MVST: Microvast Holdings Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Microvast Holdings Inc (MVST).
$670.30M Market Cap.
MVST Market Cap. (MRY)
MVST Shares Outstanding (MRY)
MVST Assets (MRY)
Total Assets
$951.87M
Total Liabilities
$563.97M
Total Investments
$7.60M
MVST Income (MRY)
Revenue
$379.80M
Net Income
-$195.46M
Operating Expense
$235.64M
MVST Cash Flow (MRY)
CF Operations
$2.81M
CF Investing
-$12.15M
CF Financing
$37.59M
MVST Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $951,867,000 (-13.21%) | $1,096,732,000 (11.35%) | $984,957,000 (-1.04%) | $995,291,000 (146.05%) |
Assets Current | $428,026,000 (0.57%) | $425,606,000 (-21.92%) | $545,067,000 (-22.86%) | $706,606,000 (273.23%) |
Assets Non-Current | $523,841,000 (-21.95%) | $671,126,000 (52.57%) | $439,890,000 (52.38%) | $288,685,000 (34.16%) |
Goodwill & Intangible Assets | $13,978,000 (-7.55%) | $15,120,000 (5.92%) | $14,275,000 (-10.16%) | $15,890,000 (-2.40%) |
Shareholders Equity | $387,895,000 (-31.25%) | $564,190,000 (-7.96%) | $612,977,000 (-10.74%) | $686,698,000 (278.55%) |
Property Plant & Equipment Net | $495,817,000 (-22.55%) | $640,174,000 (82.12%) | $351,508,000 (38.90%) | $253,057,000 (27.80%) |
Cash & Equivalents | $109,579,000 (33.60%) | $82,018,000 (-72.86%) | $302,152,000 (-43.64%) | $536,109,000 (1201.36%) |
Accumulated Other Comprehensive Income | -$38,194,000 (-49.11%) | -$25,614,000 (-41.66%) | -$18,081,000 (-369.83%) | $6,701,000 (-8.90%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $7,601,000 (-78.61%) | $35,541,000 (28.16%) | $27,731,000 (148.84%) | $11,144,000 (-46.52%) |
Investments Current | $7,579,000 (-74.19%) | $29,370,000 (7.72%) | $27,266,000 (144.67%) | $11,144,000 (-46.52%) |
Investments Non-Current | $22,000 (-99.64%) | $6,171,000 (1227.10%) | $465,000 (0%) | $0 (0%) |
Inventory | $143,327,000 (-4.29%) | $149,749,000 (77.74%) | $84,252,000 (57.70%) | $53,424,000 (18.80%) |
Trade & Non-Trade Receivables | $120,626,000 (-13.04%) | $138,717,000 (16.27%) | $119,304,000 (34.35%) | $88,802,000 (16.39%) |
Trade & Non-Trade Payables | $64,940,000 (-42.34%) | $112,618,000 (150.35%) | $44,985,000 (11.33%) | $40,408,000 (-3.81%) |
Accumulated Retained Earnings (Deficit) | -$1,092,958,000 (-21.78%) | -$897,501,000 (-13.44%) | -$791,165,000 (-25.16%) | -$632,099,000 (-58.82%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $652,000 (-0.46%) | $655,000 (-0.46%) | $658,000 (-1.20%) | $666,000 (0.30%) |
Total Debt | $325,850,000 (60.70%) | $202,771,000 (17.16%) | $173,071,000 (17.42%) | $147,401,000 (-2.40%) |
Debt Current | $122,422,000 (23.95%) | $98,766,000 (15.06%) | $85,839,000 (15.60%) | $74,254,000 (-4.66%) |
Debt Non-Current | $203,428,000 (95.59%) | $104,005,000 (19.23%) | $87,232,000 (19.26%) | $73,147,000 (0.00%) |
Total Liabilities | $563,972,000 (5.90%) | $532,542,000 (43.16%) | $371,980,000 (20.54%) | $308,593,000 (-20.70%) |
Liabilities Current | $330,153,000 (-18.16%) | $403,410,000 (59.82%) | $252,409,000 (43.75%) | $175,594,000 (-4.37%) |
Liabilities Non-Current | $233,819,000 (81.07%) | $129,132,000 (8.00%) | $119,571,000 (-10.10%) | $132,999,000 (-35.29%) |
MVST Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $379,801,000 (23.87%) | $306,617,000 (49.94%) | $204,495,000 (34.56%) | $151,976,000 (41.35%) |
Cost of Revenue | $260,249,000 (4.35%) | $249,390,000 (27.62%) | $195,422,000 (0.36%) | $194,719,000 (115.45%) |
