Filing Flows › Microvast Holdings (MVST) › Q1 2026 › vs Q4 2025
Microvast Holdings (MVST) Q1 2026 vs Q4 2025 (quarter over quarter)
Microvast Holdings's revenue fell $35.8M (-37%) from $96.4M in Q4 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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $60.6M | $96.4M | −$35.8M | -37% |
| Other income, net | $56.1M | $51.4M | $4.7M | +9% |
| Costs & expenses | $117M | $154M | −$37.3M | -24% |
| Operating costs | $68.5M | $138M | −$69.0M | -50% |
| Net earnings | $48.2M | $16.5M | $31.7M | +191% |
| Cost of revenue | $41.5M | $95.4M | −$54.0M | -57% |
| Research & development | $8.8M | $10.4M | −$1.6M | -15% |
| Sales & marketing | $5.3M | $6.0M | −$626K | -10% |
| General & admin | $12.9M | $23.7M | −$10.8M | -45% |
| Operating cash sources | $72.0M | $912K | $71.1M | 79× |
| Share-based compensation | $1.0M | $795K | $213K | +27% |
| Cash used in operations | $22.8M | −$16.4M | $39.2M | — |
| Working capital & other | $72.0M | $912K | $71.1M | 79× |
Questions
How much did Microvast Holdings's revenue grow quarter over quarter in Q1 2026?
Microvast Holdings's revenue fell $35.8M (-37%) from $96.4M in Q4 2025 to $60.6M in Q1 2026.