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 operating margin

Operating margin is operating income as a percentage of revenue.

Microvast's operating margin for the twelve months ending Sep 30, 2026 was -37.4%. For fiscal 2025 it was 1.6%, against -30.6% the year before. The highest annual figure on record is 1.6% in fiscal 2025.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	1.6%	+32.2
FY2024	Dec 31, 2024	-30.6%	+4.2
FY2023	Dec 31, 2023	-34.8%	+43.4
FY2022	Dec 31, 2022	-78.2%	+49.5
FY2021	Dec 31, 2021	-127.7%	−100.6
FY2020	Dec 31, 2020	-27.1%	+43.4
FY2019	Dec 31, 2019	-70.5%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	-145.5%	−157.6
Q2 FY2026	Jun 30, 2026	-2.0%	−11.9
Q1 FY2026	Mar 31, 2026	-13.1%	−26.2
Q4 FY2025	Dec 31, 2025	-33.4%	−32.2
Q3 FY2025	Sep 30, 2025	12.1%	+5.0
Q2 FY2025	Jun 30, 2025	9.9%	+127.9
Q1 FY2025	Mar 31, 2025	13.1%	+41.5
Q4 FY2024	Dec 31, 2024	-1.2%	+20.0
Q3 FY2024	Sep 30, 2024	7.1%	+40.0
Q2 FY2024	Jun 30, 2024	-118.0%	−82.2
Q1 FY2024	Mar 31, 2024	-28.4%	+38.2
Q4 FY2023	Dec 31, 2023	-21.2%	+32.2
Q3 FY2023	Sep 30, 2023	-32.9%	+63.2
Q2 FY2023	Jun 30, 2023	-35.8%	+34.0
Q1 FY2023	Mar 31, 2023	-66.6%	+51.3
Q4 FY2022	Dec 31, 2022	-53.4%	+17.8
Q3 FY2022	Sep 30, 2022	-96.0%	+211.0
Q2 FY2022	Jun 30, 2022	-69.8%	−2.9
Q1 FY2022	Mar 31, 2022	-118.0%	−45.4
Q4 FY2021	Dec 31, 2021	-71.3%	−63.6
Q3 FY2021	Sep 30, 2021	-307.1%	−277.5
Q2 FY2021	Jun 30, 2021	-66.9%	–
Q1 FY2021	Mar 31, 2021	-72.5%	–
Q4 FY2020	Dec 31, 2020	-7.7%	–
Q3 FY2020	Sep 30, 2020	-29.6%	–