---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-018235"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T11:52:46.810250+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Microvast FY2025 revenue record $427.5M (+12.6% YoY); Q4 revenue down 15% with 1% gross margin on inventory charge

## Summary
- Full year net loss improved to $29.2M from $195.5M; non-GAAP adjusted net profit of $13.0M.
- Q4 revenue $96.4M (-15% YoY) with gross margin 1.0% due to $32.5M inventory impairment for ESS components.
- Cash, equivalents, restricted cash $169.2M at Dec 31, 2025, up from $109.6M.
- 2026 outlook: expect continued revenue growth; Huzhou Phase 3.2 serial production in 2026; Clarksville pack line by year-end.

## SEC filing metadata
- accession: 0001628280-26-018235
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000162828026018235/0001628280-26-018235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000162828026018235/mvst-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-018235
- JSON: https://secwatch.observer/filing/0001628280-26-018235.json
- Plain text: https://secwatch.observer/filing/0001628280-26-018235.txt

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