Microvast Holdings (MVST) Cost of Revenue (2019 - 2026)

Microvast Holdings (MVST) has reported Cost of Revenue for 8 consecutive years, with $41.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 509.74% year-over-year to $41.5 million; the TTM figure through Mar 2026 stood at -$9.8 million (up 71.74% YoY), while the FY2025 annual figure was $22.2 million, down 1.68% from the prior year.
• Cost of Revenue came in at $41.5 million for Q1 2026 at Microvast Holdings, up from -$187.8 million in the prior quarter.
• The five-year high for Cost of Revenue was $81.6 million in Q4 2023, with the low at -$187.8 million in Q4 2025.
• Average Cost of Revenue over 5 years is $17.1 million, with a median of $41.5 million recorded in 2026.
• Across the five-year window, Cost of Revenue soared 1455.72% in 2023 and plunged 303.32% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $5.2 million in 2022, then jumped by 1455.72% to $81.6 million in 2023, then slumped by 303.32% to -$165.8 million in 2024, then slipped by 13.25% to -$187.8 million in 2025, then surged by 122.08% to $41.5 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $41.5 million, -$187.8 million, and $76.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.