# Microvast Holdings, Inc.: overview

MVST · Nasdaq · CIK 1760689 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mvst.md) · [Financials](/companies/mvst/financials.md) · [Filings](/companies/mvst/filings.md) · [Insiders](/companies/mvst/insiders.md)

Latest reported revenue: [$87.3m](/filings/0001628280-26-055372.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:Revenues, accession 0001628280-26-055372).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [101](/filings/0001628280-25-051119.md) | [113 d](/filings/0001628280-26-018264.md) | [116](/filings/0001760689-25-000018.md) | [91.3](/filings/0001628280-25-039643.md) | [123](/filings/0001628280-25-051119.md) | [96.4 d](/filings/0001628280-26-018264.md) | [60.6](/filings/0001628280-26-033590.md) | [87.3](/filings/0001628280-26-055372.md) |
| Gross margin | % | [33.2%](/filings/0001628280-25-051119.md) | [36.6% d](/filings/0001628280-26-018264.md) | [36.9%](/filings/0001628280-26-033590.md) | [34.7%](/filings/0001628280-26-055372.md) | [37.6%](/filings/0001628280-25-051119.md) | [1.0% d](/filings/0001628280-26-018264.md) | [31.6%](/filings/0001628280-26-033590.md) | [29.5%](/filings/0001628280-26-055372.md) |
| Operating margin | % | [7.1%](/filings/0001628280-25-051119.md) | [(1.2%) d](/filings/0001628280-26-018264.md) | [13.1%](/filings/0001628280-26-033590.md) | [9.9%](/filings/0001628280-26-055372.md) | [10.5%](/filings/0001628280-25-051119.md) | [(42.7%) d](/filings/0001628280-26-018264.md) | [(13.1%)](/filings/0001628280-26-033590.md) | [(2.0%)](/filings/0001628280-26-055372.md) |
| Net margin | % | [13.1%](/filings/0001628280-25-051119.md) | [(72.6%) d](/filings/0001628280-26-018264.md) | [53.0%](/filings/0001760689-25-000018.md) | [(116.1%)](/filings/0001628280-26-055372.md) | [(1.2%)](/filings/0001628280-25-051119.md) | [17.2% d](/filings/0001628280-26-018264.md) | [79.5%](/filings/0001628280-26-033590.md) | [(13.7%)](/filings/0001628280-26-055372.md) |
| Diluted EPS | $ per share | [0.03](/filings/0001628280-25-051119.md) | not reported | [0.05](/filings/0001628280-26-033590.md) | [(0.33)](/filings/0001628280-26-055372.md) | [0.00](/filings/0001628280-25-051119.md) | not reported | [(0.04)](/filings/0001628280-26-033590.md) | [(0.03)](/filings/0001628280-26-055372.md) |
| Free cash flow | $m | [(19.6) d](/filings/0001760689-25-000006.md) | [5.7 d](/filings/0001628280-26-018264.md) | [4.8](/filings/0001628280-26-033590.md) | [34.3 d](/filings/0001628280-26-055372.md) | [1.2 d](/filings/0001628280-25-051119.md) | [15.8 d](/filings/0001628280-26-018264.md) | [(25.7)](/filings/0001628280-26-033590.md) | [(21.8) d](/filings/0001628280-26-055372.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [152](/filings/0001760689-24-000007.md) | [204](/filings/0001760689-25-000010.md) | [307](/filings/0001628280-26-018264.md) | [380](/filings/0001628280-26-018264.md) | [428](/filings/0001628280-26-018264.md) |
| Gross margin | % | [(28.1%)](/filings/0001760689-24-000007.md) | [4.4%](/filings/0001760689-25-000010.md) | [18.7%](/filings/0001628280-26-018264.md) | [31.5%](/filings/0001628280-26-018264.md) | [28.6%](/filings/0001628280-26-018264.md) |
| Operating margin | % | [(127.7%)](/filings/0001760689-24-000007.md) | [(78.2%)](/filings/0001760689-25-000010.md) | [(34.8%)](/filings/0001628280-26-018264.md) | [(30.6%)](/filings/0001628280-26-018264.md) | [1.6%](/filings/0001628280-26-018264.md) |
| Net margin | % | [(135.9%)](/filings/0001760689-24-000007.md) | [(77.4%)](/filings/0001760689-25-000010.md) | [(34.7%)](/filings/0001628280-26-018264.md) | [(51.5%)](/filings/0001628280-26-018264.md) | [(6.8%)](/filings/0001628280-26-018264.md) |
| Diluted EPS | $ per share | [(1.26)](/filings/0001760689-24-000007.md) | [(0.52)](/filings/0001760689-25-000010.md) | [(0.34)](/filings/0001628280-26-018264.md) | [(0.61)](/filings/0001628280-26-018264.md) | [(0.09)](/filings/0001628280-26-018264.md) |
| Free cash flow | $m | [(133)](/filings/0001760689-24-000007.md) | [(205)](/filings/0001760689-25-000010.md) | [(262)](/filings/0001628280-26-018264.md) | [(24.9)](/filings/0001628280-26-018264.md) | [56.1](/filings/0001628280-26-018264.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mvst/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $19.3m | 16,536,629 |  | Added +1,141,513 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.2m | 8,721,048 |  | Added +81,060 |
| [Legal & General Group Plc](/funds/764068.md) | 2026-06-30 | $9.7m | 8,279,518 |  | Added +8,136,714 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $8.9m | 7,613,487 |  | Added +2,233,508 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $6.5m | 5,548,956 |  | Added +547,598 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $5.7m | 4,868,071 |  | Added +1,563,413 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $5.6m | 4,979,348 |  | Added +4,792,543 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $2.1m | 1,825,175 |  | Added +188,807 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $2.0m | 1,680,003 |  | Reduced −300,194 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $1.9m | 1,661,902 |  | Reduced −1,673,595 |

