Short answer
Microvast Holdings, Inc. (MVST) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $123M (up 21.6% year over year) with net income of −$1M.
Q3 2025 key financials · XBRL
- Revenue
- $123M
- +21.6% YoY · +35.0% QoQ
- Net income
- −$1M
- −111.2% YoY · +98.6% QoQ
- Operating margin
- 10.5%
- Gross margin
- 37.6%
- EPS (diluted)
- $0.00
- −100.0% YoY · +100.0% QoQ
Source: XBRL data from the Microvast Holdings, Inc. (MVST) Q3 2025 10-Q on SEC EDGAR. USD.
Microvast Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $123.3M, up $21.9M or 21.6% YoY, with sales volume up 15.6% to 501.7 MWh
- Gross margin 37.6% vs 33.2% YoY, driven by higher utilization and favorable product mix
- Europe strongest region at $77.9M, up from $59.5M YoY; France revenue $33.2M vs $0.6M
- Operating profit $13.0M, up 80.8% YoY; net loss $1.5M vs $13.2M profit
- Backlog $237.7M, mostly expected for fulfillment in 2025 and 2026; Clarksville expansion remains funding-dependent
Risk Factors
- No risk-factors section provided; submitted text contains Items 2–6 only
- Executive trading-plan disclosure: Yixin Pan adopted a Rule 10b5-1 plan covering up to 12,595 shares through January 6, 2026
- No unregistered equity sales during the three months ended September 30, 2025
- No defaults upon senior securities reported for the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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