Microvast Holdings, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $87.3M | $60.6M | $96.4M | $123.3M | $91.3M | $116.5M | $113.4M | $101.4M |
| Cost of Revenue | $61.5M | $41.5M | — | $76.9M | $59.6M | $73.5M | $71.9M | $67.8M |
| Gross Profit | $25.8M | $19.2M | $959.0K | $46.4M | $31.7M | $43.0M | $41.5M | $33.6M |
| Gross Margin | 29.5% | 31.6% | 1.0% | 37.6% | 34.7% | 36.9% | 36.6% | 33.2% |
| Operating Expenses | ||||||||
| Research & Development | $8.9M | $8.8M | $10.4M | $7.8M | $7.7M | $8.2M | $8.8M | $10.7M |
| SG&A Expense | $13.9M | $12.9M | $12.9M | $19.7M | $11.2M | $14.1M | $22.3M | $11.8M |
| Operating Income | $-1.7M | $-7.9M | $-30.3M | $13.0M | $9.0M | $15.3M | $-1.4M | $7.2M |
| Operating Margin | -2.0% | -13.1% | -31.4% | 10.5% | 9.9% | 13.1% | -1.2% | 7.1% |
| Interest Expense | $498.0K | $428.0K | $403.0K | $364.0K | $471.0K | $390.0K | $-1.0M | $443.0K |
| Pretax Income | — | — | $10.3M | $-750.0K | $-105.8M | $61.8M | $-82.3M | $13.2M |
| Income Tax Expense | $0 | — | $-6.3M | $739.0K | $220.0K | $0 | $0 | $0 |
| Net Income | $-12.0M | $48.2M | $16.5M | $-1.5M | $-106.1M | $61.8M | $-82.3M | $13.2M |
| Net Margin | -13.7% | 79.5% | 17.2% | -1.2% | -116.1% | 53.0% | -72.6% | 13.1% |
| EPS (Basic) | $-0.03 | $0.15 | $0.05 | $0.00 | $-0.33 | $0.19 | $-0.25 | $0.04 |
| EPS (Diluted) | $-0.03 | $-0.04 | $0.19 | $0.00 | $-0.33 | $0.05 | $-0.24 | $0.03 |
| Shares Outstanding (Basic) | 348.9M | 332.4M | 324.7M | 323.8M | 323.6M | 323.4M | 318.5M | 320.5M |
| Shares Outstanding (Diluted) | 348.9M | 385.3M | 324.7M | 323.8M | 323.6M | 374.4M | 318.5M | 367.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |