Microvast Holdings financials
$0.6477+0.25%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $427.5M | $379.8M | $306.6M | $204.5M | $152.0M |
| Gross profit | $122.1M | $119.6M | $57.2M | $9.1M | -$42.7M |
| Gross margin | 28.6% | 31.5% | 18.7% | 4.4% | −28.1% |
| Operating income | $7.0M | -$116.1M | -$106.7M | -$159.9M | -$194.1M |
| Net income | -$29.2M | -$195.5M | -$106.3M | -$158.2M | -$234.1M |
| Net margin | −6.8% | −51.5% | −34.7% | −77.4% | −154.0% |
| Diluted EPS | $-0.09 | $-0.61 | $-0.34 | $-0.52 | $-1.26 |
| EBITDA | $43.5M | $7.1M | -$84.1M | -$138.3M | -$173.4M |
| Operating cash flow | $75.9M | $2.8M | -$75.3M | -$53.9M | -$45.0M |
| Free cash flow | $56.1M | -$24.9M | -$262.1M | -$204.8M | -$132.9M |
| Diluted shares | 324.7M | 318.5M | 310.9M | 303.3M | 185.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $105.0M | $73.0M | $44.5M | $231.4M | $480.9M |
| Short-term investments | $0.00 | $0.00 | $5.6M | $25.1M | $0.00 |
| Total debt | $367.2M | $311.3M | $185.7M | $158.7M | $147.4M |
| Total assets | $1.01B | $951.9M | $1.10B | $985.0M | $995.3M |
| Total liabilities | $594.9M | $564.0M | $532.5M | $372.0M | $308.6M |
| Shareholders' equity | $410.5M | $387.9M | $564.2M | $613.0M | $686.7M |
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