Microvast Holdings, Inc.

MVST

$0.70

+0.92%

2026-09-03 16:00:01 EDT+$0.01

Industrials

Electrical Equipment & Parts

NASDAQ

Active Trading

Microvast Holdings, Inc. is a company that designs, develops, and manufactures advanced battery systems tailored for electric vehicles (EVs) and stationary energy ...

Price Action of MVST

$0.70

+0.92%+$0.01

High—

Low—

52W High-90.2%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Founded in 2006 by Yang Wu, Microvast Holdings, Inc. designs, develops, and manufactures advanced battery systems for electric vehicles (EVs) and stationary energy storage. The company is vertically integrated, producing key components such as cathodes, anodes, electrolytes, and separators. Its product portfolio includes diverse chemistries like LTO, LFP, and NMC ...Founded in 2006 by Yang Wu, Microvast Holdings, Inc. designs, develops, and manufactures advanced battery systems for electric vehicles (EVs) and stationary energy storage. The company is vertically integrated, producing key components such as cathodes, anodes, electrolytes, and separators. Its product portfolio includes diverse chemistries like LTO, LFP, and NMC generations. Microvast serves commercial vehicle markets globally, including buses, trains, mining trucks, marine and port equipment, AGVs, and various truck classes. With approximately 1,900 employees worldwide and over 890 patents, the company emphasizes innovation and technology. Financially, it has a market cap of about $302 million, with a revenue per share of $1.12 and a gross profit margin of 26.4%. Despite recent net losses, it maintains a focus on growth, as evidenced by its investment in R&D (9.3% of revenue) and its expansion in the EV market. The company listed on NASDAQ in 2021 via a SPAC merger, and its operations span manufacturing sites in multiple regions, underscoring its global footprint.ExpandCollapse

Founded

2006

Employees

1908

CEO

Yang Wu

Full Name

Microvast Holdings, Inc.

Sector

Industrials

Industry

Electrical Equipment & Parts

ROE

11.54%

Market Cap

$0.23B

Current Ratio

1.09

WACC

10.70%

ROIC

9.67%

Contact Information

https://www.microvast.com

281 491 9505

12603 Southwest Freeway, Stafford, TX 77477

Key Metrics of MVST

Snapshot

Latest / TTM · 6 periods

Market Cap

$233.21M

ROCE

-5.8%

EV / EBITDA

3.75x

-13.6% YoY

FCF Yield

-10.0%

-16.2% YoY

Cash Conversion Cycle

162.7d

Current Ratio

1.09

Quick take

TTM —

Positive CCC

Financial Highlights of MVST

Profitability trend

Latest / TTM · 6 periods

Gross Margin

25.1%

Net Margin

13.9%

P/E Ratio

4.34x

n/a

Debt / Equity

0.36

n/a

Current Ratio

1.09

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of MVST

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.03 · Revenue $80.25M · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.03 · Revenue $134.23M · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.04 · Revenue $362.37M · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.02 · Revenue $115.16M · 1 analysts

Recent history

Aug 10, 2026
Q2 FY2026 · Results reported
EPS $-0.03 · Revenue $87.26M
View filing
May 11, 2026
Q1 FY2026 · Results reported
EPS $-0.04 · Revenue $60.61M
View filing
Mar 16, 2026
FY2025 · Annual results
EPS $-0.09 · Revenue $427.52M
View filing
Nov 10, 2025
Q3 FY2025 · Results reported
EPS $-0.00 · Revenue $123.29M
View filing
Aug 11, 2025
Q2 FY2025 · Results reported
EPS $-0.33 · Revenue $91.34M
View filing
May 12, 2025
Q1 FY2025 · Results reported
EPS $0.17 · Revenue $116.49M
View filing

Financial Statements of MVST

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$427.5M	+12.6%	+44.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-29.2M	+85.1%	-124.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+36.2%	+14.9%	-6.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+9.5%	+131.0%	+84.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-6.8%	+86.7%	-117.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$56.1M	+325.1%	-1665.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+13.1%	+300.0%	-1187.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	93.7%	+10.5%	-49.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.92x	-29.1%	+13.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.0B	+5.6%	-3.6%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.09 vs 0.17	-152.9%	-0.03 vs -0.01	-588.0%
Revenue Surprise	$427.5M vs $462.5M	-7.6%	$87.3M vs $94.4M	-7.6%

Insider Transactions of MVST

Acquisitions (A)

Since Mar 13, 2026

Disposals (D)

Since Mar 13, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jun 10, 2026	Mattis Wenjuan	officer: Chief Technology Officer	Common Stock	D	4,705	$1.10
Jun 9, 2026	Tushe Isida	director, officer: Pres., Gen. Couns. & Corp. Sec	Common Stock	D	6,403	$1.24
Jun 9, 2026	Wu Yang	director, 10 percent owner, officer: Chief Executive Officer	Common Stock	D	46,313	$1.24
May 28, 2026	Wu Yang	director, 10 percent owner, officer: Chief Executive Officer	Common Stock	A	50,000,000	$0.50
May 28, 2026	Wu Yang	director, 10 percent owner, officer: Chief Executive Officer	Convertible Loan	D	0	$0.50

