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Microvast Holdings, Inc. logo

Microvast Holdings, Inc.

MVST

NASDAQIndustrialsElectrical Equipment & Parts

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Previous close

$0.8047

+$0.0209 · +2.67%

Aug 21, 4:00 PM ET

MVST company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

79

Undervalued

Momentum

19

Strong Down

Sentiment

37

Bearish

Risk resilience

9

Extreme Risk

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Company profile

Company website

Microvast Holdings, Inc. is a company that designs, develops, and manufactures advanced battery systems tailored for electric vehicles (EVs) and stationary energy storage. The company showcases vertical integration by also producing key battery components, including cathodes, anodes, electrolytes, and separators. Their product offerings feature a diverse selection of cell chemistries, such as lithium titanate oxide (LTO), lithium iron phosphate (LFP), and both first and second-generation nickel manganese cobalt (NMC). Microvast's battery solutions are utilized across a broad spectrum of commercial vehicle markets worldwide, encompassing buses, trains, mining trucks, marine and port equipment, automated guided vehicles (AGVs), specialty vehicles, and light, medium, and heavy-duty trucks. Established in 2006, the company's base of operations is in Stafford, Texas.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
US
CEO
Yang Wu
Listed since
Mar 27, 2019
Employees
1,908

Market position

Day range

Current $0.8047

52-week range

Current $0.8047

Open
$0.8111
Previous close
$0.7838
Volume
4.67M
0.89× average
Average volume
5.24M
Average daily volume
Market cap
268.09M USD
Beta
3.58
Market reference 1
50-day average
$0.9796
-17.85% below average
200-day average
$2.0896
-61.49% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
4.85×
P/B (TTM)
0.52×
P/S (TTM)
0.73×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
25.11%
Operating margin
-9.54%
Net margin
13.95%

Financial health

Debt / equity
0.36×
Altman Z-score
-0.6
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends54%-17%-89%-160%Gross margin, FY2021: -28.12%Gross margin, FY2022: 4.44%Gross margin, FY2023: 18.66%Gross margin, FY2024: 31.48%Gross margin, FY2025: 36.17%Operating margin, FY2021: -127.69%Operating margin, FY2022: -78.22%Operating margin, FY2023: -34.81%Operating margin, FY2024: -30.57%Operating margin, FY2025: 9.47%Net margin, FY2021: -142.13%Net margin, FY2022: -77.36%Net margin, FY2023: -34.68%Net margin, FY2024: -51.46%Net margin, FY2025: -6.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -28.12%. Gross margin FY2022 4.44%. Gross margin FY2023 18.66%. Gross margin FY2024 31.48%. Gross margin FY2025 36.17%. Operating margin FY2021 -127.69%. Operating margin FY2022 -78.22%. Operating margin FY2023 -34.81%. Operating margin FY2024 -30.57%. Operating margin FY2025 9.47%. Net margin FY2021 -142.13%. Net margin FY2022 -77.36%. Net margin FY2023 -34.68%. Net margin FY2024 -51.46%. Net margin FY2025 -6.83%.

