---
title: "Microvast (MVST.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/MVST.US/norm.md"
symbol: "MVST.US"
name: "Microvast"
parent: "https://longbridge.com/en/quote/MVST.US.md"
datetime: "2026-06-13T13:13:36.200Z"
locales:
  - [en](https://longbridge.com/en/quote/MVST.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/MVST.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/MVST.US/norm.md)
---

# Microvast (MVST.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0405 | 0.0477 | -0.0046 | -0.3277 | 0.0504 |
| ROE | 44.00% | 17.21% | -1.67% | -104.70% | 58.70% |
| Revenue | 60.61M | 96.40M | 123.29M | 91.34M | 116.49M |
| Net income | 48.21M | 16.54M | -1.49M | -106.06M | 61.79M |
| Operating income | -7.94M | 2.36M | 14.89M | 9.40M | 13.85M |
| Gross margin | 31.60% | 34.72% | 37.65% | 34.73% | 36.93% |
| Net margin | 79.54% | 17.16% | -1.21% | -116.11% | 53.04% |
| Profit quality | - | 14.35% | 98.19% | 25.29% | 193.18% |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 987.50M | 1.01B | 1.01B | 1.00B | 982.93M |
| Leverage | 2.12 | 2.45 | 2.83 | 2.82 | 2.16 |
| BVPS | 1.40 | 1.24 | 1.11 | 1.11 | 1.41 |
| Turnover | 0.3772 | 0.4368 | 0.4420 | 0.4249 | 0.4101 |
| Cash & STI | 126.13M | 105.95M | 90.75M | 99.72M | 90.90M |
| Inv & Rec | 95.04M | 89.41M | 126.94M | 141.75M | 129.06M |
| LT assets | 526.82M | 525.39M | 542.13M | 540.92M | 503.36M |
| Net debt | 199.85M | 278.54M | 338.33M | 303.56M | 205.45M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -22.80M | 16.42M | 15.16M | 37.15M | 7.17M |
| Investing CF | -2.80M | -590000.00 | -10.38M | -2.75M | -2.33M |
| Financing CF | 29.32M | 6.86M | -2.75M | -16.26M | 9.46M |
| Free CF | 30.81M | 2.93M | -36.17M | 44.95M | 9.60M |
| OCF coverage | -96.35% | 53.41% | 63.80% | 80.80% | 42.72% |
| Repaid & issued | 51.72M | 15.66M | 10.48M | 31.38M | 28.19M |
| CapEx | -2.85M | -643000.00 | -13.98M | -2.86M | -2.35M |