Microvast Holdings, Inc. (MVST)
Microvast Holdings, Inc. brought in $290.1M of revenue over the twelve months to September 30, 2026, down 34.7% from a year earlier. It posted a net loss of $24M. Operating cash flow minus capital spending left $56.1M of free cash flow in fiscal 2025. At September 30, 2026 it held $84.8M in cash against $14.5M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about Microvast Holdings, Inc.
- Net worth
- Microvast Holdings, Inc. has a market value (market cap) of $237.5M at the latest share price, and shareholders' equity of $472.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $427.5M (+12.6% year on year), with a net loss of $29.2M. Over the 12 months to September 30, 2026: revenue $290.1M, net loss $24M.
- Cash flow
- In fiscal 2025 operations brought in $75.9M of cash; after $19.8M of capital spending, free cash flow was $56.1M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Microvast Holdings, Inc.'s next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Microvast Holdings, Inc. does
Microvast Holdings, Inc. is registered with the SEC under industry code SIC 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies). Its shares trade on NASDAQ under the ticker MVST.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $427.5M | -$29.2M | -$0.09 | $56.1M |
| 2024 | $379.8M | -$195.5M | -$0.61 | -$24.9M |
| 2023 | $306.6M | -$106.3M | -$0.34 | -$262.1M |
| 2022 | $204.5M | -$158.2M | -$0.52 | -$204.8M |
| 2021 | $152M | -$206.5M | -$1.26 | -$132.9M |
| 2020 | $107.5M | -$2.4M | -$0.82 | -$3.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where MVST ranks in Other
Latest SEC filings
What Microvast Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 63% to $45.8M versus the same quarter last year; diluted EPS -$0.20 versus $0.00.
- November 9, 2026
- October 9, 2026Additional proxy material DEFA14A
- October 9, 2026Form DEFR14A filing DEFR14A
- October 9, 2026Proxy statement DEF 14A
- August 31, 2026
- August 11, 2026
- August 10, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 4.5% to $87.3M versus the same quarter last year; diluted EPS -$0.03 versus -$0.33.
- August 7, 2026
- July 22, 2026Delisting notice 25-NSE
What is MVST worth? A DCF from its reported cash flow
Insider trades
What the people running Microvast Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 10, 2026 | Mattis WenjuanChief Technology Officer | Sold | 4,705 | $5.2K |
| June 9, 2026 | Wu YangChief Executive Officer, Director, 10% owner | Sold | 46,313 | $57.4K |
| June 9, 2026 | Tushe IsidaPres., Gen. Couns. & Corp. Sec, Director | Sold | 6,403 | $7.9K |
| May 28, 2026 | Wu YangChief Executive Officer, Director, 10% owner | Exercised options | 50,000,000 | $25M |
| May 18, 2026 | Mattis WenjuanChief Technology Officer | Sold | 48,346 | $63.8K |
| April 1, 2026 | Wong Arthur Lap TatDirector | Received as pay | 20,000 | - |
| April 1, 2026 | Pan YixinDirector | Received as pay | 20,000 | - |
| April 1, 2026 | Ying WeiDirector | Received as pay | 20,000 | - |
Who owns MVST
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Yang Wu13D, may seek influence | 37.1% | November 21, 2024 |
| CDH Griffin Holdings Company Limited13G, passive with 9 related filers | 11.3% | February 13, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 158 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 16,536,629 | +1,141,513 |
| Vanguard Capital Management LLC | 8,721,048 | +81,060 |
| Legal & General Group Plc | 8,279,518 | +8,136,714 |
| State Street Corp | 7,613,487 | +2,233,508 |
| Geode Capital Management, LLC | 5,548,956 | +547,598 |
| Millennium Management LLC | 4,868,071 | +1,563,413 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 4,979,348 | +4,792,543 |
| Northern Trust Corp | 1,825,175 | +188,807 |
| Vanguard Portfolio Management LLC | 1,680,003 | -300,194 |
| Goldman Sachs Group Inc | 1,661,902 | -1,673,595 |
| Charles Schwab Investment Management Inc | 1,570,270 | -71,110 |
| Vanguard Fiduciary Trust Co | 1,417,995 | +36,311 |
| Citadel Advisors LLC | 1,167,306 | +411,522 |
| Susquehanna International Group, Llp | 721,967 | -44,932 |
| Aqr Capital Management LLC | 685,096 | +192,137 |
| Bank of New York Mellon Corp | 666,472 | +23,364 |
| Panagora Asset Management Inc | 660,465 | +496,929 |
| XTX Topco Ltd | 640,910 | -51,198 |
| Tudor Investment Corp ET AL | 605,657 | +8,899 |
| Nuveen, LLC | 515,663 | +40,968 |
Insiders
9 insiders reported holding 136,371,805 shares in total, about $84.2M at the last price.
| Holder | Shares |
|---|---|
| Wu YangChief Executive Officer, Director, 10% owner | 134,065,439 |
| Mattis WenjuanChief Technology Officer | 927,973 |
| Ying WeiDirector | 388,789 |
| Wong Arthur Lap TatDirector | 237,473 |
| Wu ShengxianChief Operating Officer | 233,799 |
| Pan YixinDirector | 188,239 |
| Tushe IsidaPres., Gen. Couns. & Corp. Sec, Director | 184,100 |
| Worthen RodneyChief Financial Officer | 117,422 |
| Garcia EricChief Accounting Officer | 28,571 |
Questions about MVST
What does Microvast Holdings, Inc. do?
Microvast Holdings, Inc. is a company in the Other sector, listed on NASDAQ as MVST. Its shares trade on NASDAQ under the ticker MVST.
What is Microvast Holdings, Inc.'s net worth?
Microvast Holdings, Inc. has a market value (market cap) of $237.5M at the latest share price, and shareholders' equity of $472.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Microvast Holdings, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $24M on revenue of $290.1M.
How much revenue does Microvast Holdings, Inc. make?
Over the twelve months to September 30, 2026 Microvast Holdings, Inc. reported revenue of $290.1M. That is 34.7% less than a year earlier.
When did Microvast Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is Microvast Holdings, Inc.'s next earnings report?
Microvast Holdings, Inc.'s next report is expected around March 15, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Microvast Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.