Jun 2026 (Q2 FY26) — Aug 10, 2026
Microvast Q2 FY26 — Revenue Decline Offset by European Growth and R&D Progress
Read the full callMicrovast earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 87.3 | −4.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -2.0 | −11.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -12.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $5.83 on 17 Oct 2025 → $0.51. High $6.05 (20 Oct 2025), low $0.51 (19 Oct 2026).
Overview
Call summaries
Microvast Q2 FY26 — Revenue Decline Offset by European Growth and R&D Progress
Read the full callEvery analysed call
Financials
Net profit, year on year: +89% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 101 | 113 | 116 | 91 | 123 | 96 | 61 | 87 |
| Operating profit | 7 | -1 | 15 | 9 | 13 | -41 | -8 | -2 |
| Operating margin | 7.1% | −1.3% | 13.1% | 9.9% | 10.5% | −42.7% | −13.1% | −2.0% |
| Other income | -0 | -8 | 0 | 0 | -0 | -0 | — | — |
| Interest | 4 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 13 | -82 | 62 | -106 | -1 | 10 | — | — |
| Tax rate | 0.0% | 0.0% | 0.0% | −0.2% | −98.5% | −61.3% | — | — |
| Net profit | 13 | -82 | 62 | -106 | -1 | 17 | — | -12 |
| EPS ($ per share) | 0.04 | — | 0.19 | -0.33 | 0 | — | 0.15 | -0.03 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 3 | -398 | -632 | -791 | -898 | -1,093 | -1,122 |
| Total liabilities | 1 | 389 | 309 | 372 | 533 | 564 | 595 |
| Fixed assets | — | 198 | 253 | 335 | 621 | 478 | 508 |
| Investments | 280 | — | 0 | 25 | 6 | 0 | — |
| Total assets | 280 | 405 | 995 | 985 | 1,097 | 952 | 1,005 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 13 | 16 | -45 | -54 | -75 | 3 | 76 |
| Cash from investing | -4 | -18 | -88 | -176 | -166 | -12 | -16 |
| Cash from financing | -52 | -1 | 625 | 5 | 33 | 38 | -3 |
| Net cash flow | -44 | -1 | 495 | -233 | -214 | 21 | 60 |
| Capital expenditure | -20 | -19 | -88 | -151 | -187 | -28 | -20 |
| Free cash flow | -7 | -3 | -133 | -205 | -262 | -25 | 56 |
23 filings between Nov 25, 2025 and Jun 10, 2026.
Purchases
None
No insider bought shares.
Sales
$178.4K
7 sales by 5 insiders
43% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 conversion.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Mattis Wenjuan | — | $69.0K | Jun 10, 2026 |
| Wu Yang | — | $57.4K | Jun 9, 2026 |
| Pan Yixin | — | $34.8K | Dec 31, 2025 |
| Worthen Rodney | — | $9.3K | Nov 25, 2025 |
| Tushe Isida | — | $7.9K | Jun 9, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 10, 2026 | Mattis Wenjuan Chief Technology Officer | Sale | 4,705 | $5.2K |
| Jun 9, 2026 | Tushe Isida Pres., Gen. Couns. & Corp. Sec | Sale | 6,403 | $7.9K |
| Jun 9, 2026 | Wu Yang Chief Executive Officer | Sale | 46,313 | $57.4K |
| May 28, 2026 | Wu Yang Chief Executive Officer | Conversion | 50,000,000 | $25.00M |
| May 18, 2026 | Mattis Wenjuan Chief Technology Officer | Sale | 48,346 | $63.8K |
| Apr 1, 2026 | Wong Arthur Lap Tat Director | Award | 20,000 | — |
| Apr 1, 2026 | Pan Yixin Director | Award | 20,000 | — |
| Apr 1, 2026 | Ying Wei Director | Award | 20,000 | — |
| Mar 13, 2026 | Wu Shengxian Chief Operating Officer | Award | 15,503 | — |
