Filing Flows › Microvast Holdings (MVST) › Q4 2024
Microvast Holdings (MVST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Microvast Holdings (MVST) reported revenue of $113M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +12% from the quarter before. Operating margin was -1.2%, net loss $82.3M (72.6% of revenue).
Microvast Holdings, Q4 2024: revenue $113M (+8% year over year), operating margin -1.2%, net loss $82.3M, operating cash flow $6.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +12% | +8% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$82.3M | — | — |
| Operating cash flow | $6.1M | — | — |
| Free cash flow | $5.7M | — | — |
What changed
Revenue was $113.4M in Q4 2024, up 8% year over year and up 12% from the previous quarter.
Gross margin was 36.6%, up 14.6 points from a year earlier. Operating costs exceeded revenue by $1.4M, an operating margin of -1.2%. Operating expenses fell 5% while revenue rose 8%. The quarter ended with a net loss of $82.3M, after a profit of $13.2M the previous quarter. Net interest and other expense of $80.9M was the main reason.
Operating cash flow was $6.1M. Non-cash charges added back $551K of share-based compensation. Working capital and other items added $87.9M. Capital expenditures of $355K left free cash flow of $5.7M.
Questions
What was Microvast Holdings' revenue in the fourth quarter 2024?
Microvast Holdings (MVST) reported revenue of $113M for the fourth quarter 2024 (Q4 2024), +8% from a year earlier and +12% from the quarter before.
Was Microvast Holdings profitable in the fourth quarter 2024?
Operating loss was $1.4M (-1.2% of revenue) and net loss $82.3M.
Source: Microvast Holdings 10-K on SEC EDGAR.