Microvast Holdings (MVST) Research & Development (2020 - 2026)
Microvast Holdings' quarterly Research & Development came in at $8.8 million in Q1 2026, up 6.81% year-on-year from $8.2 million in Q1 2025, and down 15.17% quarter-over-quarter from $10.4 million in Q4 2025.
Microvast Holdings has reported Research & Development for 7 years, with the latest figure at $8.8 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 6.81% year-over-year to $8.8 million; the trailing twelve-month figure through Mar 2026 stood at $34.7 million (down 8.33% YoY), and the FY2025 full-year result was $34.1 million, down 16.94% from the prior year.
- Research & Development for Q1 2026 stood at $8.8 million, down from $10.4 million in the prior quarter.
- The five-year high for Research & Development was $13.2 million in Q3 2023, with the low at $7.7 million in Q2 2025.
- Average Research & Development over 5 years is $10.1 million, with a median of $10.4 million recorded in 2025.
- Year-over-year, Research & Development jumped 198.71% in 2022 and declined 28.23% in 2025.
- Tracing MVST's Research & Development over 5 years: stood at $10.5 million in 2022, then grew by 8.54% to $11.4 million in 2023, then retreated by 23.0% to $8.8 million in 2024, then gained by 18.36% to $10.4 million in 2025, then declined by 15.17% to $8.8 million in 2026.
- The last three Research & Development figures came in at $8.8 million (Q1 2026), $10.4 million (Q4 2025), and $7.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 76.93 Bn | 76.68 Bn | 2.35 Bn | - |
| 2 | Autozone | 56.46 Bn | 56.17 Bn | 2.24 Bn | - |
| 3 | Modine Manufacturing | 13.73 Bn | 13.64 Bn | 186.10 Mn | - |
| 4 | Borgwarner | 13.51 Bn | 13.68 Bn | 677.00 Mn | - |
| 5 | Genuine Parts | 13.47 Bn | 12.99 Bn | 2.34 Bn | - |
| 6 | Aptiv | 12.21 Bn | 9.14 Bn | 920.00 Mn | - |
| 7 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | - |
| 8 | Autoliv | 9.18 Bn | 8.83 Bn | 526.00 Mn | 120.00 Mn |
| 9 | Allison Transmission Holdings | 9.12 Bn | 8.81 Bn | 406.00 Mn | 54.00 Mn |
| 10 | Microvast Holdings | 485.25 Mn | 311.25 Mn | 19.16 Mn | 8.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.81 Mn |
| Dec 31, 2025 | 10.39 Mn |
| Sep 30, 2025 | 7.76 Mn |
| Jun 30, 2025 | 7.72 Mn |
| Mar 31, 2025 | 8.25 Mn |
| Dec 31, 2024 | 8.77 Mn |
| Sep 30, 2024 | 10.69 Mn |
| Jun 30, 2024 | 10.11 Mn |
| Mar 31, 2024 | 11.49 Mn |
| Dec 31, 2023 | 11.40 Mn |
| Sep 30, 2023 | 13.24 Mn |
| Jun 30, 2023 | 9.51 Mn |
| Mar 31, 2023 | 10.86 Mn |
| Dec 31, 2022 | 10.50 Mn |
| Sep 30, 2022 | 11.46 Mn |
| Jun 30, 2022 | 10.24 Mn |
| Mar 31, 2022 | 11.31 Mn |
| Dec 31, 2021 | 11.19 Mn |
| Sep 30, 2021 | 13.52 Mn |
| Jun 30, 2021 | 5.90 Mn |
| Mar 31, 2021 | 3.79 Mn |
| Dec 31, 2020 | 4.12 Mn |
| Sep 30, 2020 | 4.56 Mn |