Microvast Holdings (MVST) Research & Development (2020 - 2026)

Microvast Holdings (MVST) has reported Research & Development for 7 consecutive years, with $8.8 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Research & Development rose 6.81% year-over-year to $8.8 million; the TTM figure through Mar 2026 stood at $34.7 million (down 8.33% YoY), while the FY2025 annual figure was $34.1 million, down 16.94% from the prior year.
• Research & Development came in at $8.8 million for Q1 2026 at Microvast Holdings, 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.
• Across the five-year window, Research & Development surged 198.71% in 2022 and fell 28.23% in 2025, its largest moves.
• Year by year, Research & Development stood at $10.5 million in 2022, then rose by 8.54% to $11.4 million in 2023, then slipped by 23.0% to $8.8 million in 2024, then climbed by 18.36% to $10.4 million in 2025, then retreated by 15.17% to $8.8 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $8.8 million, $10.4 million, and $7.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.