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Microvast Holdings, Inc. MVST Q4 2025 Annual earnings

Reported March 16, 2026 · After market close

Revenue$96.4MMiss by $35.0M
EPS-$0.11Miss by $0.13
Revenue estimate$131.4M
EPS estimate$0.02

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$96.4M-15.0%
Gross profit$959.0K-97.7%

Balance sheet

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Cash & equivalents$105.0M+43.8%
Total debt$251.2M+25.6%
Total equity$410.5M+5.8%
Total assets$1.0B+5.6%

Cash flow

See full
Operating cash flow$16.4M+169%
CapEx$643.0K+81.1%
Free cash flow$15.8M—

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$918.91M+37.8%
Enterprise value$1.07B+34.2%
P/S2.1×+0.4×

Profitability

See full
Gross margin28.6%-2.9pp
FCF margin13.1%—

Returns & leverage

See full
Debt / equity0.6×+0.1×
Current ratio0.9×-0.4×

Versus estimates

Revenue

Q1 2026$60.6MMiss by $38.4M
Q4 2025$96.4MMiss by $35.0M
Q3 2025$123.3MMiss by $10.5MQ2 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 $0.09
Q4 2025-$0.11Miss by $0.13
Q3 2025$0.04Beat by $0.02Q2 2025$0.05Beat by $0.04Q1 2025$0.06Beat by $0.08Q4 2024-$0.01Beat by $0.01

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Questions, answered.

When did Microvast Holdings, Inc. report Q4 2025 earnings?
Microvast Holdings, Inc. (MVST) reported Q4 2025 earnings on March 16, 2026 after market close.
What were Microvast Holdings, Inc.'s Q4 2025 revenue and EPS?
Microvast Holdings, Inc. reported revenue of $96.4M and eps of $-0.11 for Q4 2025.
Did Microvast Holdings, Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $131.4M by $35.0M. EPS missed the consensus estimate of $0.02 by $0.13.
How did Microvast Holdings, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.0% from $113.4M a year earlier and eps declined 1000.0% from $-0.01.
Where can I find Microvast Holdings, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-018235) and the 10-K periodic report (0001628280-26-018264) directly on SEC EDGAR. The filing index links above go to sec.gov.