Microvast Holdings (MVST) Accumulated Expenses (2020 - 2026)
Microvast Holdings (MVST) reported Accumulated Expenses of $106.71 million for Q3 2026, down 17.1% from $128.77 million a year earlier and down 7.1% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Accumulated Expenses (2020 - 2026) Analysis & Trends
At the end of FY2025, Microvast Holdings posted Accumulated Expenses of $123.43 million, up 25.4% from FY2024.
- Accumulated Expenses has a five-year compound annual growth rate of 135.7% (FY2020 to FY2025).
- By year, Accumulated Expenses came in at $98.46 million in FY2024 (-33.6%), $148.28 million in FY2023 (+122.2%), $66.72 million in FY2022 (+13.6%) and $58.74 million in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Accumulated Expenses since Q2 2025.
- Year over year, Accumulated Expenses gained in four of the last eight quarters, with an average decline of 4.6%.
- The high point for year-over-year Accumulated Expenses in five years was Q4 2023 (growth of 122.2%); the low point was Q4 2024 (a decline of 33.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $114.82 million (Q2 2026), $109.47 million (Q1 2026) and $123.43 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 106.71 Mn |
| Jun 30, 2026 | 114.82 Mn |
| Mar 31, 2026 | 109.47 Mn |
| Dec 31, 2025 | 123.43 Mn |
| Sep 30, 2025 | 128.77 Mn |
| Jun 30, 2025 | 101.50 Mn |
| Mar 31, 2025 | 104.14 Mn |
| Dec 31, 2024 | 98.46 Mn |
| Sep 30, 2024 | 104.20 Mn |
| Jun 30, 2024 | 142.77 Mn |
| Mar 31, 2024 | 137.23 Mn |
| Dec 31, 2023 | 148.28 Mn |
| Sep 30, 2023 | 121.82 Mn |
| Jun 30, 2023 | 116.45 Mn |
| Mar 31, 2023 | 93.15 Mn |
| Dec 31, 2022 | 66.72 Mn |
| Sep 30, 2022 | 79.52 Mn |
| Jun 30, 2022 | 66.79 Mn |
| Mar 31, 2022 | 61.10 Mn |
| Dec 31, 2021 | 58.74 Mn |
API Access
Microvast Holdings Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "MVST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();