Microvast Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $45,805 | $123,287 | $193,679 | $331,117 |
| Cost of revenues | (34,092) | (72,151) | (135,311) | (205,242) |
| Write-down for obsolete inventories | (9,346) | (4,724) | (11,067) | (4,724) |
| Gross profit | 2,367 | 46,412 | 47,301 | 121,151 |
| Operating expenses: | ||||
| General and administrative expenses | (20,371) | (17,760) | (47,198) | (43,064) |
| Research and development expenses | (8,362) | (7,757) | (26,032) | (23,724) |
| Selling and marketing expenses | (4,569) | (6,006) | (14,654) | (16,229) |
| Impairment loss of long-lived assets | (35,741) | (36) | (35,765) | (1,400) |
| Total operating expenses | (69,043) | (31,559) | (123,649) | (84,417) |
| Subsidy income | 9 | 44 | 27 | 2,455 |
| (Loss) profit from operations | (66,667) | 14,897 | (76,321) | 39,189 |
| Other income and expenses: | ||||
| Interest income | 364 | 236 | 1,479 | 611 |
| Interest expense | (1,358) | (1,255) | (3,913) | (3,695) |
| Changes in fair value of warrant liability and convertible loan | — | (12,641) | 58,001 | (91,002) |
| Foreign exchange (loss) gain | (3,772) | (1,903) | (15,377) | 8,951 |
| Other income (expense), net | 62 | (84) | 983 | 1,148 |
| Loss before provision for income taxes | (71,371) | (750) | (35,148) | (44,798) |
| Income tax expense | (5,429) | (739) | (5,429) | (959) |
| Net loss | $(76,800) | $(1,489) | $(40,577) | $(45,757) |
| Net loss per share - Basic and diluted | $(0.20) | $— | $(0.11) | $(0.14) |
| Weighted average shares outstanding - Basic and diluted | 384,537 | 323,756 | 355,649 | 323,611 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.