7Baggers
Quarterly
Annual
    Unit: USD2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 
      
    		             
      assets
    		             
      current assets:
    		             
      cash and cash equivalents
    		90,898,000 73,007,000 63,585,000 68,183,000 39,451,000 44,541,000 67,398,000 142,766,000 200,305,000 231,420,000 295,816,000 333,867,000 416,165,000 
      restricted cash, current
    		32,096,000 36,572,000 40,361,000 34,737,000 44,693,000 37,477,000 21,803,000 27,542,000 60,164,000 70,732,000 83,179,000   
      accounts receivable
    		135,654,000 120,626,000 121,539,000 104,976,000 123,543,000 138,717,000 116,300,000 106,094,000 88,911,000 119,304,000 82,707,000 104,992,000 79,970,000 
      notes receivable
    		10,362,000 7,579,000 10,937,000 10,872,000 12,162,000 23,736,000 20,161,000 17,724,000 21,202,000 2,196,000 4,505,000 30,448,000 24,688,000 
      inventories
    		129,059,000 143,327,000 157,769,000 152,509,000 137,330,000 149,749,000 126,913,000 86,760,000 87,669,000 84,252,000 82,262,000 64,460,000 58,081,000 
      prepaid expenses and other current assets
    		30,027,000 27,019,000 23,483,000 16,675,000 20,973,000 25,752,000 25,840,000 20,620,000 13,472,000 12,093,000 19,060,000 14,531,000 19,691,000 
      assets held for sale
    		19,896,000 19,896,000            
      total current assets
    		447,992,000 428,026,000 437,571,000 418,049,000 378,152,000 425,606,000 403,911,000 426,996,000 497,036,000 545,067,000 567,529,000 611,363,000 653,163,000 
      restricted cash, non-current
    		 22,000 11,021,000 1,564,000 2,560,000 6,171,000 11,000 11,000 11,000 465,000 36,704,000   
      property, plant and equipment
    		485,157,000 478,189,000 527,160,000 519,432,000 616,508,000 620,667,000 549,544,000 497,847,000 443,051,000 335,140,000 286,346,000 278,443,000 271,248,000 
      land use rights
    		11,366,000 11,371,000 11,902,000 11,565,000 11,712,000 11,984,000 11,734,000 11,878,000 12,618,000 12,639,000 12,328,000 13,171,000 13,999,000 
      acquired intangible assets
    		2,496,000 2,607,000 2,788,000 2,854,000 2,985,000 3,136,000 3,210,000 3,343,000 3,691,000 1,636,000 1,696,000 1,758,000 1,821,000 
      operating lease right-of-use assets
    		18,205,000 17,628,000 19,468,000 19,601,000 18,777,000 19,507,000 19,612,000 21,001,000 18,461,000 16,368,000 15,509,000 17,123,000 18,388,000 
      other non-current assets
    		17,716,000 14,024,000 11,090,000 11,494,000 9,954,000 9,661,000 28,540,000 36,596,000 29,113,000 73,642,000 52,816,000 49,786,000 40,096,000 
      total assets
    		982,932,000 951,867,000 1,021,000,000 984,559,000 1,040,648,000 1,096,732,000 1,016,562,000 997,672,000 1,003,981,000 984,957,000 972,928,000 971,644,000 998,715,000 
      liabilities
    		             
      current liabilities:
    		             
