profit from every $100 of sales.

Microvast Holdings
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
It has no yearly profit to compare the price with.
of earnings would pay off all its debt.
Money in, money out
What Microvast Holdings sold, what it kept, and what it did with the cash.
Sales went from $204 million in 2022 to $428 million in 2025, with -$29.2 million of profit last year.
Microvast Holdings vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
Microvast Holdings | No profit yet | ||
Contemporary Amperex Technology | 20.6× · Fair price | ||
ABB | 32.0× · Expensive | ||
Vertiv | 56.1× · Expensive | ||
Delta Electronics (Thailand) Public | 97.0× · Very expensive |
AI analysis
An AI analyst reads Microvast Holdings's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 204 | 307 | 380 | 428 | |
| 9 | 57 | 120 | 122 | |
| -158 | -106 | -23 | 11 | |
| -134 | -81 | -155 | 3 | |
| -158 | -106 | -195 | -29 | |
| -0.52 | -0.34 | -0.61 | -0.09 | |
| 4.4% | 18.7% | 31.5% | 28.6% | |
| -77.3% | -34.6% | -6.0% | 2.6% | |
| -77.4% | -34.7% | -51.5% | -6.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 985 | 1,097 | 952 | 1,005 |
| Cash | 231 | 45 | 73 | 105 |
| Total debt | 175 | 205 | 329 | 384 |
| Total liabilities | 372 | 533 | 564 | 595 |
| 613 | 564 | 388 | 411 | |
| 303 | 311 | 318 | 325 | |
| -15.5% | -10.7% | -20.5% | -2.9% | |
| -25.8% | -18.8% | -50.4% | -7.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -54 | -75 | 3 | 76 | |
| 151 | 187 | 28 | 20 | |
| -205 | -262 | -25 | 56 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 91 | 65 | 31 | 3 |
Valuation
- –
- 3.7×
- –
- 0.9×
- 0.2×
- 1.5×
- 104.4×
- 66.0%
- -34.4%
- 0.0%
Profitability
- 28.6%
- 2.6%
- -6.8%
- -4.9%
- -2.2%
- -18.4%
- -10.8%
- -4.3%
- -3.2%
- 9.3%
Growth
- +27.9%
- –
- +325.1%
- –
- +15.0%
Financial health
- 80.1×
- 0.38
- 18.0%
- -3.5×
- 0.96
- 0.74
- 0.38
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
What analysts expect
- Average price target
- $4.80
- Range
- $1.59 – $8.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | -0.04 | 0.05 | −180.0% |
| Mar 16, 2026 | -0.11 | 0.02 | −650.0% |
| Nov 10, 2025 | 0.04 | 0.02 | +100.0% |
| Aug 11, 2025 | 0.05 | 0.01 | +400.0% |
| May 12, 2025 | 0.06 | -0.02 | +400.0% |
| Mar 31, 2025 | -0.01 | -0.02 | +50.0% |
| Nov 12, 2024 | 0.05 | -0.06 | +183.3% |
| Aug 9, 2024 | -0.21 | -0.05 | −320.0% |
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about Microvast Holdings
Is Microvast Holdings a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Microvast Holdings AI analysis
What does Microvast Holdings do?
Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. It is in Electrical Equipment & Parts.
Does Microvast Holdings pay a dividend?
No. Microvast Holdings does not pay a dividend at the moment.
Is Microvast Holdings stock halal?
No. Microvast Holdings does not pass our halal screen: its debt is 452% of its market value, at or above the 33% limit. How we check
How has Microvast Holdings stock done over the past year?
Down 95.6% over the past twelve months, to $0.22. It traded between $0.22 and $4.98 and is 95.6% below its high.
Who are Microvast Holdings's competitors?
The largest listed companies in the same industry are Contemporary Amperex Technology, ABB, Vertiv and Delta Electronics (Thailand) Public. The peers table on this page compares their profit, growth and price with Microvast Holdings's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.



