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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 91,339 $ 83,675 $ 207,830 $ 165,026
Cost of revenues (59,616) (56,480) (133,091) (120,606)
Gross profit 31,723 27,195 74,739 44,420
Operating expenses:        
General and administrative expenses (3,997) (23,511) (14,450) (47,305)
Research and development expenses (7,719) (10,107) (15,967) (21,599)
Selling and marketing expenses (3,424) (5,026) (10,223) (10,617)
Impairment of Long-Lived Assets to be Disposed of (1,364) (88,027) (1,364) (88,027)
Total operating expenses (16,504) (126,671) (42,004) (167,548)
Subsidy income 995 735 2,411 1,269
Profit/(loss) from operations 16,214 (98,741) 35,146 (121,859)
Other income and expenses:        
Interest income 198 246 375 365
Interest expense (1,252) (2,094) (2,440) (3,826)
Changes in fair value of warrant liability and convertible loan (121,521) (1,568) (78,361) (1,526)
Gain on debt restructuring 403 448 792 448
Other income, net 120 153 440 17
Loss before provision for income taxes (105,838) (101,556) (44,048) (126,381)
Income tax expense (220) 0 (220) 0
Net loss (106,058) (101,556) (44,268) (126,381)
Net loss attributable to Microvast Holdings, Inc.'s stockholders $ (106,058) $ (101,556) $ (44,268) $ (126,381)
Net loss per common share        
Basic net profit/(loss) per share (in dollars per share) $ (0.33) $ (0.32) $ (0.14) $ (0.40)
Diluted net profit/(loss) per share (in dollars per share) $ (0.33) $ (0.32) $ (0.14) $ (0.40)
Weighted average shares used in calculating net loss per share of common stock        
Weighted average shares used in calculating net profit/(loss) per share of common stock, basic (in shares) 323,643,200 315,509,552 323,537,551 315,438,336
Weighted average shares used in calculating net profit/(loss) per share of common stock, diluted (in shares) 323,643,200 315,509,552 323,537,551 315,438,336