Microvast Holdings, Inc.
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 11, 2025
MVST$0.22-64.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $91,339 | $83,675 | $207,830 | $165,026 |
| Cost of revenues | (59,616) | (56,480) | (133,091) | (120,606) |
| Gross profit | 31,723 | 27,195 | 74,739 | 44,420 |
| Operating expenses: | ||||
| General and administrative expenses | (3,997) | (23,511) | (14,450) | (47,305) |
| Research and development expenses | (7,719) | (10,107) | (15,967) | (21,599) |
| Selling and marketing expenses | (3,424) | (5,026) | (10,223) | (10,617) |
| Impairment loss of long-lived assets | (1,364) | (88,027) | (1,364) | (88,027) |
| Total operating expenses | (16,504) | (126,671) | (42,004) | (167,548) |
| Subsidy income | 995 | 735 | 2,411 | 1,269 |
| Profit/(loss) from operations | 16,214 | (98,741) | 35,146 | (121,859) |
| Other income and expenses: | ||||
| Interest income | 198 | 246 | 375 | 365 |
| Interest expense | (1,252) | (2,094) | (2,440) | (3,826) |
| Changes in fair value of warrant liability and convertible loan | (121,521) | (1,568) | (78,361) | (1,526) |
| Gain on debt restructuring | 403 | 448 | 792 | 448 |
| Other income, net | 120 | 153 | 440 | 17 |
| Loss before provision for income taxes | (105,838) | (101,556) | (44,048) | (126,381) |
| Income tax expense | (220) | — | (220) | — |
| Net loss | $(106,058) | $(101,556) | $(44,268) | $(126,381) |
| Net loss attributable to Microvast Holdings, Inc.'s stockholders | $(106,058) | $(101,556) | $(44,268) | $(126,381) |
| Net loss per common share | ||||
| Basic and diluted | $(0.33) | $(0.32) | $(0.14) | $(0.40) |
| Weighted average shares used in calculating net loss per share of common stock | ||||
| Basic and diluted | 323,643,200 | 315,509,552 | 323,537,551 | 315,438,336 |
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