Microvast Holdings, Inc. (MVST)

Microvast Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	414.94	379.8	306.62	204.5	151.98	107.52
Revenue Growth (YoY)	21.68%	23.87%	49.94%	34.56%	41.35%	40.67%
Cost of Revenue	269.6	260.25	249.39	195.42	194.72	90.38
Gross Profit	145.34	119.55	57.23	9.07	-42.74	17.14
Selling, General & Admin	91.93	104.06	120.4	125.39	123.06	32.61
Research & Development	37.82	41.07	45	43.51	34.39	16.64
Operating Expenses	129.75	145.13	165.41	168.89	157.45	49.25
Operating Income	15.59	-25.58	-108.18	-159.82	-200.19	-32.11
Interest Expense	-9.17	-9.71	-2.63	-3.32	-5.41	-5.74
Interest & Investment Income	0.8	0.74	3.61	3.18	0.45	0.57
Other Non Operating Income (Expenses)	-35.26	-78.96	1.29	1.91	2.42	0.86
EBT Excluding Unusual Items	-28.03	-113.5	-105.9	-158.06	-202.74	-36.42
Gain (Loss) on Sale of Assets	-0.97	-0.84	-1.95	0.01	-0.01	-0.21
Asset Writedown	-93.17	-93.17	-0.5	-1.8	-	-
Other Unusual Items	13.34	12.06	1.95	1.67	-3.73	3
Pretax Income	-108.84	-195.46	-106.4	-158.17	-206.48	-33.62
Income Tax Expense	-	-	0.01	0.03	-	0
Earnings From Continuing Operations	-108.84	-195.46	-106.41	-158.2	-206.48	-33.63
Minority Interest in Earnings	-	-	0.08	-	-	-
Net Income	-108.84	-195.46	-106.34	-158.2	-206.48	-33.63
Preferred Dividends & Other Adjustments	-	-	0.08	-	27.62	47.34
Net Income to Common	-108.84	-195.46	-106.41	-158.2	-234.1	-80.96
Shares Outstanding (Basic)	320	318	311	303	186	99
Shares Outstanding (Diluted)	320	318	311	303	186	99
Shares Change (YoY)	2.45%	2.43%	2.52%	63.14%	87.72%	-
EPS (Basic)	-0.34	-0.61	-0.34	-0.52	-1.26	-0.82
EPS (Diluted)	-0.47	-0.61	-0.34	-0.52	-1.26	-0.82
Free Cash Flow	-11.87	-24.91	-262.09	-204.81	-132.9	-3.09
Free Cash Flow Per Share	-0.04	-0.08	-0.84	-0.68	-0.71	-0.03
Gross Margin	35.03%	31.48%	18.66%	4.44%	-28.13%	15.94%
Operating Margin	3.76%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%
Profit Margin	-26.23%	-51.46%	-34.71%	-77.36%	-154.04%	-75.30%
Free Cash Flow Margin	-2.86%	-6.56%	-85.48%	-100.15%	-87.45%	-2.87%
EBITDA	46.94	5.26	-85.25	-139.46	-179.48	-15.32
EBITDA Margin	11.31%	1.38%	-27.80%	-68.19%	-118.10%	-14.24%
D&A For EBITDA	31.35	30.83	22.93	20.37	20.71	16.79
EBIT	15.59	-25.58	-108.18	-159.82	-200.19	-32.11
EBIT Margin	3.76%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q