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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$301.84M-69.4%
Enterprise value$268.97M-78.4%
P/E123×
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

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

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
Revenues$60,612$116,491
Cost of revenues(41,456)(73,475)
Gross profit19,15643,016
Operating expenses:
General and administrative expenses(12,941)(14,120)
Research and development expenses(8,810)(8,248)
Selling and marketing expenses(5,342)(6,799)
Total operating expenses(27,093)(29,167)

Item 1. ated Financial

FAQ

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.

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