Microvast increases 2025 gross margin forecast to 35% as it progresses on all-solid-state battery and European collaboration
Record Financial Performance: Microvast Holdings reported a record Q3 2025 revenue of $123.3 million, a 21.6% year-over-year increase, with an improved gross profit margin of 37.6% and an operating profit of $13.2 million.
Strategic Partnerships and Expansion: The company announced a partnership with SKODA Group to validate its technology for high-safety rail applications and is in the final stages of expanding production capacity, targeting an additional 2 Gigawatt hour annually.
Positive Outlook and Guidance: Management reaffirmed its annual revenue guidance of $450 million to $475 million and raised the gross margin target to a range of 32% to 35%, reflecting confidence in growth and profitability.
Operational Challenges: Despite strong revenue growth, the company faced increased operating expenses due to exchange losses and ongoing litigation, highlighting the need for continued cost control and operational discipline.
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Record Financial Performance: Microvast Holdings reported a record Q3 2025 revenue of $123.3 million, a 21.6% year-over-year increase, with an improved gross profit margin of 37.6% and an operating profit of $13.2 million.
Strategic Partnerships and Expansion: The company announced a partnership with SKODA Group to validate its technology for high-safety rail applications and is in the final stages of expanding production capacity, targeting an additional 2 Gigawatt hour annually.
Positive Outlook and Guidance: Management reaffirmed its annual revenue guidance of $450 million to $475 million and raised the gross margin target to a range of 32% to 35%, reflecting confidence in growth and profitability.
Operational Challenges: Despite strong revenue growth, the company faced increased operating expenses due to exchange losses and ongoing litigation, highlighting the need for continued cost control and operational discipline.
Microvast Holdings, Inc. Growth: Microvast Holdings (NASDAQ: MVST) has seen a significant share price increase of 705% over the past year, driven by strategic initiatives such as entering marine electrification and advancing its True All-Solid-State Battery technology.
Investment Potential: The company is recognized as one of the top picks among cheap lithium stocks, with management projecting 18-25% year-over-year revenue growth for 2025, although some analysts suggest that certain AI stocks may offer better investment opportunities.

Financial Performance: Microvast Holdings reported a record first-quarter revenue of $116.5 million, marking a 43% year-over-year growth, with a net profit of $61.8 million and improved gross margins of 36.9%. The company also achieved positive operating cash flow and reduced operating expenses significantly.
Strategic Outlook: CEO Yang Wu emphasized the company's focus on expanding revenue streams through product diversification and market share growth, particularly in the EMEA region, while maintaining an optimistic guidance for 2025 with anticipated revenue between $450 million and $475 million.
Record Revenue and Growth: Microvast Holdings reported a record annual revenue of $380 million in 2024, marking a 24% increase year-over-year, with significant growth in the EMEA region and a focus on expanding production capacity and innovative product launches.
Future Outlook and Challenges: The company projects a revenue growth of 18%-25% for 2025 while acknowledging challenges such as a tough financing environment and competition in the APAC region, but remains optimistic about maintaining profitability and delivering long-term value to shareholders.






