Microvast Holdings (MVST) Operating Expenses (2019 - 2026)
Microvast Holdings (MVST) posted quarterly Operating Expenses of $27.1 million for Q1 2026, down 7.11% year-over-year from $29.2 million in Q1 2025, and down 36.7% quarter-over-quarter from $42.8 million in Q4 2025.
Microvast Holdings (MVST) Operating Expenses (2019 - 2026) Analysis & Trends
Microvast Holdings' Operating Expenses history runs 8 years deep, the most recent figure standing at $27.1 million for 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 for Q1 2026 stood at $27.1 million, 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.
- The 5-year median for Operating Expenses is $39.6 million (2022), against an average of $42.6 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 276.94% in 2022, then plunged 86.97% in 2025.
- Microvast Holdings' Operating Expenses stood at $37.3 million in 2022, then gained by 23.45% to $46.0 million in 2023, then slipped by 6.07% to $43.2 million in 2024, then dropped by 1.02% to $42.8 million in 2025, then tumbled by 36.7% to $27.1 million in 2026.
- Business Quant data shows MVST's Operating Expenses at $27.1 million in Q1 2026, $42.8 million in Q4 2025, and $33.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.77 Bn | 73.51 Bn | 2.52 Bn | 1.53 Bn |
| 2 | Autozone | 48.88 Bn | 48.63 Bn | 2.52 Bn | 341.91 Mn |
| 3 | Magna International | 19.89 Bn | 18.46 Bn | 1.61 Bn | 980.00 Mn |
| 4 | Genuine Parts | 18.43 Bn | 17.87 Bn | 2.47 Bn | 2.13 Bn |
| 5 | Borgwarner | 13.76 Bn | 11.31 Bn | 721.00 Mn | 352.00 Mn |
| 6 | Allison Transmission Holdings | 10.98 Bn | 10.58 Bn | 515.00 Mn | 224.00 Mn |
| 7 | Aptiv | 10.32 Bn | 9.56 Bn | 775.00 Mn | 2.91 Bn |
| 8 | Modine Manufacturing | 10.31 Bn | 10.24 Bn | - | - |
| 9 | Autoliv | 9.28 Bn | 8.90 Bn | 509.00 Mn | 260.00 Mn |
| 10 | Microvast Holdings | 285.06 Mn | 141.93 Mn | 25.78 Mn | 27.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.51 Mn |
| Mar 31, 2026 | 27.09 Mn |
| Dec 31, 2025 | 42.80 Mn |
| Sep 30, 2025 | 33.46 Mn |
| Jun 30, 2025 | 16.50 Mn |
| Mar 31, 2025 | 29.17 Mn |
| Dec 31, 2024 | 43.24 Mn |
| Sep 30, 2024 | 27.51 Mn |
| Jun 30, 2024 | 126.67 Mn |
| Mar 31, 2024 | 40.88 Mn |
| Dec 31, 2023 | 46.04 Mn |
| Sep 30, 2023 | 44.67 Mn |
| Jun 30, 2023 | 38.96 Mn |
| Mar 31, 2023 | 36.23 Mn |
| Dec 31, 2022 | 37.29 Mn |
| Sep 30, 2022 | 39.60 Mn |
| Jun 30, 2022 | 50.39 Mn |
| Mar 31, 2022 | 43.41 Mn |
| Dec 31, 2021 | 52.20 Mn |
| Sep 30, 2021 | 77.96 Mn |