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Discontinued — last reported Q4 '25

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Segments

By geography

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Germany$0.29-2.7%

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%
CapEx$2.9M+21.7%
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:IncomeTaxExpenseBenefit.

The source filing: Microvast Holdings, Inc.’s 10-K, filed March 16, 2026.

Filed
Mar 16, 2026, 5:21 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-018264
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Gain on debt restructuring1,2979,406
Other income (expense), net244156(713)
Loss before provision for income tax(34,543)(195,457)(106,402)
Benefit from (provision for) income taxes5,325(10)
Net loss$(29,218)$(195,457)$(106,412)
Less: Net loss attributable to noncontrolling interest(76)
Net loss attributable to common stockholders$(29,218)$(195,457)$(106,336)
Net loss per common share - basic and diluted$(0.09)$(0.61)$(0.34)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Microvast Holdings, Inc.'s income tax?
Microvast Holdings, Inc. (MVST) reported income tax of -$6.28M in Q4 2025.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

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