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Other financials

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%
Free cash flow-$25.7M-632%

Valuation

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Market cap$291.45M-70.4%
Enterprise value$258.58M-79.3%
P/E118.8×
P/S0.8×-1.5×

Profitability

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Gross margin26.4%-8.6pp
Operating margin9.7%+5.4pp
Net margin-28.8%-5.3pp
FCF margin6.9%

Returns & leverage

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Return on equity-30.3%+5.7pp
Debt / equity0.2×-0.4×
Current ratio-0.4×

Where this comes from

Reported directly by Microvast Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Microvast Holdings, Inc.’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:37 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033590
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Other non-current liabilities(1,875)528
Net cash (used in) generated from operating activities(22,796)7,169
Cash flows from investing activities
Purchases of property, plant and equipment(2,855)(2,346)
Proceeds on disposal of property, plant and equipment5114
Net cash used in investing activities(2,804)(2,332)
Cash flows from financing activities
Proceeds from bank borrowings51,72128,187

Item 1. ated Financial

FAQ

What is Microvast Holdings, Inc.'s capex?
Microvast Holdings, Inc. (MVST) reported capex of $2.86M in Q1 2026.
How has Microvast Holdings, Inc.'s capex changed year-over-year?
Microvast Holdings, Inc.'s capex increased by 21.7% year-over-year, from $2.35M to $2.86M.
What is the long-term trend for Microvast Holdings, Inc.'s capex?
Over 4 years (2021 to 2025), Microvast Holdings, Inc.'s capex has grown at a -31.1% compound annual growth rate (CAGR), from $87.86M to $19.83M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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