Microvast Holdings annual free cash flow
2019
2020
2021
2022
2023
2024
2025
Microvast Holdings Free Cash Flow (FCF) History (MVST)
Microvast Holdings reported $56.1M in free cash flow for fiscal 2025, an increase of $81.0M from the previous fiscal year, with a free cash flow margin of 13.12%.
View full Microvast Holdings company overviewMicrovast Holdings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $56.1M | $81.0M | — | +13.12% |
| 2024 | 2024-12-31 | −$24.9M | $237.2M | — | −6.56% |
| 2023 | 2023-12-31 | −$262.1M | −$57.3M | — | −85.48% |
| 2022 | 2022-12-31 | −$204.8M | −$71.9M | — | −100.15% |
| 2021 | 2021-12-31 | −$132.9M | −$129.8M | — | −87.45% |
| 2020 | 2020-12-31 | −$3.1M | $3.8M | — | −2.87% |
| 2019 | 2019-12-31 | −$6.9M | — | — | −9.01% |
Microvast Holdings quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$21.8M | −$56.1M | — | −25.01% |
| Q1 2026 | 2026-03-31 | −$25.7M | −$30.5M | — | −42.32% |
| Q4 2025 | 2025-12-31 | $15.8M | $10.0M | +174.61% | +16.37% |
| Q3 2025 | 2025-09-30 | $1.2M | $20.8M | — | +0.96% |
| Q2 2025 | 2025-06-30 | $34.3M | $37.1M | — | +37.54% |
| Q1 2025 | 2025-03-31 | $4.8M | $13.0M | — | +4.14% |
| Q4 2024 | 2024-12-31 | $5.7M | $43.9M | — | +5.07% |
| Q3 2024 | 2024-09-30 | −$19.6M | $69.7M | — | −19.34% |
| Q2 2024 | 2024-06-30 | −$2.8M | $84.7M | — | −3.39% |
| Q1 2024 | 2024-03-31 | −$8.2M | $38.9M | — | −10.09% |
| Q4 2023 | 2023-12-31 | −$38.2M | $23.3M | — | −36.50% |
| Q3 2023 | 2023-09-30 | −$89.3M | −$77.4M | — | −111.45% |
| Q2 2023 | 2023-06-30 | −$87.5M | −$22.1M | — | −116.81% |
| Q1 2023 | 2023-03-31 | −$47.1M | $18.9M | — | −100.24% |
| Q4 2022 | 2022-12-31 | −$61.5M | $6.0M | — | −94.90% |
| Q3 2022 | 2022-09-30 | −$11.9M | $8.6M | — | −30.73% |
| Q2 2022 | 2022-06-30 | −$65.5M | −$48.2M | — | −101.65% |
| Q1 2022 | 2022-03-31 | −$66.0M | −$38.4M | — | −179.93% |
| Q4 2021 | 2021-12-31 | −$67.5M | — | — | −101.14% |
| Q3 2021 | 2021-09-30 | −$20.5M | — | — | −55.53% |
| Q2 2021 | 2021-06-30 | −$17.3M | — | — | −51.78% |
| Q1 2021 | 2021-03-31 | −$27.6M | — | — | −184.78% |
Microvast Holdings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$3.1M to $56.1M, a net increase of $59.2M. Microvast Holdings's latest reported quarter, Q2 2026, generated −$21.8M in free cash flow, a decrease of $56.1M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Microvast Holdings filings at SEC.gov ↗