Microvast Holdings (MVST) Operating Income (2019 - 2026)
Microvast Holdings (MVST) posted quarterly Operating Income of -$7.9 million for Q1 2026, down 151.98% year-over-year from $15.3 million in Q1 2025, and up 80.72% quarter-over-quarter from -$41.2 million in Q4 2025.
Microvast Holdings (MVST) Operating Income (2019 - 2026) Analysis & Trends
Microvast Holdings' Operating Income history runs 8 years deep, the most recent figure standing at -$7.9 million for Q1 2026.
- In Q1 2026, Operating Income fell 151.98% year-over-year to -$7.9 million; the TTM figure through Mar 2026 stood at -$19.9 million (up 74.41% YoY), while the FY2025 annual figure was $7.0 million, up 106.02% from the prior year.
- Operating Income for Q1 2026 stood at -$7.9 million, up from -$41.2 million in the prior quarter.
- The five-year high for Operating Income was $16.2 million in Q2 2025, with the low at -$98.7 million in Q2 2024.
- The 5-year median for Operating Income is -$26.3 million (2023), against an average of -$22.8 million.
- Peak annual rise in Operating Income reached 166.03% in 2025, while the deepest fall reached 2804.52% in 2025.
- Microvast Holdings' Operating Income stood at -$34.6 million in 2022, then soared by 35.84% to -$22.2 million in 2023, then jumped by 93.62% to -$1.4 million in 2024, then tumbled by 2804.52% to -$41.2 million in 2025, then surged by 80.72% to -$7.9 million in 2026.
- Business Quant data shows MVST's Operating Income at -$7.9 million in Q1 2026, -$41.2 million in Q4 2025, and $13.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 985.75 Mn |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 923.76 Mn |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | 632.00 Mn |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 336.34 Mn |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 370.00 Mn |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 291.00 Mn |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 367.00 Mn |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 192.00 Mn |
| 10 | Microvast Holdings | 282.20 Mn | 139.07 Mn | 25.78 Mn | -1.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.72 Mn |
| Mar 31, 2026 | -7.93 Mn |
| Dec 31, 2025 | -41.16 Mn |
| Sep 30, 2025 | 12.99 Mn |
| Jun 30, 2025 | 16.21 Mn |
| Mar 31, 2025 | 15.27 Mn |
| Dec 31, 2024 | -1.42 Mn |
| Sep 30, 2024 | 7.19 Mn |
| Jun 30, 2024 | -98.74 Mn |
| Mar 31, 2024 | -23.12 Mn |
| Dec 31, 2023 | -22.22 Mn |
| Sep 30, 2023 | -26.35 Mn |
| Jun 30, 2023 | -26.87 Mn |
| Mar 31, 2023 | -31.30 Mn |
| Dec 31, 2022 | -34.63 Mn |
| Sep 30, 2022 | -37.09 Mn |
| Jun 30, 2022 | -44.97 Mn |
| Mar 31, 2022 | -43.26 Mn |
| Dec 31, 2021 | -47.59 Mn |
| Sep 30, 2021 | -113.30 Mn |