Microvast (NASDAQ:MVST) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Microvast (NASDAQ:MVST) posted its quarterly earnings data on Monday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.09), Zacks reports. Microvast had a negative net margin of 6.83% and a positive return on equity of 2.51%.

Here are the key takeaways from Microvast’s conference call:

• Q1 revenue was $60.6 million, a 48% year‑over‑year decline driven by lower shipment volumes (536 MWh to ~274 MWh); the company reported an adjusted net loss of $14.6 million and negative adjusted EBITDA of $5.5 million.
• Gross margin remained relatively resilient at 31.6% despite lower utilization, though management cautioned margins face near‑term pressure from Phase 3.2 ramp costs, raw material inflation, and tariffs.
• The Huzhou Phase 3.2 expansion is progressing (trial production completed on the 55 Ah electrode) with SOP expected in 2026 and up to ~2 GWh of incremental annual capacity, a key growth catalyst that will incur ramp expenses.
• Microvast announced a new 290 Ah LFP pack and CAF integrated electric powertrain targeting the U.S. school‑bus market (including a nitrogen purge safety system) aimed at reducing total cost of ownership and accelerating adoption.
• Liquidity finished the quarter at $174 million after $22.8 million of operating cash use and $29.3 million of financing proceeds, but further U.S. plant construction depends on additional financing and partnerships.

Microvast Stock Performance

Shares of NASDAQ MVST traded down $0.11 during mid-day trading on Monday, hitting $2.02. 11,947,413 shares of the company were exchanged, compared to its average volume of 3,977,699. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $2.88. Microvast has a 1-year low of $1.37 and a 1-year high of $7.12. The firm has a market cap of $670.70 million, a price-to-earnings ratio of -8.78 and a beta of 3.60.

Institutional Investors Weigh In On Microvast

Several hedge funds have recently modified their holdings of MVST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Microvast in the first quarter valued at about $213,000. Millennium Management LLC boosted its holdings in Microvast by 101.6% in the 1st quarter. Millennium Management LLC now owns 4,646,060 shares of the company’s stock valued at $5,436,000 after purchasing an additional 2,341,637 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Microvast by 158.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,606,896 shares of the company’s stock worth $1,880,000 after purchasing an additional 986,335 shares during the period. Legal & General Group Plc purchased a new position in shares of Microvast during the 2nd quarter worth approximately $1,006,000. Finally, Rhumbline Advisers purchased a new position in shares of Microvast during the 2nd quarter worth approximately $1,046,000. 20.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MVST. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvast in a report on Friday, March 27th. Wall Street Zen downgraded Microvast from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Zacks Research downgraded Microvast from a “hold” rating to a “strong sell” rating in a report on Thursday, March 19th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Microvast

Microvast Holdings, Inc, traded on NASDAQ under the symbol MVST, is a global provider of advanced lithium-ion battery solutions for transportation and stationary energy storage applications. The company designs, develops and manufactures a range of battery cells, modules and packs tailored to electric buses, commercial vehicles, passenger cars and grid storage systems. Its technology emphasizes fast charging, long cycle life and high energy density to meet stringent performance requirements in demanding operating environments.

Founded in 2006, Microvast has established a vertically integrated platform that spans research and development, pilot production and full-scale manufacturing.