Microvast Holdings, Inc. Cost of Revenue History
MVST / Industrials|6 years of SEC 10-K data (FY2019-FY2024)
$260M in FY2024 with a 5-year CAGR of +27.7%.
Increased from $195M to $260M over the past 2 years.
Among 246 Industrials companies, Microvast Holdings, Inc. is in the top 9% for cost of revenue. Cost of Revenue has increased for 5 consecutive years, from $77M in FY2019 to $260M in FY2024.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.38 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +10.2%
- 5-Year CAGR
- +27.7%
- 10-Year CAGR
- -
Cost of Revenue Trend
Top 9% in IndustrialsTop 9% of 246This company $260.2M Sector average $4.3B
▼
-94.0% below sector average
Key Insights
- Microvast Holdings, Inc.'s cost of revenue has grown for 5 consecutive years.
- 5-year CAGR of +27.7%, indicating consistent growth.
- In FY2024, cost of revenue increased 4.4% year-over-year.
- Ranks #223 out of 246 companies in the Industrials sector.
Annual Data
| Year | Cost of Revenue | YoY Growth |
|---|---|---|
| FY2024 | $260.2M | +4.4% |
| FY2023 | $249.4M | +27.6% |
| FY2022 | $195.4M | +0.4% |
| FY2021 | $194.7M | +115.4% |
| FY2020 | $90.4M | +17.9% |
| FY2019 | $76.7M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026