---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-051130"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:30:41.558014+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Microvast Q3 revenue record $123.3M (+21.6% YoY); GAAP net loss $1.5M, but adjusted EBITDA +$21.9M

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-25-051130
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000162828025051130/0001628280-25-051130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000162828025051130/mvst-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-051130
- JSON: https://secwatch.observer/filing/0001628280-25-051130.json
- Plain text: https://secwatch.observer/filing/0001628280-25-051130.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.