NASDAQ:MVST
Microvast Holdings, Inc.
Microvast Holdings, Inc.'s revenue grew 12.6% in fiscal 2025 to $427.5M while operating margin rose to 1.6%, its highest in 7 years. Free cash flow was $56.1M, 13.1% of revenue, and the diluted share count rose 2.0%.Summary generated from Microvast Holdings, Inc.'s SEC filings. Latest annual report filed Mar 16, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$427.5M
Revenue growth+12.6%
Revenue, 5-yr CAGR+31.8%
Gross margin28.6%
Operating margin1.6%
Net margin−6.8%
ROIC1.3%
Return on equity−7.3%
Debt / equity0.26
Free cash flow$56.1M
FCF margin13.1%
Share count change+2.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 152 | 204 | 307 | 380 | 428 |
| Operating income | −194 | −160 | −107 | −116 | 7 |
| Net income | −206 | −158 | −106 | −195 | −29 |
| Free cash flow | −133 | −205 | −262 | −25 | 56 |
Recent filings
- DEF 14AProxy statement
Oct 9, 2026 - 8-KNotice of delisting or listing-rule failure
Aug 31, 2026 - 8-KResults of operations and financial condition
Aug 11, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KDirector or officer change
Aug 7, 2026 - 4Insider transaction report
Jun 12, 2026 - 4Insider transaction report
Jun 12, 2026 - 8-KDirector or officer change
May 28, 2026