Credit and interest ratesnegative · 4 filings
“The increase was primarily due to a $23.5 million increase in proceeds from bank borrowings and partially offset by a $7.7 million increase in repayments of bank borrowings.”10-Q · May 11, 2026 ↗
Microvast Holdings, Inc.
MVST
Market read
Microvast Holdings, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Company-1.0% todayVolume comparison unavailable
Market group0 of 10 activeElectric Vehicle Components · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- MVST's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if MVST's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- MVST's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods7
Price observations319
Usable filing statements86
Verified relationships4
Evidence supporting the case
- Latest annual revenue changed +12.6% year over year.
- Operating margin changed +32.2 percentage points in the latest annual period.
- Net margin changed +44.6 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Foreign exchange has repeated adverse evidence across 3 filings.
Questions before a position
- EV/sales is 99% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
0.626m-72.3%12m-76.7%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$152.0M+41.3%$-1.26—
2022-12-31$204.5M+34.6%$-0.52—
2023-12-31$306.6M+49.9%$-0.34+2.5%
2024-12-31$379.8M+23.9%$-0.61+2.4%
2025-12-31$427.5M+12.6%$-0.09+2.0%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 4 filings
“Our orders from customers are generally placed pursuant to non-exclusive purchase orders or framework supply agreements that are subject to adjustment, cancellation, deferral, or suspension by our customers, and our customers are 28 Table of Contents generall…”10-Q · May 11, 2026 ↗
Input and raw-material costspositive · 4 filings
“Our gross margin profile remains subject to external pressures, including inflationary trends in raw material pricing and elevated logistics and freight expenses resulting from ongoing global supply chain disruptions and geopolitical conflicts.”10-Q · May 11, 2026 ↗
Foreign exchangenegative · 3 filings
“The foreign exchange loss for the three months ended March 31, 2026 was primarily due to unfavorable changes in the U.S.”10-Q · May 11, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.5× · EV/sales 0.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
0.62-1.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MVST. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MVST. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MVST
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
GMGeneral Motors CompanypartnerMar 16, 2026 ▾
“In October 2022, we were notified by the DOE that we had been selected, in collaboration with General Motors, to receive $200 million in grant funding as part of the DOE's Battery Materials Processing and Battery Manufacturing initiative pursuant to the Infra…”
FFord Motor CompanycompetitorMar 16, 2026 ▾
“In addition, vehicle manufacturers, such as GM, Ford, Rivian, and Tesla have entered the markets for our products and may become our competitors, either directly or through joint venture arrangements with major lithium-based battery manufacturers.”
RIVNRivian Automotive, Inc.competitorMar 16, 2026 ▾
“In addition, vehicle manufacturers, such as GM, Ford, Rivian, and Tesla have entered the markets for our products and may become our competitors, either directly or through joint venture arrangements with major lithium-based battery manufacturers.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MVST is currently a Follower in the organic co-movement group Electric Vehicle Components. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for MVST; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.