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Microvast Holdings, Inc. MVST India — Revenues, percentage

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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$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 mvst:RevenuesPercentage.

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 — revenues, percentage?
Microvast Holdings, Inc. (MVST) reported india — revenues, percentage of 2% in Q4 2025.
How has Microvast Holdings, Inc.'s india — revenues, percentage changed year-over-year?
Microvast Holdings, Inc.'s india — revenues, percentage decreased by 38.5% year-over-year, from 3.3% to 2%.
What is the long-term trend for Microvast Holdings, Inc.'s india — revenues, percentage?
Over 4 years (2021 to 2025), Microvast Holdings, Inc.'s india — revenues, percentage has grown at a -9.6% compound annual growth rate (CAGR), from 12% to 8%.
What does india — revenues, percentage mean?
This metric measures the proportion of total consolidated revenue derived from the Indian geographic segment relative to the company's global operations. It serves as an indicator of the company's geographic concentration and reliance on the Indian market for overall financial performance. A higher percentage suggests a significant strategic focus or dependency on this specific region's economic environment.

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