Microvast Holdings, Inc. (MVST)
Nasdaq · Miscellaneous Electrical Machinery, Equipment & Supplies · Manufacturing · CIK 1760689 · fiscal year ends in Dec
Closing price $0.57 on 30 Oct 2026; 52-week range $0.48 to $5.45.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $367.6M
- Revenue growth
- -13.0%
- Net income, last twelve months
- $51.3M
- Earnings per share
- -$0.02
- Gross margin
- 25.1%
- Operating margin
- -10.3%
- Net margin
- 13.9%
- Free cash flow
- -$30.5M
- Return on equity
- 9.4%
- Market value
- $217.7M
- Cash
- $127.8M
- Debt
- $175.6M
- Debt to equity
- 0.32
- Shares outstanding
- 384.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $427.5M | $7.0M | -$29.2M | -$0.09 | $56.1M | 10-K filed 16 Mar 2026 |
| FY2024 | 31 Dec 2024 | $379.8M | -$116.1M | -$195.5M | -$0.61 | -$24.9M | 10-K filed 31 Mar 2025 |
| FY2023 | 31 Dec 2023 | $306.6M | -$106.7M | -$106.3M | -$0.34 | -$262.1M | 10-K filed 1 Apr 2024 |
| FY2022 | 31 Dec 2022 | $204.5M | -$159.9M | -$158.2M | -$0.52 | -$204.8M | 10-K filed 16 Mar 2023 |
| FY2021 | 31 Dec 2021 | $152.0M | -$194.1M | -$206.5M | -$1.26 | -$132.9M | 10-K filed 29 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $87.3M | -$12.0M | -$0.03 |
| Q1 FY2026 | 31 Mar 2026 | $60.6M | $48.2M | -$0.04 |
| Q4 FY2025 | 31 Dec 2025 | $96.4M | $16.5M | $0.05 |
| Q3 FY2025 | 30 Sep 2025 | $123.3M | -$1.5M | $0.00 |
| Q2 FY2025 | 30 Jun 2025 | $91.3M | -$106.1M | -$0.33 |
| Q1 FY2025 | 31 Mar 2025 | $116.5M | $61.8M | $0.05 |
| Q4 FY2024 | 31 Dec 2024 | $113.4M | -$105.4M | -$0.26 |
| Q3 FY2024 | 30 Sep 2024 | $101.4M | $13.2M | $0.03 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| China | $138.9M | 32.5% |
| Italy | $92.9M | 21.7% |
| France | $78.2M | 18.3% |
| Other European countries | $40.8M | 9.5% |
| United States | $39.3M | 9.2% |
| India | $34.6M | 8.1% |
| Other Asia & Pacific countries | $2.8M | 0.6% |
Company events
The newest 8-K filings of 85 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 31 Aug 2026 | 8-K | Delisting notice | 3.01 |
| 11 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 7 Aug 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 28 May 2026 | 8-K | Leadership change, Other events | 5.02, 8.01, 9.01 |
| 11 May 2026 | 8-K | Results | 2.02 |
| 16 Mar 2026 | 8-K | Results | 2.02, 9.01 |
| 9 Jan 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 10 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 28 Oct 2025 | 8-K | Shareholder vote | 5.07, 9.01 |
| 3 Oct 2025 | 8-K | Material agreement | 1.01, 9.01 |
| 12 Aug 2025 | 8-K | Results | 2.02, 9.01 |
| 8 Aug 2025 | 8-K | Leadership change | 5.02, 9.01 |
Every filing
The newest filings with the SEC of 229 held.
