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.

Microvast Holdings, Inc. MVST CapEx

CapEx at other companies

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$330K-64.0%

EnerSysENS

$12.83M-57.6%

Energy Vault HoldingsNRGV

$7.06M+4.1%

AlbemarleALB

$98.68M-46.0%

Enovix CorporationENVX

$3.22M-48.7%

QuantumScape Corporation QS

$9.98M+71.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$22.8M-418%

Free cash flow-$25.7M-632%

Valuation

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Market cap$374.8M-70.5%

Enterprise value$341.93M-75.9%

P/E152.7×—

P/S1×-2.1×

Profitability

See full

Gross margin26.4%-8.6pp

Operating margin9.7%+5.4pp

Net margin-28.8%-5.3pp

FCF margin6.9%—

Returns & leverage

See full

Return on equity-30.3%+5.7pp

Debt / equity0.2×-0.4×

Current ratio1×-0.4×

Where this comes from

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

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Microvast Holdings, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.