Name: MVST Income Statement - Microvast Holdings. Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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MVST - Microvast Holdings. Inc.

USD | NASDAQ | Technology

MVST Income Statement - Microvast Holdings. Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19
Revenues
Revenues	60.6	96.4	123.3	91.3	116.5	113.4	101.4	83.7	81.4	104.6	80.1	75.0	47.0	64.8	38.6	64.4

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenues
Revenues	371.6	427.5	379.8	306.6	204.5	152.0	107.5	76.4
Cost of Revenue	-	-	260.2	249.4	195.4	194.7	90.4	76.7
Gross Profit	-	-	119.6	57.2	9.1	(42.7)	17.1	(0.2)
Operating Expenses
Research & Development	34.7	34.1	41.1	45.0	43.5	34.4	16.6	26.0
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	(16.2)	7.0	(116.1)	(106.7)	(159.9)	(194.1)	(29.1)	(53.9)
Non-Operating
Interest Income	-	-	0.0	0.4	0.1	0.0	0.0	0.4
Interest Expense	4.9	4.9	9.7	2.6	3.3	5.4
Tax & Net
Income Tax Expense	-	(5.3)	0.0	0.0	0.0	0.0	0.0	0.2
Net Income From Continuing Ops	(42.8)	(29.2)	(195.5)	(106.4)	(158.2)
Per Share
EPS Basic	(0.13)	(0.09)	(0.61)	(0.34)	(0.52)	(1.26)	(0.82)	(0.06)
EPS Diluted	(0.11)	(0.09)	(0.61)	(0.34)	(0.52)	(1.26)
Supplementary Data
EBITDA	-	-	-	-	-	-	-	-
EBIT	(16.2)	7.0	(116.1)	(106.7)	(159.9)	(194.1)	(29.1)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	8.8	10.4	7.8	7.7	8.2	8.8	10.7	10.1	11.5	11.4	13.2	9.5	10.9	10.5	11.5	10.2	11.3	11.2	13.5	5.9	3.8	-	4.6	-	-	-	-	-	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	5.3	6.0	6.0	3.4	6.8	7.0	5.0	5.0	5.6	6.7	6.0	5.9	5.0	5.2	5.6	5.8	6.0
General & Administrative	12.9	20.0	19.7	4.0	14.1	22.3	11.8	23.5	23.8	27.9	25.0	23.5	20.4	19.8	22.6	34.3	26.1
Depreciation & Amortization	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.3
Amortization of Intangibles	-	-	-	-	-	-	-	-	0.1	-	0.1	0.1	0.1	-	0.1	0.1	0.1
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	27.1	39.1	33.5	16.5	29.2	43.2	27.5	126.7	40.9	46.0	44.7	39.0	36.2	37.3	39.6	50.4

Operating Income
Operating Income	(7.9)	(37.5)	13.0	16.2	15.3	(1.4)	7.2	(98.7)	(23.1)	(22.2)	(26.3)	(26.9)	(31.3)	(34.6)	(37.1)	(45.0)	(43.3)	(47.6)	(113.3)	(22.3)	(10.8)	(19.5)	(9.1)	(0.3)	(0.2)	(53.3)	(0.3)	(0.2)	(0.1)

Tax & Net
Income Tax Expense	-	(6.3)	0.7	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.3)	0.1	0.1	0.1	(0.2)	(0.3)	(0.0)	0.5	(0.5)	0.2	0.3	0.1
Net Income From Continuing Ops	48.2	16.5	(1.5)	(106.1)	61.8	(82.3)	13.2	(101.6)	(24.8)	(24.6)	(26.2)	(26.1)	(29.6)	(33.7)	(36.5)	(44.2)	(43.8)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	48.2	16.5	(1.5)	(106.1)	61.8	(82.3)	13.2	(101.6)	(24.8)	(24.6)	(26.2)	(26.1)	(29.6)	(33.7)	(36.5)	(44.2)	(43.8)
Net Income Attributable To Parent	48.2	16.5	(1.5)	(106.1)	61.8	(82.3)	13.2	(101.6)	(24.8)	(24.5)	(26.1)	(26.1)	(29.6)	(33.7)	(36.5)	(44.2)
Less: Minority Interest	-	-	-	-	0.0	0.0	0.0	0.0	0.0	(0.1)	(0.0)	0.0	0.0	0.0	0.0	0.0	0.0
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	48.2	16.5	(1.5)	(106.1)	61.8	(82.3)	13.2	(101.6)	(24.8)	(24.5)	(26.1)	(26.1)	(29.6)	(33.7)	(36.5)

Per Share
EPS Basic	0.15	-	0.00	(0.33)	0.19	-	0.04	(0.32)	(0.08)	-	(0.08)	(0.08)	(0.10)	-	(0.12)	(0.15)	(0.15)	-	(0.49)	(0.40)	(0.29)	-	-	-	0.00	-	-	-	-
EPS Diluted	(0.04)	-	0.00	(0.33)	0.05	-	0.03	(0.32)	(0.08)	-	(0.08)	(0.08)	(0.10)	-	(0.12)	(0.15)	(0.15)	-
Shares Basic	332.4	-	323.8	323.6	323.4	-	320.5	315.5	315.4	-	313.1	307.7	307.7	-	306.0	300.6	298.8	-
Shares Diluted	385.3	-	323.8	323.6	374.4	-	367.0	315.5	315.4	-	313.1	307.7	307.7	-	306.0	300.6	298.8	-

Supplementary Data
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(37.9)	-	-	-	(6.1)	-	-	-	-	-	-	-	-
EBIT	(7.9)	(37.5)	13.0	16.2	15.3	(1.4)	7.2	(98.7)	(23.1)	(22.2)	(26.3)	(26.9)	(31.3)	(34.6)	(37.1)	(45.0)	(43.3)	(47.6)	(113.3)

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0	0.0	(2.6)	0.6	1.0	1.0	-	1.6	1.7	-
Interest Expense	1.2	1.2	1.3	1.3	1.2	1.6	4.3	2.1	1.7	1.2	0.5	0.5	0.5	0.9	0.8	0.9	0.8	0.8
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	0.1	(0.1)	(0.1)	0.1	0.3	0.4	(0.3)	0.2	(0.1)	(1.4)	0.1	(0.2)	0.8	0.2	0.3	0.0	0.4
Pre-Tax Income	-	10.3	(0.8)	(105.8)	61.8	(82.3)	13.2	(101.6)	(24.8)	(24.6)	(26.2)	(26.1)	(29.6)	(33.7)	(36.5)	(44.2)