| Filed | Form | Period |
|---|---|---|
| 9 Oct 2026 | DEFA14A | – |
| 9 Oct 2026 | DEFR14A | – |
| 9 Oct 2026 | DEF 14A | 30 Nov 2026 |
| 31 Aug 2026 | 8-K | 26 Aug 2026 |
| 11 Aug 2026 | 8-K | 10 Aug 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 7 Aug 2026 | 8-K | 7 Aug 2026 |
| 22 Jul 2026 | 25-NSE | – |
| 28 May 2026 | 8-K | 27 May 2026 |
| 11 May 2026 | 8-K | 11 May 2026 |
| 11 May 2026 | 10-Q | 31 Mar 2026 |
| 16 Mar 2026 | 10-K | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 10 Jun 2026 | Mattis Wenjuan, Chief Technology Officer | Sale outside a trading plan | 4,705 | $1.10 | $5.2K | 927,973 | 12 Jun 2026 |
| 9 Jun 2026 | Tushe Isida, Pres., Gen. Couns. & Corp. Sec | Sale outside a trading plan | 6,403 | $1.24 | $7.9K | 184,100 | 12 Jun 2026 |
| 9 Jun 2026 | Wu Yang, Chief Executive Officer | Sale outside a trading plan | 46,313 | $1.24 | $57.4K | 134,065,439 | 12 Jun 2026 |
| 18 May 2026 | Mattis Wenjuan, Chief Technology Officer | Sale outside a trading plan | 48,346 | $1.32 | $63.8K | 932,678 | 20 May 2026 |
| 25 Nov 2025 | Worthen Rodney, Chief Financial Officer | Sale under a trading plan | 2,671 | $3.48 | $9.3K | 31,708 | 29 Jan 2026 |
| 31 Dec 2025 | Pan Yixin, Director | Sale under a trading plan | 11,935 | $2.76 | $32.9K | 131,400 | 16 Jan 2026 |
| 31 Dec 2025 | Pan Yixin, Director | Sale under a trading plan | 661 | $2.78 | $1.8K | 130,739 | 16 Jan 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 31 Dec 2025 | YIXIN PAN, Director | 12,596 | $35.4K | 31 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Feb 2026 | CDH Griffin Holdings Company Limited | 13G amended | 11.3% | 37.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 19.8M | -3.56% | 6.31 |
| 30 Sep 2026 | 20.6M | -7.46% | 3.34 |
| 15 Sep 2026 | 22.2M | -4.53% | 3.45 |
| 31 Aug 2026 | 23.3M | -0.01% | 3.25 |
| 14 Aug 2026 | 23.3M | +18.64% | 2.93 |
| 31 Jul 2026 | 19.6M | -1.6% | 4.18 |
| 15 Jul 2026 | 19.9M | -8.97% | 4.22 |
| 30 Jun 2026 | 21.9M | -16.81% | 5.41 |
Funds that hold it
From each fund's latest Form 13F.
189 funds held it at 30 Jun 2026: 81 added and 46 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| BlackRock, Inc. | 16,536,629 | $19.3M | +1,141,513 |
| Vanguard Capital Management LLC | 8,721,048 | $10.2M | +81,060 |
| Legal & General Group Plc | 8,279,518 | $9.7M | +8,136,714 |
| State Street Corp. | 7,613,487 | $8.9M | +2,233,508 |
| Geode Capital Management, LLC | 5,548,956 | $6.5M | +547,598 |
| Millennium Management LLC | 4,868,071 | $5.7M | +1,563,413 |
| Mirae Asset Global ETFS Holdings Ltd. | 4,979,348 | $5.6M | +4,792,543 |
| Northern Trust Corp. | 1,825,175 | $2.1M | +188,807 |
| Vanguard Portfolio Management LLC | 1,680,003 | $2.0M | -300,194 |
| Goldman Sachs Group Inc. | 1,661,902 | $1.9M | -1,673,595 |
Peers
Companies in the same industry.
- EnerSys (ENS): revenue $3.8B, market value $5.8B
- Novanta Inc. (NOVT): revenue $1.0B, market value $5.5B
- Spectrum Brands Holdings, Inc. (SPB): revenue $2.9B, market value $1.9B
- Energizer Holdings, Inc. (ENR): revenue $3.0B, market value $1.6B
- Amprius Technologies, Inc. (AMPX): revenue $109.2M, market value $1.3B
- Enovix Corp. (ENVX): revenue $35.9M, market value $688.3M
- Eos Energy Enterprises, Inc. (EOSE): revenue $214.2M, market value $648.8M
- Energy Vault Holdings, Inc. (NRGV): revenue $225.9M, market value $556.0M
- Solid Power, Inc. (SLDP): revenue $11.0M, market value $447.6M
- SES AI Corp. (SES): revenue $23.5M, market value $294.8M