Filing Flows › Microvast Holdings (MVST) › Q3 2026 › vs Q3 2025
Microvast Holdings (MVST) Q3 2026 vs Q3 2025 (year over year)
Microvast Holdings's revenue fell $77.5M (-63%) from $123M in Q3 2025 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 Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $45.8M | $123M | −$77.5M | -63% |
| Net loss | $76.8M | $1.5M | $75.3M | 52× |
| Costs & expenses | $123M | $125M | −$2.2M | -2% |
| Operating costs | $112M | $108M | $4.1M | +4% |
| Interest & other, net | $4.7M | $15.6M | −$10.9M | -70% |
| Income tax | $5.4M | $739K | $4.7M | +635% |
| Cost of revenue | $43.4M | $76.9M | −$33.4M | -43% |
| Research & development | $8.4M | $7.8M | $605K | +8% |
| Sales & marketing | $4.6M | $6.0M | −$1.4M | -24% |
| General & admin | $20.4M | $17.8M | $2.6M | +15% |
| Operating cash sources | $76.8M | $1.5M | $75.3M | 52× |
| Share-based compensation | $764K | $728K | $36K | +5% |
| Working capital & other | $43.9M | $15.9M | $28.0M | +176% |
| Cash used in operations | $32.1M | −$15.2M | $47.3M | — |
| Net loss absorbed | $76.8M | $1.5M | $75.3M | 52× |
Questions
How much did Microvast Holdings's revenue grow year over year in Q3 2026?
Microvast Holdings's revenue fell $77.5M (-63%) from $123M in Q3 2025 to $45.8M in Q3 2026.