Microvast Holdings (MVST) Convertible Debt (2024 - 2026)
Microvast Holdings (MVST) posted Convertible Debt of $26.7 million for Q1 2026, up 0.93% on a QoQ basis from $26.5 million in Q4 2025, and down 56.23% year-over-year from $61.0 million in Q1 2025.
Analysis
Microvast Holdings (MVST) Convertible Debt (2024 - 2026) Analysis & Trends
Microvast Holdings has reported Convertible Debt for 3 years, with the latest figure at $26.7 million in Q1 2026.
- On a quarterly basis, Convertible Debt fell 56.23% year-over-year to $26.7 million in Q1 2026; TTM through Mar 2026 was $26.7 million, a 56.23% decrease from a year earlier, with the FY2025 full-year figure at $26.5 million, down 74.71% from the prior year.
- Convertible Debt was $26.7 million for Q1 2026 at Microvast Holdings, up from $26.5 million in the prior quarter.
- The five-year high for Convertible Debt was $104.6 million in Q4 2024, with the low at $13.3 million in Q2 2024.
- Average Convertible Debt over 3 years is $38.6 million, with a median of $26.3 million recorded in 2025.
- The largest YoY upside for Convertible Debt was 95.0% in 2025 against a maximum downside of 74.71% in 2025.
- Over 3 years, Convertible Debt stood at $104.6 million in 2024, then slumped by 74.71% to $26.5 million in 2025, then grew by 0.93% to $26.7 million in 2026.
- The last three Convertible Debt figures came in at $26.7 million (Q1 2026), $26.5 million (Q4 2025), and $26.2 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 26.70 Mn |
| Dec 31, 2025 | 26.45 Mn |
| Sep 30, 2025 | 26.20 Mn |
| Jun 30, 2025 | 25.96 Mn |
| Mar 31, 2025 | 61.00 Mn |
| Dec 31, 2024 | 104.61 Mn |
| Sep 30, 2024 | 24.42 Mn |
| Jun 30, 2024 | 13.31 Mn |