Microvast Holdings Achieves Record Revenue in Q2 2025

Author: Logan Wright Updated: 08-11-2025 05:29 PM

Overview of Microvast's Q2 2025 Performance

Microvast Holdings, Inc. (NASDAQ: MVST), a prominent player in battery technologies, has reported impressive financial results for the second quarter of the fiscal year. Their revenue surged to $91.3 million, reflecting a 9.2% increase compared to the same period in the previous year. This achievement underscores the growing market demand for their innovative battery solutions.

Financial Highlights

Record Revenue and Margin Improvement

The financial performance in Q2 is underscored by a notable gross margin increase from 32.5% to 34.7%, marking a robust improvement of 2.2 percentage points year-over-year. Despite a reported net loss of $106.1 million, Microvast also achieved an adjusted EBITDA of $25.9 million, signaling positive operational efficiency and profitability focus amidst growth.

Detailed Results

Revenues reached $91.3 million, an increase from $83.7 million in Q2 2024.
Gross margin improved to 34.7% from 32.5% in the previous year.
Operating expenses significantly decreased to $16.5 million from $126.7 million.
Net loss was reported at $106.1 million, a slight increase from $101.6 million in Q2 2024.
The non-GAAP adjusted net profit stood at $16.3 million, a considerable turnaround from a loss of $87.9 million in Q2 2024.

Year-to-Date Performance

For the first six months ending June 30, 2025, Microvast reported total revenues of $207.8 million, up 25.9% from $165 million in the same timeframe last year. Increased operational efficiencies contributed to a gross margin rise from 26.9% to 36%, demonstrating effective cost management and strategic growth.

Outlook for 2025

Looking forward, Microvast projects revenue growth of 18% to 25% year-over-year, aiming for guidance between $450 million and $475 million. The company plans to enhance its production capabilities with the expected completion of its Huzhou Phase 3.2 expansion by year’s end, which will position them to better meet market demands.

Webcast and Investor Engagement

Upcoming Conference Call

Microvast’s management will hold a conference call to discuss the financial results and outlook on a designated date at 4:00 p.m. Central Time. Investors are encouraged to participate for detailed insights into the company's strategies and performance metrics.

About Microvast

Microvast is at the forefront of providing advanced battery technologies aimed at electric vehicles and energy storage solutions. Founded in 2006, the firm has accumulated over 810 patents to drive the future of electrification. Their commitment to excellence and innovation positions them as a substantial player in the industry.

Frequently Asked Questions

What were Microvast's Q2 2025 revenues?

The revenues for Q2 2025 were reported at $91.3 million, marking a 9.2% year-over-year increase.

How did the gross margin change in Q2 2025?

The gross margin improved from 32.5% to 34.7% compared to Q2 2024.

What is the projected revenue growth for Microvast in 2025?

Microvast aims for revenue growth between 18% and 25% for the year.

When will Microvast hold its conference call?

The conference call is scheduled for 4:00 p.m. Central Time on a specified date.

What is Microvast's primary focus?

Microvast focuses on advanced battery technologies for electric vehicles and energy storage solutions.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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