      accounts payable
    		56,771,000 64,940,000 65,589,000 79,891,000 83,071,000 112,618,000 95,294,000 54,319,000 41,243,000 44,985,000 35,972,000 39,578,000 32,007,000 
      notes payable
    		47,901,000 51,756,000 56,314,000 48,388,000 63,355,000 63,374,000 39,329,000 50,114,000 67,804,000 68,441,000 72,811,000 76,605,000 70,677,000 
      accrued expenses and other current liabilities
    		104,136,000 98,456,000 104,202,000 142,773,000 137,231,000 148,284,000 121,816,000 116,449,000 93,147,000 66,720,000 79,520,000 66,793,000 61,103,000 
      advance from customers
    		44,204,000 43,678,000 42,950,000 40,810,000 41,276,000 43,087,000 54,482,000 53,058,000 53,059,000 54,207,000 6,589,000 4,558,000 3,601,000 
      amounts due to related parties
    		 5,000            
      short-term bank borrowings
    		86,241,000 70,666,000 66,177,000 60,034,000 41,034,000 35,392,000 24,818,000 18,117,000 21,842,000 17,398,000 7,029,000 8,807,000 13,335,000 
      income tax payables
    		653,000 652,000 656,000 653,000 653,000 655,000 652,000 653,000 658,000 658,000 655,000 661,000 667,000 
      total current liabilities
    		339,906,000 330,153,000 335,888,000 372,549,000 366,620,000 403,410,000 336,391,000 292,710,000 277,753,000 252,409,000 231,835,000 226,261,000 181,390,000 
      long-term bonds payable
    		41,693,000 43,157,000 43,157,000 43,157,000 43,157,000 43,157,000 43,888,000 43,888,000 43,888,000 43,888,000 43,888,000 43,888,000 73,147,000 
      long-term bank borrowings
    		41,302,000 41,062,000 53,397,000 34,203,000 43,031,000 43,761,000 30,839,000 31,029,000 29,122,000 28,997,000 37,956,000   
      warrant liability
    		64,000 290,000 1,000 3,000 25,000 67,000 151,000 109,000 109,000 126,000 184,000 285,000 1,540,000 
      share-based compensation liability
    		98,000 98,000 119,000 190,000 197,000 199,000 187,000 170,000 138,000 131,000 115,000 99,000 32,884,000 
      operating lease liabilities
    		14,793,000 14,596,000 16,326,000 16,363,000 16,234,000 17,087,000 16,951,000 18,003,000 15,825,000 14,347,000 13,530,000 14,936,000 16,146,000 
      convertible loan measured at fair value
    		60,996,000             
      other non-current liabilities
    		29,845,000 30,003,000 38,486,000 26,678,000 25,238,000 24,861,000 20,817,000 32,046,000 31,317,000 32,082,000 29,564,000 32,171,000 36,233,000 
      total liabilities
    		528,697,000 563,972,000 511,797,000 506,456,000 494,502,000 532,542,000 449,224,000 417,955,000 398,152,000 371,980,000 357,072,000 317,640,000 341,340,000 
      commitments and contingencies
    		             
      stockholders’ equity
    		             
      common stock
    		33,000  33,000 32,000 32,000 32,000 32,000 31,000 31,000 31,000 31,000 30,000 30,000 
      additional paid-in capital
    		1,513,685,000  1,512,410,000 1,506,031,000 1,493,139,000 1,481,241,000 1,468,173,000 1,452,189,000 1,434,221,000  1,398,171,000 1,378,774,000 1,320,367,000 
      statutory reserves
    		6,032,000  6,032,000 6,032,000 6,032,000  6,032,000 6,032,000 6,032,000  6,032,000 6,032,000 6,032,000 
      accumulated deficit
    		-1,031,168,000  -987,520,000 -1,000,767,000 -922,326,000  -872,965,000 -846,835,000 -820,746,000  -757,467,000 -720,923,000 -676,741,000 
      accumulated other comprehensive loss
    		-34,347,000  -21,752,000 -33,225,000 -30,731,000  -35,925,000 -33,745,000 -15,861,000     
      total equity
    		454,235,000  509,203,000 478,103,000 546,146,000  567,338,000 579,717,000 605,829,000     
      total liabilities and equity
    		982,932,000  1,021,000,000 984,559,000 1,040,648,000  1,016,562,000 997,672,000 1,003,981,000     
      short-term investments
    		     5,634,000 25,496,000 25,490,000 25,313,000 25,070,000    
      convertible loan with shareholder measured at fair value
    		 104,613,000 24,423,000           
      shareholders’ equity
    		             
      held-for-sale assets
    		  19,897,000 30,097,000          
      convertible loan with shareholder
    		   13,313,000          
      total microvast holding, inc. shareholders’ equity
    		      565,347,000 577,672,000 603,677,000     
      noncontrolling interests
    		      1,991,000 2,045,000 2,152,000     
      amounts due from related parties
    		             
      amount due from related parties
    		             
      bonds payable-current
    		          29,259,000 29,259,000  
      accumulated other comprehensive income/
    		          -30,911,000 -9,909,000  
      total shareholders’ equity
    		          615,856,000 654,004,000 657,375,000 
      total liabilities and shareholders’ equity
    		          972,928,000 971,644,000 998,715,000 
      restricted cash
    		           63,065,000 54,568,000 
      accumulated other comprehensive income
    		            7,687,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.