Microvast Holdings, Inc. (MVST) quarterly cash flow statement — complete operating, investing & financing history
Microvast Holdings, Inc. (MVST) cash flow statement — 8-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -10.51M | 4.25M | -3.4M | 15.16M | 37.15M | 7.17M | 6.1M | -5.43M | 111K | 2.03M | -27.52M | -29.34M | -29.84M | -11.17M | 4.67M | 4.24M | -48.47M | -34.3M | -37.68M | -30.23M |
| Operating CF Margin % | -12.05% | 7.01% | -3.53% | 12.3% | 40.68% | 6.15% | 5.38% | -5.35% | 0.13% | 2.5% | -26.31% | -36.62% | -39.81% | -23.77% | 7.2% | 10.97% | -75.24% | -93.56% | -56.43% | -81.94% |
| Operating CF Growth % | -128.3% | -40.73% | -155.75% | 379.3% | 33372.07% | 252.98% | 122.17% | 81.5% | 100.37% | 118.19% | -689.59% | -792.85% | 38.43% | 67.45% | 112.39% | 114.01% | -277.15% | -1477.97% | -486.15% | -302.13% |
| Net Income | -11.99M | 48.21M | 16.54M | -1.49M | -106.06M | 61.79M | -105.44M | 13.25M | -101.56M | -24.82M | -24.54M | -26.17M | -26.08M | -29.57M | -33.7M | -36.54M | -44.18M | -43.78M | -37.12M | -117.99M |
| Depreciation & Amortization | 8.08M | 8.08M | 8.38M | 8.27M | 8.3M | 8.18M | 7.81M | 7.72M | 7.63M | 7.66M | 7.69M | 5.04M | 5.1M | 5.1M | 4.78M | 5.47M | 5.76M | 6.01M | 5.82M | 0 |
| Stock-Based Compensation | 842K | 0 | 795K | 728K | 846K | 703K | 551K | 6.3M | 12.12M | 11.87M | 0 | 15.86M | 17.85M | 17.93M | 17.88M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | -5.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 264K | 0 | 0 | 0 | 0 | 0 | 0 | -6K | 27.47K |
| Other Non-Cash Items | 9.84M | -58.81M | -10.04M | 22.83M | 127.7M | -36.6M | 107.47M | -3.04M | 95.46M | 4.43M | 22.62M | 4.21M | 4.97M | 2.9M | 9.5M | 23.44M | 30.68M | 31.19M | 29.72M | 99.92M |
| Working Capital Changes | -17.29M | 6.77M | -13.64M | -15.18M | 6.37M | -26.9M | -4.29M | -29.66M | -13.55M | 2.89M | -33.3M | -28.55M | -31.68M | -7.52M | 6.2M | 11.87M | -40.72M | -27.73M | -36.09M | -12.18M |
| Change in Receivables | 3.66M | 30.19M | -13.37M | -26.76M | 4.9M | -19.37M | -12.04M | -12.58M | 17.31M | 22.59M | -23.81M | -11.16M | -20.51M | 10.95M | -33.9M | 38.87M | -37.78M | -4.72M | -22.04M | 0 |
| Change in Inventory | 2.39M | -7M | 9.71M | 10.33M | -8.73M | 15.78M | 3.6M | -2.69M | -17.8M | 16.34M | -19.93M | -37.86M | -9.57M | -7.04M | -4.18M | -23.61M | -11.03M | -4.88M | -10.77M | 0 |
| Change in Payables | 15.46M | -1.26M | -13.38M | -13.08M | 14.81M | -8.55M | 2.71M | -16.37M | -2.67M | -27.84M | 15.18M | 41.63M | 15.73M | -3.96M | 7.67M | -1.34M | 9.41M | -8.61M | 3.44M | 0 |
| Cash from Investing | -502K | -2.8M | -590K | -10.38M | -2.75M | -2.33M | -180K | -4.53M | -2.92M | -4.53M | -12.48M | -59.72M | -57.58M | -35.83M | -91.23M | -16.81M | -26.85M | -41.06M | -47.14M | -180.39M |
