Quick Answer
Microvast Holdings, Inc. reported R&D Expense of $34.11 million for fiscal year 2025.
Microvast Holdings, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $34.11M | -16.9% |
| 2024 | $41.06M | -8.8% |
| 2023 | $45.00M | +3.4% |
| 2022 | $43.51M | +26.5% |
| 2021 | $34.38M | +106.7% |
| 2020 | $16.64M | -36.0% |
| 2019 | $26.00M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $7.76M | -27.5% | +0.5% |
| June 30, 2025 | $7.72M | -23.6% | -6.4% |
| March 31, 2025 | $8.25M | -28.2% | -22.9% |
| September 30, 2024 | $10.69M | -19.3% | +5.8% |
| June 30, 2024 | $10.11M | +6.3% | -12.1% |
| March 31, 2024 | $11.49M | +5.8% | -13.2% |
| September 30, 2023 | $13.24M | +15.6% | +39.3% |
| June 30, 2023 | $9.51M | -7.2% | -12.5% |
- Microvast Holdings, Inc. showed a decrease of -16.9% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Microvast Holdings, Inc.’s r&d expense has grown by 31.2% (from $26.00 million to $34.11 million).
- The most recent figure is from Microvast Holdings, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 16, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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