Microvast Holdings, Inc.
MVST Nasdaq· Miscellaneous Electrical Machinery, Equipment & Supplies
Last close · Oct 23, 2026
$0.50
KIRA · Stoqly’s AI analyst, in plain words
- Microvast Holdings, Inc. had $428M of revenue in fiscal 2025, up 12.6% on the year before. Over five years, revenue changed +31.8% a year on average.
- Its operating margin was 1.6%, up 32.2 pts: of every 100 in sales, about 2 is left after running the business.
- Microvast Holdings, Inc. lost $29.2M in fiscal 2025.
- Free cash flow was $56.1M in fiscal 2025, 13.1% of revenue.
- Microvast Holdings, Inc. owes $1.3M more than it holds in cash.
Market cap
$174M
P/E
4.2x
Revenue
$428M
Net income
−$29.2M
Free cash flow
$56.1M
Operating margin
1.6%
Microvast Holdings, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+12.6%
Yes. Sales grew 12.6% last year.
Does it make a profit?
−6.8%
No. It lost money last year.
Does profit turn into cash?
13.1%
Yes. 13.1% of sales ends up as free cash.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
4.2x
One share costs 4.2 times its yearly profit per share.
What Microvast Holdings, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 16, 2026
- Legal name
- Microvast Holdings, Inc.
- CIK
- 0001760689
Microvast Holdings, Inc. · MVST
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $152M | $204M | $307M | $380M | $428M |
| Revenue growth | 41.3% | 34.6% | 49.9% | 23.9% | 12.6% |
| Gross margin | −28.1% | 4.4% | 18.7% | 31.5% | 28.6% |
| Operating margin | −127.7% | −78.2% | −34.8% | −30.6% | 1.6% |
| Net income | −$206M | −$158M | −$106M | −$195M | −$29.2M |
| Net margin | −135.9% | −77.4% | −34.7% | −51.5% | −6.8% |
| Diluted EPS | −$1.26 | −$0.52 | −$0.34 | −$0.61 | −$0.09 |
| Cash | |||||
| Cash from operations | −$45.0M | −$53.9M | −$75.3M | $2.8M | $75.9M |
| Capital expenditure | $87.9M | $151M | $187M | $27.7M | $19.8M |
| Free cash flow | −$133M | −$205M | −$262M | −$24.9M | $56.1M |
| FCF margin | −87.4% | −100.2% | −85.5% | −6.6% | 13.1% |
| Share count change | 87.7% | 63.1% | 2.5% | 2.4% | 2.0% |
| Debt and strength | |||||
| Cash and short-term investments | $481M | $256M | $50.2M | $73.0M | $105M |
| Debt incl. finance leases | $13.3M | $46.4M | $79.2M | $112M | $106M |
| Shareholders' equity | $687M | $613M | $564M | $388M | $411M |
| Current ratio | 4.0x | 2.2x | 1.1x | 1.3x | 0.9x |
| Interest coverage | −35.9x | −48.1x | −40.6x | −12.0x | 1.4x |
| Returns and quality | |||||
| Return on capital | −70.0% | −31.4% | −14.2% | −21.5% | 1.3% |
| Return on equity | −59.7% | −24.3% | −18.1% | −41.1% | −7.3% |
| Return on tangible equity | −30.2% | −25.9% | −19.0% | −50.7% | −7.2% |
| Piotroski F-score | 3 | 4 | 4 | 5 | 5 |
| Altman Z'' | 2.5 | −0.0 | −2.1 | −3.2 | −3.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.2M
5 insiders
Of sales under plans
25%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Microvast Holdings, Inc. · MVST
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.50 a share, the company is worth $174M: 4.2 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001760689). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.