earnings
confidence high
sentiment positive
materiality 0.85
Microvast Q1 revenue record $116.5M (+43% YoY); swings to GAAP net profit $61.8M
Microvast Holdings, Inc.
2025-Q1 EPS reported
$0.05
revenue$116,491,000
- Revenue $116.5M, up 43.2% YoY; gross margin 36.9% vs 21.2% (15.7pp improvement).
- GAAP net profit $61.8M vs loss $24.8M; adjusted net profit $19.3M vs adjusted loss $13.0M.
- Adjusted EBITDA positive $28.5M vs negative $3.7M in Q1 2024.
- Cash increased to $123.0M from $86.7M a year ago; capex $6.6M vs $10.2M.
- FY2025 revenue guidance $450M-$475M (18-25% growth); targeting 30% gross margin.