Selling General & Administrative Expense | $104,062,000 (-13.93%) | $120,905,000 (-4.94%) | $127,183,000 (3.35%) | $123,063,000 (277.38%) |
Research & Development Expense | $41,065,000 (-8.75%) | $45,004,000 (3.44%) | $43,508,000 (26.53%) | $34,385,000 (106.68%) |
Operating Expenses | $235,642,000 (43.72%) | $163,956,000 (-3.00%) | $169,019,000 (11.70%) | $151,321,000 (227.20%) |
Interest Expense | $9,711,000 (269.52%) | $2,628,000 (-20.91%) | $3,323,000 (-38.59%) | $5,411,000 (-5.70%) |
Income Tax Expense | $0 (0%) | $10,000 (-69.70%) | $33,000 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$195,457,000 (-83.68%) | -$106,412,000 (32.74%) | -$158,200,000 (23.38%) | -$206,483,000 (-514.08%) |
Net Income to Non-Controlling Interests | $0 (0%) | -$76,000 (0%) | $0 (0%) | $9,523,000 (-40.21%) |
Net Income | -$195,457,000 (-83.81%) | -$106,336,000 (32.78%) | -$158,200,000 (26.76%) | -$216,006,000 (-335.92%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $18,097,000 (-42.39%) |
Net Income Common Stock | -$195,457,000 (-83.81%) | -$106,336,000 (32.78%) | -$158,200,000 (32.42%) | -$234,103,000 (-189.15%) |
Weighted Average Shares | $318,462,843 (2.43%) | $310,909,379 (2.52%) | $303,279,188 (63.14%) | $185,896,482 (87.72%) |
Weighted Average Shares Diluted | $318,462,843 (2.43%) | $310,909,379 (2.52%) | $303,279,188 (63.14%) | $185,896,482 (87.72%) |
Earning Before Interest & Taxes (EBIT) | -$185,746,000 (-79.12%) | -$103,698,000 (33.03%) | -$154,844,000 (26.47%) | -$210,595,000 (-380.67%) |
Gross Profit | $119,552,000 (108.91%) | $57,227,000 (530.74%) | $9,073,000 (121.23%) | -$42,743,000 (-349.38%) |
Operating Income | -$116,090,000 (-8.77%) | -$106,729,000 (33.27%) | -$159,946,000 (17.58%) | -$194,064,000 (-566.73%) |
MVST Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$12,152,000 (92.66%) | -$165,605,000 (5.88%) | -$175,945,000 (-100.25%) | -$87,862,000 (-397.13%) |
Net Cash Flow from Financing | $37,589,000 (13.76%) | $33,041,000 (565.21%) | $4,967,000 (-99.21%) | $624,949,000 (123364.10%) |
Net Cash Flow from Operations | $2,814,000 (103.74%) | -$75,303,000 (-39.64%) | -$53,928,000 (-19.74%) | -$45,039,000 (-389.53%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $21,412,000 (109.99%) | -$214,428,000 (8.16%) | -$233,492,000 (-147.18%) | $494,913,000 (84268.88%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $5,564,000 (-71.52%) | $19,534,000 (177.92%) | -$25,070,000 (0%) | $0 (0%) |
Capital Expenditure | -$17,716,000 (90.43%) | -$185,139,000 (-22.71%) | -$150,875,000 (-71.72%) | -$87,862,000 (-371.57%) |
Issuance (Repayment) of Debt Securities | $60,269,000 (82.41%) | $33,041,000 (565.21%) | $4,967,000 (-91.56%) | $58,858,000 (11709.07%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $705,129,000 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$6,839,000 (-4.24%) | -$6,561,000 (23.58%) | -$8,586,000 (-399.69%) | $2,865,000 (40.65%) |
Share Based Compensation | $30,840,000 (-52.53%) | $64,971,000 (-28.45%) | $90,808,000 (9.55%) | $82,894,000 (0%) |
Depreciation Amortization & Accretion | $33,518,000 (30.46%) | $25,692,000 (13.79%) | $22,579,000 (9.01%) | $20,713,000 (23.35%) |
MVST Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 31.50% (68.45%) | 18.70% (325.00%) | 4.40% (115.66%) | -28.10% (-276.73%) |
