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Other geography segments

China
$39.12M
Italy
$14.15M
France
$1.95M
United States
$182K

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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%
CapEx$2.9M+21.7%
Free cash flow-$25.7M-632%

Valuation

See full
Market cap$301.84M-69.4%
Enterprise value$268.97M-78.4%
P/E123×
P/S0.8×-1.5×

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 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-K, filed March 16, 2026.

Filed
Mar 16, 2026, 5:21 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-018264
Geographic regionsYear Ended December 31, 2025 / AmountYear Ended December 31, 2025 / %Year Ended December 31, 2024 / AmountYear Ended December 31, 2024 / %Year Ended December 31, 2023 / AmountYear Ended December 31, 2023 / %
PRC$138,94533%$127,13833%$156,48051%
India34,5688%48,76713%60,60620%
Other Asia & Pacific countries2,7541%1,7912,0471%
Asia & Pacific176,26742%177,69646%219,13372%
Italy92,94122%150,80940%56,59218%
France78,19218%12,7643%7,8163%
Other European countries40,8119%24,1457%19,9506%
Europe211,94449%187,71850%84,35827%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Microvast Holdings, Inc.'s india — revenue?
Microvast Holdings, Inc. (MVST) reported india — revenue of $8.64M in Q4 2025.
How has Microvast Holdings, Inc.'s india — revenue changed year-over-year?
Microvast Holdings, Inc.'s india — revenue decreased by 29.1% year-over-year, from $12.19M to $8.64M.
What is the long-term trend for Microvast Holdings, Inc.'s india — revenue?
Over 4 years (2021 to 2025), Microvast Holdings, Inc.'s india — revenue has grown at a 18.0% compound annual growth rate (CAGR), from $17.81M to $34.57M.
What does india — revenue mean?
This metric represents the total gross revenue generated by the company's operations within the Indian geographic market. It reflects the company's ability to capture market share and execute sales strategies in this specific region. Tracking this figure helps investors assess the geographic diversification of the company's revenue streams and the performance of regional business units.

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