Microvast Holdings - CW26 | 8-K: 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

• Q3 revenue was $123.3 million, marking a 21.6% increase year-over-year.
• Revenue for the nine months ended September 30, 2025, was $331.1 million, a 24.3% increase compared to the same period in 2024.

Operational Metrics

• Gross margin for Q3 increased to 37.6% from 33.2% in Q3 2024; Non-GAAP adjusted gross margin was 37.7%.
• Operating expenses for Q3 were $33.5 million, up from $27.5 million in Q3 2024.
• Net loss for Q3 was $1.5 million, compared to a net profit of $13.2 million in Q3 2024.
• Non-GAAP adjusted EBITDA for Q3 was $21.9 million.
• For the nine months ended September 30, 2025, gross margin increased to 36.6% from 29.3% in the same period in 2024.
• Operating expenses for the nine months were $75.5 million, down from $195.1 million in the same period in 2024.
• Net loss for the nine months was $45.8 million, compared to a net loss of $113.1 million in the same period in 2024.
• Non-GAAP adjusted EBITDA for the nine months was $76.3 million.

Cash Flow

• Operating cash flow was $59.5 million for the nine months ended September 30, 2025.
• Capital expenditures were $17.4 million in Q3 2025, compared to $30.6 million in Q3 2024.
• Cash, cash equivalents, and restricted cash totaled $142.6 million as of September 30, 2025.

Unique Metrics

• Revenue by region for Q3: APAC: $38.8 million (-1% Y/Y), EMEA: $77.9 million (+31% Y/Y), USA: $6.6 million (+149% Y/Y).
• Revenue by region for the nine months: APAC: $136.5 million (+9% Y/Y), EMEA: $176.8 million (+31% Y/Y), USA: $17.8 million (+203% Y/Y).

Outlook / Guidance

• The company maintains its revenue guidance of $450 million to $475 million for 2025, with a target revenue growth of 18% to 25%.
• Gross margin outlook for the full year 2025 is updated to a target range of 32% to 35%.
• The company plans to complete the installation and commissioning of production equipment for the Huzhou Phase 3.2 expansion by year-end, aiming to increase capacity to meet strong customer demand.