Profit Margin | -51.50% (-48.41%) | -34.70% (55.17%) | -77.40% (49.74%) | -154.00% (-104.52%) |
EBITDA Margin | -40.10% (-57.87%) | -25.40% (60.74%) | -64.70% (48.20%) | -124.90% (-397.61%) |
Return on Average Equity (ROAE) | -41.70% (-126.63%) | -18.40% (26.10%) | -24.90% (85.74%) | -174.60% (-299.32%) |
Return on Average Assets (ROAA) | -19.80% (-92.23%) | -10.30% (36.02%) | -16.10% (51.65%) | -33.30% (-28.57%) |
Return on Sales (ROS) | -48.90% (-44.67%) | -33.80% (55.35%) | -75.70% (45.38%) | -138.60% (-240.54%) |
Return on Invested Capital (ROIC) | -24.00% (-64.38%) | -14.60% (49.31%) | -28.80% (44.51%) | -51.90% (-243.71%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -3.39 (17.61%) | -4.12 (-39.97%) | -2.94 (34.51%) | -4.49 (78.46%) |
Price to Sales Ratio (P/S) | 1.74 (22.25%) | 1.42 (-37.42%) | 2.27 (-67.23%) | 6.92 (-56.04%) |
Price to Book Ratio (P/B) | 1.73 (120.13%) | 0.79 (1.68%) | 0.77 (-68.83%) | 2.48 (256.97%) |
Debt to Equity Ratio (D/E) | 1.45 (54.03%) | 0.94 (55.52%) | 0.61 (35.19%) | 0.45 (144.37%) |
Earnings Per Share (EPS) | -0.61 (-79.41%) | -0.34 (34.62%) | -0.52 (58.73%) | -1.26 (-53.66%) |
Sales Per Share (SPS) | 1.19 (20.99%) | 0.99 (46.29%) | 0.67 (-17.60%) | 0.82 (-24.68%) |
Free Cash Flow Per Share (FCFPS) | -0.05 (94.39%) | -0.84 (-24.15%) | -0.68 (5.59%) | -0.71 (-2206.45%) |
Book Value Per Share (BVPS) | 1.22 (-32.89%) | 1.81 (-10.19%) | 2.02 (-45.29%) | 3.69 (195.11%) |
Tangible Assets Book Value Per Share (TABVPS) | 2.94 (-15.35%) | 3.48 (8.68%) | 3.2 (-39.25%) | 5.27 (34.41%) |
Enterprise Value Over EBIT (EV/EBIT) | -4 (20.00%) | -5 (-150.00%) | -2 (66.67%) | -6 (57.14%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -5.43 (16.95%) | -6.54 (-189.42%) | -2.26 (65.07%) | -6.46 (71.21%) |
Asset Turnover | 0.38 (28.86%) | 0.3 (43.27%) | 0.21 (-3.70%) | 0.22 (-37.03%) |
Current Ratio | 1.3 (22.84%) | 1.05 (-51.13%) | 2.16 (-46.35%) | 4.02 (290.30%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$14,902,000 (94.28%) | -$260,442,000 (-27.17%) | -$204,803,000 (-54.10%) | -$132,901,000 (-4220.58%) |
Enterprise Value (EV) | $826,145,667 (62.06%) | $509,772,755 (70.67%) | $298,694,863 (-75.67%) | $1,227,576,750 (102.31%) |
Earnings Before Tax (EBT) | -$195,457,000 (-83.83%) | -$106,326,000 (32.78%) | -$158,167,000 (26.78%) | -$216,006,000 (-335.93%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$152,228,000 (-95.15%) | -$78,006,000 (41.02%) | -$132,265,000 (30.34%) | -$189,882,000 (-602.72%) |
Invested Capital | $824,007,000 (3.14%) | $798,955,000 (35.60%) | $589,192,000 (41.94%) | $415,099,000 (32.01%) |
Working Capital | $97,873,000 (340.95%) | $22,196,000 (-92.42%) | $292,658,000 (-44.89%) | $531,012,000 (9220.91%) |
Tangible Asset Value | $937,889,000 (-13.29%) | $1,081,612,000 (11.43%) | $970,682,000 (-0.89%) | $979,401,000 (152.27%) |
Market Capitalization | $670,297,667 (51.26%) | $443,148,755 (-6.35%) | $473,216,863 (-72.18%) | $1,700,956,750 (180.30%) |
Average Equity | $468,779,250 (-18.86%) | $577,721,500 (-9.03%) | $635,053,000 (373.61%) | $134,087,000 (245.12%) |
Average Assets | $987,961,000 (-3.96%) | $1,028,736,750 (4.75%) | $982,061,000 (39.62%) | $703,385,250 (124.65%) |
Invested Capital Average | $774,043,500 (9.05%) | $709,830,250 (31.89%) | $538,208,250 (32.57%) | $405,988,250 (39.93%) |
Shares | 323,815,298 (2.30%) | 316,534,825 (2.34%) | 309,292,067 (2.92%) | 300,522,394 (746.85%) |
