earnings
confidence high
sentiment neutral
materiality 0.70
Microvast Q3 revenue record $123.3M (+21.6% YoY); GAAP net loss $1.5M, but adjusted EBITDA +$21.9M
Microvast Holdings, Inc.
2025-Q3 EPS reported
-$0.14
revenue$331,117,000
- Record Q3 revenue of $123.3M vs $101.4M a year ago, up 21.6%.
- Gross margin improved to 37.6% from 33.2%; non-GAAP adjusted gross margin 37.7%.
- GAAP net loss was $1.5M vs net profit of $13.2M in Q3 2024; non-GAAP adjusted net profit $11.9M.
- Non-GAAP adjusted EBITDA of positive $21.9M vs positive $28.6M in Q3 2024.
- Maintains FY 2025 revenue guidance of $450M-$475M; updates gross margin outlook to 32%-35%.