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Microvast Holdings, Inc. (MVST) stock

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NASDAQ: MVST Nasdaq Electrical Components & Equipment Next results ~November 9, 2026

C+ Fundamentals grade

Microvast Holdings, Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.8

Revenue-to-maturity cash-flow model

Base case. Range ~$0.8–$1.1 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Microvast Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds82 adding, 78 cuttingOf 34 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Microvast Holdings files

Where Microvast stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $368m, down 13.0% on a year earlier, a steeper fall than the 10.4% decline a quarter earlier. That puts it 29 of 29 for growth among the electrical components & equipment companies we cover. Free-cash-flow margin fell to -8.3% from 6.0% a year earlier. Operating margin narrowed to -10.3% from 7.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Microvast Holdings, Inc.'s trailing-twelve-month revenue fell 13.0% year on year, with a free-cash-flow margin of -8.3%. Where it stands out: net margin of 13.9% ranks 6 of 57 electrical components & equipment companies we cover. Where it lags: revenue growth of -13.0% ranks 51 of 57 electrical components & equipment companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.0% (-2.6pp vs the prior quarter), the 9th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 13.0% over the last 12 months.
  • Loss-making. Operating margin is -10.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 17.4 points on a year ago.
  • Burning cash. Free cash flow was -8.3% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 91% and a beta of 2.9 against the S&P 500.

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
-$0.01 against an average estimate of $0.00: beat by 0.0%
Revenue
$87m, down 4.5% on a year earlier
Share reaction
+5.1% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Next report
November 9, 2026; average EPS estimate $0.02

Microvast Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+11.2%
  • 1 month-7.9%
  • This year-79.4%
  • 1 year-89.0%
  • 5 years-93.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$368M
Operating margin
-10.3%
Net margin
13.9%
EPS (TTM, diluted)
$0.15

Growth

Revenue growth
−13.0%
Change in growth rate
−2.6 pts
Share count change
−0.5%

Cash

Free cash flow (TTM)
-$30.5M
FCF margin
-8.3%
Stock pay % of revenue
0.9%

Earnings

Last results
August 11, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Microvast Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Microvast Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.89 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$0.8 ~$0.8–$1.1 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$2.3 ~$2.2–$5.1 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$0.5–$4.5 Left out: out of range vs price (0.16x)
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.3 ~$0.8–$2.3 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Microvast Holdings, Inc. with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$9.96$17.10$5.66$1.53$1.40$2.07$2.80$0.58
Market value$79m$1.7bn$1.1bn$464m$435m$659m$909m$192m
+ Net debt (− = net cash)−$140303$14m−$420m−$134m$63m$102m$142m−$9m
Enterprise value$79m$1.7bn$632m$330m$498m$761m$1.1bn$183m
Multiples
Price / sales 1.0x15.7x6.9x2.3x1.4x1.7x2.1x0.5x
Price / earnings 23.4x——————3.7x
Price / free cash flow ——————16.2x—
EV / EBITDA ————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

15 /100

Weak moat

How hard Microvast Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -5.4% of total assets over 5 years.

  • Pricing power 0 / 20

    Gross margin has been a median 16.8%, moving by 16.6 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -42.4%; its worst year was -121.7%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 5 years, at a median -39.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $80m and EPS of $0.02 (range $0.02 to $0.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.01 −125% $362m −15%
Next $0.12 +1300% $470m +30%

Next year's EPS estimate has moved −20.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −125.0% on 90 days ago. In the last 30 days, 0 analysts raised Microvast Holdings, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Microvast Holdings, Inc., last 90 days
−$0.05 $0.00 $0.05 $0.10 $0.15 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.04 Current fiscal year, 60 days ago: $0.04 Current fiscal year, 30 days ago: $0.04 Current fiscal year, 7 days ago: $0.04 Current fiscal year, Now: −$0.01 −$0.01 Next fiscal year, 90 days ago: $0.15 Next fiscal year, 60 days ago: $0.15 Next fiscal year, 30 days ago: $0.15 Next fiscal year, 7 days ago: $0.15 Next fiscal year, Now: $0.12 $0.12

