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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%
Gross profit$19.2M-55.5%
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

Reported directly by Microvast Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Selling and marketing expenses(5,342)(6,799)
Total operating expenses(27,093)(29,167)
Subsidy income31,416
(Loss) profit from operations(7,934)15,265
Other income and expenses:
Interest income382177
Interest expense(1,227)(1,188)
Changes in fair value of warrant liability and convertible loan63,83843,160

Item 1. ated Financial

FAQ

What is Microvast Holdings, Inc.'s operating income?
Microvast Holdings, Inc. (MVST) reported operating income of -$7.93M in Q1 2026.
How has Microvast Holdings, Inc.'s operating income changed year-over-year?
Microvast Holdings, Inc.'s operating income decreased by 152.0% year-over-year, from $15.27M to -$7.93M.
What is the long-term trend for Microvast Holdings, Inc.'s operating income?
Over 3 years (2021 to 2024), Microvast Holdings, Inc.'s operating income has grown at a -15.7% compound annual growth rate (CAGR), from -$194.06M to -$116.09M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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