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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues $ 123,287 $ 101,388 $ 331,117 $ 266,414
Cost of revenues (76,875) (67,776) (209,966) (188,382)
Gross profit 46,412 33,612 121,151 78,032
Operating expenses:        
General and administrative expenses (19,663) (11,841) (34,113) (59,146)
Research and development expenses (7,757) (10,692) (23,724) (32,291)
Selling and marketing expenses (6,006) (4,963) (16,229) (15,580)
Impairment loss of long-lived assets (36) (12) (1,400) (88,039)
Total operating expenses (33,462) (27,508) (75,466) (195,056)
Subsidy income 44 1,082 2,455 2,351
Profit/(loss) from operations 12,994 7,186 48,140 (114,673)
Other income and expenses:        
Interest income 236 186 611 551
Interest expense (1,255) (4,290) (3,695) (8,116)
Changes in fair value of warrant liability and convertible loan (12,641) 2,766 (91,002) 1,240
Gain on debt restructuring 0 7,709 792 8,157
Other (expense) income, net (84) (310) 356 (293)
(Loss)/profit before provision for income taxes (750) 13,247 (44,798) (113,134)
Income tax expense (739) 0 (959) 0
Net (loss)/profit (1,489) 13,247 (45,757) (113,134)
Net (loss)/profit attributable to Microvast Holdings, Inc.'s stockholders $ (1,489) $ 13,247 $ (45,757) $ (113,134)
Net (loss)/profit per common share        
Basic net (loss)/profit per share (in dollars per share) $ 0 $ 0.04 $ (0.14) $ (0.36)
Diluted net (loss)/profit per share (in dollars per share) $ 0 $ 0.03 $ (0.14) $ (0.36)
Weighted average shares used in calculating net (loss)/profit per share of common stock        
Weighted average shares used in calculating net (loss)/profit per share of common stock, basic (in shares) 323,755,691 320,545,388 323,611,063 317,153,113
Weighted average shares used in calculating net (loss)/profit per share of common stock, diluted (in shares) 323,755,691 367,031,181 323,611,063 317,153,113