| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Changes in fair value of warrant liability and convertible loan | NaN | -39,121 | NaN | NaN |
| Allowance of credit losses | NaN | 7,991 | NaN | NaN |
| Write-down for obsolete inventories | NaN | 28,998 | 4,724 | 0 |
| Net profit | 48,211 | 16,539 | -1,489 | -44,268 |
| Impairment loss of long-lived assets | NaN | 2,742 | 36 | 1,364 |
| Loss on disposal of property, plant and equipment | NaN | 2 | 265 | 147 |
| Gain on debt restructuring | NaN | 505 | 0 | 792 |
| Interest expense | NaN | 0 | 0 | 0 |
| Depreciation of property, plant and equipment | 8,082 | 8,189 | 8,078 | 16,091 |
| Amortization of land use right and intangible assets | NaN | NaN | 194 | 384 |
| Amortization of land use rights and intangible assets | NaN | 773 | NaN | NaN |
| Noncash lease expenses | 717 | 655 | 651 | 1,311 |
| Share-based compensation | 1,008 | 795 | 728 | 1,549 |
| Changes in fair value of warrant liability and convertible loan | 154,840 | NaN | -12,641 | -78,361 |
| (reversal) provision of credit losses | -2,643 | NaN | -347 | 2,191 |
| Product warranty | 2,417 | 3,797 | 4,864 | 8,512 |
| Deferred tax benefit | NaN | -5,429 | NaN | NaN |
| Other, net | -1,680 | NaN | NaN | NaN |
| Notes receivable | 3,277 | 9,073 | 4,313 | 13,957 |
| Accounts receivable | -33,464 | 4,299 | 22,447 | 513 |
| Inventories | 7,000 | -9,707 | -10,331 | -7,051 |
| Prepaid expenses and other current assets | -918 | -1,332 | 1,262 | -8,830 |
| Amounts due from/to related parties | 15 | 2 | 0 | -5 |
| Operating lease right-of-use assets | 401 | -146 | -163 | 784 |
| Other non-current assets | -1,754 | 441 | -758 | -312 |
| Notes payable | -27,045 | 19,823 | 13,026 | -8,801 |
| Accounts payable | -1,262 | -13,380 | -13,077 | 6,264 |
| Advance from customers | 980 | -171 | -35,897 | -2,279 |
| Accrued expenses and other liabilities | -16,290 | 298 | 37,091 | -16,802 |
| Operating lease liabilities | -255 | -605 | -541 | -640 |
| Other non-current liabilities | -1,875 | 2,839 | 986 | 797 |
| Proceeds on disposal of property, plant and equipment | NaN | 3,789 | NaN | NaN |
| Net cash (used in) generated from operating activities | -22,796 | 16,422 | 15,163 | 44,323 |
| Purchase of short-term investments | NaN | 0 | NaN | NaN |
| Proceeds from maturity of short-term investments | NaN | 0 | 0 | 0 |
| Purchases of property, plant and equipment | 2,855 | 643 | 13,984 | 5,207 |
| Proceeds on disposal of property, plant and equipment | -3,685 | NaN | 3,607 | 129 |
| Convertible loan | NaN | 0 | 0 | 0 |
| Net cash used in investing activities | -2,804 | -590 | -10,377 | -5,078 |
| Proceeds from bank borrowings | 51,721 | 15,658 | 10,479 | 59,571 |
| Payment for debt issuance costs | NaN | 0 | 0 | 0 |
| Repayment of bank borrowings | 20,804 | 30,105 | 9,781 | 56,184 |
| Proceeds from sale of common stocks | NaN | 28,750 | NaN | NaN |
| Repayment of bonds payable | 0 | 0 | 0 | 1,375 |
| Payment for equity issuance costs | 224 | 809 | NaN | NaN |
| Deferred payment related to purchases of property, plant and equipment | 1,368 | 6,633 | 3,443 | 8,811 |
| Net cash generated from financing activities | 29,325 | 6,861 | -2,745 | -6,799 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,031 | 3,918 | 1,766 | -3,227 |
| Increase in cash, cash equivalents and restricted cash | 4,756 | 26,611 | 3,807 | 29,219 |
| Cash, cash equivalents and restricted cash at beginning of the year | NaN | 142,627 | NaN | NaN |
| Cash, cash equivalents and restricted cash at beginning of the period | 169,238 | NaN | 109,601 | NaN |
| Cash, cash equivalents and restricted cash at end of the year | NaN | 169,238 | NaN | NaN |
| Cash, cash equivalents and restricted cash at end of the period | 173,994 | NaN | 142,627 | NaN |
Microvast Holdings, Inc. (MVSTW)
Microvast Holdings, Inc. (MVSTW)