← Microvast Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | $76.4m |
$107.5m
+40.67%
|
$152.0m
+41.35%
|
$204.5m
+34.56%
|
$306.6m
+49.94%
|
$379.8m
+23.87%
|
$427.5m
+12.56%
|
$371.6m
-13.07%
|
|
| Cost of revenues | ($76.7m) |
($90.4m)
-17.89%
|
($194.7m)
-115.45%
|
($195.4m)
-0.36%
|
($249.4m)
-27.62%
|
($260.2m)
-4.35%
|
($272.9m)
-4.86%
|
$273.4m
+200.18%
|
|
| Gross profit | ($231k) |
$17.1m
+7519.91%
|
($42.7m)
-349.38%
|
$9.1m
+121.23%
|
$57.2m
+530.74%
|
$119.6m
+108.91%
|
$122.1m
+2.14%
|
$98.2m
-19.54%
|
|
| Research and development expenses | ($26.0m) | ($16.6m) | ($34.4m) | ($43.5m) | ($45.0m) | ($41.1m) | ($34.1m) | $34.7m | |
| Selling and marketing expenses | ($15.7m) | ($13.8m) | ($21.4m) | ($22.6m) | ($23.6m) | ($22.6m) | ($22.2m) | $77.4m | |
| General and administrative expenses | ($15.2m) | ($18.8m) | ($101.6m) | ($104.6m) | ($97.3m) | ($81.5m) | ($57.8m) | $56.6m | |
| Gain on debt restructuring | — | — | — | $0 | $0 | $9.4m | $1.3m | — | |
| Total operating expenses | ($56.9m) | ($49.2m) | ($157.4m) | ($170.7m) | ($165.9m) | ($238.3m) | ($118.3m) | $110.3m | |
| Interest expense | ($6.4m) | ($5.7m) | ($5.4m) | ($3.3m) | ($2.6m) | ($9.7m) | ($4.9m) | $4.9m | |
| Interest income | $884k | $571k | $446k | $3.2m | $3.6m | $742k | $957k | $1.2m | |
| Other income (expense), net | ($145k) | $650k | ($62k) | $944k | ($713k) | $156k | $244k | ($32.3m) | |
| Loss before provision for income tax | ($59.5m) | ($33.6m) | ($206.5m) | ($158.2m) | ($106.4m) | ($195.5m) | ($34.5m) | — | |
| Benefit from (provision for) income taxes | ($895k) | ($367k) | $0 | ($33k) | ($10k) | $0 | $5.3m | — | |
| Net loss | $3.4m | ($33.6m) | ($206.5m) | ($158.2m) | ($106.4m) | ($195.5m) | ($29.2m) | — | |
| Net loss attributable to common stockholders | $3.4m | $1.4m | ($206.5m) | ($158.2m) | ($106.3m) | ($195.5m) | ($29.2m) | — | |
| Weighted average shares used in calculating net loss per share of common stock, basic (in shares) | ($0) | ($0) | ($1) | ($1) | ($0) | ($1) | ($0) | — | |
| Weighted average shares used in calculating net loss per share of common stock, diluted (in shares) | ($0) | ($0) | ($1) | ($1) | ($0) | ($1) | ($0) | — | |
| Net loss attributable to noncontrolling interests | — | — | $0 | $0 | ($76k) | $0 | $0 | — | |
| Basic (in dollars per share) | ($0.07) | ($0.82) | ($1.26) | ($0.52) | ($0.34) | ($0.61) | ($0.09) | — | |
| Diluted (in dollars per share) | ($0.07) | ($0.82) | ($1.26) | ($0.52) | ($0.34) | ($0.61) | ($0.09) | — | |
| Energy storage system impairment | — | — | — | — | $0 | $0 | ($32.5m) | — | |
| Impairment loss of long-lived assets | — | — | — | $1.8m | $504k | $93.2m | ($4.1m) | — | |
| Subsidy income | $3.2m | $3.0m | $6.1m | $1.7m | $2.0m | $2.7m | $3.1m | — | |
| Income/(loss) from operations | ($779k) | ($922k) | ($194.1m) | ($159.9m) | ($106.7m) | ($116.1m) | $7.0m | ($12.1m) | |
| Changes in fair value of warrant liability and convertible loan | — | — | — | $979k | $59k | ($80.0m) | ($39.1m) | — |