Filing Flows › Microvast Holdings (MVST) › Q2 2026
Microvast Holdings (MVST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Microvast Holdings (MVST) reported revenue of $87.3M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +44% from the quarter before. Operating margin was -2.0%, net loss $12.0M (13.7% of revenue).
Microvast Holdings, Q2 2026: revenue $87.3M (-4% year over year), operating margin -2.0%, net loss $12.0M, operating cash flow −$10.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.3M | +44% | -4% |
| Operating profit | −$1.7M | — | -111% |
| Net earnings | −$12.0M | -125% | — |
| Operating cash flow | −$10.5M | — | -128% |
What changed
Revenue was $87.3M in Q2 2026, down 4% year over year and up 44% from the previous quarter.
Gross margin was 29.5%, down 5.2 points from Q2 2025. Operating costs exceeded revenue by $1.7M, an operating margin of -2.0%. Operating expenses grew 21% against a revenue fall of 4%. The fastest-growing cost line was Sales & marketing (+39%). The quarter ended with a net loss of $12.0M, after a profit of $48.2M the previous quarter. Net interest and other expense of $10.3M was the main reason.
Operating cash flow was −$10.5M. Non-cash charges added back $842K of share-based compensation. Working capital and other items added $633K. Capital expenditures of $11.3M exceeded it, leaving free cash flow of −$21.8M.
Questions
What was Microvast Holdings' revenue in the second quarter 2026?
Microvast Holdings (MVST) reported revenue of $87.3M for the second quarter 2026 (Q2 2026), -4% from a year earlier and +44% from the quarter before.
Was Microvast Holdings profitable in the second quarter 2026?
Operating loss was $1.7M (-2.0% of revenue) and net loss $12.0M.
Source: Microvast Holdings 10-Q on SEC EDGAR.