Microvast Holdings - CW26 | 10-Q: FY2025 Q3 Revenue: USD 123.29 M

Revenue: As of FY2025 Q3, the actual value is USD 123.29 M.

EPS: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD 14.01 M.

Segment Revenue

• Total Revenue: $123.3 million for the three months ended September 30, 2025, compared to $101.4 million for the same period in 2024, representing a 21.6% increase.
• Revenue by Region:
  • China: $27.5 million (22% of total revenue) in 2025, compared to $28.7 million (28% of total revenue) in 2024.
  • Other Asia & Pacific Countries: $11.4 million (9% of total revenue) in 2025, compared to $10.6 million (10% of total revenue) in 2024.
  • Europe: $77.9 million (64% of total revenue) in 2025, compared to $59.5 million (59% of total revenue) in 2024.
  • U.S.: $6.6 million (5% of total revenue) in 2025, compared to $2.6 million (3% of total revenue) in 2024.

Operational Metrics

• Gross Profit: $46.4 million for the three months ended September 30, 2025, compared to $33.6 million for the same period in 2024, representing a 38.1% increase.
• Operating Expenses: Total operating expenses were $33.5 million for the three months ended September 30, 2025, compared to $27.5 million for the same period in 2024, representing a 21.6% increase.
• Net Loss: - $1.5 million for the three months ended September 30, 2025, compared to a net profit of $13.2 million for the same period in 2024.

Cash Flow

• Net Cash Generated from Operating Activities: $59.5 million for the nine months ended September 30, 2025, compared to - $3.3 million used in operating activities for the same period in 2024.
• Net Cash Used in Investing Activities: - $15.5 million for the nine months ended September 30, 2025, compared to - $12.0 million for the same period in 2024.
• Net Cash Used in Financing Activities: - $9.5 million for the nine months ended September 30, 2025, compared to $46.6 million generated from financing activities for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to expand its production capacity and advance next-generation battery technologies, with a focus on driving battery innovation and scaling global production.
• Non-Core Business: The company has made a strategic decision to pivot from the originally planned NMC production in Clarksville to the 565Ah lithium iron phosphate battery, consolidating ESS operations to enhance operational efficiencies for its U.S. business.
• Priority: The company aims to become a leader in U.S. domestic battery production, reducing reliance on overseas suppliers, and strengthening national energy independence.