Company research
Microvast Holdings, Inc.
CIK 1760689Updated Sep 24, 2026
SecurityMVST · NASDAQ · equity
Name history
Tuscan Holdings Corp. · through Jul 21, 2021
MVST price & chart
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NASDAQ:MVST on TradingView ↗In the news
MVST DEADLINE MONDAY: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Microvast Holdings, Inc. Investors to Secure Counsel Before Important September 21 Deadline in Securities Class Action - MVST ↗
Pomerantz Law Firm Announces the Filing of a Class Action Against Microvast Holdings, Inc. and Certain Officers - MVST ↗
Pomerantz Law Firm Announces the Filing of a Class Action Against Microvast Holdings, Inc. and Certain Officers - MVST ↗
Recent filings
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
25-NSE filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,005,448,000Source | 951,867,000Source | 1,096,732,000Source | 984,957,000Source |
| Property, Plant and Equipment, NetUSD | 508,057,000Source | 478,189,000Source | 620,667,000Source | 335,140,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,183,000Source | 2,607,000Source | 3,136,000Source | 1,636,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 104,963,000Source | 73,007,000Source | 44,541,000Source | 231,420,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 155,763,000Source | 120,626,000Source | 138,717,000Source | 119,304,000Source |
| Inventory, NetUSD | 89,411,000Source | 143,327,000Source | 149,749,000Source | 84,252,000Source |
| Assets, CurrentUSD | 448,723,000Source | 428,026,000Source | 425,606,000Source | 545,067,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 17,221,000Source | 27,019,000Source | 25,752,000Source | 12,093,000Source |
| Operating Lease, Right-of-Use AssetUSD | 17,336,000Source | 17,628,000Source | 19,507,000Source | 16,368,000Source |
| Other Assets, NoncurrentUSD | 12,150,000Source | 14,024,000Source | 9,661,000Source | 73,642,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 594,935,000Source | 563,972,000Source | 532,542,000Source | 371,980,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — |
| Common Stock, Value, IssuedUSD | 34,000Source | 33,000Source | 32,000Source | 31,000Source |
| Additional Paid in CapitalUSD | 1,543,797,000Source | 1,512,982,000Source | 1,481,241,000Source | 1,416,160,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,122,176,000Source | -1,092,958,000Source | -897,501,000Source | -791,165,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -17,174,000Source | -38,194,000Source | -25,614,000Source | -18,081,000Source |
| Stockholders' Equity Attributable to ParentUSD | 410,513,000Source | — | — | — |
| Liabilities and EquityUSD | 1,005,448,000Source | 951,867,000Source | 1,096,732,000Source | 984,957,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 488,341,000Source | 330,153,000Source | 403,410,000Source | 252,409,000Source |
| Operating Lease, Liability, CurrentUSD | 2,788,000Source | 3,039,000Source | 2,413,000Source | 1,934,000Source |
| Accounts Payable, CurrentUSD | 47,003,000Source | 64,940,000Source | 112,618,000Source | 44,985,000Source |
| Operating Lease, Liability, NoncurrentUSD | 14,476,000Source | 14,596,000Source | 17,087,000Source | 14,347,000Source |
| Other Liabilities, NoncurrentUSD | 37,100,000Source | 30,003,000Source | 24,861,000Source | 32,082,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 13,227,000Source | 41,062,000Source | 43,761,000Source | 28,997,000Source |
| Short-term InvestmentsUSD | — | 0Source | 5,634,000Source | 25,070,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -29,218,000Source | -195,457,000Source | -106,412,000Source | -158,200,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,072,000Source | 30,840,000Source | 64,971,000Source | 90,808,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 27,259,000Source | -8,791,000Source | 21,759,000Source | 38,924,000Source |
| Increase (Decrease) in InventoriesUSD | -27,089,000Source | 546,000Source | 74,406,000Source | 43,694,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | 68,576,000Source | 7,146,000Source |
| Deferred Income Tax Expense (Benefit)USD | -5,429,000Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 75,908,000Source | 2,814,000Source | -75,303,000Source | -53,928,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -16,045,000Source | -12,152,000Source | -165,605,000Source | -175,945,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 19,834,000Source | 27,721,000Source | 186,788,000Source | 150,880,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,683,000Source | 37,589,000Source | 33,041,000Source | 4,967,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 59,637,000Source | 21,412,000Source | -214,428,000Source | -233,492,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 169,238,000Source | 109,601,000Source | 88,189,000Source | 302,617,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 5,998,000Source | 7,440,000Source | 4,373,000Source | 5,135,000Source |
