Microvast Holdings (MVST) Revenue (2020 - 2026)
Microvast Holdings (MVST) posted Revenue of $87.3 million for Q2 2026, up 43.97% on a QoQ basis from $60.6 million in Q1 2026, and down 4.46% year-over-year from $91.3 million in Q2 2025.
Analysis
Microvast Holdings (MVST) Revenue (2020 - 2026) Analysis & Trends
Microvast Holdings has reported Revenue for 7 years, with the latest figure at $87.3 million in Q2 2026.
- On a quarterly basis, Revenue fell 4.46% year-over-year to $87.3 million in Q2 2026; TTM through Jun 2026 was $367.6 million, a 13.03% decrease from a year earlier, with the FY2025 full-year figure at $427.5 million, up 12.56% from the prior year.
- Revenue was $87.3 million for Q2 2026 at Microvast Holdings, up from $60.6 million in the prior quarter.
- The five-year high for Revenue was $123.3 million in Q3 2025, with the low at $36.7 million in Q1 2022.
- Average Revenue over 5 years is $81.5 million, with a median of $82.5 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Revenue soared 145.47% in 2022, then tumbled 47.97% in 2026.
- Over 5 years, Revenue stood at $64.8 million in 2022, then surged by 61.39% to $104.6 million in 2023, then advanced by 8.43% to $113.4 million in 2024, then decreased by 14.98% to $96.4 million in 2025, then decreased by 9.48% to $87.3 million in 2026.
- The last three Revenue figures came in at $87.3 million (Q2 2026), $60.6 million (Q1 2026), and $96.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.51 Bn | 5.98 Bn | 313.36 Mn | 935.64 Mn |
| 2 | QuantumScape | 3.24 Bn | 3.24 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.39 Bn | 1.04 Bn | -48.80 Mn | 68.78 Mn |
| 4 | Fluence Energy | 1.38 Bn | 811.75 Mn | 33.24 Mn | 649.85 Mn |
| 5 | Energy Vault Holdings | 748.92 Mn | 641.57 Mn | 5.38 Mn | 17.37 Mn |
| 6 | Enovix | 700.30 Mn | 700.30 Mn | 1.30 Mn | 9.02 Mn |
| 7 | Amprius Technologies | 439.73 Mn | 365.22 Mn | 9.28 Mn | 34.03 Mn |
| 8 | Electrovaya | 261.82 Mn | 248.74 Mn | 6.19 Mn | 17.72 Mn |
| 9 | Microvast Holdings | 221.41 Mn | 78.28 Mn | 25.78 Mn | 87.26 Mn |
| 10 | Ses Ai | 174.89 Mn | 174.89 Mn | 1.15 Mn | 5.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 87.26 Mn |
| Mar 31, 2026 | 60.61 Mn |
| Dec 31, 2025 | 96.40 Mn |
| Sep 30, 2025 | 123.29 Mn |
| Jun 30, 2025 | 91.34 Mn |
| Mar 31, 2025 | 116.49 Mn |
| Dec 31, 2024 | 113.39 Mn |
| Sep 30, 2024 | 101.39 Mn |
| Jun 30, 2024 | 83.68 Mn |
| Mar 31, 2024 | 81.35 Mn |
| Dec 31, 2023 | 104.58 Mn |
| Sep 30, 2023 | 80.12 Mn |
| Jun 30, 2023 | 74.95 Mn |
| Mar 31, 2023 | 46.97 Mn |
| Dec 31, 2022 | 64.80 Mn |
| Sep 30, 2022 | 38.62 Mn |
| Jun 30, 2022 | 64.41 Mn |
| Mar 31, 2022 | 36.67 Mn |
| Dec 31, 2021 | 66.77 Mn |
| Sep 30, 2021 | 36.89 Mn |