Microvast Holdings reported revenue of $87.26M and net income of -$11.99M for the quarter ended Jun 2026, down 4.5% year over year. This income statement covers 31 quarters of results from Dec 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||||||
| Revenue | 36.89M | 66.77M | 36.67M | 64.41M | 38.62M | 64.80M | 46.97M | 74.95M | 80.12M | 104.58M | 81.35M | 83.67M | 101.39M | 113.39M | 116.49M | 91.34M | 123.29M | 96.40M | 60.61M | 87.26M | |||||||||||
| Cost of RevenueCost of Rev | 72.78M | 65.62M | 36.66M | 59.57M | 36.62M | 62.57M | 42.12M | 63.49M | 62.23M | 81.55M | 64.13M | 56.48M | 67.78M | 71.87M | 73.47M | 59.62M | 76.88M | 62.93M | 41.46M | 61.48M | |||||||||||
| Gross Profit | -35.88M | 1.15M | 0.01M | 4.84M | 1.99M | 2.23M | 4.86M | 11.46M | 17.88M | 23.02M | 17.23M | 27.20M | 33.61M | 41.52M | 43.02M | 31.72M | 46.41M | 0.96M | 19.16M | 25.78M | |||||||||||
| Operating items | |||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 13.52M | 11.19M | 11.31M | 10.24M | 11.46M | 10.50M | 10.86M | 9.51M | 13.24M | 11.39M | 11.49M | 10.11M | 10.69M | 8.77M | 8.25M | 7.72M | 7.76M | 10.38M | 8.81M | 8.86M | |||||||||||
| Selling, General & AdministrativeSG&A | 57.06M | 33.82M | 26.10M | 34.34M | 22.59M | 19.75M | 20.39M | 23.51M | 24.98M | 27.91M | 23.79M | 23.51M | 11.84M | 22.34M | 14.12M | 11.18M | 19.66M | 23.71M | 12.94M | 13.89M | |||||||||||
| Restructuring CostsRestructuring | 44.16M | ||||||||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | -36.78M | 7.19M | 6.00M | 5.81M | 5.56M | 7.04M | 4.99M | 5.95M | 6.45M | 6.73M | 5.59M | 93.05M | 4.97M | 12.13M | 6.80M | 4.79M | 6.04M | 8.71M | 5.34M | 4.77M | |||||||||||
| Operating ExpensesOpex | 77.96M | 52.20M | 43.41M | 50.39M | 39.60M | 37.29M | 36.23M | 38.96M | 44.67M | 46.04M | 40.88M | 126.67M | 27.51M | 43.24M | 29.17M | 23.69M | 33.46M | 42.80M | 27.09M | 27.51M | |||||||||||
| Operating IncomeOp. Inc | -113.30M | -47.59M | -43.26M | -44.97M | -37.09M | -34.63M | -31.30M | -26.87M | -26.35M | -22.22M | -23.12M | -98.74M | 7.19M | -1.42M | 15.27M | 9.03M | 12.99M | -41.16M | -7.93M | -1.72M | |||||||||||
| EBIT | -113.30M | -47.59M | -43.26M | -44.97M | -37.09M | -34.63M | -31.30M | -26.87M | -26.35M | -22.22M | -23.12M | -98.74M | 7.19M | -1.42M | 15.27M | 9.03M | 12.99M | -41.16M | -7.93M | -1.72M | |||||||||||
| Non-operating items | |||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 1.25M | 0.78M | 0.80M | 0.90M | 0.77M | 0.86M | 0.46M | 0.49M | 0.49M | 1.19M | 1.73M | 2.09M | 4.29M | 1.59M | 1.19M | 1.25M | 1.25M | 1.21M | 1.23M | 1.33M | |||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.10M | 0.14M | 0.31M | 0.42M | 0.87M | 1.57M | 1.38M | 1.52M | 0.58M | 0.13M | 0.12M | 0.25M | 0.19M | 0.19M | 0.18M | 0.20M | 0.24M | 0.35M | 0.38M | 0.73M | |||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.45M | 7.71M | 1.25M | 3.67M | 7.19M | 0.51M | -6.90M | -4.71M | |||||||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | -0.02M | -0.09M | 0.40M | 0.01M | 0.35M | 0.19M | 0.79M | -0.24M | 0.13M | -1.39M | -0.14M | 0.15M | -0.31M | 0.45M | 0.32M | 0.12M | -0.08M | -0.11M | |||||||||||||
| Net income details | |||||||||||||||||||||||||||||||
