<div><div></div><div>Microvast reported record full-year revenue of $427.5 million for fiscal 2025, a 12.6% increase year-over-year, and a GAAP net loss of $29.2 million while reporting a non-GAAP adjusted net profit of $13.0 million. Gross margin for the year was 28.6% (impacted by a $32.5 million inventory impairment) and non-GAAP adjusted EBITDA was positive $44.7 million. The company ended 2025 with $169.2 million in cash, cash equivalents and restricted cash and is focused on ramping Huzhou Phase 3.2 production in 2026. Financial Highlights <ul><li>Revenue (FY 2025): $427.5 million, up 12.6% from $379.8 million in 2024.</li><li>Gross profit (GAAP, FY 2025): $122.1 million; gross margin 28.6% (includes $32.5 million energy storage system inventory impairment).</li><li>Operating expenses (FY 2025): $118.3 million; non-GAAP adjusted operating expenses: $115.4 million.</li><li>Net loss (GAAP, FY 2025): $(29.2) million; Non‑GAAP adjusted net profit: $13.0 million.</li><li>Non-GAAP adjusted EBITDA (FY 2025): $44.7 million; cash, cash equivalents and restricted cash at year-end: $169.2 million.</li></ul> Business Highlights <ul><li>Recorded annual revenue growth driven by continued demand for Microvast battery technologies, with 2025 marking a company revenue record.</li><li>Experienced near-term headwinds in Q4 2025 from evolving regulatory shifts in South Korea and customer platform ramp delays in EMEA, which reduced Q4 revenue to $96.4 million.</li><li>Investing in capacity expansion: Huzhou Phase 3.2 expansion underway, expected to achieve serial production during 2026 following ramp-up.</li><li>Progress on U.S. operations: targeting pack line operations in Clarksville by year-end to serve U.S. commercial vehicle customers.</li><li>Strategic focus on high-barrier-to-entry segments (heavy industrials and transit) and expanding customer pipeline across EMEA, North America and APAC.</li></ul>Original SEC Filing: Microvast Holdings, Inc. [ MVST ] - 8-K - Mar. 16, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

ACES

ROBO

GRID

CTEC

HAIL

MVSTW

MVST

UPGR

Microvast reported a record revenue of $427.5 million for fiscal 2025, a 12.6% increase from 2024, despite a GAAP net loss of $29.2 million. The company achieved a non-GAAP adjusted profit of $13.0 million and a positive EBITDA of $44.7 million. Gross margin stood at 28.6%, affected by a $32.5 million inventory impairment. The company is focusing on expanding production capacity and targeting U.S. operations while navigating regulatory challenges in South Korea and delays in EMEA.

TradingView

ALPS Clean Energy ETF

ROBO Global Robotics

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Global X CleanTech ETF

SPDR S&P Kensho Smart Mobility ETF

Microvast Holdings - CW26

Microvast

Xtrackers US Green Infrastructure Select Equity ETF

Microvast Reports Record $427.5M 2025 Revenue; FY Net Loss $29.2M, Non-GAAP Profit $13.0M