## Recent filings

[All 393 filings](/companies/mvst/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-09 | 21:20 ET | [DEF 14A](/filings/0001104659-26-115103.md) | Proxy statement, period 2026-11-30 | 0001104659-26-115103 |
| 2026-08-31 | 20:46 ET | [8-K](/filings/0000947871-26-000854.md) | 3.01 Delisting notice | 0000947871-26-000854 |
| 2026-08-11 | 01:20 ET | [8-K](/filings/0001628280-26-055471.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-055471 |
| 2026-08-10 | 21:26 ET | [10-Q](/filings/0001628280-26-055372.md) | Quarterly report, period 2026-06-30 | 0001628280-26-055372 |
| 2026-08-07 | 21:18 ET | [8-K](/filings/0000947871-26-000756.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0000947871-26-000756 |
| 2026-05-28 | 21:26 ET | [8-K](/filings/0000947871-26-000585.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events; 9.01 Financial statements and exhibits | 0000947871-26-000585 |
| 2026-05-11 | 20:38 ET | [8-K](/filings/0001628280-26-033601.md) | 2.02 Results of operations | 0001628280-26-033601 |
| 2026-05-11 | 20:37 ET | [10-Q](/filings/0001628280-26-033590.md) | Quarterly report, period 2026-03-31 | 0001628280-26-033590 |
| 2026-03-16 | 21:21 ET | [10-K](/filings/0001628280-26-018264.md) | Annual report, period 2025-12-31 | 0001628280-26-018264 |
| 2026-03-16 | 20:41 ET | [8-K](/filings/0001628280-26-018235.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-018235 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-018264.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/7c20cf64-b787-4cc6-b557-b00bc65ce63a)

## About the filer

- CIK: 1760689
- Tickers: MVST
- Exchange: Nasdaq
- SIC code: 3690 Miscellaneous Electrical Machinery, Equipment & Supplies
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.