| EBT | -116.37M | -46.96M | -43.78M | -44.18M | -36.54M | -33.66M | -29.57M | -26.08M | -26.17M | -24.58M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -105.84M | -0.75M | 10.26M | -8.78M | -11.99M | |||||||||||
| Tax ProvisionsTaxes | 0.11M | -0.32M | 0.03M | 0.01M | 0.22M | 0.74M | -6.28M | ||||||||||||||||||||||||
| Profit After TaxPAT | -116.48M | -46.64M | -43.78M | -44.18M | -36.54M | -33.70M | -29.58M | -26.09M | -26.17M | -24.59M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -106.06M | -1.49M | 16.54M | 48.21M | -11.99M | |||||||||||
| Income from Non-Controlling InterestsInc. Minority | 0.01M | 0.01M | -0.04M | -0.06M | |||||||||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | -116.48M | -46.64M | -43.78M | -44.18M | -36.54M | -33.70M | -29.57M | -26.08M | -26.17M | -24.59M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -106.06M | -1.49M | 16.54M | -8.78M | -11.99M | |||||||||||
| Consolidated Net IncomeConsol Net Inc. | -116.48M | -46.64M | -43.78M | -44.18M | -36.54M | -33.70M | -29.57M | -26.08M | -26.17M | -24.59M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -106.06M | -1.49M | 16.54M | -8.78M | -11.99M | |||||||||||
| Income towards Parent CompanyParent Net Inc | -116.48M | -46.64M | -43.78M | -44.18M | -36.54M | -33.70M | -29.57M | -26.08M | -26.17M | -24.59M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -106.06M | -1.49M | 16.54M | -8.78M | -11.99M | |||||||||||
| Net Income towards Common StockholdersNet Income | -116.48M | -46.64M | -43.78M | -44.18M | -36.54M | -33.70M | -29.57M | -26.08M | -26.17M | -24.59M | -24.82M | -101.56M | 13.25M | -82.32M | 61.79M | -106.06M | -1.49M | 16.54M | -8.78M | -11.99M | |||||||||||
| Additional items | |||||||||||||||||||||||||||||||
| EPS (Basic) | -0.48 | -0.25 | -0.15 | -0.15 | -0.12 | -0.11 | -0.10 | -0.08 | -0.08 | -0.08 | -0.08 | -0.32 | 0.04 | -0.26 | 0.19 | -0.33 | 0.00 | 0.05 | -0.03 | -0.03 | |||||||||||
| EPS (Diluted) | -0.48 | -0.25 | -0.15 | -0.15 | -0.12 | -0.11 | -0.10 | -0.08 | -0.08 | -0.08 | -0.08 | -0.32 | 0.04 | -0.26 | 0.17 | -0.33 | 0.00 | 0.05 | -0.02 | -0.03 | |||||||||||
| Shares Outstanding | 243.86M | 185.90M | 298.84M | 300.57M | 305.98M | 303.28M | 307.71M | 307.74M | 313.11M | 310.91M | 315.37M | 315.51M | 320.55M | 318.46M | 323.43M | 323.64M | 323.76M | 324.69M | 332.36M | 348.95M | |||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 243.86M | 185.90M | 298.84M | 300.57M | 305.98M | 303.28M | 307.71M | 307.74M | 313.11M | 310.91M | 315.37M | 315.51M | 367.03M | 318.46M | 374.43M | 323.64M | 323.76M | 324.69M | 385.27M | 348.95M | |||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 243.86M | 185.90M | 298.85M | 300.86M | 307.60M | 307.63M | 307.74M | 307.94M | 314.85M | 315.01M | 315.51M | 315.51M | 322.13M | 323.14M | 323.53M | 323.67M | 323.77M | 331.79M | 333.16M | 384.53M | |||||||||||
| EBITDA | -113.30M | -47.59M | -43.26M | -44.97M | -37.09M | -34.63M | -31.30M | -26.87M | -26.35M | -22.22M | -23.12M | -98.74M | 7.19M | -1.42M | 15.27M | 9.03M | 12.99M | -41.16M | -7.93M | -1.72M | |||||||||||
| Interest ExpensesInt Expense | 1.25M | 0.78M | 0.80M | 0.90M | 0.77M | 0.86M | 0.46M | 0.49M | 1.73M | 2.09M | 1.63M | 1.19M | 1.25M | 1.23M | 1.33M | ||||||||||||||||
| Tax Rate | -0.09% | 0.69% | -0.10% | -0.04% | -0.21% | -98.53% | -61.28% |