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Microvast Holdings, Inc.

Microvast Holdings, Inc.MVSTEarnings & Financial Report

Nasdaq

Microvast Holdings, Inc. is a battery technology company headquartered in Stafford, Texas, and publicly traded on the NASDAQ Stock Exchange. It designs, develops and manufactures battery components and systems primarily for electric commercial vehicles and utility-scale energy storage systems (ESS). Microvast has manufacturing facilities in the United States, China, and Germany.

MVST Q3 2025 Key Financial Metrics

Revenue

$123.3M

Gross Profit

$46.4M

Operating Profit

$13.0M

Net Profit

$-1.5M

Gross Margin

37.6%

Operating Margin

10.5%

Net Margin

-1.2%

YoY Growth

21.6%

EPS

$0.00

Financial Flow

Microvast Holdings, Inc. Q3 2025 Financial Summary

Microvast Holdings, Inc. reported revenue of $123.3M for Q3 2025, with a net profit of $-1.5M (-1.2% margin). Cost of goods sold was $76.9M, operating expenses totaled $33.4M.

Key Financial Metrics

Total Revenue$123.3M
Net Profit$-1.5M
Gross Margin37.6%
Operating Margin10.5%
Report PeriodQ3 2025

Microvast Holdings, Inc. Annual Revenue by Year

Microvast Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $379.8M).

YearAnnual Revenue
2024$379.8M
2023$306.6M
2022$204.5M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$104.6M$81.4M$83.7M$101.4M$113.4M$116.5M$91.3M$123.3M
YoY Growth61.4%73.2%11.6%26.6%8.4%43.2%9.2%21.6%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$1.10B$1.04B$984.6M$1.02B$951.9M$982.9M$1.00B$1.01B
Liabilities$532.5M$494.5M$506.5M$511.8M$564.0M$528.7M$648.6M$655.5M
Equity$564.2M$546.1M$455.0M$486.1M$387.9M$454.2M$356.1M$358.1M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-5.0M$2.0M$111000$-5.4M$6.1M$7.2M$37.2M$15.2M