Filing Flows › Microvast Holdings (MVST) › Q3 2026 › vs Q2 2026
Microvast Holdings (MVST) Q3 2026 vs Q2 2026 (quarter over quarter)
Microvast Holdings's revenue fell $41.5M (-48%) from $87.3M in Q2 2026 to $45.8M in Q3 2026.
Microvast Holdings, Q3 2026: revenue $45.8M (-63% year over year), operating margin -145.5%, net loss $76.8M, operating cash flow −$32.1M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $45.8M | $87.3M | −$41.5M | -48% |
| Net loss | $76.8M | $12.0M | $64.8M | +541% |
| Costs & expenses | $123M | $99.2M | $23.4M | +24% |
| Operating costs | $112M | $89.0M | $23.5M | +26% |
| Interest & other, net | $4.7M | $10.3M | −$5.6M | -54% |
| Income tax | $5.4M | $0 | $5.4M | — |
| Cost of revenue | $43.4M | $61.5M | −$18.0M | -29% |
| Research & development | $8.4M | $8.9M | −$498K | -6% |
| Sales & marketing | $4.6M | $4.7M | −$174K | -4% |
| General & admin | $20.4M | $13.9M | $6.5M | +47% |
| Operating cash sources | $76.8M | $12.0M | $64.8M | +541% |
| Share-based compensation | $764K | $842K | −$78K | -9% |
| Working capital & other | $43.9M | $633K | $43.3M | 69× |
| Cash used in operations | $32.1M | $10.5M | $21.6M | +206% |
| Net loss absorbed | $76.8M | $12.0M | $64.8M | +541% |
Questions
How much did Microvast Holdings's revenue grow quarter over quarter in Q3 2026?
Microvast Holdings's revenue fell $41.5M (-48%) from $87.3M in Q2 2026 to $45.8M in Q3 2026.