Microvast Holdings (MVSTW) Research & Development (2020 - 2026)

Microvast Holdings' Research & Development history runs 7 years deep, the most recent figure standing at $8.8 million for Q1 2026.

• In Q1 2026, Research & Development rose 6.81% year-over-year to $8.8 million; the TTM figure through Mar 2026 stood at $34.7 million (down 8.33% YoY), while the FY2025 annual figure was $34.1 million, down 16.94% from the prior year.
• Research & Development was $8.8 million for Q1 2026 at Microvast Holdings, down from $10.4 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $13.2 million in Q3 2023 to a low of $7.7 million in Q2 2025.
• Historically, Research & Development has averaged $10.1 million across 5 years, with a median of $10.4 million in 2025.
• The sharpest annual moves came in 2022 and 2025: Research & Development surged 198.71% in 2022, then slipped 28.23% in 2025.
• A 5-year view of Research & Development shows it stood at $10.5 million in 2022, then climbed by 8.54% to $11.4 million in 2023, then fell by 23.0% to $8.8 million in 2024, then rose by 18.36% to $10.4 million in 2025, then dropped by 15.17% to $8.8 million in 2026.
• The last three Research & Development figures came in at $8.8 million (Q1 2026), $10.4 million (Q4 2025), and $7.8 million (Q3 2025), per Business Quant data.