Microvast Holdings, Inc. (MVST)
NASDAQ:MVST
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Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial transformation: Microvast achieved record revenue, strong regional growth (notably U.S. and EMEA), returned to non-GAAP profitability, posted positive adjusted EBITDA, and generated substantial operating cash flow. These positives are tempered by a significant $32.5M inventory impairment that materially reduced GAAP margins, a GAAP net loss of $29.2M, regulatory headwinds in South Korea, and timing/ramp risks for Phase 3.2 and customer platform integrations. Overall, the improvements in cash flow, adjusted profitability and clear product/technology milestones outweigh the near-term one-time and regional/regulatory challenges.Company Guidance
Record Annual Revenue
Delivered record 2025 revenue of $427.5 million, a 12.6% year-over-year increase from $379.8 million in 2024, driven by ~16.5% growth in sales volume (~266 MWh).
Return to Adjusted Profitability
Achieved non-GAAP adjusted net profit of $13.0 million for 2025 versus a non-GAAP adjusted net loss of $84.6 million in 2024, showing a material improvement in underlying profitability.
Positive Adjusted EBITDA
Recorded non-GAAP adjusted EBITDA of $44.7 million in 2025, a swing from negative $44.8 million in 2024, indicating significantly improved operational performance.
Improved Operating Performance and Cash Generation
Reported operating profit of $6.98 million (vs. operating loss of $116.1 million in 2024) and generated net positive operating cash flow of $75.9 million in 2025 (up from $2.8 million in 2024).
Strong Regional Growth in Key Markets
U.S. revenue surged 173% YoY to $39.3 million (now 9% of mix). EMEA grew 13% YoY to $211.9 million and continues to be ~50% of total revenue.
Balance Sheet / Liquidity Position
Ended 2025 with cash, cash equivalents and restricted cash of $169.2 million, a net increase in cash of $59.6 million for the year.
Product and Technology Milestones
Launched 55 Ah cell trial production and next-gen LTO trials; Huzhou Phase 3.2 trial production underway (targeting ~2 GWh incremental capacity). All-solid-state progress: 12-layer monolithic stack >200 cycles at 99.97% Coulombic efficiency and a 72V monolithic stack completed 100 cycles.
Expense Base Reduction
Total operating expenses fell to $118.3 million in 2025 from $238.3 million in 2024. G&A decreased 29% ($23.7M), R&D decreased 16.9% ($7.0M), driven in part by lower share-based compensation.
MVST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MVST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $2.31 | $1.52 | -34.20% |
Nov 10, 2025 | $4.98 | $4.48 | -10.04% |
Aug 11, 2025 | $3.03 | $2.62 | -13.53% |
May 12, 2025 | $2.39 | $3.11 | +30.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Microvast Holdings, Inc. (MVST) report earnings?
Microvast Holdings, Inc. (MVST) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is Microvast Holdings, Inc. (MVST) earnings time?
Microvast Holdings, Inc. (MVST) earnings time is at May 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MVST EPS forecast?
MVST EPS forecast for the fiscal quarter 2026 (Q1) is 0.