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MVSTMicrovast Holdings, Inc.
$1.12$373M
Overview & Verdict
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MVST logoMicrovast Holdings, Inc.(MVST)Earnings, Financials & Key Ratios

MVST•NASDAQ
$1.20
Price updated Jul 2, 2026
SectorIndustrialsIndustryElectrical EquipmentSub-IndustryBattery Packs and Energy Storage Systems
AboutMicrovast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks in the United States and internationally. The company was incorporated in 2006 and is based in Stafford, Texas.Show more
  • Revenue$428M+12.6%
  • EBITDA$74M+186.4%
  • Net Income-$29M+85.1%
  • EPS (Diluted)-0.09+85.2%
  • Gross Margin36.17%+14.9%
  • EBITDA Margin17.22%+176.7%
  • Operating Margin9.47%+131.0%
  • Net Margin-6.83%+86.7%
  • ROE-7.32%+82.2%

MVST Price & Volume

Microvast Holdings, Inc. (MVST) stock price & volume — 10-year historical chart

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Structural Revenue Volatility Masks Persistent Operational Fragility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Regulatory and Funding Uncertainty

Key Thesis Takeaways

  • Microvast faces a challenging outlook characterized by significant revenue instability, evidenced by a 48% year-over-year decline in 2026Q1, and persistent difficulties in achieving sustainable operating profitability.
  • While the company maintains a 31.6% gross margin, its reliance on capital-intensive manufacturing and the recent loss of a $200 million Department of Energy grant create substantial regulatory and liquidity risks.
  • Investors should remain cautious as the company struggles to convert its $987.5 million asset base into consistent free cash flow while managing a $1.1 billion accumulated deficit.

Verdict Logic

the company's inability to maintain a current ratio above 1.0 and its reliance on non-operating items to mask an operating loss of $7.9 million in 2026Q1 suggest significant fundamental risks.

MVST Growth Metrics

Microvast Holdings, Inc. (MVST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years31.79%
3 Years27.87%
TTM-10.44%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM67.57%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM76.21%

Return on Capital

10 Years-28556.63%
5 Years-16.68%
3 Years-8.51%
Last Year7.11%

MVST Recent Earnings

Microvast Holdings, Inc. (MVST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 11, 2026
Metric
Actual
Est
EPS
$0.04-180.0%
$0.05
Rev
$61M-38.8%
$99M
Q2 2026
Mar 16, 2026
Metric
Actual
Est
EPS
$0.11-650.0%
$0.02
Rev
$96M-26.6%
$131M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.04+100.0%
$0.02
Rev
$123M-7.8%
$134M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.05+400.0%
$0.01
Rev
$91M-15.2%
$108M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 11, 2026
$0.04vs $0.05-180.0%
$61Mvs $99M-38.8%
Q2 2026Mar 16, 2026
$0.11vs $0.02-650.0%
$96Mvs $131M-26.6%
Q4 2025Nov 10, 2025
$0.04vs $0.02+100.0%
$123Mvs $134M-7.8%
Q3 2025Aug 11, 2025
$0.05vs $0.01+400.0%
$91Mvs $108M-15.2%
Based on last 12 quarters of dataView full earnings history →

Latest MVST News

Recent stock market news and headlines for Microvast Holdings, Inc. (MVST)

Newsfile Corp·Jun 23, 2026
MVST Introduces ZERO, a Rivet-Free Aluminum Carry-On Designed as a New Expression of Modern Travel

Dover, Delaware--(Newsfile Corp. - June 23, 2026) - MVST today announced the launch of the ZERO Collection, an aluminum-magnesium carry-on. The rivet started out as a structural part of aluminum luggage, fastening the shell to the frame.

Peers Comparison

Key metrics vs top competitors for Microvast Holdings, Inc. (MVST)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MVST logoMVSTMicrovast Holdings, Inc.Current
$1.20$399.79M-13.3312.56%-6.83%-7.32%—
SES logoSESSES AI Corporation
$0.96$308.64M-4.35929.41%-331.72%-32.48%—
SLDP logoSLDPSolid Power, Inc.
$2.59$562.8K-5.087.98%-485.47%-21.56%—
QS logoQSQuantumScape Corporation
$7.61$4.66B-10.01——-37.3%—
CBAT logoCBATCBAK Energy Technology, Inc.
$0.60$52.79M-5.9610.52%-7.43%-0.06%—
NRGV logoNRGVEnergy Vault Holdings, Inc.
$4.47$773.2M-6.88340.86%-52.97%-146.8%—

Compare MVST vs Peers

Microvast Holdings, Inc. (MVST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SES

Most directly comparable listed peer for MVST.

Scale Benchmark

vs ALB

Larger-name benchmark to compare MVST against a more recognizable public peer.

Peer Set

Compare Top 5

vs SES, SLDP, QS, CBAT

MVST SEC Filings & Documents

Microvast Holdings, Inc. (MVST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 11, 2026·SEC

Material company update

Mar 16, 2026·SEC

Material company update

Jan 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 16, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Apr 1, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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MVST Frequently Asked Questions

Microvast Holdings, Inc. (MVST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Microvast Holdings, Inc.'s revenue?

Microvast Holdings, Inc. (MVST) reported $371.6M in revenue for fiscal year 2025. This represents a 113% increase from $174.2M in 2018.

How fast is Microvast Holdings, Inc. growing?

Microvast Holdings, Inc. (MVST) grew revenue by 12.6% over the past year. This is steady growth.

Is MVST profitable?

Microvast Holdings, Inc. (MVST) reported a net loss of $42.8M for fiscal year 2025.

Dividend & Returns
What is MVST's return on equity?

Microvast Holdings, Inc. (MVST) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.

What is Microvast Holdings, Inc.'s free cash flow?

Microvast Holdings, Inc. (MVST) generated $32.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MVST back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →