For the year ending 2025-12-31, MVST made $427,516K in revenue. -$29,218K in net income. Net profit margin of -6.83%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenues | 427,516 | 379,801 | ||
| Cost of revenues | 272,899 | 260,249 | ||
| Energy storage system impairment | 32,507 | - | ||
| Gross profit | 122,110 | 119,552 | ||
| General and administrative expenses | 57,821 | 81,486 | ||
| Research and development expenses | 34,109 | 41,065 | ||
| Selling and marketing expenses | 22,197 | 22,576 | ||
| Impairment loss of long-lived assets | 4,142 | 93,173 | ||
| Total operating expenses | 118,269 | 238,300 | ||
| Subsidy income | 3,142 | 2,658 | ||
| Income/(loss) from operations | 6,983 | -116,090 | ||
| Interest income | 957 | 742 | ||
| Interest expense | 4,903 | 9,711 | ||
| Changes in fair value of warrant liability and convertible loan | -39,121 | - | ||
| Gain on debt restructuring | 1,297 | 9,406 | ||
| Changes in fair value of warrant liability and convertible loan | - | -79,960 | ||
| Other income (expense), net | 244 | 156 | ||
| Loss before provision for income tax | -34,543 | -195,457 | ||
| Benefit from (provision for) income taxes | -5,325 | 0 | ||
| Net loss | -29,218 | -195,457 | ||
| Net loss attributable to noncontrolling interests | 0 | - | ||
| Net loss attributable to common stockholders | -29,218 | -195,457 | ||
| Basic EPS | -0.09 | -0.61 | ||
| Diluted EPS | -0.09 | -0.61 | ||
| Basic Average Shares | 324,689,242 | 318,462,843 | ||
| Diluted Average Shares | 324,689,242 | 318,462,843 | ||
Microvast Holdings, Inc. (MVST)
Microvast Holdings, Inc. (MVST)