Microvast Holdings (MVST) Research & Development (2020 - 2026)
Microvast Holdings' Research & Development came in at $8.86 million for Q2 2026, up 14.8% from $7.72 million a year earlier and up 0.6% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Microvast Holdings reported Research & Development of $35.81 million, up 1.1% year-over-year; for FY2025, it was $34.11 million, down 16.9% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 15.4% (FY2020 to FY2025).
- Going back by year, Research & Development was $41.07 million in FY2024 (-8.8%), $45 million in FY2023 (+3.4%), $43.51 million in FY2022 (+26.5%) and $34.39 million in FY2021 (+106.7%).
- The five-year range for quarterly Research & Development is $7.72 million (Q2 2025) to $13.52 million (Q3 2021).
- Year-over-year, Research & Development has increased for three consecutive quarters, with an average decline of 10.2% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 198.7%), and the weakest in Q1 2025 (a decline of 28.2%).
- Business Quant data shows MVST's Research & Development at $8.81 million (Q1 2026), $10.39 million (Q4 2025) and $7.76 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | 8.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.86 Mn |
| 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 |
API Access
Microvast Holdings Research & Development 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=research-and-development&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();