Microvast (MVST) Revenue & Revenue Breakdown


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Microvast Revenue Highlights


Latest Revenue (Y)

$306.62M

Latest Revenue (Q)

$101.39M

Main Geography (Y)

Asia Pacific

Microvast Revenue by Period


Microvast Revenue by Year

DateRevenueChange
2023-12-31$306.62M49.94%
2022-12-31$204.50M34.56%
2021-12-31$151.98M41.35%
2020-12-31$107.52M40.67%
2019-12-31$76.43M100.00%
2018-12-31--

Microvast generated $306.62M in revenue during NA 2023, up 49.94% compared to the previous quarter, and up Infinity% compared to the same period a year ago.

Microvast Revenue by Quarter

DateRevenueChange
2024-09-30$101.39M21.17%
2024-06-30$83.67M2.86%
2024-03-31$81.35M-22.21%
2023-12-31$104.58M30.53%
2023-09-30$80.12M6.89%
2023-06-30$74.95M59.57%
2023-03-31$46.97M-27.51%
2022-12-31$64.80M67.80%
2022-09-30$38.62M-40.05%
2022-06-30$64.41M75.67%
2022-03-31$36.67M-45.08%
2021-12-31$66.77M80.98%
2021-09-30$36.89M10.55%
2021-06-30$33.37M123.40%
2021-03-31$14.94M-68.96%
2020-12-31$48.12M56.47%
2020-09-30$30.75M41.73%
2020-06-30$21.70M212.25%
2020-03-31$6.95M-77.45%
2019-12-31$30.82M100.00%
2019-09-30-100.00%
2019-06-30-100.00%
2019-03-31--

Microvast generated $101.39M in revenue during Q3 2024, up 21.17% compared to the previous quarter, and up 135.27% compared to the same period a year ago.

Microvast Revenue Breakdown


Microvast Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
Europe$84.36M$15.81M$19.54M
INDIA$60.61M$47.32M$17.80M
ITALY$56.59M$6.39M-
Other European Countries$24.26M$5.44M-
PRC$156.48M$132.47M-
UNITED STATES$3.13M$3.65M-
Asia Pacific$219.13M$185.03M$131.52M
OtherMember--$918.00K
OtherCountriesOneMember--$8.16M
OtherCountriesMember--$8.17M
PeoplesRepublicOfChinaMember--$93.33M

Microvast's latest annual revenue breakdown by geography, as of Dec 23: Asia Pacific (36.25%), PRC (25.88%), Europe (13.95%), INDIA (10.02%), ITALY (9.36%), Other European Countries (4.01%), and UNITED STATES (0.52%).

Quarterly Revenue by Country

CountrySep 24Dec 23Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Sep 21
Europe$59.48M$45.80M$19.03M$9.34M$10.19M$3.43M$4.88M$2.75M$4.91M
UNITED STATES$2.64M$943.00K$182.00K$974.00K$1.03M$1.25M$966.00K$675.00K-
PRC$28.72M$41.46M$36.29M$46.12M$32.61M$26.54M$33.95M--
Asia And Pacific$39.27M$60.90M$64.64M$35.76M-----
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 Sep 24: Europe (45.72%), Asia And Pacific (30.18%), PRC (22.07%), and UNITED STATES (2.03%).

Microvast Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
BEBloom Energy$1.33B$330.40M
MVSTMicrovast$306.62M$101.39M
CBATCBAK Energy$204.44M$47.79M
FCELFuelCell Energy$123.39M$23.70M
DFLIDragonfly Energy$64.39M$12.72M
SLDPSolid Power$17.41M$15.68M
EOSEEos Energy Enterprises$16.38M$854.00K
ENVXEnovix$263.00K$3.77M
FREYFREYR Battery--
PLUGPlug Power-$143.35M

MVST Revenue FAQ


What is Microvast’s yearly revenue?

Microvast's yearly revenue for 2023 was $306.62M, representing an increase of 49.94% compared to 2022. The company's yearly revenue for 2022 was $204.5M, representing an increase of 34.56% compared to 2021. MVST's yearly revenue for 2021 was $151.98M, representing an increase of 41.35% compared to 2020.

What is Microvast’s quarterly revenue?

Microvast's quarterly revenue for Q3 2024 was $101.39M, a 21.17% increase from the previous quarter (Q2 2024), and a 26.55% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $83.68M, a 2.86% increase from the previous quarter (Q1 2024), and a 11.64% increase year-over-year (Q2 2023). MVST's quarterly revenue for Q1 2024 was $81.35M, a -22.21% decrease from the previous quarter (Q4 2023), and a 73.19% increase year-over-year (Q1 2023).

What is Microvast’s revenue growth rate?

Microvast's revenue growth rate for the last 3 years (2021-2023) was 101.75%, and for the last 5 years (2019-2023) was 301.15%.