Microvast Holdings (MVST) Research & Development (2020 - 2026)
Microvast Holdings (MVST) posted quarterly Research & Development of $8.8 million for Q1 2026, up 29.58% year-over-year from $6.8 million in Q1 2025, and up 47.62% quarter-over-quarter from $6.0 million in Q4 2025.
Microvast Holdings (MVST) Research & Development (2020 - 2026) Analysis & Trends
Microvast Holdings' Research & Development history runs 7 years deep, the most recent figure standing at $8.8 million for Q1 2026.
- In Q1 2026, Research & Development rose 29.58% year-over-year to $8.8 million; the TTM figure through Mar 2026 stood at $24.2 million (up 1.78% YoY), while the FY2025 annual figure was $22.2 million, down 1.68% from the prior year.
- Research & Development for Q1 2026 stood at $8.8 million, up from $6.0 million in the prior quarter.
- The five-year high for Research & Development was $26.1 million in Q4 2022, with the low at $3.4 million in Q2 2025.
- The 5-year median for Research & Development is $6.7 million (2023), against an average of $8.4 million.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 1578.45% in 2022, then plunged 74.38% in 2023.
- Microvast Holdings' Research & Development stood at $26.1 million in 2022, then slumped by 74.38% to $6.7 million in 2023, then rose by 4.45% to $7.0 million in 2024, then retreated by 14.69% to $6.0 million in 2025, then jumped by 47.62% to $8.8 million in 2026.
- Business Quant data shows MVST's Research & Development at $8.8 million in Q1 2026, $6.0 million in Q4 2025, and $6.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.62 Bn | 73.36 Bn | 2.52 Bn | - |
| 2 | Autozone | 48.63 Bn | 48.38 Bn | 2.52 Bn | - |
| 3 | Magna International | 19.95 Bn | 18.52 Bn | 1.61 Bn | - |
| 4 | Genuine Parts | 18.46 Bn | 17.90 Bn | 2.47 Bn | - |
| 5 | Borgwarner | 13.73 Bn | 11.29 Bn | 721.00 Mn | - |
| 6 | Allison Transmission Holdings | 10.96 Bn | 10.56 Bn | 515.00 Mn | 56.00 Mn |
| 7 | Modine Manufacturing | 10.33 Bn | 10.26 Bn | - | - |
| 8 | Aptiv | 10.30 Bn | 9.54 Bn | 775.00 Mn | - |
| 9 | Autoliv | 9.28 Bn | 8.90 Bn | 509.00 Mn | 122.00 Mn |
| 10 | Microvast Holdings | 280.87 Mn | 137.74 Mn | 25.78 Mn | 8.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.86 Mn |
| Mar 31, 2026 | 8.81 Mn |
| Dec 31, 2025 | 5.97 Mn |
| Sep 30, 2025 | 6.01 Mn |
| Jun 30, 2025 | 3.42 Mn |
| Mar 31, 2025 | 6.80 Mn |
| Dec 31, 2024 | 7.00 Mn |
| Sep 30, 2024 | 4.96 Mn |
| Jun 30, 2024 | 5.03 Mn |
| Mar 31, 2024 | 11.49 Mn |
| Dec 31, 2023 | 6.70 Mn |
| Sep 30, 2023 | 13.24 Mn |
| Jun 30, 2023 | 5.90 Mn |
| Mar 31, 2023 | 4.99 Mn |
| Dec 31, 2022 | 26.14 Mn |
| Sep 30, 2022 | 5.56 Mn |
| Jun 30, 2022 | 10.24 Mn |
| Mar 31, 2022 | 11.31 Mn |
| Dec 31, 2021 | -1.77 Mn |
| Sep 30, 2021 | 7.38 Mn |