MVST · XBRL financial data

Microvast Holdings financial statements, every quarter

The same tables from 14 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MVST's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue	80	105*	81	84	101	113*	116	91	123	96*	61	87
Revenue from contracts with customers	80	—	81	84	101	—	116	91	123	—	—	—
Cost of revenue	62	82*	64	56	68	72*	73	60	77	—	41	61
Gross profit	18	23*	17	27	34	42*	43	32	46	—	19	26
Research and development	13	11*	11	10	11	9*	8	8	8	10*	9	9
General and administrative	25	28*	24	24	12	22*	10	4	20	24*	13	14
Total operating expenses	45	46*	41	127	28	43*	26	17	33	43*	27	28
Operating income (loss)	(26)	(22)*	(23)	(99)	7	(1)*	19	16	13	(41)*	(8)	(2)
Interest expense	0	1*	2	2	4	2*	1	1	1	1*	1	1
Other income (expense)	—	—	—	—	—	—	1	1	—	—	0	1
Income tax expense (benefit)	0	0*	0	0	0	0*	0	0	1	(6)*	—	0
Net income (loss)	(26)	(25)*	(25)	(102)	13	(82)*	62	(106)	(1)	17*	—	(12)
Earnings per share, basic USD per share	(0.08)	(0.08)*	(0.08)	(0.32)	0.04	(0.26)*	0.19	(0.33)	0.00	0.05*	0.15	(0.03)
Earnings per share, diluted USD per share	(0.08)	(0.08)*	(0.08)	(0.32)	0.03	—	0.05	(0.33)	0.00	—	(0.04)	(0.03)
Weighted average shares, basic millions of shares	313	315*	315	316	321	322*	323	324	324	328*	332	349
Weighted average shares, diluted millions of shares	313	315*	315	316	367	276*	374	324	324	278*	385	349

Fiscal quarters (MVST's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	67	45	39	68	64	73	91	100	91	105	126	128
Short-term investments	25	6	0	0	0	0	—	—	—	—	—	—
Accounts receivable	116	139	124	105	122	121	136	126	149	156	124	121
Inventory	127	150	137	153	158	143	129	142	127	89	95	94
Prepaid and other current assets	26	26	21	17	23	27	30	20	25	17	16	16
Total current assets	404	426	378	418	438	428	448	435	445	449	426	375
Property and equipment, net	550	621	617	496	504	478	485	522	524	508	510	526
Right-of-use asset	20	20	19	20	19	18	18	19	18	17	17	17
Total assets	1,017	1,097	1,041	961	998	952	983	1,005	1,014	1,005	987	952
Accounts payable	95	113	83	80	66	65	57	72	60	47	46	63
Total current liabilities	336	403	367	373	336	330	340	525	530	488	444	344
Lease liability, non-current	17	17	16	16	16	15	15	16	15	14	14	14
Total liabilities	449	533	495	506	512	564	529	649	655	595	521	409
Accumulated deficit	(873)	(898)	(922)	(1,024)	(1,011)	(1,093)	(1,031)	(1,137)	(1,139)	(1,122)	(1,074)	(1,086)
Total stockholders' equity	565	564	546	455	486	388	454	356	358	411	466	543
Total liabilities and equity	1,017	1,097	1,041	961	998	952	983	1,005	1,014	1,005	987	952
Common shares outstanding (cover page) millions of shares	317	317	317	324	324	325	325	325	328	332	333	385

Fiscal quarters (MVST's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(26)	(25)*	(25)	(102)	13	(82)*	62	(106)	(1)	17*	—	(12)
Stock-based compensation	16*	13*	12	12*	6*	1*	1	1*	1*	1*	1	1*
Net cash from operating activities	(29)	(5)*	2	0*	(5)	6*	7	37*	15*	16*	(23)	(11)*
Purchases of property and equipment	60*	33*	10	3*	14*	0*	2	3*	14*	1*	3	11*
Net cash from investing activities	(60)*	(12)*	(5)	(3)*	(5)*	(0)*	(2)	(3)*	(10)*	(1)*	(3)	(1)*
Proceeds from issuing common stock	—	year only	—	—	—	year only	—	—	—	year only	—	—
Net cash from financing activities	7*	21*	6	22*	18*	(9)*	9	(16)*	(3)*	7*	29	(21)*
Net change in cash	(81)*	(1)*	(1)	18*	10*	(5)*	13	16*	4*	27*	5	(31)*

SIC 3690 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3690 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Microvast Holdings	128	87	(11)*	384.5M	12.2 quarters	Q2 FY26 10-QJun 30, 2026
Amprius Technologies	75	34	(2.9)*	146.1M	26.1 quarters	Q2 FY26 10-QJun 30, 2026
Byrna Technologies	8.4	15	(0.4)*	23.4M	6.0 quarters	Q3 FY26 10-QAug 31, 2026
Solid Power	23	1.2	(17)*	229.2M	12.5 quarters	Q3 FY26 10-QSep 30, 2026
Eos Energy Enterprises	305	69	(72)*	364.2M	4.2 quarters	Q2 FY26 10-QJun 30, 2026
Fluence Energy	339	650	(19)*	not reported	18.2 quarters	Q3 FY26 10-QJun 30, 2026
Enovix	34	9	(22)*	219.4M	21.8 quarters	Q2 FY26 10-QJul 5, 2026
SES AI	64	5.1	(14)*	not reported	11.8 quarters	Q2 FY26 10-QJun 30, 2026
Factorial Energy	113	not reported	(11)*	not reported	10.1 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.