Earnings Call Transcript of MVST

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Thank you for standing by. This is the conference operator. Welcome to the Microvast Second Quarter 26 Earnings Call. As a reminder, all participants are in a listen-only mode. This conference is being recorded. Would like to turn the conference over to the Microvast Investor Relations. Please go ahead. Rodney Worthen: Thank you, operator. Thank you everyone for joining our update today. This is Rodney Worthen. Chief financial officer of MicroVest. With me on today's call is mister Yang Wu, founder, chairman, and chief executive officer of MicroVest. I will start off with a review of the second quarter results before handing it over to Mr. Wu to provide some operational and business updates. Ahead of this call, Microvast issued its second quarter earnings press release. Which can be found on the Investor Relations section of our website. Ir.microvast.com. We have also posted a slide presentation to accompany management's prepared remarks for today's call. As a reminder, please note that this call may include forward looking statements. These statements are based on current expectations and assumptions and should not be relied upon as representative of our views for subsequent dates. We undertake no obligation to revise or release the results any revision to these forward looking statements due to new information or future events. Actual results may differ materially from expectations due to a variety of risks and uncertainties, For more information on material risks and other important factors that could affect our financial results, please refer to our filings with the SEC. We may also discuss non GAAP financial measures during this call. These measures should be considered in addition to and not as substitute for or in isolation from GAAP results. These non GAAP measures have been reconciled to their most directly comparable GAAP metrics in the tables included at the end of our earnings press release and the slide presentation. After the conclusion of this call, a webcast replay will be available on the Investor Relations section of Microvast's website. Please join me on slide 3, which details results for the second quarter over the past several years. Our revenue for the quarter was $87.3 million, a decrease of $4.1 million or 4.5% compared to the same period in 2025. The decrease was primarily driven by a $2.7 million tariff refund issued to a customer which was recorded as a reduction to our revenue in the current period. Gross profit for the second quarter was $25.8 million with a gross margin of 29.5%. Compared to 34.7% in Q2 25. The decrease in gross margin was primarily due to higher raw material prices lower production utilization, which reduced fixed cost absorption, slightly offset by recognition of the tariff refunds. Turn to Slide 4 to view our P&L for the quarter and year to date. Let's jump to the operating expenses, which increased to $27.5 million for the quarter, compared to $23.7 million in 2025. A 16.1% increase …

Leadership Team of MVST

6 executives

Name	Title	Compensation	Gender	Year Born	Status
Yang Wu	Founder, Chairman & Chief Executive Officer	USD 681,903	Male	1966	Active
Isida Tushe	President, General Counsel, Corporate Secretary & Director	USD 496,508	Female	1987	Active
Rodney Worthen	Chief Financial Officer	USD 448,000	Male	1991	Active
Shengxian Wu	Chief Operating Officer	USD 441,340	—	1984	Active
Wenjuan Mattis	Chief Technology Officer	USD 257,813	—	1982	Active
Zhihua Liu USCPA	Chief Accounting Officer	—	Male	1970	Active

Recent News of MVST

Newsfile Corp8/3/2026Neutral

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Reminds Microvast (MVST) Investors of Securities Class Action Lawsuit Deadline on September 21, 2026

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Microvast To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Microvast between April 1, 2025 and March 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - August 3, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Microvast Holdings, Inc. (""Microvast" or the "Company") (NASDAQ: MVST) and reminds investors of the September 21, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

GuruFocus8/3/2026Neutral

MVST Investors Have Opportunity to Lead Microvast Holdings, Inc. Securities Fraud Lawsuit

MVST Investors Have Opportunity to Lead Microvast Holdings, Inc. Securities Fraud Lawsuit PR Newswire NEW YORK, Au

GlobeNewsWire8/3/2026Neutral

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Microvast Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - MVST

NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Microvast Holdings, Inc. (NASDAQ: MVST) between April 1, 2025 and March 16, 2026, inclusive (the “Class Period”), of the important September 21, 2026 lead plaintiff deadline.

PRNewsWire8/3/2026Neutral

MVST Investors Have Opportunity to Lead Microvast Holdings, Inc. Securities Fraud Lawsuit

NEW YORK, Aug. 3, 2026 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Microvast Holdings, Inc. (NASDAQ: MVST) between April 1, 2025 and March 16, 2026, inclusive (the "Class Period"), of the important September 21, 2026 lead plaintiff deadline. So what: If you purchased Microvast securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

PRNewsWire8/3/2026Neutral

Shareholders who lost money in shares of Microvast Holdings, Inc. (NASDAQ: MVST) Should Contact Wolf Haldenstein Immediately

Lead Plaintiff Deadline September 21, 2026 NEW YORK, Aug. 3, 2026 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP, a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Microvast Holdings, Inc. (NASDAQ : MVST) ("Microvast" or the "Company"), on behalf of those who purchased or acquired Microvast common stock between April 1, 2025 and March 16, 2026, inclusive. PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Investors who purchased Microvast shares during the class period and suffered losses may be eligible to participate in the case, with the lead-plaintiff deadline set for September 21, 2026.

Historical Employee Count of MVST

Current

1,908

Change

-0.68%

Minimum

1,359

Maximum

2,006

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	1,908	10-K	Mar 16, 2026	View
Dec 31, 2024	1,921	10-K	Mar 31, 2025	View
Dec 31, 2023	2,006	10-K	Apr 1, 2024	View
Dec 31, 2022	1,535	10-K	Mar 16, 2023	View
Dec 31, 2021	1,359	10-K	Mar 29, 2022	View

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Microvast Holdings, Inc.