MVST
Microvast Holdings, Inc.2.9400
+0.0900+3.16%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
964.86MP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0%Recent Filings
8-K
Record Q3 revenue, margin gains
Microvast posted record Q3 revenue of $123.3 million, up 21.6% year-over-year, with gross margin climbing to 37.6% from 33.2%. GAAP net loss narrowed to $1.5 million, yet adjusted EBITDA held at $21.9 million. Revenue hit $450-475 million for 2025, gross margin 32-35%. Cash swelled to $142.6 million. Capacity ramps soon.
10-Q
Q3 FY2025 results
Microvast posted Q3 revenue of $123.3M, up 21.6% y/y from $101.4M, with gross margin expanding to 37.6% from 33.2% on higher volumes and better product mix; operating profit hit $13.0M, up 80.8% y/y. Europe drove 64% of sales at $77.9M, while cash from operations stayed strong YTD at $59.5M despite $118.8M debt and $193.5M fair-valued convertible loan. Balance sheet holds $90.7M cash, $51.9M restricted. Ongoing securities litigation clouds the path ahead.
8-K
Annual meeting elects director
Microvast stockholders convened their annual meeting on October 23, 2025, with 59.28% turnout from 192.9 million shares present. Wei Ying secured election as Class I director for a three-year term, tallying 123.5 million for votes against 13.3 million withheld. Deloitte's appointment as auditor for year-end 2025 sailed through with 191.6 million approvals. Routine governance locked in.
8-K
ATM equity agreement signed
Microvast Holdings entered a sales agreement on October 3, 2025, with Cantor Fitzgerald and Needham to issue up to $125 million in common stock via at-the-market offerings. Agents earn up to 3.0% commission; net proceeds target general corporate needs like debt refinancing, acquisitions, capex, and working capital. Shelf registration leverages prior S-3 effectiveness.
8-K
Record Q2 revenue, positive adj. EBITDA
Microvast posted record Q2 revenue of $91.3 million, up 9.2% year-over-year, with gross margin climbing to 34.7% from 32.5%. GAAP net loss widened to $106.1 million due to $121.5 million in fair value changes on warrants and convertible loans, yet adjusted EBITDA swung positive at $25.9 million. Cash swelled to $138.8 million. Guidance holds at $450-475 million revenue for 2025.
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