Microvast Holdings Inc
NASDAQ:MVST
Income Statement
Earnings Waterfall
Microvast Holdings Inc
Income Statement
Microvast Holdings Inc
| Dec-2020 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||
| Interest Expense |
6
|
4
|
4
|
5
|
4
|
4
|
3
|
3
|
3
|
3
|
2
|
3
|
4
|
6
|
9
|
10
|
9
|
8
|
5
|
|
| Revenue |
108
N/A
|
112
+4%
|
118
+5%
|
152
+28%
|
174
+14%
|
205
+18%
|
206
+1%
|
205
-1%
|
215
+5%
|
225
+5%
|
267
+18%
|
307
+15%
|
341
+11%
|
350
+3%
|
371
+6%
|
380
+2%
|
415
+9%
|
423
+2%
|
445
+5%
|
|
| Gross Profit | ||||||||||||||||||||
| Cost of Revenue |
(90)
|
(107)
|
(152)
|
(195)
|
(215)
|
(235)
|
(198)
|
(195)
|
(201)
|
(205)
|
(230)
|
(249)
|
(271)
|
(264)
|
(270)
|
(260)
|
(269)
|
(273)
|
(282)
|
|
| Gross Profit |
17
N/A
|
6
-67%
|
(34)
N/A
|
(43)
-26%
|
(42)
+3%
|
(30)
+28%
|
8
N/A
|
9
+14%
|
14
+53%
|
21
+48%
|
36
+77%
|
57
+57%
|
70
+22%
|
85
+23%
|
101
+18%
|
120
+18%
|
145
+22%
|
150
+3%
|
163
+9%
|
|
| Operating Income | ||||||||||||||||||||
| Operating Expenses |
(49)
|
(43)
|
(108)
|
(155)
|
(189)
|
(224)
|
(186)
|
(171)
|
(164)
|
(152)
|
(157)
|
(166)
|
(171)
|
(171)
|
(153)
|
(145)
|
(130)
|
(106)
|
(112)
|
|
| Selling, General & Administrative |
(33)
|
(29)
|
(85)
|
(121)
|
(147)
|
(178)
|
(141)
|
(127)
|
(120)
|
(110)
|
(113)
|
(121)
|
(125)
|
(124)
|
(110)
|
(104)
|
(93)
|
(71)
|
(80)
|
|
| Research & Development |
(17)
|
(15)
|
(24)
|
(34)
|
(42)
|
(46)
|
(44)
|
(44)
|
(43)
|
(42)
|
(44)
|
(45)
|
(46)
|
(46)
|
(44)
|
(41)
|
(38)
|
(35)
|
(32)
|
|
| Operating Income |
(32)
N/A
|
(38)
-17%
|
(142)
-279%
|
(198)
-39%
|
(231)
-17%
|
(254)
-10%
|
(178)
+30%
|
(162)
+9%
|
(150)
+7%
|
(132)
+12%
|
(121)
+8%
|
(109)
+10%
|
(101)
+7%
|
(84)
+16%
|
(52)
+39%
|
(26)
+50%
|
16
N/A
|
44
+172%
|
50
+16%
|
|
| Pre-Tax Income | ||||||||||||||||||||
| Interest Income Expense |
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
1
|
1
|
1
|
3
|
3
|
3
|
1
|
(2)
|
(4)
|
(9)
|
(9)
|
(8)
|
(8)
|
(4)
|
|
| Non-Reccuring Items |
3
|
2
|
3
|
4
|
4
|
5
|
5
|
2
|
2
|
2
|
2
|
2
|
2
|
(85)
|
(85)
|
(81)
|
(103)
|
(16)
|
(17)
|
|
| Total Other Income |
1
|
(3)
|
(6)
|
(10)
|
(6)
|
(3)
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(2)
|
(3)
|
7
|
(80)
|
(37)
|
(157)
|
(180)
|
|
| Pre-Tax Income |
(34)
N/A
|
(42)
-25%
|
(148)
-253%
|
(207)
-40%
|
(234)
-13%
|
(251)
-7%
|
(171)
+32%
|
(158)
+8%
|
(144)
+9%
|
(126)
+13%
|
(115)
+8%
|
(106)
+8%
|
(102)
+4%
|
(178)
-75%
|
(138)
+22%
|
(195)
-41%
|
(133)
+32%
|
(136)
-3%
|
(150)
-10%
|
|
| Net Income | ||||||||||||||||||||
| Tax Provision |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
|
| Income from Continuing Operations |
(34)
|
(42)
|
(148)
|
(207)
|
(234)
|
(251)
|
(171)
|
(158)
|
(144)
|
(126)
|
(116)
|
(106)
|
(102)
|
(178)
|
(138)
|
(195)
|
(133)
|
(137)
|
(151)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(81)
N/A
|
(78)
+4%
|
(176)
-127%
|
(234)
-33%
|
(250)
-7%
|
(255)
-2%
|
(171)
+33%
|
(158)
+8%
|
(144)
+9%
|
(126)
+13%
|
(116)
+8%
|
(106)
+8%
|
(102)
+4%
|
(177)
-75%
|
(138)
+22%
|
(195)
-41%
|
(133)
+32%
|
(137)
-3%
|
(151)
-11%
|
|
| EPS (Diluted) |
-0.27
N/A
|
-0.25
+7%
|
-0.58
-132%
|
-0.78
-34%
|
-0.84
-8%
|
-0.86
-2%
|
-0.55
+36%
|
-0.52
+5%
|
-0.48
+8%
|
-0.41
+15%
|
-0.37
+10%
|
-0.34
+8%
|
-0.32
+6%
|
-0.56
-75%
|
-0.37
+34%
|
-0.61
-65%
|
-0.35
+43%
|
-0.42
-20%
|
-0.46
-10%
|
|