Microvast Holdings, Inc.
MVST · XNASCIK 1760689fmd_1V9PH4ZJSE37V9N3W8GP9T4ZPWManufacturing · Miscellaneous Electrical Machinery, Equipment & SuppliesTemplate: Standard
Coverage: Jan 01, 2019 to Sep 30, 2026, 31 periods
| Line item | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Total revenues | 76 | 108 | 152 | 204 | 307 | 380 | 428 |
| Cost of revenue | 77 | 90 | 195 | 195 | 249 | 260 | – |
| Gross profit | (0) | 17 | (43) | 9 | 57 | 120 | 122 |
| Provision for credit losses | – | – | – | – | 0 | 4 | 8 |
| Research and development | 26 | 17 | 34 | 44 | 45 | 41 | 34 |
| Selling, general and administrative | 31 | 33 | 123 | 125 | 120 | 104 | 80 |
| Total operating expenses | 57 | 49 | 157 | 171 | 166 | 238 | 118 |
| Operating income | (54) | (29) | (194) | (160) | (107) | (116) | 7 |
| Interest expense | 6 | 6 | 5 | 3 | 3 | 10 | 5 |
| Interest and investment income | 1 | – | – | – | – | – | – |
| Other non-operating income (expense) | (0) | 1 | (0) | 1 | (1) | 0 | 0 |
| Income before taxes | (59) | (34) | (206) | (158) | (106) | (195) | (35) |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | (5) |
| Net income from continuing operations | (60) | (34) | (206) | (158) | (106) | (195) | (29) |
| Net income | 3 | (2) | (206) | (158) | (106) | (195) | (29) |