| Mar 13, 2026 | Wu Yang Chief Executive Officer | Award | 93,135 | — |
| Mar 13, 2026 | Mattis Wenjuan Chief Technology Officer | Award | 10,335 | — |
| Mar 10, 2026 | Tushe Isida Pres., Gen. Couns. & Corp. Sec | Award | 15,503 | — |
| Mar 2, 2026 | Wu Shengxian Chief Operating Officer | Award | 60,000 | — |
| Mar 2, 2026 | Mattis Wenjuan Chief Technology Officer | Award | 112,500 | — |
| Jan 9, 2026 | Worthen Rodney Chief Financial Officer | Award 10b5-1 plan | 85,714 | — |
| Jan 9, 2026 | Garcia Eric Chief Accounting Officer | Award | 28,571 | — |
| Jan 1, 2026 | Ying Wei Director | Award | 30,357 | — |
| Jan 1, 2026 | Ying Wei Director | Award | 37,500 | — |
| Jan 1, 2026 | Pan Yixin Director | Award | 37,500 | — |
| Jan 1, 2026 | Wong Arthur Lap Tat Director | Award | 37,500 | — |
| Dec 31, 2025 | Pan Yixin Director | Sale 10b5-1 plan | 11,935 | $32.9K |
| Dec 31, 2025 | Pan Yixin Director | Sale 10b5-1 plan | 661 | $1.8K |
| Nov 25, 2025 | Worthen Rodney Chief Financial Officer | Sale 10b5-1 plan | 2,671 | $9.3K |
| Aug 10, 2025 | Worthen Rodney Chief Financial Officer | Award 10b5-1 plan | 15,000 | — |
| Jul 23, 2025 | Ying Wei Director | Award | 661 | — |
| Jul 23, 2025 | Ying Wei Director | Award | 662 | — |
| Jun 10, 2025 | Ying Wei Director | Award | 2,643 | — |
| Jun 10, 2025 | Pan Yixin Director | Award | 2,643 | — |
| Jun 10, 2025 | Wong Arthur Lap Tat Director | Award | 2,643 | — |
| Jun 5, 2025 | Wu Shengxian Chief Operating Officer | Award | 75,000 | — |
| Jun 5, 2025 | Tushe Isida Pres., Gen. Couns. & Corp. Sec | Award | 75,000 | — |
| Jun 5, 2025 | Schultz Carl Theobold Chief Financial Officer | Award | 35,000 | — |
| Jun 5, 2025 | Wu Yang Chief Executive Officer | Award | 450,581 | — |
| Jun 5, 2025 | Mattis Wenjuan Chief Technology Officer | Award | 50,000 | — |
| Jun 2, 2025 | Schultz Carl Theobold Chief Financial Officer | Award | 35,000 | — |
| Jan 23, 2025 | Wu Shengxian Chief Operating Officer | Award | 100,000 | — |
| Jan 23, 2025 | Pan Yixin Director | Award | 47,738 | — |
| Jan 23, 2025 | Wong Arthur Lap Tat Director | Award | 47,738 | — |
| Jan 23, 2025 | Wu Yang Chairman & CEO | Award | 31,083 | — |
| Jan 23, 2025 | Gao Lu Chief Accounting Officer | Award | 1,483 | — |
| Jan 23, 2025 | Mattis Wenjuan Chief Technology Officer (CTO) | Award | 100,000 | — |
| Jan 23, 2025 | Mattis Wenjuan Chief Technology Officer (CTO) | Award | 5,651 | — |
| Jan 23, 2025 | Tushe Isida Pres., Gen. Couns. & Corp. Sec | Award | 100,000 | — |
| Jan 23, 2025 | Ying Wei Director | Award | 47,738 | — |
| Jan 20, 2025 | Wu Shengxian Chief Operating Officer | Award | 3,296 | — |
| Jan 1, 2025 | Ying Wei Director | Award | 38,647 | — |
| Dec 5, 2024 | Wu Yang Chairman & CEO | Award | 500,000 | — |
| Nov 19, 2024 | Pan Yixin Director | Award | 92,954 | — |
| Jul 23, 2024 | Mattis Wenjuan Chief Technology Officer (CTO) | Option exercise | 143,041 | $0 |
| Jan 31, 2023 | Wu Shengxian Chief Operating Officer | Award | 40,000 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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