Microvast Holdings (MVST) Revenue (2020 - 2026)
Microvast Holdings' Revenue was $87.26 million in Q2 2026, down 4.5% from $91.34 million a year earlier but up 44.0% from the prior quarter.
Powered by 
Analysis
Microvast Holdings (MVST) Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Microvast Holdings' Revenue was $367.56 million through Jun 30, 2026, down 13.0% year-over-year; for FY2025, it came in at $427.52 million, up 12.6% from FY2024.
- Revenue has now increased for six consecutive years, with a five-year compound annual growth rate of 31.8% (FY2020 to FY2025).
- In earlier years, Revenue was $379.8 million in FY2024 (+23.9%), $306.62 million in FY2023 (+49.9%), $204.5 million in FY2022 (+34.6%) and $151.98 million in FY2021 (+41.3%).
- Quarterly Revenue has moved between $36.67 million (Q1 2022) and $123.29 million (Q3 2025) over five years.
- Compared with a year earlier, Revenue has declined for three straight quarters, with growth averaging 5.2% over the last eight quarters.
- The best year-over-year quarter for Revenue over five years was Q1 2022 (growth of 145.5%); the worst was Q1 2026 (a decline of 48.0%).
- Per Business Quant data, MVST's Revenue in the three quarters before Q2 2026 was $60.61 million (Q1 2026), $96.4 million (Q4 2025) and $123.29 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 11.10 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 1.07 Bn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 1.06 Bn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 901.63 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 1.17 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 935.17 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 935.64 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 291.85 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 266.80 Mn |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | 87.26 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 |
API Access
Microvast Holdings Revenue 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=revenue&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();