Microvast Holdings, Inc. Income Statement
MVST / Industrials|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Microvast Holdings, Inc. reported $428M in revenue and $29M in net loss for FY2025. Revenue has grown at a 33.2% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.24 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $427.5M | $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 | $122.1M | $119.6M | $57.2M | $9.1M | -$42.7M | $17.1M | -$231.0K |
| SG&A Expense | $57.8M | $81.5M | $96.8M | $102.8M | $101.6M | $18.8M | $15.2M |
| R&D Expense | $34.1M | $41.1M | $45.0M | $43.5M | $34.4M | $16.6M | $26.0M |
| Operating Income | $7.0M | -$116.1M | -$106.7M | -$159.9M | -$194.1M | -$29.1M | -$53.9M |
| Interest Expense | $1.6M | $1.4M | $639.0K | $3.3M | $5.4M | $5.7M | $6.4M |
| Income Tax | -$5.3M | $0 | $10.0K | $33.0K | $0 | $1.0K | $189.0K |
| Net Income | -$29.2M | -$195.5M | -$106.3M | -$158.2M | -$206.5M | -$33.6M | -$59.7M |
| EPS (Basic) | -$0.34 | -$0.61 | -$0.34 | -$0.52 | - | -$0.82 | - |
| EPS (Diluted) | -$0.34 | -$0.61 | -$0.34 | -$0.52 | -$1.17 | -$0.82 | - |
| Shares Outstanding | 323.1M | 323.1M | 315.0M | 307.6M | 99.0M | 99.0M | 99.0M |
| Gross Margin | 28.6% | 31.5% | 18.7% | 4.4% | -28.1% | 15.9% | -0.3% |
| Operating Margin | 1.6% | -30.6% | -34.8% | -78.2% | -127.7% | -27.1% | -70.5% |
| Profit Margin | -6.8% | -51.5% | -34.7% | -77.4% | -135.9% | -31.3% | -78.1% |