Microvast Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
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.
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Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues | $60,612 | $116,491 |
| Cost of revenues | (41,456) | (73,475) |
| Gross profit | 19,156 | 43,016 |
| Operating expenses: | ||
| General and administrative expenses | (12,941) | (14,120) |
| Research and development expenses | (8,810) | (8,248) |
| Selling and marketing expenses | (5,342) | (6,799) |
| Total operating expenses | (27,093) | (29,167) |
| Subsidy income | 3 | 1,416 |
| (Loss) profit from operations | (7,934) | 15,265 |
| Other income and expenses: | ||
| Interest income | 382 | 177 |
| Interest expense | (1,227) | (1,188) |
| Changes in fair value of warrant liability and convertible loan | 63,838 | 43,160 |
| Foreign exchange (loss) gain | (6,900) | 3,667 |
| Other income, net | 52 | 709 |
| Net profit | $48,211 | $61,790 |
| Net profit per share - Basic | $0.15 | $0.19 |
| Net (loss) profit per share - Diluted | $(0.04) | $0.05 |
| Weighted average shares outstanding - Basic | 332,360 | 323,431 |
| Weighted average shares outstanding - Diluted | 385,272 | 374,425 |
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