Microvast Holdings (MVST) Shares Outstanding (Diluted) (2019 - 2026)
Microvast Holdings' Shares Outstanding (Diluted) was 348.95 million in Q2 2026, up 7.8% from 323.64 million a year earlier but down 9.4% from the prior quarter.
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Analysis
Microvast Holdings (MVST) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Microvast Holdings came in at 324.69 million, up 2.0% from FY2024.
- Shares Outstanding (Diluted) has now increased for five consecutive years, with a five-year compound annual growth rate of 26.8% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 318.46 million in FY2024 (+2.4%), 310.91 million in FY2023 (+2.5%), 303.28 million in FY2022 (+63.1%) and 185.9 million in FY2021 (+87.7%).
- Quarterly Shares Outstanding (Diluted) has moved between 185.9 million (Q4 2021) and 385.27 million (Q1 2026) over five years.
- Compared with a year earlier, Shares Outstanding (Diluted) has increased for three straight quarters, with growth averaging 5.2% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q2 2022 (growth of 203.5%); the worst was Q3 2025 (a decline of 11.8%).
- Per Business Quant data, MVST's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 385.27 million (Q1 2026), 324.69 million (Q4 2025) and 323.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 270.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 323.33 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 107.73 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 92.01 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 59.64 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 155.14 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 37.63 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 135.12 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 275.07 Mn |
| 10 | Microvast Holdings | 246.10 Mn | -203.57 Mn | 25.78 Mn | 348.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 348.95 Mn |
| Mar 31, 2026 | 385.27 Mn |
| Dec 31, 2025 | 324.69 Mn |
| Sep 30, 2025 | 323.76 Mn |
| Jun 30, 2025 | 323.64 Mn |
| Mar 31, 2025 | 374.43 Mn |
| Dec 31, 2024 | 318.46 Mn |
| Sep 30, 2024 | 367.03 Mn |
| Jun 30, 2024 | 315.51 Mn |
| Mar 31, 2024 | 315.37 Mn |
| Dec 31, 2023 | 310.91 Mn |
| Sep 30, 2023 | 313.11 Mn |
| Jun 30, 2023 | 307.74 Mn |
| Mar 31, 2023 | 307.71 Mn |
| Dec 31, 2022 | 303.28 Mn |
| Sep 30, 2022 | 305.98 Mn |
| Jun 30, 2022 | 300.57 Mn |
| Mar 31, 2022 | 298.84 Mn |
| Dec 31, 2021 | 185.90 Mn |
| Sep 30, 2021 | 243.86 Mn |
API Access
Microvast Holdings Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=MVST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=MVST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();