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.04$0.15
60 days ago $0.04$0.15
30 days ago $0.04$0.15
7 days ago $0.04$0.15
Now −$0.01$0.12

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.00 −$0.01 0.0%
Mar 2026 $0.00 −$0.04 0.0%
Dec 2025 $0.02 −$0.11 −650.0%
Sept 2025 $0.05 $0.04 −20.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 11, 2026

No numeric guidance in Microvast Holdings, Inc.'s latest earnings release (filed August 11, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622

Counts of recommendations published by analysts covering Microvast Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.9%
of tradable shares
Days to cover
4.19
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
23%
of shares
Held by insiders
44.9%
of shares
Employees
1,908
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −89.4%

$5.45 on October 31, 2025 to $0.58

ThenNowEffect
Revenue (last 12 months) $423m $368m −13.0%
P/S multiple 4.3x 0.5x −87.9%
Share count 335m 334m +0.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −59.4%

$1.42 on November 3, 2023 to $0.58

ThenNowEffect
Revenue (last 12 months) $225m $368m +63.1%
P/S multiple 1.9x 0.5x −73.0%
Share count 307m 334m −7.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MVST−67%−73%−9%+48%+35%−79%
Industry peers (median)−4%−30%−18%−8%+11%−35%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MVST33%33%42%25%50%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MVST−77%−85%−67%−89%−57%−86%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since March 27, 2019: 99% from February 1, 2021 to November 7, 2024. Getting back needed a 15117% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.49 – $5.40
From 52-week high
−89.3%
vs 50-day average
−7.6%
vs 200-day average
−58.1%
Volatility (1 year)
91%
Beta vs S&P 500
2.93

