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Microvast Holdings, Inc.

Microvast Holdings, Inc.

NASDAQ•MVST
CEO: Mr. Yang Wu
Sector: Industrials
Industry: Electrical Equipment & Parts
Listing Date: 2019-03-27
Microvast Holdings, Inc. provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port vehicles, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks. It operates China, rest of the Asia Pacific, Europe, and the United States. Microvast Holdings, Inc. was incorporated in 2006 and is headquartered in Stafford, Texas.
Contact Information
12603 Southwest Freeway, Suite 300, Stafford, TX, 77477, United States
281-491-9505
www.microvast.com
Market Cap
$966.59M
P/E (TTM)
-6.4
27.4
Dividend Yield
--
52W High
$7.12
52W Low
$1.09
52W Range
32%
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$123.29M+21.60%
4-Quarter Trend

EPS

-$0.00-111.14%
4-Quarter Trend

FCF

$1.18M-106.01%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Revenue Growth Revenue $123.29 M, up 21.6% for Q3 2025, driven by 15.6% volume increase to 501.7 MWh.
Gross Margin Expansion Gross Profit $46.41 M, margin expanded to 37.6% from 33.2% due to utilization and favorable product mix.
Operating Profit Surge Operating profit reached $13.00 M, an 80.8% increase compared to $7.19 M profit last period.
Cash Flow Reversal Nine-month cash from operations $59.49 M generated, reversing prior period usage of $(3.29) M.

Risk Factors

Going Concern Doubt Stockholders' equity $358.11 M, substantial doubt remains regarding going concern ability despite recent operational progress.
Internal Control Weakness Material weakness identified in IT general controls (GITC) for the ERP system remains unremidiated as of September 30.
Geopolitical and Tariff Exposure Exposure to geopolitical events, tariffs, and trade shifts impacting production costs and customer demand globally.
Ongoing Litigation Risk Multiple ongoing legal proceedings create potential adverse impact on resources, settlement costs, and management focus.

Outlook

Equity Financing Secured Received $12.6 M net proceeds from Sales Agreement post-quarter end to fund corporate purposes and debt.
Clarksville LFP Facility Committed to completing Clarksville facility for primary U.S. base utilizing LFP technology for ESS expansion.
Solid-State Battery Tech Evaluating industrialization paths for major breakthrough in all-solid-state battery (ASSB) technology announced in January.
Short-Term Debt Refinancing Successfully refinanced $23.5 M of short-term borrowings, management expects ability to further refinance next twelve months.

Peer Comparison

Revenue (TTM)

JetBlue Airways CorporationJBLU
$9.10B
-2.5%
Hertz Global Holdings, Inc.HTZ
$8.52B
-7.4%
Insperity, Inc.NSP
$6.76B
+3.2%

Gross Margin (Latest Quarter)

Enovis CorporationENOV
59.9%
-4.9pp
SES AI CorporationSES
51.1%
+0.0pp
Cmb.Tech NVCMBT
49.5%
+9.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CMBT$2.35B3.937.9%67.1%
JBLU$1.96B-4.2-19.2%56.8%
NSP$1.76B104.116.4%21.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.8%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 30, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $123.29M+21.6%
    |
    EPS: $-0.00-111.1%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $91.34M+9.2%
    |
    EPS: $-0.33+3.1%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $116.49M+43.2%
    |
    EPS: $0.19-341.4%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $379.80M+23.9%
    |
    EPS: $-0.61-79.4%
    Miss

  • Form 10-Q/A - Q3 2024

    Period End: Sep 30, 2024|Filed: Mar 31, 2025|
    Revenue: $101.39M+26.6%
    |
    EPS: $0.04-149.5%
    Beat

  • Form 10-Q/A - Q2 2024

    Period End: Jun 30, 2024|Filed: Mar 31, 2025|
    Revenue: $83.68M+11.6%
    |
    EPS: $-0.32+300.0%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|Refer to amended data

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|Refer to amended data