Microvast Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 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 Statements of Operations
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $87,262 | $91,339 | $147,874 | $207,830 |
| Cost of revenues | (61,484) | (59,616) | (102,940) | (133,091) |
| Gross profit | 25,778 | 31,723 | 44,934 | 74,739 |
| Operating expenses: | ||||
| General and administrative expenses | (13,886) | (11,184) | (26,827) | (25,304) |
| Research and development expenses | (8,860) | (7,719) | (17,670) | (15,967) |
| Selling and marketing expenses | (4,743) | (3,424) | (10,085) | (10,223) |
| Impairment loss of long-lived assets | (24) | (1,364) | (24) | (1,364) |
| Total operating expenses | (27,513) | (23,691) | (54,606) | (52,858) |
| Subsidy income | 15 | 995 | 18 | 2,411 |
| (Loss) profit from operations | (1,720) | 9,027 | (9,654) | 24,292 |
| Other income and expenses: | ||||
| Interest income | 733 | 198 | 1,115 | 375 |
| Interest expense | (1,328) | (1,252) | (2,555) | (2,440) |
| Changes in fair value of warrant liability and convertible loan | (5,837) | (121,521) | 58,001 | (78,361) |
| Foreign exchange (loss) gain | (4,705) | 7,187 | (11,605) | 10,854 |
| Other income, net | 869 | 523 | 921 | 1,232 |
| (Loss) profit before provision for income taxes | (11,988) | (105,838) | 36,223 | (44,048) |
| Income tax expense | — | (220) | — | (220) |
| Net (loss) profit | $(11,988) | $(106,058) | $36,223 | $(44,268) |
| Net (loss) profit per share - Basic | $(0.03) | $(0.33) | $0.11 | $(0.14) |
| Net loss per share - Diluted | $(0.03) | $(0.33) | $(0.06) | $(0.14) |
| Weighted average shares outstanding - Basic | 348,949 | 323,643 | 340,726 | 323,538 |
| Weighted average shares outstanding - Diluted | 348,949 | 323,643 | 382,948 | 323,538 |
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