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Companies / Industrials / Microvast Holdings, Inc.
MVST

Microvast Holdings, Inc.

IndustrialsElectronic Equipment
Ticker MVSTSTAFFORD, TXFiscal year ends DecemberBook value per share $1.42Diluted shares 382.9M

Microvast Holdings, Inc. (Nasdaq: MVST) designs, develops, and manufactures lithium-ion battery components and systems, primarily for electric commercial vehicles and energy storage systems. Its products serve manufacturers and operators across buses, trucks, trains, mining and port vehicles, and other specialty… From the company’s description.

Over the twelve months to Jun 30, 2026, Microvast Holdings, Inc. reported revenue of $367.56M, down 13.0% from a year earlier, and net income of $51.27M. Its operating margin was −10.3%, and operations used $1.72M in cash. In fiscal 2025, it reported revenue of $427.52M, up 12.6% from fiscal 2024, and a net loss of $29.22M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$427.52MFY2025
+12.6% year over year
Last 12 mo $367.56M
1.63%FY2025
+32.2 percentage points
Last 12 mo -10.29%
$-29.22MFY2025
+85.1% year over year
Last 12 mo $51.27M
-5.95%FY2025
+20.4 percentage points
Last 12 mo 10.02%
Cash & financing
$75.91MFY2025
+2597.5% year over year
Last 12 mo $-1.72M
$56.07MFY2025
+325.1% year over year
Last 12 mo $-30.52M
0.79FY2025
Was 0.69× a year earlier
Last 12 mo 0.25
324.7MFY2025
+2.0% year over year
Last 12 mo 382.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Microvast Holdings, Inc. does

In the company’s own words

Microvast Holdings, Inc. (Nasdaq: MVST) designs, develops, and manufactures lithium-ion battery components and systems, primarily for electric commercial vehicles and energy storage systems. Its products serve manufacturers and operators across buses, trucks, trains, mining and port vehicles, and other specialty vehicles, as well as commercial and industrial energy-storage customers. The company’s vertically integrated technology spans battery materials, cells, modules, packs, thermal management, and battery management systems; it also markets individual components to other manufacturers. Its battery chemistries include LTO, NMC, and LFP, and its brands include Microvast, LpTO, LpCO, MpCO, HpCO, and Clean City Transit. Manufacturing capacity is concentrated in Huzhou, China, with a module facility in Germany and U.S. operations in Tennessee. As of December 31, 2025, annual capacity was approximately 3.5 GWh for cells, modules, and packs, and the company employed 1,908 full-time employees. Founded in 2006, Microvast became publicly listed in 2021.

Company details
Sector
Industrials
Industry (SIC)
Electronic Equipment
Headquarters
STAFFORD, TX
Fiscal year end
December
CIK
1760689
SIC
3690

Financial performance, year by year

Fiscal 2019–2025 · USD
$-269.88M$-79.68M$110.52M$300.72M$490.92M2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Microvast Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

153
funds hold it
0 of 35
superinvestors hold it
$47.34M
held by funds, at market
9.0%
of shares held by funds

Largest fund holders · Microvast Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
0.11%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Microvast Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Microvast Holdings, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Microvast Holdings, Inc.'s last four quarterly filings that the numbers alone won't show?”
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