| Capital Expenditures | -11.31M | -2.85M | -643K | -13.98M | -2.86M | -2.35M | -355K | -14.18M | -2.94M | -10.24M | -33.21M | -59.94M | -57.71M | -35.92M | -66.16M | -16.81M | -26.85M | -41.06M | -47.14M | -40.72M |
| CapEx % of Revenue | 12.97% | 4.71% | 0.67% | 11.34% | 3.13% | 2.01% | 0.31% | 13.99% | 3.52% | 12.59% | 31.76% | 74.82% | 76.99% | 76.47% | 102.1% | 43.52% | 41.69% | 111.98% | 70.6% | 110.36% |
| Acquisitions | 0 | 51K | 129K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 770K | 231K | 0 | 0 | 2K | 1K | 1K | 1K | 0 | -139.04M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 10.81M | 0 | -76K | 3.61M | 115K | 14K | 175K | 9.65M | 28K | 152K | 0 | 231K | 308K | 340K | -25.07M | 0 | 0 | 0 | 0 | -629.28K |
| Cash from Financing | -21.14M | 2.28M | 26.68M | -2.75M | -16.26M | 9.46M | -9.05M | 18.15M | 22.23M | 6.26M | 43.45M | 6.86M | 909K | 4.38M | -29.26M | 38.8M | 5.98M | 9.39M | 7.87M | 779.68M |
| Debt Issued (Net) | -22.39M | 4.1M | 5.38M | 698K | -11.74M | 13.75M | -3.28M | 34.54M | 22.75M | 6.26M | 43.45M | -3.69M | 909K | 4.38M | -29.26M | 38.8M | 5.98M | 9.39M | 7.71M | 17.06M |
| Equity Issued (Net) | 1.35M | -448K | 27.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -805.29M | 805.43M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -224K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135.71K |
| Other Financing | -105K | -1.37M | -6.63M | -3.44M | -4.52M | -4.29M | -5.77M | -16.39M | -525K | 0 | 0 | 10.55M | 0 | 0 | 0 | 0 | 0 | 0 | 805.45M | -42.8M |
| Net Change in Cash | -30.91M | 4.76M | 26.61M | 3.81M | 15.83M | 13.39M | -5.37M | 10.48M | 17.78M | -1.49M | -7.18M | -81.11M | -90.16M | -42.14M | -113.08M | -17.94M | -73.8M | -65.38M | -76.4M | 612.44M |
| Free Cash Flow | -21.83M | 1.39M | -4.04M | 1.18M | 34.29M | 4.82M | 5.75M | -19.61M | -2.83M | -8.21M | -60.73M | -89.29M | -87.55M | -47.09M | -61.49M | -12.57M | -75.32M | -75.37M | -84.82M | -70.95M |
| FCF Margin % | -25.01% | 2.3% | -4.2% | 0.96% | 37.54% | 4.14% | 5.07% | -19.34% | -3.39% | -10.09% | -58.07% | -111.45% | -116.81% | -100.24% | -94.9% | -32.56% | -116.93% | -205.54% | -127.03% | -192.3% |
| FCF Growth % | -163.65% | -71.1% | -170.38% | 106.01% | 1310.06% | 158.75% | 109.46% | 78.04% | 96.76% | 82.56% | 1.24% | -610.2% | -16.24% | 37.52% | 27.51% | 82.28% | -335.89% | -173.04% | -1407.55% | -16838.39% |
| FCF per Share | -0.06 | 0.00 | -0.01 | 0.00 | 0.11 | 0.01 | 0.02 | -0.05 | -0.01 | -0.03 | -0.19 | -0.29 | -0.28 | -0.15 | -0.20 | -0.04 | -0.25 | -0.25 | -0.28 | -0.29 |
| FCF Conversion (FCF/Net Income) | 0.88x | 0.09x | -0.21x | -10.18x | -0.35x | 0.12x | -0.06x | -0.41x | -0.00x | -0.08x | 1.12x | 1.12x | 1.14x | 0.38x | -0.14x | -0.12x | 1.10x | 0.78x | 0.81x | 0.26x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |