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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$60.6M-48.0%
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%
CapEx$2.9M+21.7%
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/S-2.1×

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

Calculated from Microvast Holdings, Inc.’s reported figures.

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 gross profit?
Microvast Holdings, Inc. (MVST) reported gross profit of $19.16M in Q1 2026.
How has Microvast Holdings, Inc.'s gross profit changed year-over-year?
Microvast Holdings, Inc.'s gross profit decreased by 55.5% year-over-year, from $43.02M to $19.16M.
What is the long-term trend for Microvast Holdings, Inc.'s gross profit?
Over 4 years (2021 to 2025), Microvast Holdings, Inc.'s gross profit has grown at a 29.1% compound annual growth rate (CAGR), from -$43.9M to $122.11M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.