---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-033601"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2026-05-11T20:38:58+00:00"
generated_at: "2026-05-11T20:42:05.114068+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-033601
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2026-05-11T20:38:58+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000162828026033601/0001628280-26-033601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000162828026033601/mvst-20260511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-033601
- JSON: https://secwatch.observer/filing/0001628280-26-033601.json
- Plain text: https://secwatch.observer/filing/0001628280-26-033601.txt

## Key facts
- Earnings Releases
  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
  source text: (“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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000162828026033601/0001628280-26-033601-index.htm

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