Microvast Holdings, Inc. (MVSTW) Financial Statements (2026 and earlier)

Company Profile

Business Address 12603 SOUTHWEST FREEWAY, SUITE 210
STAFFORD, TX 77477
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments104,96373,00750,175256,490480,931136
Cash and cash equivalent104,96373,00744,541231,420480,931136
Short-term investments   5,63425,070  
Restricted cash and investments64,27536,57237,47770,73255,178 
Receivables155,763120,626138,717119,30411,144 
Inventory, net of allowances, customer advances and progress billings89,411143,327149,74984,25253,424 
Inventory89,411143,327149,74984,25253,424 
Prepaid expense 3,2956,8135,8005,07517,127 
Asset, held-for-sale, not part of disposal group11,50019,896    
Other undisclosed current assets19,51627,78543,6889,21488,80222
Total current assets:448,723428,026425,606545,067706,606158
Noncurrent Assets
Operating lease, right-of-use asset17,33617,62819,50716,36814,008 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization508,057478,189620,667335,140253,057 
Long-term investments and receivables      282,255
Long-term investments      282,255
Intangible asset, including goodwill, after accumulated amortization2,1832,6073,1361,6361,882 
Intangible asset, excluding goodwill, after accumulated amortization2,1832,6073,1361,6361,882 
Restricted cash and investments  226,171465  
Deferred income tax assets5,429     
Other noncurrent assets12,15014,0249,66173,64219,738 
Other undisclosed noncurrent assets11,57011,37111,98412,639  
Total noncurrent assets:556,725523,841671,126439,890288,685282,255
TOTAL ASSETS:1,005,448951,8671,096,732984,957995,291282,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:57,71775,685127,05258,98545,354321
Interest and dividends payable✕✕✕✕✕1,836 
Taxes payable✕✕✕✕✕666303
Accounts payable47,00364,940112,61844,98540,408 
Accrued liabilities 10,71410,74514,43414,0002,444 
Other undisclosed accounts payable and accrued liabilities      18
Deferred revenue5,60543,67843,08754,207  
Debt312,302122,42298,76685,83974,254200
Derivative instruments and hedges, liabilities 15     
Other liabilities   14,3128,60810,636 
Due to related parties✕✕✕✕  22
Other undisclosed current liabilities112,70288,368120,19344,77045,350103
Total current liabilities:488,341330,153403,410252,409175,594646
Noncurrent Liabilities
Long-term debt and lease obligation13,227145,675    
Long-term debt, excluding current maturities13,227145,675    
Liabilities, other than long-term debt51,67444,69742,14746,56058,747221
Deferred compensation liability, classified 989819913118,925 
Deferred income tax liabilities      21
Due to related parties✕✕✕✕  200
Other liabilities37,10030,00324,86132,08239,822 
Operating lease, liability14,47614,59617,08714,347  
Other undisclosed noncurrent liabilities 41,69343,44786,98573,01174,2524,204
Total noncurrent liabilities:106,594233,819129,132119,571132,9994,426
Total liabilities:594,935563,972532,542371,980308,5935,072
Temporary equity, including noncontrolling interest      272,342
Equity
Equity, attributable to parent, including:410,513381,863558,158606,945680,6665,000
Common stock34333231301
Additional paid in capital1,543,7971,512,9821,481,2411,416,1601,306,0344,029
Accumulated other comprehensive income (loss)(17,174)(38,194)(25,614)(18,081)6,701 
Retained earnings (accumulated deficit)(1,122,176)(1,092,958)(897,501)(791,165)(632,099)970
Other undisclosed equity, attributable to parent6,032     
Other undisclosed equity  6,0326,0326,0326,032 
Total equity:410,513387,895564,190612,977686,6985,000
TOTAL LIABILITIES AND EQUITY:1,005,448951,8671,096,732984,957995,291282,413

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues427,516379,801306,617204,495151,976 
Cost of revenue(305,406)(260,249)(249,390)(195,422)(194,719) 
Other cost of operating revenue (272,899)     
Gross profit:122,110119,55257,2279,073(42,743) 
Operating expenses(118,269)(238,300)(165,909)(170,691)(157,448)(922)
Other undisclosed operating income3,1422,6581,9531,6726,127 
Operating income (loss):6,983(116,090)(106,729)(159,946)(194,064)(922)
Nonoperating income (expense)244156(713)944(62)(1,135)
Gain (loss), foreign currency transaction, before tax6,957     
Other nonoperating income (expense)     (1,135)
Interest and debt expense(3,606)(305)(2,628)(3,323)(5,411) 
Income (loss) from continuing operations before equity method investments, income taxes:3,621(116,239)(110,070)(162,325)(199,537)(2,057)
Other undisclosed income (loss) from continuing operations before income taxes(38,164)(79,218)3,6684,158(6,946) 
Loss from continuing operations before income taxes:(34,543)(195,457)(106,402)(158,167)(206,483)(2,057)
Income tax expense (benefit)5,325 (10)(33) (367)
Loss from continuing operations:(29,218)(195,457)(106,412)(158,200)(206,483)(2,424)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(206,483)(2,424)
Other undisclosed net income      
Net loss:(29,218)(195,457)(106,412)(158,200)(206,483)(2,424)
Net income attributable to noncontrolling interest   76   
Net loss available to common stockholders, basic:(29,218)(195,457)(106,336)(158,200)(206,483)(2,424)
Other undisclosed net loss available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(29,218)(195,457)(106,336)(158,200)(206,483)(2,424)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(29,218)(195,457)(106,412)(158,200)(206,483)(2,424)
Other comprehensive loss    (182,982)(207,138) 
Other undisclosed comprehensive income (loss)21,020(12,580)(7,621)   
Comprehensive loss:(8,198)(208,037)(114,033)(341,182)(413,621)(2,424)
Comprehensive income, net of tax, attributable to noncontrolling interest   164   
Other undisclosed comprehensive income, net of tax, attributable to parent    182,982207,138 
Comprehensive loss, net of tax, attributable to parent:(8,198)(208,037)(113,869)(158,200)(206,483)(2,424)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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