MVST · XBRL financial data

Microvast Holdings financial statements, every fiscal year

The same tables from 9 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 years (MVST's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	108	152	204	307	380	428
Cost of revenue	90	195	195	249	260	—
Gross profit	17	(43)	9	57	120	122
Research and development	17	34	44	45	41	34
General and administrative	19	102	105	97	81	58
Total operating expenses	49	157	171	166	238	118
Operating income (loss)	(1)	(194)	(160)	(107)	(116)	7
Interest expense	6	5	3	3	10	5
Other income (expense)	(1)	—	—	—	—	—
Income tax expense (benefit)	0	0	0	0	0	(5)
Net income (loss)	(2)	(206)	(158)	(106)	(195)	(29)
Earnings per share, basic USD per share	(0.53)	(1.26)	(0.52)	(0.34)	(0.61)	(0.09)
Earnings per share, diluted USD per share	(0.53)	(1.26)	(0.52)	(0.34)	(0.61)	(0.09)
Weighted average shares, basic millions of shares	99	186	303	311	318	325
Weighted average shares, diluted millions of shares	8	186	303	311	318	325

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	0	481	231	45	73	105
Short-term investments	—	0	25	6	0	—
Marketable securities, non-current	282	—	—	—	—	—
Accounts receivable	76	89	119	139	121	156
Inventory	45	53	84	150	143	89
Prepaid and other current assets	0	17	12	26	27	17
Total current assets	0	707	545	426	428	449
Property and equipment, net	198	253	335	621	478	508
Right-of-use asset	14	14	16	20	18	17
Total assets	282	995	985	1,097	952	1,005
Accounts payable	42	40	45	113	65	47
Accrued liabilities	2	2	—	—	—	—
Total current liabilities	1	176	252	403	330	488
Lease liability, non-current	—	0	14	17	15	14
Total liabilities	5	309	372	533	564	595
Retained earnings (accumulated deficit)	1	(632)	(791)	(898)	(1,093)	(1,122)
Total stockholders' equity	5	—	613	564	388	411
Total liabilities and equity	282	995	985	1,097	952	1,005
Common shares outstanding (cover page) millions of shares	35	301	309	317	325	332

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(2)	(206)	(158)	(106)	(195)	(29)
Stock-based compensation	0	83	91	65	31	3
Net cash from operating activities	(1)	(45)	(54)	(75)	3	76
Purchases of property and equipment	19	88	151	187	28	20
Net cash from investing activities	1	(88)	(176)	(166)	(12)	(16)
Proceeds from issuing common stock	—	—	—	0	0	29
Net cash from financing activities	0	625	5	33	38	(3)
Net change in cash	(1)	495	(233)	(214)	21	60

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.