet

See full
Cash & equivalents$123.0M+41.9%
Total debt$269.5M+87.3%
Total equity$454.2M-16.8%
Total assets$982.9M-5.5%

Cash flow

See full
Operating cash flow$7.2M+253%
CapEx$2.3M-77.1%
Free cash flow$4.8M+159%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$378.96M+43.7%
Enterprise value$525.44M+63.8%
P/S0.9×+0.1×

Profitability

See full
Gross margin35%+14.6pp
Operating margin-18.7%-4.9pp
Net margin-26.2%-2.8pp

Returns & leverage

See full
Return on equity-21.8%+6.6pp
Debt / equity0.6×+0.3×
Current ratio1.3×+0.3×

Versus estimates

Revenue

Q1 2026$60.6MMiss by $38.4MQ4 2025$96.4MMiss by $35.0MQ3 2025$123.3MMiss by $10.5MQ2 2025$91.3MMiss by $16.3M
Q1 2025$116.5MBeat by $10.5M
Q4 2024$113.4MBeat by $20.9M

Diluted EPS

Q1 2026-$0.04Miss by $0.09Q4 2025-$0.11Miss by $0.13Q3 2025$0.04Beat by $0.02Q2 2025$0.05Beat by $0.04
Q1 2025$0.06Beat by $0.08
Q4 2024-$0.01Beat by $0.01

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Questions, answered.

When did Microvast Holdings, Inc. report Q1 2025 earnings?
Microvast Holdings, Inc. (MVST) reported Q1 2025 earnings on May 12, 2025 after market close.
What were Microvast Holdings, Inc.'s Q1 2025 revenue and EPS?
Microvast Holdings, Inc. reported revenue of $116.5M and eps of $0.06 for Q1 2025.
Did Microvast Holdings, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $106.0M by $10.5M. EPS beat the consensus estimate of $-0.02 by $0.08.
How did Microvast Holdings, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 43.2% from $81.4M a year earlier.
Where can I find Microvast Holdings, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q/A periodic report (0001760689-25-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.