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Other geography segments

India
$47.32M+166%
Italy
$14.15M
France
$1.95M
United States
$182K

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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%
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

See full
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:Revenues.

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
Geographic regionsThree Months Ended March 31, 2026 / AmountThree Months Ended March 31, 2026 / %Three Months Ended March 31, 2025 / AmountThree Months Ended March 31, 2025 / %
China$14,87725%$44,12638%
Other Asia & Pacific countries2,2654%5,9255%
Asia & Pacific17,14229%50,05143%
Italy31,31352%36,58731%
France11,68019%18,36316%
Other European countries2435,1005%
Europe43,23671%60,05052%
United States2346,3905%

Item 1. ated Financial

FAQ

What is Microvast Holdings, Inc.'s china — revenue?
Microvast Holdings, Inc. (MVST) reported china — revenue of $14.88M in Q1 2026.
How has Microvast Holdings, Inc.'s china — revenue changed year-over-year?
Microvast Holdings, Inc.'s china — revenue decreased by 66.3% year-over-year, from $44.13M to $14.88M.
What is the long-term trend for Microvast Holdings, Inc.'s china — revenue?
Over 2 years (2023 to 2025), Microvast Holdings, Inc.'s china — revenue has grown at a -5.8% compound annual growth rate (CAGR), from $156.48M to $138.95M.
What does china — revenue mean?
This metric represents the total gross revenue generated from sales of battery solutions and related services within the Chinese geographic market. It serves as a key indicator of the company's market penetration and competitive positioning in one of the world's largest electric vehicle and energy storage markets. Tracking this revenue stream helps investors assess the company's reliance on regional demand and its ability to navigate local regulatory and competitive landscapes.

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