Microvast Holdings (MVST) Operating Income (2018 - 2026)
Microvast Holdings (MVST) recorded Operating Income of -$66.67 million in Q3 2026, compared with $14.9 million a year earlier.
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Analysis
Microvast Holdings (MVST) Operating Income (2018 - 2026) Analysis & Trends
On a TTM basis, Microvast Holdings' Operating Income came in at -$108.53 million as of Sep 30, 2026; for FY2025, it came in at $6.98 million.
- Across earlier years, Operating Income came in at -$116.09 million in FY2024, -$106.73 million in FY2023, -$159.95 million in FY2022 and -$194.06 million in FY2021.
- The Q3 2026 figure is the lowest quarterly Operating Income since Q2 2024.
- Per Business Quant, the preceding three quarters came in at -$1.72 million (Q2 2026), -$7.93 million (Q1 2026) and -$32.21 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 1.39 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 225.45 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 546.11 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 207.55 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 132.08 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 160.58 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 193.60 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 115.46 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 17.20 Mn |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | -66.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -66.67 Mn |
| Jun 30, 2026 | -1.72 Mn |
| Mar 31, 2026 | -7.93 Mn |
| Dec 31, 2025 | -32.21 Mn |
| Sep 30, 2025 | 14.90 Mn |
| Jun 30, 2025 | 9.03 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 |
API Access
Microvast Holdings Operating Income 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=operating-income&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();