Revenue
2019
2020
2021
2022
2023
2024
2025
Microvast Holdings, Inc. (MVST)
Price$0.6913Cached quote
Net income
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $427.5M | $379.8M | $306.6M | $204.5M | $152.0M | $107.5M | $76.4M |
| Gross profit | $122.1M | $119.6M | $57.2M | $9.1M | −$42.7M | $17.1M | −$231,000 |
| Gross margin | 28.56% | 31.48% | 18.66% | 4.44% | −28.12% | 15.94% | −0.30% |
| Research & development | $34.1M | $41.1M | $45.0M | $43.5M | $34.4M | $16.6M | $26.0M |
| Operating expenses | $118.3M | $238.3M | $165.9M | $170.7M | $157.4M | $49.2M | $56.9M |
| Operating income | $7.0M | −$116.1M | −$106.7M | −$159.9M | −$194.1M | −$29.1M | −$53.9M |
| Operating margin | 1.63% | −30.57% | −34.81% | −78.22% | −127.69% | −27.07% | −70.47% |
| EBITDA | $3.5M | −$154.9M | −$80.8M | −$134.5M | — | — | — |
| EBITDA margin | 0.82% | −40.79% | −26.37% | −65.76% | — | — | — |
| Net income | −$29.2M | −$195.5M | −$106.3M | −$158.2M | −$206.5M | −$2.4M | $3.4M |
| Net profit margin | −6.83% | −51.46% | −34.68% | −77.36% | −135.87% | −2.25% | 4.44% |
| Basic EPSper basic share | -$0.09 | -$0.61 | -$0.34 | -$0.52 | -$1.26 | -$0.82 | -$0.06 |
| Diluted EPSper diluted share | -$0.09 | -$0.61 | -$0.34 | -$0.52 | -$1.26 | -$0.82 | -$0.07 |
Owners
Reported shareholders
≈35.12%of listed shares
Wu Yang135.07M shares · Jun 9, 2026
View holders
| Holder | % owned |
|---|---|
Wu Yang | ≈35.12%135.07M shares |
BlackRock, Inc. | 4.30%16.54M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.27%8.72M shares |
Legal & General Group Plc | 2.15%8.28M shares |
STATE STREET CORP | 1.98%7.61M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.44%5.55M shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.29%4.98M shares |
MILLENNIUM MANAGEMENT LLC | 1.27%4.87M shares |
NORTHERN TRUST CORP | 0.47%1.83M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 0.44%1.68M shares |
GOLDMAN SACHS GROUP INC | 0.43%1.66M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.41%1.57M shares |
VANGUARD FIDUCIARY TRUST CO | 0.37%1.42M shares |
CITADEL ADVISORS LLC | 0.30%1.17M shares |
Mattis Wenjuan | ≈0.24%927.97K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.19%721.97K shares |
AQR CAPITAL MANAGEMENT LLC | 0.18%685.1K shares |
Bank of New York Mellon Corp | 0.17%666.47K shares |
PANAGORA ASSET MANAGEMENT INC | 0.17%660.47K shares |
XTX Topco Ltd | 0.17%640.91K shares |
Percentages use 384.53M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
Source: SEC Form 4 ↗Updated Sep 29, 2026 · Quarterly data
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 10, 2026Form 4 | Mattis WenjuanChief Technology Officer | SellCommon Stock | 4.7K | $1.10 | $5.2K | 928.0K |
| Jun 9, 2026Form 4 | Tushe IsidaPres., Gen. Couns. & Corp. Sec | SellCommon Stock | 6.4K | $1.24 | $7.9K | 184.1K |
| Jun 9, 2026Form 4 | Wu YangChief Executive Officer | SellCommon Stock | 46.3K | $1.24 | $57.4K | 134.07M |
| May 18, 2026Form 4 | Mattis WenjuanChief Technology Officer | SellCommon Stock | 48.3K | $1.32 | $63.8K | 932.7K |
| Dec 31, 2025Form 4 · 10b5-1 | Pan YixinDirector | SellCommon Stock | 661 | $2.78 | $1.8K | 130.7K |