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Microvast Holdings, Inc. income statement

In fiscal 2025, Microvast Holdings, Inc. reported revenue of $428m, up 12.6% on the year before, operating income of $7.0m (a 1.6% margin) and net income of −$29.2m, or −$0.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue76108152204307380428368
Cost of revenue7790195195249260——
Gross profit−017−4395712012292
Research and development2617344445413436
Selling and marketing1614212324232222
General and administrative151910210397815870
Operating income−54−29−194−160−107−1167−38
Interest expense665331055
Provision for credit losses————048—
Income before tax−59−34−206−158−106−195−35—
Income tax000000−5—
Net income3−2−206−158−106−195−2951
Diluted EPS−$0.07−$0.82−$1.26−$0.52−$0.34−$0.61−$0.09$0.15
Diluted shares (average)8m99m186m303m311m318m325m334m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Microvast Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Microvast Holdings, Inc.