Microvast Holdings (MVST) Payables (2018 - 2026)
Microvast Holdings (MVST) recorded quarterly Payables of $98.6 million in Q1 2026, down 21.3% quarter-over-quarter from $125.3 million in Q4 2025, and down 5.77% on a YoY basis from $104.7 million in Q1 2025.
Microvast Holdings (MVST) Payables (2018 - 2026) Analysis & Trends
Microvast Holdings' Payables history runs 9 years deep, the most recent figure standing at $98.6 million for Q1 2026.
- In Q1 2026, Payables fell 5.77% year-over-year to $98.6 million; the TTM figure through Mar 2026 stood at $98.6 million (down 5.77% YoY), while the FY2025 annual figure was $125.3 million, down 7.58% from the prior year.
- Payables was $98.6 million for Q1 2026 at Microvast Holdings, down from $125.3 million in the prior quarter.
- In the past five years, Payables ranged from a high of $148.0 million in Q4 2023 to a low of $62.4 million in Q4 2022.
- Historically, Payables has averaged $112.4 million across 5 years, with a median of $116.3 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Payables jumped 1161730.0% in 2022, then plunged 37.65% in 2023.
- A 5-year view of Payables shows it stood at $62.4 million in 2022, then jumped by 137.26% to $148.0 million in 2023, then slipped by 8.38% to $135.6 million in 2024, then retreated by 7.58% to $125.3 million in 2025, then dropped by 21.3% to $98.6 million in 2026.
- The last three Payables figures came in at $98.6 million (Q1 2026), $125.3 million (Q4 2025), and $117.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.00 Bn | 75.75 Bn | 2.35 Bn | 7.24 Bn |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | 8.40 Bn |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | 391.50 Mn |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 2.06 Bn |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | 7.49 Bn |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | 3.31 Bn |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | - |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | 7.35 Bn |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 728.00 Mn |
| 10 | Microvast Holdings | 417.11 Mn | 243.11 Mn | 19.16 Mn | 98.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 98.63 Mn |
| Dec 31, 2025 | 125.32 Mn |
| Sep 30, 2025 | 116.99 Mn |
| Jun 30, 2025 | 116.32 Mn |
| Mar 31, 2025 | 104.67 Mn |
| Dec 31, 2024 | 135.61 Mn |
| Sep 30, 2024 | 121.90 Mn |
| Jun 30, 2024 | 128.28 Mn |
| Mar 31, 2024 | 124.11 Mn |
| Dec 31, 2023 | 148.01 Mn |
| Sep 30, 2023 | 120.11 Mn |
| Jun 30, 2023 | 72.44 Mn |
| Mar 31, 2023 | 109.05 Mn |
| Dec 31, 2022 | 62.38 Mn |
| Sep 30, 2022 | 108.78 Mn |
| Jun 30, 2022 | 116.18 Mn |
| Mar 31, 2022 | 102.68 Mn |
| Dec 31, 2021 | 53.71 Mn |
| Sep 30, 2021 | 70.92 Mn |
| Jun 30, 2021 | 10,000.00 |