Short answer
Microvast Holdings, Inc. (MVST) filed its Q2 2026 10-Q quarterly report on Aug 10, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $87M (down 4.5% year over year) with net income of −$12M.
Q2 2026 key financials · XBRL
- Revenue
- $87M
- −4.5% YoY · +44.0% QoQ
- Net income
- −$12M
- +88.7% YoY · −124.9% QoQ
- Operating margin
- -2.0%
- Gross margin
- 29.5%
- EPS (diluted)
- −$0.02
- +89.5% YoY · +50.0% QoQ
Source: XBRL data from the Microvast Holdings, Inc. (MVST) Q2 2026 10-Q on SEC EDGAR. USD.
Microvast Holdings, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $87.3M, down 4.5% YoY from $91.3M, including $2.7M tariff refund
- Gross margin 29.5% vs 34.7% YoY; operating loss $1.7M vs $9.0M operating profit
- Europe strongest region at $52.4M, up from $38.9M; United States weakest at negative $1.7M
- EV demand moderation, expired incentives, tariffs, geopolitics, and raw-material inflation pressuring near-term outlook
- Going-concern substantial doubt remains; Phase 3.2 capacity ramp-up anticipated during second half of 2026
Risk Factors
- Going-concern risk intensified by $33.3M operating cash use, accumulated deficit $1,086.0M, and revenue decline of 28.8%
- Debt-refinancing risk: $104.2M of $118.6M borrowings due within 12 months, including $41.7M bonds repayable by January 31, 2027
- Chinese bond default risk: pledged 12.39% subsidiary stake and interest rate increases to 12% upon default
- Nasdaq compliance risk triggered July 13, 2026, when closing bid price fell below $1.00
- Restricted cash mobility: $39.7M in China and $23.5M in Europe unavailable for U.S. operations or Clarksville expansion
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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