Microvast Holdings, Inc. R&D Expense History
MVST / Industrials|6 years of SEC 10-K data (FY2019-FY2024)
$41M in FY2024 with a 5-year CAGR of +9.6%.
Declined from $44M to $41M over the past 2 years.
At $41M, Microvast Holdings, Inc.'s r&d expense ranks #115 of 173 in the Industrials sector. Declined from $44M to $41M over the past 2 years.
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
- +6.1%
- 5-Year CAGR
- +9.6%
- 10-Year CAGR
- -
R&D Expense Trend
#115 of 173 in IndustrialsTop 66% of 173This company $41.1M Sector average $273.2M
▼
-85.0% below sector average
Key Insights
- 5-year CAGR of +9.6%, indicating consistent growth.
- In FY2024, r&d expense decreased 8.8% year-over-year.
- Ranks #115 out of 173 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2023.
Annual Data
| Year | R&D Expense | YoY Growth |
|---|---|---|
| FY2024 | $41.1M | -8.8% |
| FY2023 | $45.0M | +3.4% |
| FY2022 | $43.5M | +26.5% |
| FY2021 | $34.4M | +106.7% |
| FY2020 | $16.6M | -36.0% |
| FY2019 | $26.0M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026