MVST
Company Description
Microvast Holdings, Inc. is a company that designs, develops, and manufactures advanced battery systems tailored for electric vehicles (EVs) and stationary energy storage. The company showcases vertical integration by also producing key battery components, including cathodes, anodes, electrolytes, and separators. Their product offerings feature a diverse selection of cell chemistries, such as lithium titanate oxide (LTO), lithium iron phosphate (LFP), and both first and second-generation nickel manganese cobalt (NMC). Microvast's battery solutions are utilized across a broad spectrum of commercial vehicle markets worldwide, encompassing buses, trains, mining trucks, marine and port equipment, automated guided vehicles (AGVs), specialty vehicles, and light, medium, and heavy-duty trucks. Established in 2006, the company's base of operations is in Stafford, Texas.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 427.52M | 379.80M | 306.62M | 204.50M | 151.98M | 107.52M | 76.43M | 174.24M |
| Net Income | (29.22M) | (195.46M) | (106.34M) | (158.20M) | (216.01M) | (49.55M) | (72.59M) | (100.03M) |
| EPS | -0.09 | -0.61 | -0.34 | -0.52 | -1.26 | -0.27 | -0.38 | -161.90 |
| Free Cash Flow | 56.07M | (24.91M) | (262.09M) | (204.81M) | (132.90M) | (3.09M) | (6.89M) | (29.81M) |
| FCF / Share | 0.17 | -0.08 | -0.84 | -0.68 | -0.71 | -0.01 | -0.02 | -48.25 |
| Operating CF | 75.91M | 2.81M | (75.30M) | (53.93M) | (45.04M) | 15.56M | 13.37M | (342) |
| Total Assets | 1.01B | 951.87M | 1.10B | 984.96M | 995.29M | 404.51M | 280.50M | 101,200 |
| Total Debt | 384.49M | 328.89M | 205.18M | 175.00M | 147.40M | 151.03M | 150.15M | 75,342 |
| Cash & Equiv | 104.96M | 73.01M | 82.02M | 231.42M | 480.93M | 21.50M | 27.98M | 17,500 |
| Book Value | 410.51M | 387.89M | 564.19M | 612.98M | 686.70M | (75.47M) | (20.75M) | 25,408 |
| Return on Equity | -0.07 | -0.50 | -0.19 | -0.26 | -0.31 | N/A | N/A | -3937.07 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 60.61M | 96.40M | 123.29M | 91.34M | 116.49M | 113.39M | 101.39M | 83.67M | 81.35M | 104.58M | 80.12M | 74.95M |
| Net Income | 48.21M | 16.54M | (1.49M) | (106.06M) | 61.79M | (105.44M) | 13.25M | (101.56M) | (24.82M) | (24.54M) | (26.13M) | (26.09M) |
| EPS | 0.15 | 0.05 | -0.00 | -0.33 | 0.19 | -0.33 | 0.04 | -0.32 | -0.08 | -0.08 | -0.08 | -0.08 |
| Free Cash Flow | 1.39M | (4.04M) | 1.18M | 34.29M | 4.82M | 5.75M | (19.61M) | (2.83M) | (8.21M) | (60.73M) | (89.29M) | (87.55M) |
| FCF / Share | 0.00 | -0.01 | 0.00 | 0.11 | 0.01 | 0.02 | -0.06 | -0.01 | -0.03 | -0.19 | -0.29 | -0.28 |
| Operating CF | 4.25M | (3.40M) | 15.16M | 37.15M | 7.17M | 6.10M | (5.43M) | 111,000 | 2.03M | (27.52M) | (29.34M) | (29.84M) |
| Total Assets | 987.50M | 1.01B | 1.01B | 1.00B | 982.93M | 951.87M | 1.02B | 984.56M | 1.04B | 1.10B | 1.02B | 997.67M |
| Total Debt | 325.98M | 384.49M | 429.07M | 403.28M | 296.34M | 328.89M | 263.01M | 218.70M | 209.34M | 205.18M | 158.24M | 164.10M |
| Cash & Equiv | 126.13M | 104.96M | 90.75M | 138.82M | 90.90M | 73.01M | 63.59M | 102.92M | 39.45M | 82.02M | 67.40M | 142.77M |
| Book Value | 466.11M | 410.51M | 358.11M | 356.13M | 454.24M | 387.89M | 509.20M | 478.10M | 546.15M | 564.19M | 565.35M | 577.67M |
| Return on Equity | 0.10 | 0.04 | -0.00 | -0.30 | 0.14 | -0.27 | 0.03 | -0.21 | -0.05 | -0.04 | -0.05 | -0.05 |
