Microvast (MVST) Revenue & Revenue Breakdown
Microvast Revenue Highlights
Latest Revenue (Y)
$306.62M
Latest Revenue (Q)
$83.67M
Main Geography (Y)
Asia Pacific
Microvast Revenue by Period
Microvast Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 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 | 100.00% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 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 $83.67M in revenue during Q2 2024, up 2.86% compared to the previous quarter, and up 178.13% compared to the same period a year ago.
Microvast Revenue Breakdown
Microvast Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 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
| Country | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Sep 21 |
|---|---|---|---|---|---|---|---|---|
| UNITED STATES | $943.00K | $182.00K | $974.00K | $1.03M | $1.25M | $966.00K | $675.00K | - |
| PRC | $41.46M | $36.29M | $46.12M | $32.61M | $26.54M | $33.95M | - | - |
| Europe | $45.80M | $19.03M | $9.34M | $10.19M | $3.43M | $4.88M | $2.75M | $4.91M |
| Asia And Pacific | - | $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 Dec 23: Europe (51.93%), PRC (47.00%), and UNITED STATES (1.07%).
Microvast Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BE | Bloom Energy | $1.33B | $335.77M |
| MVST | Microvast | $306.62M | $83.67M |
| CBAT | CBAK Energy | $204.44M | $47.79M |
| FCEL | FuelCell Energy | $123.39M | $23.70M |
| DFLI | Dragonfly Energy | $64.39M | $13.21M |
| SLDP | Solid Power | $17.41M | $5.08M |
| EOSE | Eos Energy Enterprises | $16.38M | $898.00K |
| ENVX | Enovix | $263.00K | $200.00K |
| FREY | FREYR Battery | - | - |
| PLUG | Plug 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 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). The company'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). MVST's quarterly revenue for Q4 2023 was $104.58M, a 30.53% increase from the previous quarter (Q3 2023), and a 61.39% increase year-over-year (Q4 2022).
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%.