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Microvast revenue
Microvast's revenue is $379.8 million.
What is Microvast's revenue?
- Microvast's revenue growth from 2020 to 2024 is 253.24%.
- Microvast has 1,359 employees, and the revenue per employee ratio is $279,470.
- Microvast's peak quarterly revenue was $113.4M in 2024(q4).
- Microvast peak revenue was $379.8M in 2024.
- Microvast annual revenue for 2023 was 306.6M, 49.94% growth from 2022.
- Microvast annual revenue for 2024 was 379.8M, 23.87% growth from 2023.
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Microvast historical revenue
Microvast's peak revenue was $379.8M in 2024. The peak quarterly revenue was $113.4M in 2024(q4).
Microvast's revenue increased from $107.5m in 2020 to $379.8M currently. That's a 253.24% change in annual revenue.
Microvast annual revenue
Microvast annual revenue over time
| Fiscal year / year | Microvast revenue |
|---|---|
| 2020 | $107.5M |
| 2021 | $152.0M |
| 2022 | $204.5M |
| 2023 | $306.6M |
| 2024 | $379.8M |
How accurately did Microvast's revenue projections match actual performance?
Microvast annual growth
Microvast saw the greatest revenue growth in 2021, when revenue increased by 41.35%.
Microvast had the lowest revenue growth in 2022, when revenue changed by 34.56%.
Microvast annual growth rate over time
| Year | Microvast growth |
|---|---|
| 2021 | 41%↑ |
| 2022 | 35%↑ |
| 2023 | 50%↑ |
| 2024 | 24%↑ |
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Did Microvast meet its revenue projections?
Microvast financial information
| CEO | Wu Yang |
| Industry | Independent Power and Renewable Electricity Producers |
| Company Type | Public |
| Employees Number | 1,359 |
| Date Founded | 2006 |
| Headquarters | Stafford, Texas |
| Number of Locations | 1 |
| Revenue | $379.8M |
| Net Income | -$158,200,000 |
| Gross Proft | $119.6M (2024) |
| Tax Rate | -0.0% |
| Total Assets | $984,957,000 |
| Ticker | MVST |
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Microvast financing
Microvast received early financing of $50.0M on 2011-07-18.
| Series | Round size | Date |
|---|---|---|
| Series Unknown | $50M | 07/2011 |
| Series Unknown | $400M | 04/2017 |
| Post Ipo Equity | $540M | 07/2021 |
Microvast investors
| Investors | Security type |
|---|---|
| IFC Venture Capital Group | Series Unknown |
| CDH Investments | Series Unknown |
| CITIC Securities | Series Unknown |
| National Venture Capital Association | Series Unknown |
| Koch Strategic Platforms | Post Ipo Equity |
| Interprivate | Post Ipo Equity |
| Oshkosh Corporation | Post Ipo Equity |
| BlackRock, Inc. | Post Ipo Equity |
Microvast competitors
Microvast's top competitor, A123 Systems, earned an annual revenue of $826.7M.
Microvast's smallest competitor is Enevate with revenue of $9.8M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Farasis Energy | $92,510 | $60.0M | 160 | 2 |
| NEC Energy Solutions | $52,507 | $49.1M | 99 | - |
| Aquion Energy | $66,627 | $9.5M | 300 | - |
| EnerDel | $87,435 | $20.0M | 164 | - |
| A123 Systems | $70,118 | $826.7M | 2,000 | 19 |
| Ener1 Inc | $43,102 | - | 80 | - |
| Boston-Power | $81,441 | $16.2M | 114 | - |
| Enevate | $63,021 | $9.8M | 58 | - |
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Zippia gives an in-depth look into the details of Microvast, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Microvast. The employee data is based on information from people who have self-reported their past or current employments at Microvast. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Microvast. The data presented on this page does not represent the view of Microvast and its employees or that of Zippia.
Microvast may also be known as or be related to Microvast and Microvast, Inc.