---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-25-000015"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:04:11.859830+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Microvast Q1 revenue record $116.5M (+43% YoY); swings to GAAP net profit $61.8M

## Summary
- 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.

## SEC filing metadata
- accession: 0001760689-25-000015
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068925000015/0001760689-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068925000015/mvst-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-25-000015
- JSON: https://secwatch.observer/filing/0001760689-25-000015.json
- Plain text: https://secwatch.observer/filing/0001760689-25-000015.txt

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