MVST
Microvast Holdings, Inc.
MVST lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to fall sharply.
MVST Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Weak |
MVST's revenue, profitability, cash flow and balance sheet are all currently weak.
MVST PE Valuation
MVST has no meaningful PE right now: it lost money over the past year.
MVST Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect MVST's earnings and revenue to decline, with profitability weakening.
MVST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.07 | — |
| Q3 2026 | -$0.22 | +$0.30 |
| Q2 2026 | -$0.02 | +$0.47 |
| Q1 2026 | -$0.32 | +$0.16 |
| Q4 2025 | -$0.23 | +$0.38 |
| Q3 2025 | -$0.52 | -$0.07 |
| Q2 2025 | -$0.49 | +$0.07 |
| Q1 2025 | -$0.48 | -$0.16 |
| Q4 2024 | -$0.61 | -$0.27 |
MVST is still losing money, but far less than before: $0.22 per share over the past year, against $0.61 at its worst in late 2024.
MVST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $45.8M | -63% |
| Q2 2026 | $87.3M | -4.5% |
| Q1 2026 | $60.6M | -48% |
| Q4 2025 | $96.4M | -15% |
| Q3 2025 | $123.3M | +22% |
| Q2 2025 | $91.3M | +9.2% |
| Q1 2025 | $116.5M | +43% |
| Q4 2024 | $113.4M | +8.4% |
MVST's revenue has slid since its 2025 peak: $46M last quarter, down 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -146% | -156 points |
| Q2 2026 | -2% | -20 points |
| Q1 2026 | -13% | -29 points |
| Q4 2025 | -43% | -41 points |
| Q3 2025 | 11% | +3.4 points |
| Q2 2025 | 18% | +136 points |
| Q1 2025 | 16% | +45 points |
| Q4 2024 | -1.3% | +20 points |
MVST's operating margin was −146% last quarter, down 156 points from the same quarter a year ago, near the bottom of its range since 2021.
MVST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$34.5M | -3023% |
| Q2 2026 | -$21.8M | -164% |
| Q1 2026 | -$25.7M | -632% |
| Q4 2025 | $15.8M | +175% |
| Q3 2025 | $1.2M | +$20.8M |
| Q2 2025 | $34.3M | +$37.1M |
| Q1 2025 | $4.8M | +$13M |
| Q4 2024 | $5.7M | +$43.9M |
MVST has burned cash in most quarters: −$66M over the past year, against $46M the year before.
MVST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +10% | +35.6M shares |
| 1 year | +19% | +60.8M shares |
| 3 years | +23% | +71.4M shares |
| 5 years | +1294% | +357M shares |
| Available history | +4751% | +377M shares |
MVST has 385M diluted shares, up 19% from a year ago.
MVST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 5.2x | High |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.2x | Very low |
MVST's net debt is about 5.2 years of its operating earnings (EBITDA).
MVST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.3 | Oversold |
| Stochastic | 17.0 | Oversold |
MVST's weekly RSI is 27 (oversold) and its Stochastic is 17 (oversold).
MVST PE vs Industrials Sector
MVST has no meaningful PE right now: it lost money over the past year.
MVST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.55 | 58% below |
| 20 week MA | $0.71 | 68% below |
| 50 week MA | $1.58 | 85% below |
| 100 week MA | $2.27 | 90% below |
| 200 week MA | $1.67 | 86% below |
MVST is in a downtrend: it's below all five of its weekly moving averages, and 86% below its 200-week average.
MVST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.93 | $18.2 | +84% |
| 2021 | $18.2 | $6.29 | -66% |
| 2022 | $6.29 | $1.56 | -75% |
| 2023 | $1.56 | $1.40 | -10% |
| 2024 | $1.40 | $2.45 | +75% |
| 2025 | $2.45 | $2.91 | +19% |
| 2026 YTD | $2.91 | $0.23 | -92% |
MVST has finished lower in three of the last six years. It's down 92% so far in 2026.