Microvast Holdings, Inc. (MVST) saw its stock surge 7.53% in Monday's trading session following the release of its impressive first-quarter 2025 financial results. The company, a global leader in advanced battery technologies, reported record Q1 revenue and a significant turnaround in profitability, exceeding market expectations.

For the first quarter of 2025, Microvast reported record revenue of $116.5 million, marking a substantial 43.2% increase compared to the same period last year. The company's gross margin saw a remarkable improvement, rising from 21.2% in Q1 2024 to 36.9% in Q1 2025. Notably, Microvast achieved a net profit of $61.8 million, a significant turnaround from a net loss of $24.8 million in the previous year. The earnings per share for Q1 2025 stood at $0.19, compared to a loss of $0.08 per share in Q1 2024.

Adding to investor optimism, Microvast maintained its positive outlook for the remainder of 2025. The company reiterated its target revenue growth of 18% to 25% year-over-year, with revenue guidance set between $450 million and $475 million. Microvast also aims to maintain a gross margin target of 30% for the year, supported by regional efficiencies and increased utilization. The company's focus on expanding production capacity, particularly with the installation of equipment for Huzhou Phase 3.2, further bolsters its growth prospects.