Filing Flows › Microvast Holdings (MVST) › Q1 2026 › vs Q1 2025
Microvast Holdings (MVST) Q1 2026 vs Q1 2025 (year over year)
Microvast Holdings's revenue fell $55.9M (-48%) from $116M in Q1 2025 to $60.6M in Q1 2026.
Microvast Holdings, Q1 2026: revenue $60.6M (-48% year over year), operating margin -13.1%, net earnings $48.2M, operating cash flow −$22.8M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $60.6M | $116M | −$55.9M | -48% |
| Other income, net | $56.1M | $46.5M | $9.6M | +21% |
| Costs & expenses | $117M | $163M | −$46.3M | -28% |
| Operating costs | $68.5M | $101M | −$32.7M | -32% |
| Net earnings | $48.2M | $61.8M | −$13.6M | -22% |
| Cost of revenue | $41.5M | $73.5M | −$32.0M | -44% |
| Operating cash sources | $72.0M | $55.3M | $16.7M | +30% |
| Share-based compensation | $1.0M | $703K | $305K | +43% |
| Cash used in operations | $22.8M | −$7.2M | $30.0M | — |
| Working capital & other | $72.0M | $55.3M | $16.7M | +30% |
Questions
How much did Microvast Holdings's revenue grow year over year in Q1 2026?
Microvast Holdings's revenue fell $55.9M (-48%) from $116M in Q1 2025 to $60.6M in Q1 2026.