Microvast Holdings, Inc.

Microvast Holdings, Inc.

MVSTW
Microvast Holdings, Inc.US flagNASDAQ Global Select
0.01
USD
+0.00
- -
3.95MMarket Cap
Microvast Holdings, Inc.
MVSTW
(NASDAQ Global Select)

Recent

price

0.01

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
76
108
152
204
307
380
428
372
Sales/Revenue/Turnover
-70.47
-27.07
-127.69
-77.34
-34.64
-6.03
2.6
-4.24
Operating Margin (%)
15
17
21
20
23
31
33
33
Depreciation Expense
-73
-50
-216
-158
-106
-195
-29
-43
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-94.97
-46.09
-142.13
-77.36
-34.68
-51.46
-6.83
-11.52
Profit Margin (%)
- -
6
531
293
22
98
-40
-18
Working Capital
- -
73
73
87
104
203
69
42
LT Debt
- -
-294
687
613
564
388
411
466
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
4.77
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
338
315
284
LT Borrowings
76
55
28
LT Finance Leases
15
14
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
324
332
333
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
445
449
426
Cash, Cash Equivalents & STI
91
105
126
Accounts Receivable, Net
149
156
124
Inventories
127
89
95
Total Current Liabilities
530
488
444
Payables & Accruals
128
111
111
ST Debt
338
315
284
Deferred Revenue
6
41
28

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-75.57%
5.83%
Free Cash Flow
- -
773.77%
-325.13%
Net Income, GAAP
- -
55.03%
-85.05%
Sales/Revenue/Turnover
- -
32.46%
12.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
81
84
101
113
380
2025
116
91
123
96
428
2026
61
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Microvast Holdings, Inc. specializes in the design, development, and manufacture of fast-charging lithium-ion battery solutions primarily for commercial electric vehicles and energy storage systems. The company's core product portfolio includes high-performance battery cells such as MpCO and HnCO with advanced chemistries offering high energy density, long cycle life, fast charging capabilities, and thermal stability; battery modules with integrated battery management systems for commercial vehicle OEMs and energy storage integrators; and complete battery packs/systems tailored for electric buses, trucks, specialty vehicles, and grid storage applications. Microvast also develops proprietary battery components including separators and electrolytes as part of its vertically integrated manufacturing process spanning research, chemistry R&D, cell assembly, and pack integration across facilities in China (Huzhou), Germany (Ludwigsfelde), and the United States (Clarksville, Tennessee), where it is expanding capacity aimed at the North American commercial EV market. Founded in 2006 and headquartered in Stafford, Texas, Microvast has evolved to become a global leader in advanced battery technologies focused on clean energy solutions for transportation and stationary storage. The company operates with a strong emphasis on innovation reflected in its portfolio of over 775 patents, and its technology strategy uniquely balances immediate revenue generation from established lithium-ion lines with concurrent advances in all-solid-state battery (ASSB) technology, advancing separator membranes and silicon-enhanced cells for longevity and safety. Recent major developments include a strategic $125 million equity raise in late 2025 to fund capacity expansions and new product launches, the unveiling of next-generation MV-B and MV-C battery packs that deliver approximately 20% more energy and power in similar dimensions with high compatibility for existing powertrains, and the advancement of a breakthrough all-solid-state battery technology enhancing ionic conductivity and durability. Financially, Microvast reported significant revenue growth with a 2025 year-to-date revenue around $331 million, up over 24% year-over-year, and improved profitability metrics including positive adjusted EBITDA and expanding gross margin targets of 32-35%. The company continues scaling production in key facilities such as the Huzhou Phase 3.2 and Clarksville sites and is securing strategic OEM partnerships internationally, particularly targeting growth in the commercial vehicle sector across North America, Europe, and Asia. Microvast operates primarily within the clean energy storage and electric vehicle battery sectors, serving commercial fleets, specialty vehicles, and grid energy markets globally. It leverages a vertically integrated business model to maintain control over the entire battery supply chain and is focused on enhancing sustainability, cost efficiency, and product customization to meet diverse application requirements. In summary, Microvast Holdings, Inc. is a publicly traded Nasdaq-listed innovator headquartered in Texas, with a global manufacturing and commercial footprint, delivering advanced lithium-ion and next-generation battery solutions for electrified transportation and energy storage, supported by recent strategic capital raises, product innovations, and operational expansions to drive future growth in the electrification ecosystem.