Microvast Holdings, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $105.0M | $73.0M | $44.5M | $231.4M | $480.9M | $21.5M | $140.3K | $17.5K |
| Accounts Receivable | $155.8M | $120.6M | $138.7M | $119.3M | $88.7M | $76.3M | — | — |
| Inventory | $89.4M | $143.3M | $149.7M | $84.3M | $53.4M | $45.0M | — | — |
| Total Current Assets | $448.7M | $428.0M | $425.6M | $545.1M | $706.6M | $189.3M | $396.4K | $17.5K |
| Property, Plant & Equipment | $508.1M | $478.2M | $620.7M | $335.1M | $253.1M | $198.0M | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $2.2M | $2.6M | $3.1M | $1.6M | $1.9M | $2.3M | — | — |
| Total Assets | $1.01B | $951.9M | $1.10B | $985.0M | $995.3M | $404.5M | $280.5M | $101.2K |
| Liabilities | ||||||||
| Accounts Payable | $47.0M | $64.9M | $112.6M | $45.0M | $40.4M | $42.0M | — | — |
| Total Current Liabilities | $488.3M | $330.2M | $403.4M | $252.4M | $175.6M | $183.6M | $269.1K | $75.8K |
| Long-Term Debt | $13.2M | $41.1M | $43.8M | $29.0M | $0 | — | — | — |
| Total Liabilities | $594.9M | $564.0M | $532.5M | $372.0M | $308.6M | $389.2M | $701.5K | $75.8K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.12B | $-1.09B | $-897.5M | $-791.2M | $-632.1M | $-398.0M | $3.4M | $-792 |
| Total Stockholders' Equity | $410.5M | $387.9M | $564.2M | $613.0M | $686.7M | $5.0M | $-320.3M | $-266.6M |