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Microvast Holdings (MVST) capital expenditures by quarter

Microvast Holdings' capital expenditures were $643K in Q4 2025 (fourth quarter 2025), -95% from Q3 2025. Over the last 5 quarters it ranged from $355K (Q4 2024) to $14.0M (Q3 2025).

Microvast Holdings capital expenditures by quarterMicrovast Holdings capital expenditures by quarter$355KQ4 2024$2.3MQ1 2025$2.9MQ2 2025$14.0MQ3 2025$643KQ4 2025
QuarterCapital expendituresQ/QY/Y
Q4 2025$643K-95%+81%
Q3 2025$14.0M+389%—
Q2 2025$2.9M+22%—
Q1 2025$2.3M+561%—
Q4 2024$355K——

Q4 2025 at a glance

Microvast Holdings, Q4 2025: revenue $96.4M (-15% year over year), operating margin -42.7%, net earnings $16.5M, operating cash flow $16.4M. The chart follows the revenue to costs, profit and cash.

Questions

What is Microvast Holdings' capital expenditures?

Microvast Holdings' capital expenditures were $643K in Q4 2025 (fourth quarter 2025), -95% from Q3 2025.

How has Microvast Holdings' capital expenditures changed?

Over the last 5 quarters it ranged from $355K (Q4 2024) to $14.0M (Q3 2025).

Q4 2025 results → · How Microvast Holdings makes money →