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±43.9%
After a week
4 up, 8 down
typical move ±45.3%
After a month
4 up, 8 down
typical move ±79.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +5.1% −0.1% −13.0% −28.8%
May 11, 2026 −33.8% +0.1% −41.3% −46.9%
March 16, 2026 −31.8% +1.3% −28.7% −13.9%
November 10, 2025 −9.1% +1.8% −27.0% −31.6%
August 12, 2025 −4.6% +1.4% −16.2% −6.6%
May 12, 2025 +41.4% +4.0% +63.2% +91.8%
March 31, 2025 +34.8% +1.0% +56.5% +67.8%
November 12, 2024 +307.7% −0.3% +220.5% +546.2%
August 9, 2024 −14.1% +0.5% −23.0% −49.5%
May 9, 2024 +8.7% +0.7% +6.9% +1.8%
April 2, 2024 −32.2% −0.5% −43.5% −54.9%
November 9, 2023 +3.0% +0.8% −3.7% −14.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Microvast Holdings, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Microvast Holdings, Inc.
$250M $300M $350M $400M $450M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $266.8M Revenue (TTM), FY23 Q4: $306.6M Revenue (TTM), FY24 Q1: $341M Revenue (TTM), FY24 Q2: $349.7M Revenue (TTM), FY24 Q3: $371M Revenue (TTM), FY24 Q4: $379.8M Revenue (TTM), FY25 Q1: $414.9M Revenue (TTM), FY25 Q2: $422.6M Revenue (TTM), FY25 Q3: $444.5M Revenue (TTM), FY25 Q4: $427.5M Revenue (TTM), FY26 Q1: $371.6M Revenue (TTM), FY26 Q2: $367.6M $367.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $266.8M
FY23 Q4 $306.6M
FY24 Q1 $341M
FY24 Q2 $349.7M
FY24 Q3 $371M
FY24 Q4 $379.8M
FY25 Q1 $414.9M
FY25 Q2 $422.6M
FY25 Q3 $444.5M
FY25 Q4 $427.5M
FY26 Q1 $371.6M
FY26 Q2 $367.6M
Revenue growth, TTM YoY Microvast Holdings, Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 29.2% Revenue growth, TTM YoY, FY23 Q4: 49.9% Revenue growth, TTM YoY, FY24 Q1: 58.8% Revenue growth, TTM YoY, FY24 Q2: 55.2% Revenue growth, TTM YoY, FY24 Q3: 39.0% Revenue growth, TTM YoY, FY24 Q4: 23.9% Revenue growth, TTM YoY, FY25 Q1: 21.7% Revenue growth, TTM YoY, FY25 Q2: 20.8% Revenue growth, TTM YoY, FY25 Q3: 19.8% Revenue growth, TTM YoY, FY25 Q4: 12.6% Revenue growth, TTM YoY, FY26 Q1: -10.4% Revenue growth, TTM YoY, FY26 Q2: -13.0% -13.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 29.2%
FY23 Q4 49.9%
FY24 Q1 58.8%
FY24 Q2 55.2%
FY24 Q3 39.0%
FY24 Q4 23.9%
FY25 Q1 21.7%
FY25 Q2 20.8%
FY25 Q3 19.8%
FY25 Q4 12.6%
FY26 Q1 -10.4%
FY26 Q2 -13.0%
Operating margin (TTM) Microvast Holdings, Inc.
-60% -40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -44.6% Operating margin (TTM), FY23 Q4: -34.8% Operating margin (TTM), FY24 Q1: -28.9% Operating margin (TTM), FY24 Q2: -48.7% Operating margin (TTM), FY24 Q3: -36.9% Operating margin (TTM), FY24 Q4: -30.6% Operating margin (TTM), FY25 Q1: -18.7% Operating margin (TTM), FY25 Q2: 7.1% Operating margin (TTM), FY25 Q3: 8.1% Operating margin (TTM), FY25 Q4: -0.9% Operating margin (TTM), FY26 Q1: -7.3% Operating margin (TTM), FY26 Q2: -10.3% -10.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -44.6%
FY23 Q4 -34.8%
FY24 Q1 -28.9%
FY24 Q2 -48.7%
FY24 Q3 -36.9%
FY24 Q4 -30.6%
FY25 Q1 -18.7%
FY25 Q2 7.1%
FY25 Q3 8.1%
FY25 Q4 -0.9%
FY26 Q1 -7.3%
FY26 Q2 -10.3%
FCF margin (TTM) Microvast Holdings, Inc.
-150% -100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -107.0% FCF margin (TTM), FY23 Q4: -85.5% FCF margin (TTM), FY24 Q1: -65.5% FCF margin (TTM), FY24 Q2: -39.6% FCF margin (TTM), FY24 Q3: -18.6% FCF margin (TTM), FY24 Q4: -6.6% FCF margin (TTM), FY25 Q1: -2.9% FCF margin (TTM), FY25 Q2: 6.0% FCF margin (TTM), FY25 Q3: 10.4% FCF margin (TTM), FY25 Q4: 13.1% FCF margin (TTM), FY26 Q1: 6.9% FCF margin (TTM), FY26 Q2: -8.3% -8.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -107.0%
FY23 Q4 -85.5%
FY24 Q1 -65.5%
FY24 Q2 -39.6%
FY24 Q3 -18.6%
FY24 Q4 -6.6%
FY25 Q1 -2.9%
FY25 Q2 6.0%
FY25 Q3 10.4%
FY25 Q4 13.1%
FY26 Q1 6.9%
FY26 Q2 -8.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 76 108 152 204 307 380 428 368
Gross profit −0 17 −43 9 57 120 122 92
Operating income −54 −29 −194 −160 −107 −116 7 −38
Net income 3 −2 −206 −158 −106 −195 −29 51
Diluted EPS −$0.07 −$0.82 −$1.26 −$0.52 −$0.34 −$0.61 −$0.09 $0.15
Growth (year on year)
Revenue — +40.7% +41.3% +34.6% +49.9% +23.9% +12.6% −13.0%
Operating income — — — — — — — −225.8%
Net income — −171.4% — — — — — —
Margins
Gross margin −0.3% 15.9% −28.1% 4.4% 18.7% 31.5% 28.6% 25.1%
Operating margin −70.5% −27.1% −127.7% −78.2% −34.8% −30.6% 1.6% −10.3%
Net margin 4.4% −2.3% −135.9% −77.4% −34.7% −51.5% −6.8% 13.9%
Free-cash-flow margin −9.0% −2.9% −87.4% −100.2% −85.5% −6.6% 13.1% −8.3%
Cash flow
Cash from operations 13 16 −45 −54 −75 3 76 −2
Capital spending 20 19 88 151 187 28 20 29
Free cash flow −7 −3 −133 −205 −262 −25 56 −31
Stock-based pay — 0 83 91 65 31 3 3
Free cash flow after stock pay — −3 −216 −296 −327 −56 53 −34
Balance sheet
Cash 0 21 481 231 45 73 105 128
Total debt 0 36 61 97 107 175 247 119
Net debt (negative = net cash) −0 14 −420 −134 63 102 142 −9
Diluted shares 8m 99m 186m 303m 311m 318m 325m 334m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $952m
Short-term assets $375mLonger-term assets $577m
What it owes, and who funded it · $952m
Short-term liabilities $344mLonger-term liabilities $65mShareholders' equity $543m
  • Short-term assets cover short-term liabilities $375m of assets due within a year against $344m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $375m short-term assets against $65m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$38m against $5m of interest.