Income trends

Revenue

427.52M USD+12.56%

Operating income

40.49M USD+156.58M USD

Net income

−29.22M USD+85.05%
Income trends across reported periods491.87M USD234.46M USD−22.95M USD−280.36M USDRevenue, FY2021: 151.98M USDRevenue, FY2022: 204.5M USDRevenue, FY2023: 306.62M USDRevenue, FY2024: 379.8M USDRevenue, FY2025: 427.52M USDOperating income, FY2021: −194.06M USDOperating income, FY2022: −159.95M USDOperating income, FY2023: −106.73M USDOperating income, FY2024: −116.09M USDOperating income, FY2025: 40.49M USDNet income, FY2021: −216.01M USDNet income, FY2022: −158.2M USDNet income, FY2023: −106.34M USDNet income, FY2024: −195.46M USDNet income, FY2025: −29.22M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 151.98M USD. Revenue FY2022 204.5M USD. Revenue FY2023 306.62M USD. Revenue FY2024 379.8M USD. Revenue FY2025 427.52M USD. Operating income FY2021 −194.06M USD. Operating income FY2022 −159.95M USD. Operating income FY2023 −106.73M USD. Operating income FY2024 −116.09M USD. Operating income FY2025 40.49M USD. Net income FY2021 −216.01M USD. Net income FY2022 −158.2M USD. Net income FY2023 −106.34M USD. Net income FY2024 −195.46M USD. Net income FY2025 −29.22M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue427.52M USD379.8M USD306.62M USD204.5M USD151.98M USD
Cost of goods sold272.9M USD260.25M USD249.39M USD195.42M USD194.72M USD
Gross profit154.62M USD119.55M USD57.23M USD9.07M USD−42.74M USD
Research and development34.11M USD41.07M USD45M USD43.51M USD34.39M USD
Selling, general, and administrative35.62M USD104.06M USD120.4M USD125.39M USD123.06M USD
Operating expenses114.13M USD235.64M USD163.96M USD169.02M USD151.32M USD
Interest income957K USD742K USD3.61M USD3.18M USD446K USD
Interest expense4.9M USD9.71M USD2.63M USD3.32M USD5.41M USD
Depreciation and amortization33.13M USD30.83M USD22.93M USD20.37M USD20.71M USD
Operating income40.49M USD−116.09M USD−106.73M USD−159.95M USD−194.06M USD
Net income−29.22M USD−195.46M USD−106.34M USD−158.2M USD−216.01M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-10.09%
11 comparable reports
Latest EPS result
-0.01
Estimate -0.01 · Miss by 100.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.10.02-0.07-0.15Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual -0.01, estimate -0.02, surprise +50.00%, Beat. Q2 2025, reported May 12, 2025: actual 0.06, estimate -0.02, surprise +400.00%, Beat. Q3 2025, reported Aug 11, 2025: actual 0.05, estimate 0.01, surprise +400.00%, Beat. Q4 2025, reported Nov 10, 2025: actual 0.04, estimate 0.02, surprise +100.00%, Beat. Q1 2026, reported Mar 16, 2026: actual -0.11, estimate 0.02, surprise -650.00%, Miss. Q2 2026, reported May 11, 2026: actual -0.04, estimate 0.05, surprise -180.00%, Miss. Q3 2026, reported Aug 10, 2026: actual -0.01, estimate -0.005, surprise -100.00%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 0.025, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates139.61M111.32M83.04M54.76MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 31, 2025: actual 113.39M USD, estimate 92.5M USD, surprise +22.58%, Beat. Q2 2025, reported May 12, 2025: actual 116.49M USD, estimate 106M USD, surprise +9.90%, Beat. Q3 2025, reported Aug 11, 2025: actual 91.34M USD, estimate 107.68M USD, surprise -15.17%, Miss. Q4 2025, reported Nov 10, 2025: actual 123.29M USD, estimate 133.75M USD, surprise -7.83%, Miss. Q1 2026, reported Mar 16, 2026: actual 96.4M USD, estimate 131.38M USD, surprise -26.63%, Miss. Q2 2026, reported May 11, 2026: actual 60.61M USD, estimate 99.02M USD, surprise -38.79%, Miss. Q3 2026, reported Aug 10, 2026: actual 87.26M USD, estimate 94.4M USD, surprise -7.56%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 80.25M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

6 ratings
Strong buy00%
Buy350%
Hold233%
Sell117%
Strong sell00%

Recent analyst actions

4 institutions
Janney Montgomery ScottdowngradeBuyNeutral
OppenheimermaintainOutperform
Cantor FitzgeraldmaintainOverweight

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ETFs holding MVST

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
4.99M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
4.2M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
State Street SPDR S&P Kensho New Economies Composite ETF logoState Street SPDR S&P Kensho New Economies Composite ETFKOMP
Market value
2.07M
Weight
0.08%
AUM
2.71B USD
Expense ratio
0.20%
Price / 1D
$69.24+0.92%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.88M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
1.08M
Weight
0.01%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
960.01K
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
739.64K
Weight
0.00%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
563.95K
Weight
0.04%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%

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