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

Microvast Holdings has reported Cost of Revenue for 8 years, with the latest figure at $41.5 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 509.74% year-over-year to $41.5 million; the trailing twelve-month figure through Mar 2026 stood at -$9.8 million (up 71.74% YoY), and the FY2025 full-year result was $22.2 million, down 1.68% from the prior year.
• Cost of Revenue for Q1 2026 stood at $41.5 million, 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.
• Year-over-year, Cost of Revenue surged 1455.72% in 2023 and tumbled 303.32% in 2024.
• Tracing MVST's Cost of Revenue over 5 years: stood at $5.2 million in 2022, then surged by 1455.72% to $81.6 million in 2023, then plunged by 303.32% to -$165.8 million in 2024, then retreated by 13.25% to -$187.8 million in 2025, then soared by 122.08% to $41.5 million in 2026.
• The last three Cost of Revenue figures came in at $41.5 million (Q1 2026), -$187.8 million (Q4 2025), and $76.9 million (Q3 2025), per Business Quant data.

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