From Microvast Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−0.5%
year over year
R&D spending
9.7%
of revenue
Days sales outstanding
120 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated MVST AMSC CHPT APWC VICR ALNT Median
Revenue, last 12 months $368m $321m $433m $490m $561m $575m $154m
Revenue growth, last 12 months −13.0% 25.9% 8.8% 3.6% 27.0% 10.6% 10.6%
Revenue growth, 3-year average 17.7% 41.4% −8.2% — 10.3% 1.0% 9.2%
Revenue growth, latest quarter −4.5% 30.0% 17.7% — 78.5% 10.2% 10.2%
Gross margin 25.1% 28.6% 32.1% 7.0% 60.6% 33.3% 29.3%
Operating margin −10.3% 4.9% −41.2% 1.3% 24.9% 8.4% −17.7%
Operating margin, 3-year average −17.3% 0.7% −61.9% 1.4% 13.7% 7.1% −32.6%
Net margin 13.9% 42.6% −40.6% 0.7% 32.2% 5.0% −23.4%
Cash from operations / revenue −0.5% 10.9% −14.9% −1.6% 17.1% 6.7% −6.5%
Free-cash-flow margin −8.3% 6.4% −15.8% −2.3% 9.1% 4.8% −11.0%
Free-cash-flow margin, 3-year average −14.0% 7.0% −32.2% −5.9% 15.0% 7.2% −6.8%
Stock pay / revenue 0.9% 5.6% 11.6% — 3.2% 0.6% 2.5%
Change in share count −0.5% 24.1% 5.0% 0.0% 4.0% 1.0% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth -13.0% 10.6% 51 of 57
Change in growth rate Growth -2.6pp +0.0pp 33 of 57
Gross margin Profitability 25.1% 29.3% 31 of 54
Operating margin Profitability -10.3% -20.0% 24 of 53
Net margin Profitability 13.9% -23.4% 6 of 57
Free-cash-flow margin Cash generation -8.3% -8.8% 27 of 56
Stock pay as % of revenue Cash generation 0.9% 2.8% 17 of 50
Long-term debt as % of assets Balance sheet 1.3% 17.8% 5 of 40
Change in share count Balance sheet -0.5% 10.0% 11 of 46
Days sales outstanding Balance sheet 120 days 72 days 39 of 50

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue YoY
Europe $212M ▲ 12.9%
Asia Pacific $176M ▼ 0.8%
China $139M ▲ 9.3%
IT $92.9M ▼ 38.4%
France $78.2M ▲ 512.6%
Other European Countries $40.8M ▲ 69.0%
United States $39.3M ▲ 173.2%
India $34.6M ▼ 29.1%
Other Asia and Pacific Countries $2.8M ▲ 53.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Microvast Holdings, Inc.'s 10-K filed March 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$96.7M
Institutions reporting
157
Shares held vs prior quarter
▲ 9.2%
Positions opened / closed
18 / 32

