Microvast Q1 revenue down 48% to $60.6M; non-GAAP net loss of $14.6M

Microvast Holdings, Inc.

2026-Q1 EPS reported -$0.04 revenue$60,612,000

Revenue $60.6M, down 48% YoY from $116.5M; net profit $48.2M ($0.15 EPS) vs $61.8M ($0.19).
Non-GAAP adjusted net loss $14.6M ($0.04 loss per share) vs profit of $19.3M last year; adjusted EBITDA -$5.5M.
Gross margin 31.6% (down from 36.9%) due to lower production utilization; non-GAAP adjusted margin 31.7%.
Cash and equivalents $174.0M as of March 31, 2026, up from $169.2M at year-end 2025.
Guidance: targeting Huzhou Phase 3.2 serial production in 2026 (up to 2 GWh) and Clarksville pack assembly by year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Microvast Holdings, Inc. reported the first quarter ended March 31, 2026 results: revenue $60.6 million, net income Net profit of $48.2 million, EPS Net profit per share of $0.15.

Period: the first quarter ended March 31, 2026
Revenue: $60.6 million
Net income: Net profit of $48.2 million
EPS: Net profit per share of $0.15
Result: reported results

Exact text from the filing

(“Q1 2026”). "Our first quarter results reflect a period of strategic agility as we navigate evolving geopolitical dynamics and a shifting global landscape. While revenue of $60.6 million was impacted by delivery timing and regional headwinds in APAC, our resilient gross margin of 31.6% underscores the value of our technology and our ability to maintain strong

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Source: SEC EDGAR

accession 0001628280-26-033601

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