Company / R&D Expense
Microvast Holdings, Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$34.1M
FY2025
5-year range
$16.6M / $45.0M
FY2021-FY2025
Trend
-16.9%
vs FY2024
Sector context
#123 of 174
Industrials
What the data says
At $34M, Microvast Holdings, Inc.'s r&d expense ranks #123 of 174 in the Industrials sector. R&D Expense has fluctuated over the past 7 years, ranging from $17M in FY2022 to $45M in FY2023.
Based on SEC 10-K filings.
$34M in FY2025 with a 5-year CAGR of +15.4%.
Declined from $45M to $34M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +27.0%
- 5-Year CAGR
- +15.4%
- 10-Year CAGR
- -
Sector benchmark
#123 of 174 in IndustrialsTop 71% of 174This company $34.1M Sector average $273.7M
▼
-87.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +15.4%, indicating consistent growth.
- In FY2025, r&d expense decreased 16.9% year-over-year.
- Ranks #123 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $34.1M | -16.9% |
| FY2024 | $41.1M | -8.8% |
| FY2023 | $45.0M | +170.5% |
| FY2022 | $16.6M | -51.6% |
| FY2021 | $34.4M | +106.7% |
| FY2020 | $16.6M | -36.0% |
| FY2019 | $26.0M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026