| Income Taxes Paid, NetUSD | 1,817,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,457,000Source | -6,839,000Source | -6,561,000Source | -8,586,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 16,778,000Source |
| Depreciation, NonproductionUSD | 32,358,000Source | 30,057,000Source | 22,141,000Source | 19,811,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 6,957,000Source | — | — | — |
| General and Administrative ExpenseUSD | 57,821,000Source | 81,486,000Source | 97,291,000Source | 104,572,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | -5,325,000Source | 0Source | 10,000Source | 33,000Source |
| InterestExpenseNonoperatingUSD | 4,903,000Source | 9,711,000Source | — | — |
| Inventory Write-downUSD | 1,215,000Source | 3,286,000Source | 3,613,000Source | 4,789,000Source |
| Net Income (Loss) Attributable to ParentUSD | -29,218,000Source | -195,457,000Source | -106,336,000Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 0Source | -76,000Source | — |
| Nonoperating Income (Expense)USD | 244,000Source | 156,000Source | -713,000Source | 944,000Source |
| Operating ExpensesUSD | 118,269,000Source | 238,300,000Source | 165,909,000Source | 170,691,000Source |
| Payments to Acquire InvestmentsUSD | — | — | 5,966,000Source | 25,070,000Source |
| Proceeds from Issuance of Common StockUSD | 28,750,000Source | — | — | — |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | — | — | 0Source | 0Source |
| Provision for Loan, Lease, and Other LossesUSD | 7,991,000Source | — | — | — |
| Stock or Unit Option Plan ExpenseUSD | 1,222,000Source | 2,001,000Source | 29,708,000Source | 88,845,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 427,516,000Source | 379,801,000Source | 306,617,000Source | 204,495,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 6,983,000Source | -116,090,000Source | -106,729,000Source | -159,946,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -34,543,000Source | -195,457,000Source | -106,402,000Source | -158,167,000Source |
| Income Tax Expense (Benefit)USD | -5,325,000Source | 0Source | 10,000Source | 33,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 0Source | 0Source | -76,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | -29,218,000Source | -195,457,000Source | -106,336,000Source | — |
| Earnings Per Share, BasicUSD per share | -0.09Source | -0.61Source | -0.34Source | -0.52Source |
| Earnings Per Share, DilutedUSD per share | -0.09Source | -0.61Source | -0.34Source | -0.52Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 324,689,242Source | 318,462,843Source | 310,909,379Source | 303,279,188Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 324,689,242Source | 318,462,843Source | 310,909,379Source | 303,279,188Source |
| Interest Expense (non-operating)USD | 4,903,000Source | 9,711,000Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 104,000Source | 0Source | 10,000Source | 33,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 6,957,000Source | — | — | — |
| General and Administrative ExpenseUSD | 57,821,000Source | 81,486,000Source | 97,291,000Source | 104,572,000Source |
| Gross ProfitUSD | 122,110,000Source | 119,552,000Source | 57,227,000Source | 9,073,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -97,831,000Source | -227,937,000Source | -101,077,000Source | -116,353,000Source |
| Interest ExpenseUSD | — | — | 2,628,000Source | 3,323,000Source |
| Interest Expense, DebtUSD | 1,628,000Source | 1,405,000Source | — | — |
| InterestExpenseOperatingUSD | 0Source | 2,248,000Source | — | — |
| Interest Income, OtherUSD | — | 3,000Source | 438,000Source | 70,000Source |
| Nonoperating Income (Expense)USD | 244,000Source | 156,000Source | -713,000Source | 944,000Source |
| Operating ExpensesUSD | 118,269,000Source | 238,300,000Source | 165,909,000Source | 170,691,000Source |
| Other Cost of Operating RevenueUSD | 272,899,000Source | — | — | — |
| Other General and Administrative ExpenseUSD | 2,058,000Source | 19,429,000Source | 43,831,000Source | 67,261,000Source |
| Research and Development ExpenseUSD | 34,109,000Source | 41,065,000Source | 45,004,000Source | 43,508,000Source |
| Selling and Marketing ExpenseUSD | 22,197,000Source | 22,576,000Source | 23,614,000Source | 22,611,000Source |