Microvast Holdings (MVST) Gross Profit (2020 - 2026)
Microvast Holdings (MVST) reported Gross Profit of $2.4 million for Q3 2026, down 94.8% from $46.41 million a year earlier and down 90.7% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Gross Profit (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Microvast Holdings' Gross Profit came in at $48.29 million, down 70.3% year-over-year; for FY2025, it was $122.11 million, up 2.1% from FY2024.
- Gross Profit has increased for three consecutive years, with a five-year compound annual growth rate of 48.1% (FY2020 to FY2025).
- By year, Gross Profit came in at $119.55 million in FY2024 (+108.9%), $57.23 million in FY2023 (+530.7%), $9.07 million in FY2022 and -$42.74 million in FY2021.
- Five-year quarterly Gross Profit spans a low of $13,000 in Q1 2022 and a high of $46.41 million in Q3 2025.
- Year over year, Gross Profit has now declined in each of the last four quarters, with growth averaging 2.3% over the last eight quarters.
- The high point for year-over-year Gross Profit in five years was Q4 2023 (growth of 934.3%); the low point was Q4 2025 (a decline of 97.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $25.78 million (Q2 2026), $19.16 million (Q1 2026) and $959,000 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.40 Mn |
| Jun 30, 2026 | 25.78 Mn |
| Mar 31, 2026 | 19.16 Mn |
| Dec 31, 2025 | 959,000.00 |
| Sep 30, 2025 | 46.41 Mn |
| Jun 30, 2025 | 31.72 Mn |
| Mar 31, 2025 | 43.02 Mn |
| Dec 31, 2024 | 41.52 Mn |
| Sep 30, 2024 | 33.61 Mn |
| Jun 30, 2024 | 27.20 Mn |
| Mar 31, 2024 | 17.23 Mn |
| Dec 31, 2023 | 23.02 Mn |
| Sep 30, 2023 | 17.88 Mn |
| Jun 30, 2023 | 11.46 Mn |
| Mar 31, 2023 | 4.86 Mn |
| Dec 31, 2022 | 2.23 Mn |
| Sep 30, 2022 | 1.99 Mn |
| Jun 30, 2022 | 4.84 Mn |
| Mar 31, 2022 | 13,000.00 |
| Dec 31, 2021 | 1.15 Mn |
API Access
Microvast Holdings Gross Profit API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-profit&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "ticker": "MVST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-profit&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();