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

Microvast Holdings' Cost of Revenue history runs 8 years deep, the most recent figure standing at $41.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 43.58% year-over-year to $41.5 million; the TTM figure through Mar 2026 stood at $240.9 million (down 10.65% YoY), while the FY2025 annual figure was $272.9 million, up 4.86% from the prior year.
• Cost of Revenue for Q1 2026 stood at $41.5 million, down from $62.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $81.6 million in Q4 2023, with the low at $36.6 million in Q3 2022.
• The 5-year median for Cost of Revenue is $62.6 million (2022), against an average of $60.0 million.
• Peak annual rise in Cost of Revenue reached 126.62% in 2022, while the deepest fall reached 49.68% in 2022.
• Microvast Holdings' Cost of Revenue stood at $62.6 million in 2022, then jumped by 30.33% to $81.6 million in 2023, then dropped by 11.87% to $71.9 million in 2024, then fell by 12.43% to $62.9 million in 2025, then slumped by 34.13% to $41.5 million in 2026.
• Business Quant data shows MVST's Cost of Revenue at $41.5 million in Q1 2026, $62.9 million in Q4 2025, and $76.9 million in Q3 2025.