For the quarter ending 2025-09-30, MVST made $123,287,000 in revenue. -$1,489,000 in net income. Net profit margin of -1.21%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenues | 123,287,000 | 91,339,000 | 116,491,000 | 97,369,000 |
| Cost of revenues | 76,875,000 | 59,616,000 | 73,475,000 | 67,996,500 |
| Gross profit | 46,412,000 | 31,723,000 | 43,016,000 | 29,372,500 |
| General and administrative expenses | 19,663,000 | 3,997,000 | 10,453,000 | 23,067,000 |
| Research and development expenses | 7,757,000 | 7,719,000 | 8,248,000 | 10,133,000 |
| Selling and marketing expenses | 6,006,000 | 3,424,000 | 6,799,000 | 6,293,500 |
| Impairment loss of long-lived assets | 36,000 | 1,364,000 | - | 2,567,000 |
| Total operating expenses | 33,462,000 | 16,504,000 | 25,500,000 | 42,060,500 |
| Subsidy income | 44,000 | 995,000 | 1,416,000 | 420,500 |
| Profit/(loss) from operations | 12,994,000 | 16,214,000 | 18,932,000 | -12,267,500 |
| Interest income | 236,000 | 198,000 | 177,000 | 155,000 |
| Interest expense | 1,255,000 | 1,252,000 | 1,188,000 | 1,663,500 |
| Changes in fair value of warrant liability and convertible loan | -12,641,000 | -121,521,000 | 43,160,000 | -40,579,000 |
| Gain on debt restructuring | 0 | 403,000 | 389,000 | 2,351,500 |
| Other (expense) income, net | -84,000 | 120,000 | 320,000 | -3,922,000 |
| (loss)/profit before provision for income taxes | -750,000 | -105,838,000 | 61,790,000 | -53,574,000 |
| Income tax expense | 739,000 | 220,000 | - | 0 |
| Net (loss)/profit | -1,489,000 | -106,058,000 | 61,790,000 | -53,574,000 |
| Net (loss)/profit attributable to microvast holdings, inc.'s stockholders | -1,489,000 | -106,058,000 | 61,790,000 | -53,574,000 |
| Basic net (loss)/profit per share (in dollars per share) | 0 | -0.33 | 0.19 | -0.165 |
| Diluted net (loss)/profit per share (in dollars per share) | 0 | -0.33 | 0.05 | -0.16 |
| Weighted average shares used in calculating net (loss)/profit per share of common stock, basic (in shares) | 323,755,691 | 323,643,200 | 323,430,721 | -158,796,048.5 |
| Weighted average shares used in calculating net (loss)/profit per share of common stock, diluted (in shares) | 323,755,691 | 323,643,200 | 374,425,026 | -182,038,945 |
Microvast Holdings, Inc. (MVST)
Microvast Holdings, Inc. (MVST)