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Microvast Holdings, Inc. (MVST) stock

MVSTNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 5/3084% below fair value
$0.22−0.02 (-7.62%)

Close on Nov 13, 2026Market cap $83.44MP/E –Yield –

Microvast gross margin

Gross margin is gross profit as a percentage of revenue.

Microvast's gross margin for the twelve months ending Sep 30, 2026 was 16.6%. For fiscal 2025 it was 28.6%, against 31.5% the year before. The highest annual figure on record is 31.5% in fiscal 2024.

Annual gross margin

PeriodPeriod endValueChange (pts)
FY2025Dec 31, 202528.6%−2.9
FY2024Dec 31, 202431.5%+12.8
FY2023Dec 31, 202318.7%+14.2
FY2022Dec 31, 20224.4%+32.6
FY2021Dec 31, 2021-28.1%−44.1
FY2020Dec 31, 202015.9%+16.2
FY2019Dec 31, 2019-0.3%–

Quarterly gross margin

Change is against the same quarter a year earlier.

PeriodPeriod endValueChange (pts)
Q3 FY2026Sep 30, 20265.2%−32.5
Q2 FY2026Jun 30, 202629.5%−5.2
Q1 FY2026Mar 31, 202631.6%−5.3
Q4 FY2025Dec 31, 20251.0%−35.6
Q3 FY2025Sep 30, 202537.6%+4.5
Q2 FY2025Jun 30, 202534.7%+2.2
Q1 FY2025Mar 31, 202536.9%+15.8
Q4 FY2024Dec 31, 202436.6%+14.6
Q3 FY2024Sep 30, 202433.2%+10.8
Q2 FY2024Jun 30, 202432.5%+17.2
Q1 FY2024Mar 31, 202421.2%+10.8
Q4 FY2023Dec 31, 202322.0%+18.6
Q3 FY2023Sep 30, 202322.3%+17.2
Q2 FY2023Jun 30, 202315.3%+7.8
Q1 FY2023Mar 31, 202310.3%+10.3
Q4 FY2022Dec 31, 20223.4%+1.7
Q3 FY2022Sep 30, 20225.2%+102.4
Q2 FY2022Jun 30, 20227.5%+27.8
Q1 FY2022Mar 31, 20220.0%+8.3
Q4 FY2021Dec 31, 20211.7%−16.3
Q3 FY2021Sep 30, 2021-97.3%−109.2
Q2 FY2021Jun 30, 2021-20.3%–
Q1 FY2021Mar 31, 2021-8.3%–
Q4 FY2020Dec 31, 202018.1%–
Q3 FY2020Sep 30, 202012.0%–

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