For the quarter ending 2026-03-31, MVSTW has $987,496K in assets. $521,390K in debts. $126,129K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 126,129 | 104,963 | 90,748 | 99,721 |
| Restricted cash | 47,865 | 64,275 | 51,879 | 39,099 |
| Accounts receivable (net of allowance for credit losses of 4,028 and 4,693 as of march31, 2026 and december31, 2025, respectively) | 123,592 | 155,763 | 149,274 | 125,920 |
| Notes receivable | 5,511 | 5,590 | 1,497 | 4,206 |
| Inventories, net | 95,037 | 89,411 | 126,942 | 141,749 |
| Prepaid expenses and other current assets | 16,189 | 17,221 | 24,925 | 19,896 |
| Assets held for sale | 11,500 | 11,500 | 0 | 4,000 |
| Total current assets | 425,823 | 448,723 | 445,265 | 434,591 |
| Restricted cash | - | 0 | 0 | 0 |
| Property, plant and equipment, net | 510,050 | 508,057 | 524,016 | 521,951 |
| Land use rights, net | 11,654 | 11,570 | 11,439 | 11,440 |
| Acquired intangible assets, net | 2,077 | 2,183 | 2,281 | 2,394 |
| Operating lease right-of-use assets | 16,769 | 17,336 | 18,116 | 18,967 |
| Deferred tax assets | 5,429 | 5,429 | - | - |
| Other non-current assets | 15,694 | 12,150 | 12,490 | 15,349 |
| Total assets | 987,496 | 1,005,448 | 1,013,607 | 1,004,692 |
| Short-term bank borrowings | - | 93,052 | - | - |
| Income tax payables | - | 99 | 655 | 654 |
| Accounts payable | 46,370 | 47,003 | 59,797 | 72,497 |
| Notes payable | 52,263 | 78,321 | 57,197 | 43,827 |
| Accrued expenses and other current liabilities | 109,472 | 123,315 | 128,770 | 101,502 |
| Advance from customers | 6,663 | 5,605 | 5,678 | 41,542 |
| Other current liabilities | 17 | 2 | 0 | 0 |
| Convertible loan measured at fair value | 76,456 | 140,929 | 193,474 | 181,475 |
| Warrant liability | - | 0 | 287 | 434 |
| Short-term bank borrowings | 111,152 | - | 84,390 | 83,166 |
| Share-based compensation liability | - | 98 | 98 | 98 |
| Warrant liability | - | 15 | - | - |
| Bonds payable | 41,693 | - | - | - |
| Convertible loan measured at fair value | - | 0 | 0 | 0 |
| Total current liabilities | 444,086 | 488,341 | 529,961 | 524,663 |
| Long-term bonds payable | 0 | 41,693 | 41,693 | 41,693 |
| Long-term bank borrowings | 27,617 | 13,227 | 34,396 | 34,181 |
| Operating lease liabilities | 13,984 | 14,476 | 15,076 | 15,656 |
| Product warranty, non-current | - | 28,612 | - | - |
| Deferred subsidy income, non-current | - | 6,190 | - | - |
| Other sundry liabilities, noncurrent | - | 2,298 | - | - |
| Other non-current liabilities | 35,703 | 37,100 | 33,984 | 31,837 |
| Total liabilities | 521,390 | 594,935 | 655,495 | 648,562 |
| Common stock (0.0001 par value, 750,000 shares authorized 334,845 and 333,474 shares issued, and 333,157 and 331,786 shares outstanding as of march31, 2026 and december31, 2025) | 34 | 34 | 33 | 33 |
| Additional paid-in capital | 1,544,805 | 1,543,797 | 1,515,285 | 1,514,531 |
| Statutory reserves | 6,032 | 6,032 | 6,032 | 6,032 |
| Accumulated deficit | -1,073,965 | -1,122,176 | -1,138,715 | -1,137,226 |
| Accumulated other comprehensive loss | -10,800 | -17,174 | -24,523 | -27,240 |
| Total equity | 466,106 | 410,513 | 358,112 | 356,130 |
| Total liabilities and equity | 987,496 | 1,005,448 | 1,013,607 | 1,004,692 |
Microvast Holdings, Inc. (MVSTW)
Microvast Holdings, Inc. (MVSTW)