Skip to content
OpenCapital
Get started

Microvast Holdings, Inc. MVST Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$123.3MMiss by $10.5M
EPS$0.04Beat by $0.02
Revenue estimate$133.8M
EPS estimate$0.02

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$123.3M+21.6%
Gross profit$46.4M+38.1%
Operating income$13.0M+80.8%
Net income-$1.5M-111%
EPS (diluted)$0.00-100%

Balance sheet

See full
Cash & equivalents$142.6M+24.1%
Total debt$414.6M+102%
Total equity$358.1M-26.3%
Total assets$1.0B-0.7%

Cash flow

See full
Operating cash flow$15.2M+379%
CapEx$14.0M-1.4%
Free cash flow$1.2M+106%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$1.25B+1,491%
Enterprise value$1.52B+802%
P/S2.8×+2.6×

Profitability

See full
Gross margin36.6%+9.4pp
Operating margin9.7%+5.4pp
Net margin-28.8%-5.3pp

Returns & leverage

See full
Return on equity-30.3%+5.7pp
Debt / equity1.2×+0.7×
Current ratio0.8×-0.5×

Versus estimates

Revenue

Q1 2026$60.6MMiss by $38.4MQ4 2025$96.4MMiss by $35.0M
Q3 2025$123.3MMiss by $10.5M
Q2 2025$91.3MMiss by $16.3MQ1 2025$116.5MBeat by $10.5MQ4 2024$113.4MBeat by $20.9M

Diluted EPS

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

Ask the moment Microvast Holdings, Inc. reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Microvast Holdings, Inc. report Q3 2025 earnings?
Microvast Holdings, Inc. (MVST) reported Q3 2025 earnings on November 10, 2025 after market close.
What were Microvast Holdings, Inc.'s Q3 2025 revenue and EPS?
Microvast Holdings, Inc. reported revenue of $123.3M and eps of $0.04 for Q3 2025.
Did Microvast Holdings, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $133.8M by $10.5M. EPS beat the consensus estimate of $0.02 by $0.02.
How did Microvast Holdings, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 21.6% from $101.4M a year earlier and eps declined 20.0% from $0.05.
Where can I find Microvast Holdings, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-051130) and the 10-Q periodic report (0001628280-25-051119) directly on SEC EDGAR. The filing index links above go to sec.gov.