Microvast Holdings (MVSTW) Cost of Revenue (2019 - 2026)

Microvast Holdings' Cost of Revenue history runs 8 years deep, the most recent figure standing at $41.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 509.74% year-over-year to $41.5 million; the TTM figure through Mar 2026 stood at -$9.8 million (up 71.74% YoY), while the FY2025 annual figure was $22.2 million, down 1.68% from the prior year.
• Cost of Revenue was $41.5 million for Q1 2026 at Microvast Holdings, up from -$187.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $81.6 million in Q4 2023 to a low of -$187.8 million in Q4 2025.
• Historically, Cost of Revenue has averaged $17.1 million across 5 years, with a median of $41.5 million in 2026.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue soared 1455.72% in 2023, then tumbled 303.32% in 2024.
• A 5-year view of Cost of Revenue shows it stood at $5.2 million in 2022, then jumped by 1455.72% to $81.6 million in 2023, then sank by 303.32% to -$165.8 million in 2024, then fell by 13.25% to -$187.8 million in 2025, then surged by 122.08% to $41.5 million in 2026.
• The last three Cost of Revenue figures came in at $41.5 million (Q1 2026), -$187.8 million (Q4 2025), and $76.9 million (Q3 2025), per Business Quant data.