Microvast Holdings, Inc. Income Statement
MVST / Industrials|6 years of annual SEC 10-K data (FY2019-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 6 fiscal years. All figures from audited SEC 10-K filings.
Microvast Holdings, Inc. reported $380M in revenue and $195M in net loss for FY2024. Revenue has grown at a 37.8% compound annual rate over the past 5 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Conservative debt: Debt-to-equity ratio of 0.11
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | $379.8M | $306.6M | $204.5M | $152.0M | $107.5M | $76.4M |
| Cost of Revenue | $260.2M | $249.4M | $195.4M | $194.7M | $90.4M | $76.7M |
| Gross Profit | $119.6M | $57.2M | $9.1M | -$42.7M | $17.1M | -$231.0K |
| SG&A Expense | $81.5M | $96.8M | $102.8M | $101.6M | $18.8M | $15.2M |
| R&D Expense | $41.1M | $45.0M | $43.5M | $34.4M | $16.6M | $26.0M |
| Operating Income | -$116.1M | -$106.7M | -$159.9M | -$194.1M | -$29.1M | -$53.9M |
| Interest Expense | $1.4M | $639.0K | $3.3M | $5.4M | $5.7M | $6.4M |
| Income Tax | $0 | $10.0K | $33.0K | $0 | $1.0K | $189.0K |
| Net Income | -$195.5M | -$106.3M | -$158.2M | -$206.5M | -$33.6M | -$59.7M |
| EPS (Basic) | -$0.61 | -$0.34 | -$0.52 | -$1.26 | -$0.82 | - |
| EPS (Diluted) | -$0.61 | -$0.34 | -$0.52 | -$1.26 | -$0.82 | - |
| Shares Outstanding | 318.5M | 310.9M | 303.3M | 185.9M | 99.0M | 99.0M |
| Gross Margin | 31.5% | 18.7% | 4.4% | -28.1% | 15.9% | -0.3% |
| Operating Margin | -30.6% | -34.8% | -78.2% | - | -27.1% | -70.5% |
| Profit Margin | -51.5% | -34.7% | -77.4% | -135.9% | -31.3% | -78.1% |