Top buyers and sellers, Q2 2026: 82 institutions bought and 78 sold ; the biggest buyer was Legal & General Group PLC (+8.1M shares) and the biggest seller Dimensional Fund Advisors LP (−2.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $19.3M 16.5M 20.0% ▲ 7.4%
Vanguard Capital Management LLC $10.2M 8.7M 10.5% ▲ 0.9%
Legal & General Group PLC $9.7M 8.3M 10.0% ▲ 5697.8%
State Street Corp $8.9M 7.6M 9.2% ▲ 41.5%
Geode Capital Management, LLC $6.5M 5.5M 6.7% ▲ 10.9%
Millennium Management LLC $5.7M 4.9M 5.9% ▲ 47.3%
Mirae Asset Global Etfs Holdings Ltd. $5.6M 5.0M 5.8% ▲ 2565.5%
Northern Trust Corp $2.1M 1.8M 2.2% ▲ 11.5%
Vanguard Portfolio Management LLC $2M 1.7M 2.0% ▼ 15.2%
Goldman Sachs Group Inc $1.9M 1.7M 2.0% ▼ 50.2%
Charles Schwab Investment Management Inc $1.8M 1.6M 1.9% ▼ 4.3%
Vanguard Fiduciary Trust Co $1.7M 1.4M 1.7% ▲ 2.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Microvast Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $178,433 7 trades by 5 insiders · 25% under pre-set plans
Net ▼ $178,433 net selling
Insider Date Trade Shares Price Value
Mattis Wenjuan Chief Technology Officer June 10, 2026 Sell 4,705 $1.10 $5,176
Wu Yang Chief Executive Officer June 9, 2026 Sell 46,313 $1.24 $57,428
Tushe Isida Pres., Gen. Couns. & Corp. Sec June 9, 2026 Sell 6,403 $1.24 $7,940
Mattis Wenjuan Chief Technology Officer May 18, 2026 Sell 48,346 $1.32 $63,817
Pan Yixin Director December 31, 2025 Sell pre-set plan 11,935 $2.76 $32,941
Pan Yixin Director December 31, 2025 Sell pre-set plan 661 $2.78 $1,838
Worthen Rodney Chief Financial Officer November 25, 2025 Sell pre-set plan 2,671 $3.48 $9,295

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 11, 2026
  • March 16, 2026
  • November 10, 2025
  • August 12, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Microvast Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Microvast Holdings, Inc. in brief

What does Microvast Holdings, Inc. do?
Microvast Holdings, Inc. is a US-listed company in the electrical components & equipment industry. Its financial year ends in December.
What is Microvast Holdings, Inc.'s stock ticker?
Microvast Holdings, Inc. trades under the ticker MVST on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Microvast Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Microvast Holdings, Inc. reported revenue of $368M, 13.0% lower than a year earlier, according to its SEC filings.
What is Microvast Holdings, Inc.'s free cash flow?
Microvast Holdings, Inc.'s free-cash-flow margin is -8.3% of revenue over the trailing twelve months, ranking 27 of the 56 electrical components & equipment companies we cover.
Who are Microvast Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Legal & General Group PLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Microvast Holdings, Inc.'s market cap?
On November 2, 2026, Microvast Holdings, Inc.'s market capitalisation was about $192M, with a price-to-earnings ratio of 3.7 and net debt of -$9.2M. Market figures come from third-party market data and may be delayed.
Who are Microvast Holdings, Inc.'s competitors?
In our Electrical Components & Equipment peer group, the companies closest to Microvast Holdings, Inc. are American Superconductor Corp, Chargepoint Holdings, Inc., Asia Pacific Wire & Cable Corp LTD, Vicor Corp and Allient Inc. The side-by-side comparison below sets their revenue, margins and growth against Microvast Holdings, Inc.'s.
Are insiders buying or selling Microvast Holdings, Inc. stock?
Over the last 12 months, Microvast Holdings, Inc.'s directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Microvast Holdings, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Microvast Holdings, Inc. announces its own schedule.