MVSTW
Income statement / Annual
Last year (2023), Microvast Holdings, Inc.'s total revenue was $306.62 M,
an increase of 49.94% from the previous year.
In 2023, Microvast Holdings, Inc.'s net income was -$106.34 M.
See Microvast Holdings, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$306.62 M
|
$204.50 M
|
$151.98 M
|
$107.52 M
|
$76.43 M
|
$174.24 M
|
| Cost of Revenue |
$249.39 M |
$195.42 M |
$194.72 M |
$90.38 M |
$76.67 M |
$153.39 M |
| Gross Profit |
$57.23 M |
$9.07 M |
-$42.74 M |
$17.14 M |
-$231,000.00 |
$20.85 M |
| Gross Profit Ratio |
0.19 |
0.04 |
-0.28 |
0.16 |
-0 |
0.12 |
| Research and Development
Expenses |
$45.00 M
|
$43.51 M
|
$34.39 M
|
$16.64 M
|
$26.00 M
|
$32.45 M
|
| General & Administrative
Expenses |
$97.29 M
|
$104.57 M
|
$101.63 M
|
$18.85 M
|
$15.17 M
|
$32.99 M
|
| Selling & Marketing
Expenses |
$23.61 M
|
$22.61 M
|
$21.43 M
|
$13.76 M
|
$15.71 M
|
$13.40 M
|
| Selling, General &
Administrative Expenses |
$120.91 M
|
$127.18 M
|
$123.06 M
|
$32.61 M
|
$30.88 M
|
$46.39 M
|
| Other Expenses |
$0.00 |
-$1.67 M |
-$6.13 M |
-$3.00 M |
-$3.24 M |
$0.00 |
| Operating Expenses |
$165.91 M |
$169.02 M |
$151.32 M |
$46.25 M |
$53.63 M |
$73.14 M |
| Cost And Expenses |
$415.30 M |
$364.44 M |
$346.04 M |
$136.63 M |
$130.30 M |
$226.53 M |
| Interest Income |
$981,000.00 |
$3.18 M |
$446,000.00 |
$571,000.00 |
$884,000.00 |
$0.00 |
| Interest Expense |
$0.00 |
$3.32 M |
$5.41 M |
$5.74 M |
$6.35 M |
$0.00 |
| Depreciation &
Amortization |
$22.93 M
|
$22.58 M
|
$20.71 M
|
$16.79 M
|
$15.39 M
|
$12.75 M
|
| EBITDA |
-$80.85 M
|
-$132.27 M
|
-$180.36 M
|
-$11.09 M
|
-$38.81 M
|
-$45.24 M
|
| EBITDA Ratio |
-0.26 |
-0.66 |
-1.2 |
-0.1 |
-0.49 |
-0.26 |
| Operating Income Ratio
|
-0.35
|
-0.78
|
-1.28
|
-0.27
|
-0.7
|
-0.33
|
| Total Other
Income/Expenses Net |
$2.28 M
|
$1.78 M
|
-$12.42 M
|
-$1.52 M
|
-$5.28 M
|
$3.72 M
|
| Income Before Tax |
-$106.40 M |
-$158.17 M |
-$206.48 M |
-$33.62 M |
-$59.47 M |
-$54.27 M |
| Income Before Tax Ratio
|
-0.35
|
-0.77
|
-1.36
|
-0.31
|
-0.78
|
-0.31
|
| Income Tax Expense |
$10,000.00 |
$33,000.00 |
$5.01 M |
$1,000.00 |
$189,000.00 |
$6.43 M |
| Net Income |
-$106.34 M |
-$158.20 M |
-$211.49 M |
-$33.63 M |
-$59.66 M |
-$100.03 M |
| Net Income Ratio |
-0.35 |
-0.77 |
-1.39 |
-0.31 |
-0.78 |
-0.57 |
| EPS |
-0.34 |
-0.52 |
-1.14 |
-0.34 |
-1.7 |
-161.9 |
| EPS Diluted |
-0.34 |
-0.52 |
-1.14 |
-0.34 |
-1.7 |
-161.9 |
| Weighted Average Shares
Out |
$310.91 M
|
$303.28 M
|
$185.90 M
|
$99.03 M
|
$35.05 M
|
$617,880.00
|
| Weighted Average Shares
Out Diluted |
$310.91 M
|
$303.28 M
|
$185.90 M
|
$99.03 M
|
$35.05 M
|
$617,880.00
|
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