Reports Q1 revenue $116.5M vs. $81.4M last year. “Building on our strong momentum from 2024, Microvast (MVST) delivered exceptional first quarter results, achieving record Q1 revenue of $116.5 million, a significant 43.2% year over year increase. This impressive top-line growth is coupled with a substantial expansion in gross margin to 36.9%. For the quarter we booked a net profit of $61.8 million and a positive adjusted EBITDA of $28.5 million, underscoring the increasing demand for our advanced battery solutions and the effectiveness of our focus on profitability and operational efficiency,” said Yang Wu, Microvast’s Founder, Chairman, and Chief Executive Officer.
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