Microvast Holdings reports Q3 revenue of $123.3 million, up 21.6% year over year
Reuters
Nov 11
Microvast Holdings reports Q3 revenue of $123.3 million, up 21.6% year over year
Microvast Holdings Inc. reported third quarter 2025 revenue of $123.3 million, a 21.6% increase compared to $101.4 million in the same period of 2024. Gross margin rose to 37.6% from 33.2% year over year. The company recorded a GAAP net loss of $1.5 million and reported positive adjusted EBITDA of $21.9 million. Capital expenditures for the period were $31.4 million, down from $43.8 million year-to-date in 2024. Microvast updated its full-year 2025 gross margin outlook to a range of 32% to 35% and maintained its revenue guidance of $450 million to $475 million, with expected year-over-year growth of 18% to 25%. The company also plans to complete installation and commissioning of production equipment for the Huzhou Phase 3.2 expansion by year-end to increase capacity.
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