Microvast (MVST) Revenue & Revenue Breakdown
Microvast Revenue Highlights
Latest Revenue (Y)
$379.80M
Latest Revenue (Q)
$116.49M
Main Geography (Y)
Europe
Microvast Revenue by Period
Microvast Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2024-12-31 | $379.80M | 23.87% |
| 2023-12-31 | $306.62M | 49.94% |
| 2022-12-31 | $204.50M | 34.56% |
| 2021-12-31 | $151.98M | 41.35% |
| 2020-12-31 | $107.52M | 40.67% |
| 2019-12-31 | $76.43M | -56.13% |
| 2018-12-31 | $174.24M | - |
Microvast generated $379.80M in revenue during NA 2024, up 23.87% compared to the previous quarter, and up 496.90% compared to the same period a year ago.
Microvast Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2025-03-31 | $116.49M | 2.74% |
| 2024-12-31 | $113.39M | 11.83% |
| 2024-09-30 | $101.39M | 21.17% |
| 2024-06-30 | $83.67M | 2.86% |
| 2024-03-31 | $81.35M | -22.21% |
| 2023-12-31 | $104.58M | 30.53% |
| 2023-09-30 | $80.12M | 6.89% |
| 2023-06-30 | $74.95M | 59.57% |
| 2023-03-31 | $46.97M | -27.51% |
| 2022-12-31 | $64.80M | 67.80% |
| 2022-09-30 | $38.62M | -40.05% |
| 2022-06-30 | $64.41M | 75.67% |
| 2022-03-31 | $36.67M | -45.08% |
| 2021-12-31 | $66.77M | 80.98% |
| 2021-09-30 | $36.89M | 10.55% |
| 2021-06-30 | $33.37M | 123.40% |
| 2021-03-31 | $14.94M | -68.96% |
| 2020-12-31 | $48.12M | 56.47% |
| 2020-09-30 | $30.75M | 41.73% |
| 2020-06-30 | $21.70M | 212.25% |
| 2020-03-31 | $6.95M | -77.45% |
| 2019-12-31 | $30.82M | 100.00% |
| 2019-09-30 | - | 100.00% |
| 2019-06-30 | - | 100.00% |
| 2019-03-31 | - | - |
Microvast generated $116.49M in revenue during Q1 2025, up 2.74% compared to the previous quarter, and up 111.39% compared to the same period a year ago.
Microvast Revenue Breakdown
Microvast Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|
| Asia Pacific | $177.70M | $219.13M | $185.03M | $131.52M |
| Europe | $187.72M | $84.36M | $15.81M | $19.54M |
| INDIA | $48.77M | $60.61M | $47.32M | $17.80M |
| ITALY | $150.81M | $56.59M | $6.39M | - |
| Other European Countries | $36.91M | $24.26M | $5.44M | - |
| PRC | $127.14M | $156.48M | $132.47M | - |
| UNITED STATES | $14.39M | $3.13M | $3.65M | - |
| OtherCountriesMember | - | - | - | $8.17M |
| OtherCountriesOneMember | - | - | - | $8.16M |
| OtherMember | - | - | - | $918.00K |
| PeoplesRepublicOfChinaMember | - | - | - | $93.33M |
Microvast's latest annual revenue breakdown by geography, as of Dec 24: Europe (25.25%), Asia Pacific (23.90%), ITALY (20.29%), PRC (17.10%), INDIA (6.56%), Other European Countries (4.96%), and UNITED STATES (1.94%).
Quarterly Revenue by Country
| Country | Mar 25 | Dec 24 | Sep 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe | $60.05M | $128.24M | $59.48M | $45.80M | $19.03M | $9.34M | $10.19M | $3.43M | $4.88M | $2.75M | $4.91M |
| Asia And Pacific | $50.05M | $39.27M | $60.90M | $64.64M | $35.76M | - | - | - | - | - | - |
| CHINA | $44.13M | - | - | - | - | - | - | - | - | - | - |
| UNITED STATES | $6.39M | $11.74M | $2.64M | $943.00K | $182.00K | $974.00K | $1.03M | $1.25M | $966.00K | $675.00K | - |
| PRC | - | $98.42M | $28.72M | $41.46M | $36.29M | $46.12M | $32.61M | $26.54M | $33.95M | - | - |
| China and Asia & Pacific | - | - | - | - | - | - | - | $33.94M | $58.57M | $33.24M | - |
| Asia Pacific | - | - | - | - | - | - | - | - | - | - | $31.79M |
| OtherGeographicRegionsMember | - | - | - | - | - | - | - | - | - | - | $194.00K |
Microvast's latest quarterly revenue breakdown by geography, as of Mar 25: Europe (37.39%), Asia And Pacific (31.16%), CHINA (27.47%), and UNITED STATES (3.98%).
Microvast Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CBAT | CBAK Energy | $176.61B | $25.37M |
| BE | Bloom Energy | $1.47B | $326.02M |
| PLUG | Plug Power | $628.81M | $133.67M |
| MVST | Microvast | $379.80M | $116.49M |
| FCEL | FuelCell Energy | $112.13M | $19.00M |
| DFLI | Dragonfly Energy | $50.65M | $13.36M |
| SLDP | Solid Power | $20.14M | $4.46M |
| EOSE | Eos Energy Enterprises | $15.61M | $7.25M |
| ENVX | Enovix | $263.00K | $4.32M |
| FREY | FREYR Battery | - | - |