Microvast Holdings (MVST) Free Cash Flow (2019 - 2026)
Microvast Holdings (MVST) recorded quarterly Free Cash Flow of -$25.7 million in Q1 2026, down 262.56% quarter-over-quarter from $15.8 million in Q4 2025, and down 631.85% on a YoY basis from $4.8 million in Q1 2025.
Microvast Holdings (MVST) Free Cash Flow (2019 - 2026) Analysis & Trends
Microvast Holdings' Free Cash Flow history runs 8 years deep, the most recent figure standing at -$25.7 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 631.85% year-over-year to -$25.7 million; the TTM figure through Mar 2026 stood at $25.6 million (up 184.95% YoY), while the FY2025 annual figure was $56.1 million, up 229.89% from the prior year.
- Free Cash Flow was -$25.7 million for Q1 2026 at Microvast Holdings, down from $15.8 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $34.3 million in Q2 2025 to a low of -$87.6 million in Q2 2023.
- Historically, Free Cash Flow has averaged -$22.9 million across 5 years, with a median of -$11.9 million in 2022.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow soared 1310.06% in 2025, then slumped 631.85% in 2026.
- A 5-year view of Free Cash Flow shows it stood at -$61.5 million in 2022, then surged by 58.49% to -$25.5 million in 2023, then soared by 176.51% to $19.5 million in 2024, then slipped by 19.19% to $15.8 million in 2025, then plunged by 262.56% to -$25.7 million in 2026.
- The last three Free Cash Flow figures came in at -$25.7 million (Q1 2026), $15.8 million (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | 788.47 Mn |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | 456.48 Mn |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | -17.10 Mn |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 9.00 Mn |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | -33.64 Mn |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | -362.00 Mn |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | -184.00 Mn |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 896.00 Mn |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 148.00 Mn |
| 10 | Microvast Holdings | 417.11 Mn | 243.11 Mn | 19.16 Mn | -25.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.65 Mn |
| Mar 31, 2026 | -25.65 Mn |
| Dec 31, 2025 | 15.78 Mn |
| Dec 31, 2025 | 15.78 Mn |
| Sep 30, 2025 | 1.18 Mn |
| Sep 30, 2025 | 1.18 Mn |
| Jun 30, 2025 | 34.29 Mn |
| Jun 30, 2025 | 34.29 Mn |
| Mar 31, 2025 | 4.82 Mn |
| Mar 31, 2025 | 4.82 Mn |
| Dec 31, 2024 | 19.53 Mn |
| Dec 31, 2024 | 19.53 Mn |
| Sep 30, 2024 | -51.65 Mn |
| Sep 30, 2024 | -51.65 Mn |
| Jun 30, 2024 | -2.83 Mn |
| Jun 30, 2024 | -2.83 Mn |
| Mar 31, 2024 | -8.21 Mn |
| Mar 31, 2024 | -8.21 Mn |
| Dec 31, 2023 | -25.52 Mn |
| Dec 31, 2023 | -25.52 Mn |