Microvast Holdings (MVST) Capital Expenditures (2020 - 2026)
Microvast Holdings (MVST) posted Capital Expenditures of $1.7 million for Q2 2026, down 95.3% on a QoQ basis from $35.6 million in Q1 2026, and down 73.4% year-over-year from $6.3 million in Q2 2025.
Analysis
Microvast Holdings (MVST) Capital Expenditures (2020 - 2026) Analysis & Trends
Microvast Holdings has reported Capital Expenditures for 7 years, with the latest figure at $1.7 million in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 73.4% year-over-year to $1.7 million in Q2 2026; TTM through Jun 2026 was $9.2 million, a 23.06% increase from a year earlier, with the FY2025 full-year figure at $30.2 million, down 34.36% from the prior year.
- Capital Expenditures was $1.7 million for Q2 2026 at Microvast Holdings, down from $35.6 million in the prior quarter.
- The five-year high for Capital Expenditures was $92.8 million in Q1 2024, with the low at -$37.4 million in Q3 2024.
- Average Capital Expenditures over 5 years is $25.1 million, with a median of $30.0 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2024: Capital Expenditures soared 506.32% in 2022, then sank 162.33% in 2024.
- Over 5 years, Capital Expenditures stood at $66.2 million in 2022, then sank by 49.8% to $33.2 million in 2023, then slumped by 140.42% to -$13.4 million in 2024, then advanced by 2.67% to -$13.1 million in 2025, then surged by 112.79% to $1.7 million in 2026.
- The last three Capital Expenditures figures came in at $1.7 million (Q2 2026), $35.6 million (Q1 2026), and -$13.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 12.42 Mn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | 4.62 Mn |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 35.41 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 27.31 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 9.15 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 3.55 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 1.55 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | -3.15 Mn |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 1.67 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 522,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.67 Mn |
| Mar 31, 2026 | 35.56 Mn |
| Dec 31, 2025 | -13.07 Mn |
| Sep 30, 2025 | -14.99 Mn |
| Jun 30, 2025 | 6.28 Mn |
| Mar 31, 2025 | 51.96 Mn |
| Dec 31, 2024 | -13.43 Mn |
| Sep 30, 2024 | -37.36 Mn |
| Jun 30, 2024 | 3.95 Mn |
| Mar 31, 2024 | 92.82 Mn |
| Dec 31, 2023 | 33.21 Mn |
| Sep 30, 2023 | 59.94 Mn |
| Jun 30, 2023 | 57.71 Mn |
| Mar 31, 2023 | 35.92 Mn |
| Dec 31, 2022 | 66.16 Mn |
| Sep 30, 2022 | 16.81 Mn |
| Jun 30, 2022 | 26.85 Mn |
| Mar 31, 2022 | 41.06 Mn |
| Dec 31, 2021 | 47.14 Mn |
| Sep 30, 2021 | 10.86 Mn |