Shares of Microvast Holdings, Inc. (MVST) tumbled 5.28% in after-hours trading on Monday following the release of the company's second quarter 2025 financial results. The significant drop came despite some positive metrics, as investors appeared to focus on the substantial net loss reported by the electric vehicle battery manufacturer.

Microvast reported Q2 revenue of $91.3 million and an adjusted net income of $16.3 million. However, the company's bottom line showed a net loss of $106.1 million, which likely spooked investors. Other key figures included an adjusted EBITDA of $25.9 million and operating expenses of $16.5 million. Despite the mixed results, Microvast maintained its full-year revenue guidance of $450 million to $475 million.

The stark contrast between the adjusted net income and the reported net loss may have raised concerns among investors about the company's financial health. Additionally, the decision to maintain rather than raise the revenue guidance could have disappointed some market participants who were expecting more optimistic projections. These factors, combined with the overall market sentiment towards growth stocks in the electric vehicle sector, likely contributed to the after-hours sell-off in Microvast's stock.