# MICROVAST HOLDINGS, INC. (MVST) · Edgar & Edgarette company card

> Microvast Holdings (MVST) grew revenue 12.6% in FY2025 to $428 million, operating margin 1.6% against a -7.6% median for miscellaneous electrical machinery, equipment & supplies, equity 40.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1760689 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MVST) · [JSON](https://www.pops4.com/boards/company/MVST.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $428M |
| Revenue growth, 1 year | 12.6% |
| Revenue growth per year | 29.5% |
| Operating margin | 1.6% (prior year -30.6%) |
| Net margin | -6.8% |
| Operating cash flow | $76M |
| Capital spending | $20M |
| Free cash flow | $56M |
| Cash | $105M |
| Long-term debt | $13M |
| Total assets | $1.0B |
| Total equity | $411M |
| Equity ÷ assets | 40.8% |
| Return on equity | -7.1% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -3.13 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $427.5M (FY2025), total debt $13.2M. Experience: revenue up 12.6% on the year, up 29.5% a year over 4 years; operating margin 1.6%, up from -30.6%. Soundness: equity 40.8% of assets, return on equity -7.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $419.2M and $606.1M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $381.9M to $667.9M. A statistical range, not company guidance. Against peers (15 filers, $50M+ revenue, miscellaneous electrical machinery, equipment & supplies): operating margin 1.6% against a -7.6% median; growth 12.6% against 6.9%.

Range logged 2026-10-12, receipt 8fea8f2c6dfd939f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-08-31 ([filing](https://www.sec.gov/Archives/edgar/data/1760689/000094787126000854/0000947871-26-000854-index.htm))
- Item 5.02 Director or officer change: 3, latest 2026-08-07 ([filing](https://www.sec.gov/Archives/edgar/data/1760689/000094787126000756/0000947871-26-000756-index.htm))

## Recent filings

- DEF 14A · filed 2026-10-09 · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000110465926115103/0001104659-26-115103-index.htm)
- 8-K · filed 2026-08-31 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000094787126000854/0000947871-26-000854-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000162828026055471/0001628280-26-055471-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000162828026055372/0001628280-26-055372-index.htm)
- 8-K · filed 2026-08-07 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000094787126000756/0000947871-26-000756-index.htm)
- 8-K · filed 2026-05-28 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1760689/000094787126000585/0000947871-26-000585-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001760689.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1760689

## Cite

POPS4, Edgar & Edgarette: MICROVAST HOLDINGS, INC. (MVST) company card, from the company's own SEC filings, accessed 2026-11-03, https://www.pops4.com/boards/company/MVST. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.