← BackMicrovast Holdings, Inc. · Miscellaneous Electrical Machinery, Equipment & SuppliesMVST
High riskNext report: Around Nov 9 (est.)
The short versionA company still losing money with steady sales. Institutions are adding.
Going well
- Sales up 13% last year
- Little debt
Watch out for
- Losing money
- Bills due within a year exceed short-term assets
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 9.4% to their holdings in the quarter ending June 2026 (84 bought, 78 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.48-4.0% that day
- Company value
- $185M
- Share price times all shares
- Price vs sales
- 0.50x
- No profit over the last year, so this compares value with sales instead
- Cash vs value
- 69%
- A big cushion: cash is a large part of what the company is worth
- Debt vs value
- 7%
- Debt as a share of company value
From MVST's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$87.3M-4.5% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $367.6M, down 13% from the 12 months before. Over 5 years, sales grew about 32% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-7.3%
- PassDebt under half of equityNot relying on borrowed money.0.03x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-6.8%
- MissProfitable every yearSteady profits, not one good year.1 of 7 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$56.1M
- MissShare count not growingNot diluting owners. Falling means buybacks.+7.1% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.28.6%
- Revenue
- $427.5M
- +12.6% vs prior year
- 5-year growth
- +31.8%/yr
- revenue, per year
- Total debt
- $13.2M
- 0.03x equity
- Current ratio
- 0.92x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $87.3M
- -4.5% YoY
- EPS
- -$0.03
- vs -$0.33
- Op. margin
- -2.0%
- -11.9 pts
- Gross margin
- 29.5%
- -5.2 pts
- Free cash flow
- -$21.8M
- Share count
- +7.8%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.6
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+9.4%Institutions added 9.4% to their holdings. 84 bought, 78 sold.
Shares held by institutions85.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+6.7%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.0x · $14.4M debtShares outstandingLatest reported
385MWhy high risk- Losing money
- Share count growing 6.7% a year
- Exchange listing notice (a delisting warning or a move to another exchange)
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
- Results filedAug 11
- Results filedMay 11
- Results filedMar 16
- Results filedNov 10, 2025
- Results filedAug 12, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldYang WuChief Executive Officer, Director, 10% owner
46,313 shares at $1.24 · $57K
- -0% of holdings
- Now owns 134,065,439 shares
- Not a pre-planned sale
- Filed 3 days after trade
SoldWenjuan MattisChief Technology Officer
4,705 shares at $1.10 · $5K
- -1% of holdings
- Now owns 927,973 shares
- Not a pre-planned sale
- Filed 2 days after trade
SoldIsida TushePres., Gen. Couns. & Corp. Sec, Director
6,403 shares at $1.24 · $8K
- -3% of holdings
- Now owns 184,100 shares
- Not a pre-planned sale
- Filed 3 days after trade
- Also: Stock award
ConversionYang WuChief Executive Officer, Director, 10% owner
50,000,000 shares at $0.50 · $25.0M
- +59% of holdings
- Now owns 134,111,752 shares
- Exercise price $0.50
- Filed 4 days after trade
SoldWenjuan MattisChief Technology Officer
48,346 shares at $1.32 · $64K
- -5% of holdings
- Now owns 932,678 shares
- Not a pre-planned sale
- Filed 2 days after trade