Microvast Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 11, 2026
MVST$0.62-1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $126,129 | $104,963 |
| Restricted cash | 47,865 | 64,275 |
| Accounts receivable (net of allowance for credit losses of $4,028 and $4,693 as of March 31, 2026 and December 31, 2025, respectively) | 123,592 | 155,763 |
| Notes receivable | 5,511 | 5,590 |
| Inventories, net | 95,037 | 89,411 |
| Prepaid expenses and other current assets | 16,189 | 17,221 |
| Assets held for sale | 11,500 | 11,500 |
| Total Current Assets | 425,823 | 448,723 |
| Property, plant and equipment, net | 510,050 | 508,057 |
| Land use rights, net | 11,654 | 11,570 |
| Acquired intangible assets, net | 2,077 | 2,183 |
| Operating lease right-of-use assets | 16,769 | 17,336 |
| Deferred tax assets | 5,429 | 5,429 |
| Other non-current assets | 15,694 | 12,150 |
| Total Assets | $987,496 | $1,005,448 |
| Liabilities | ||
| Accounts payable | $46,370 | $47,003 |
| Notes payable | 52,263 | 78,321 |
| Accrued expenses and other current liabilities | 109,472 | 123,429 |
| Advance from customers | 6,663 | 5,605 |
| Amounts due to related parties | 17 | 2 |
| Convertible loan measured at fair value | 76,456 | 140,929 |
| Short-term bank borrowings | 111,152 | 93,052 |
| Bonds payable | 41,693 | — |
| Total Current Liabilities | 444,086 | 488,341 |
| Long-term bonds payable | — | 41,693 |
| Long-term bank borrowings | 27,617 | 13,227 |
| Operating lease liabilities | 13,984 | 14,476 |
| Other non-current liabilities | 35,703 | 37,198 |
| Total Liabilities | $521,390 | $594,935 |
| Commitments and contingencies (Note 16) | ||
CONSOLIDATED BALANCE SHEETS
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Stockholders’ Equity | ||
| Common Stock ($0.0001 par value, 750,000 shares authorized; 334,845 and 333,474 shares issued, and 333,157 and 331,786 shares outstanding as of March 31, 2026 and December 31, 2025) | $34 | $34 |
| Preferred Stock ($0.0001 par value, 50,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025) | — | — |
| Additional paid-in capital | 1,544,805 | 1,543,797 |
| Statutory reserves | 6,032 | 6,032 |
| Accumulated deficit | (1,073,965) | (1,122,176) |
| Accumulated other comprehensive loss | (10,800) | (17,174) |
| Total Equity | $466,106 | $410,513 |
| Total Liabilities and Equity | $987,496 | $1,005,448 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.