Microvast Holdings, Inc. (MVST) Form 10-Q — May 11, 2026
Microvast Holdings, Inc. reported a significant decline in revenue for the quarter ended March 31, 2026, with revenues decreasing by 48.0% to $60.6 million from $116.5 million in the same period of 2025. This decline was primarily due to a 48.9% reduction in sales volume from 535.7 MWh to 273.9 MWh, driven by evolving regulatory and geopolitical dynamics, including demand shifts in India and Korea, and platform delays in Europe and APAC. The company's gross profit margin also decreased from 36.9% in 2025 to 31.6% in 2026, primarily due to lower production utilization and increased costs from raw material pricing and supply chain disruptions.
Key figures
- Eps
- 0.15
- Revenue
- 60612
- Net Income
- 48211
- Total Debt
- 521390
- Cash Position
- 126129
- Going Concern
- Yes
- Order Backlog
- 168700
- Sales Volume MWh
- 273.9
- Previous Sales Volume MWh
- 535.7
Price after filing
Close on the filing date to close N calendar days later (from $2.02). Historical, not a forecast.
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