Microvast Holdings financials
$0.6477+0.25%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.3M | $60.6M | $96.4M | $123.3M | $91.3M | $116.5M | $113.4M | $101.4M | $83.7M | $81.4M | $104.6M | $80.1M |
| Gross profit | $25.8M | $19.2M | $959.0K | $46.4M | $31.7M | $43.0M | $41.5M | $33.6M | $27.2M | $17.2M | $23.0M | $17.9M |
| Gross margin | 29.5% | 31.6% | 1.0% | 37.6% | 34.7% | 36.9% | 36.6% | 33.2% | 32.5% | 21.2% | 22.0% | 22.3% |
| Operating income | -$1.7M | -$7.9M | -$38.7M | $12.9M | $8.0M | $13.8M | $934.0K | $6.1M | -$99.5M | -$23.1M | -$21.1M | -$26.8M |
| Net income | -$12.0M | $48.2M | $16.5M | -$1.5M | -$106.1M | $61.8M | -$82.3M | $13.2M | -$101.6M | -$24.8M | -$24.5M | -$26.1M |
| Net margin | −13.7% | 79.5% | 17.2% | −1.2% | −116.1% | 53.0% | −72.6% | 13.1% | −121.4% | −30.5% | −23.5% | −32.6% |
| Diluted EPS | $-0.03 | $-0.04 | $0.06 | $0.00 | $-0.33 | $0.05 | $-0.30 | $0.03 | $-0.32 | $-0.08 | $-0.08 | $-0.08 |
| EBITDA | $6.4M | $145.0K | -$28.3M | $21.6M | $17.5M | $21.8M | $13.1M | $14.2M | -$4.2M | -$15.5M | -$13.5M | -$21.5M |
| Operating cash flow | -$10.5M | -$22.8M | $16.4M | $15.2M | $37.2M | $7.2M | $6.1M | -$5.4M | $111.0K | $2.0M | -$5.0M | -$29.3M |
| Free cash flow | -$21.8M | -$25.7M | $15.8M | $1.2M | $34.3M | $4.8M | $5.7M | -$19.6M | -$2.8M | -$8.2M | -$38.2M | -$89.3M |
| Diluted shares | 348.9M | 385.3M | 276.9M | 323.8M | 323.6M | 374.4M | 275.9M | 367.0M | 315.5M | 315.4M | 315.1M | 313.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $127.8M | $126.1M | $105.0M | $90.7M | $99.7M | $90.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $175.6M | $309.2M | $367.2M | $411.1M | $384.3M | $278.1M |
| Total assets | $952.2M | $987.5M | $1.01B | $1.01B | $1.00B | $982.9M |
| Total liabilities | $409.1M | $521.4M | $594.9M | $655.5M | $648.6M | $528.7M |
| Shareholders' equity | $543.1M | $466.1M | $410.5M | $358.1M | $356.1M | $454.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology