Microvast Holdings Inc

For the period ended Mar 31, 2025. Filed May 12, 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.

Mar 31, 2025 · Filed May 12, 2025

MVST$0.22-64.3%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

	Three Months EndedMarch 31,
	2025	2024
Revenues	$116,491	$81,351
Cost of revenues	(73,475)	(64,126)
Gross profit	43,016	17,225
Operating expenses:
General and administrative expenses	(10,453)	(23,794)
Research and development expenses	(8,248)	(11,492)
Selling and marketing expenses	(6,799)	(5,591)
Total operating expenses	(25,500)	(40,877)
Subsidy income	1,416	534
Profit/(loss) from operations	18,932	(23,118)
Other income and expenses:
Interest income	177	119
Interest expense	(1,188)	(1,732)
Changes in fair value of warrant liability and convertible loan	43,160	42
Gain on debt restructuring	389	—
Other income/(expense), net	320	(136)
Profit/(loss) before provision for income taxes	61,790	(24,825)
Income tax expense	—	—
Net profit/(loss)	$61,790	$(24,825)
Less: net profit/(loss) attributable to noncontrolling interests	—	—
Net profit/(loss) attributable to Microvast Holdings, Inc.'s stockholders	$61,790	$(24,825)
Net profit/(loss) per common share
Basic	$0.19	$(0.08)
Diluted	$0.05	$(0.08)
Weighted average shares used in calculating net profit/(loss) per share of common stock
Basic	323,430,721	315,367,121
Diluted	374,425,026	315,367,121

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.