Microvast Holdings (MVST) Operating Expenses (2019 - 2026)

Microvast Holdings (MVST) has reported Operating Expenses for 8 consecutive years, with $27.1 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses fell 7.11% year-over-year to $27.1 million; the TTM figure through Mar 2026 stood at $119.9 million (down 47.1% YoY), while the FY2025 annual figure was $118.3 million, down 50.37% from the prior year.
• Operating Expenses came in at $27.1 million for Q1 2026 at Microvast Holdings, down from $42.8 million in the prior quarter.
• The five-year high for Operating Expenses was $126.7 million in Q2 2024, with the low at $16.5 million in Q2 2025.
• Average Operating Expenses over 5 years is $42.6 million, with a median of $39.6 million recorded in 2022.
• Across the five-year window, Operating Expenses jumped 276.94% in 2022 and slumped 86.97% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $37.3 million in 2022, then increased by 23.45% to $46.0 million in 2023, then retreated by 6.07% to $43.2 million in 2024, then decreased by 1.02% to $42.8 million in 2025, then sank by 36.7% to $27.1 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $27.1 million, $42.8 million, and $33.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.