Microvast Holdings (MVST) Revenue (2020 - 2026)
Microvast Holdings' Revenue was $45.81 million in Q3 2026, down 62.9% from $123.3 million a year earlier and down 47.5% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Microvast Holdings' Revenue was $290.08 million through Sep 30, 2026, down 34.7% 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%).
- The Q3 2026 figure marks the lowest quarterly Revenue since Q3 2022.
- Compared with a year earlier, Revenue has declined for four straight quarters, with an average decline of 6.0% 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 Q3 2026 (a decline of 62.9%).
- Per Business Quant data, MVST's Revenue in the three quarters before Q3 2026 was $87.26 million (Q2 2026), $60.61 million (Q1 2026) and $96.4 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.64 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 1.24 Bn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 1.23 Bn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 1.11 Bn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 952.97 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 1.29 Bn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.17 Bn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 949.90 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 277.80 Mn |
| 10 | Microvast Holdings | 84.60 Mn | -359.15 Mn | 2.40 Mn | 45.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.81 Mn |
| Jun 30, 2026 | 87.26 Mn |
| Mar 31, 2026 | 60.61 Mn |
| Dec 31, 2025 | 96.40 Mn |
| Sep 30, 2025 | 123.30 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 |
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();