Income Statement - Microvast Holdings, Inc. (MVST)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | |
|---|---|---|---|---|---|---|---|---|
| Total revenue | 427.52 | 379.80 | 306.62 | 204.50 | 151.98 | 107.52 | 76.43 | 174.24 |
| Cost of revenue | 272.90 | 260.25 | 249.39 | 195.42 | 194.72 | 90.38 | 76.67 | 153.39 |
| Gross profit | 154.62 | 119.55 | 57.23 | 9.07 | -42.74 | 17.14 | -0.23 | 20.85 |
| Total operating expenses | 114.13 | 235.64 | 163.96 | 169.02 | 151.32 | 46.25 | 53.63 | 73.14 |
| Operating income | 40.49 | -116.09 | -106.73 | -159.95 | -194.06 | -29.11 | -53.86 | -57.99 |
| Non-operating income (net) | -75.03 | -79.37 | 0.33 | 1.78 | -12.42 | -4.52 | -5.61 | 3.72 |
| Income before tax | -34.54 | -195.46 | -106.40 | -158.17 | -206.48 | -33.62 | -59.47 | -54.27 |
| Income tax expense | -5.33 | -195.46 | 0.01 | 0.03 | 5.01 | 0.00 | 0.19 | 6.43 |
| Net income | -29.22 | -195.46 | -106.34 | -158.20 | -216.01 | -49.55 | -72.59 | -100.03 |
Show Quarterly Income Statement
Income Statement - Microvast Holdings, Inc. (MVST)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 60.61 | 96.40 | 123.29 | 91.34 | 116.49 | 113.39 | 101.39 | 83.68 | 81.35 | 80.12 | 74.95 | 46.97 | 64.80 | 38.62 | 64.41 | 36.67 | 66.77 | 36.89 | 33.37 | 14.94 | 48.12 | 30.75 | 21.70 | 6.95 | 30.82 | |||
| Cost of revenue | 41.46 | 95.44 | 76.88 | 59.62 | 73.48 | 71.87 | 67.78 | 56.48 | 64.13 | 62.23 | 63.49 | 42.12 | 62.57 | 36.62 | 59.57 | 36.66 | 65.62 | 72.78 | 40.15 | 16.18 | 39.43 | 27.08 | 0.25 | 5.09 | 37.36 | 0.26 | 0.20 | |
| Gross profit | 19.16 | 0.96 | 46.41 | 31.72 | 43.02 | 41.52 | 33.61 | 27.20 | 17.23 | 17.88 | 11.46 | 4.86 | 2.23 | 1.99 | 4.84 | 0.01 | 1.15 | -35.89 | -6.77 | -1.24 | 8.69 | 3.68 | 21.45 | 1.86 | -6.54 | -0.26 | -0.20 | |
| Total operating expenses | 27.09 | 39.37 | 33.42 | 15.51 | 24.08 | 66.05 | 26.43 | 125.94 | 40.34 | 44.23 | 38.33 | 36.16 | 36.85 | 39.08 | 49.81 | 43.27 | 48.75 | 77.41 | 15.57 | 9.60 | 11.81 | 12.77 | 0.25 | 11.69 | 10.54 | 0.26 | 0.20 | 0.07 |
| Operating income | -7.93 | -38.42 | 12.99 | 16.21 | 18.93 | -24.53 | 7.19 | -98.74 | -23.12 | -26.35 | -26.87 | -31.30 | -34.63 | -37.09 | -44.97 | -43.26 | -47.59 | -113.30 | -22.34 | -10.84 | -5.91 | -9.10 | -0.25 | -10.01 | -16.50 | -0.26 | -0.20 | -0.07 |
| Non-operating income (net) | 56.15 | 48.67 | -13.74 | -122.05 | 42.86 | -80.91 | 6.06 | -2.82 | -1.71 | 0.18 | 0.79 | 1.73 | 0.96 | 0.55 | 0.79 | -0.52 | 0.63 | -3.07 | -4.62 | -5.36 | 1.35 | -1.26 | -0.09 | 12.25 | 17.67 | 1.39 | 1.80 | 0.43 |
| Income before tax | 48.21 | 10.26 | -0.75 | -105.84 | 61.79 | -105.44 | 13.25 | -101.56 | -24.83 | -26.17 | -26.08 | -29.57 | -33.67 | -36.54 | -44.18 | -43.78 | -46.96 | -116.37 | -26.96 | -16.19 | -4.56 | -10.36 | -0.34 | 2.24 | 1.17 | 1.13 | 1.61 | 0.36 |
| Income tax expense | -6.28 | 0.74 | 0.22 | -82.32 | 0.01 | -0.04 | 0.26 | 0.01 | 0.03 | 1.12 | 0.90 | 0.80 | -0.32 | 0.11 | 0.11 | 0.11 | 0.00 | -0.27 | -0.04 | 0.14 | 0.09 | 0.23 | 0.34 | 0.08 | ||||
| Net income | 48.21 | 16.54 | -1.49 | -106.06 | 61.79 | -105.44 | 13.25 | -101.56 | -24.83 | -26.13 | -26.09 | -29.58 | -33.70 | -36.54 | -44.18 | -43.78 | -46.64 | -117.99 | -31.11 | -20.27 | -0.13 | -14.09 | -0.16 | -22.94 | -29.09 | 0.90 | 1.27 | 0.28 |