Microvast Holdings, Inc. (MVST)

From the record

Microvast Holdings, Inc.'s filings since 2018 show 14 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-08-31); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2025-03-20); an auditor change (8-K item 4.01, the latest 2021-10-22); a late-report notice (Form NT 10-K or NT 10-Q, 4 times, the latest 2025-03-18) (its current reports).

From the record

Microvast Holdings, Inc.'s 7 filed years say what it did: revenue went from $76 million in fiscal 2019 to $428 million in fiscal 2025, up 33.2% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 1 of 7 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Microvast Holdings, Inc.'s diluted share count grew about 2.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales (3 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Microvast Holdings, Inc. lost about 7 cents for every dollar of shareholders' money, and gross profitability: its products earned about 12 cents per dollar of everything the company owns. Leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count grew 2.0% over the year (the filed statements).

From the record

Microvast Holdings, Inc.'s standing among 39 graded names in its industry family: revenue of $428 million in fiscal 2025 ranks in the top 22% by size; a net margin of -6.8% ranks in the top 29%; revenue growth of 27.9% a year over the last 3 filed years ranks in the top 35% (its annual reports).

From the record

Microvast Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Wu, Yang (Chief Executive Officer, as filed), filing under that title since 2021-07-26, 5.3 years (top 33% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 5.3 years (top 30%); 17 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 9%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Microvast Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $105 million against debt of $13 million leaves 9.1% of its assets as net cash, top 33% of its family; cash from operations less capital spending is 13.1% of revenue (top 1%); a gross margin of 28.6% (top 36%); research spending of 8% of revenue (top 50%) (its annual report).

From the record

Microvast Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 27.9% a year over the last three filed years against 33.2% over all 7, slowing (top 42% of its family); the newest year grew 12.6% (top 41%); research spending grew -7.8% a year (bottom 32%); capital spending grew -49.1% a year (bottom 8%) (its annual reports). Microvast Holdings, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Microvast Holdings, Inc.'s newest year against its own record: revenue of $428 million in fiscal 2025 came in 17.4% below the $517 million its prior three years' pace pointed to (bottom 36% of its family); net income of $29 million against a prior three-year average of $153 million (top 13%); a net margin of -6.8% against -54.5% before (top 27%) (its annual reports).