Microvast Reports Second Quarter 2026 Financial Results
Microvast reported Q2 2026 revenue of $87.3 million, down 4.5% year-over-year, with a net loss of $12.0 million compared to a prior year loss of $106.1 million. The company's gross margin contracted to 29.5% from 34.7% in the prior year, driven by higher raw material prices and lower production utilization, while adjusted EBITDA fell to $3.6 million from $25.9 million.
Key figures
- Revenue
- $87.3 million
- Revenue Yoy
- -4.5%
- Cash balance
- $143.1 million
- Gross margin
- 29.5%
- Adjusted ebitda
- $3.6 million
- Adjusted net loss
- $5.3 million
- Capital expenditures
- $11.3 million
AI analysis
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