Microvast Holdings, Inc. (MVST) — Financial statements
Income statement, balance sheet, and cash flow for Microvast Holdings, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 428↑12.6% | 380↑23.9% | 307↑49.9% | 204↑34.6% | 152 | |
| Cost of Revenue | 273↑4.9% | 260↑4.4% | 249↑27.6% | 195↑0.4% | 195 | |
| Gross Profit | 155↑29.3% | 120↑108.9% | 57↑530.7% | 9↑121.2% | -43 | |
| Operating Expenses | ||||||
| R&D Expenses | 34↓16.9% | 41↓8.8% | 45↑3.4% | 44↑26.5% | 34 | |
| General & Administrative Expenses | 58↓29.0% | 81↓15.8% | 97↓5.8% | 103↑1.1% | 102 | |
| Selling & Marketing Expenses | -22↓198.3% | 23↓4.4% | 24↑4.4% | 23↑5.5% | 21 | |
| SG&A Expenses | 36↓65.8% | 104↓13.6% | 120↓4.0% | 125↑1.9% | 123 | |
| Other Expenses | 44↓51.0% | 91↑6346.7% | -1↓1250.0% | 0.13↑102.1% | -6 | |
| Operating Expenses | 114↓51.6% | 236↑43.7% | 164↓3.0% | 169↑11.7% | 151 | |
| Total Costs & Expenses | 387↓22.0% | 496↑20.0% | 413↑13.4% | 364↑5.3% | 346 | |
| Operating Results | ||||||
| Operating Income | 40↑134.9% | -116↓8.8% | -107↑33.3% | -160↑17.6% | -194 | |
| Depreciation & Amortization | 33↑7.5% | 31↑34.5% | 23↑12.6% | 20↓1.7% | 21 | |
| EBITDA | 74↑147.5% | -155↓91.6% | -81↑39.9% | -134↑25.4% | -180 | |
| EBIT | 40↑121.8% | -186↓79.0% | -104↑33.0% | -155↑23.0% | -201 | |
| Interest & Other Income | ||||||
| Net Interest Income | -4↑56.0% | -9↓1014.3% | 0.98↑781.3% | -0.14↑97.1% | -5 | |
| Interest Income | 0.96↑29.0% | 0.74↓79.4% | 4↑13.5% | 3↑612.8% | 0.45 | |
| Interest Expense | 5↓49.5% | 10↑269.5% | 3↓20.9% | 3↓38.6% | 5 | |
| Non-Operating Income | 0.00↓100.0% | 70↑2457.2% | -3↑42.1% | -5↓172.8% | 7 | |
| Other Income / Expenses | -75↑5.5% | -79↓24371.3% | 0.33↓81.6% | 2↑114.3% | -12 | |
| Income Before Tax | -35↑82.3% | -195↓83.7% | -106↑32.7% | -158↑23.4% | -206 | |
| Income Tax Expense | -5 | 0.00↓100.0% | 0.01↓69.7% | 0.03 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -29↑85.1% | -195↓83.7% | -106↑32.7% | -158↑23.4% | -206 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -29↑85.1% | -195↓83.8% | -106↑32.8% | -158↑26.8% | -216 | |
| Bottom-Line Net Income | -29↑85.1% | -195↓83.8% | -106↑32.8% | -158↑32.4% | -234 | |
| EPS (Basic) | -0.09↑85.2% | -0.61↓79.4% | -0.34↑34.6% | -0.52↑58.7% | -1.26 | |
| EPS (Diluted) | -0.09↑85.2% | -0.61↓79.4% | -0.34↑34.6% | -0.52↑58.7% | -1.26 | |
| Weighted Average Shares | 325↑2.0% | 318↑2.4% | 311↑2.5% | 303↑63.1% | 186 | |
| Weighted Average Diluted Shares | 325↑2.0% | 318↑2.4% | 311↑2.5% | 303↑63.1% | 186 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.