MVST Stock Is Down 46% This Year and a $32.5M Inventory Hit Explains a Lot

MVST Stock Is Down 46% This Year and a $32.5M Inventory Hit Explains a Lot

Quick Read Microvast (MVST) reported Q4 2025 revenue of $96.4 million, missing consensus by $37.35 million (26.6%), while a $32.5 million inventory impairment charge slashed gross margin by 7.6 percentage points despite full-year adjusted EBITDA swinging to positive $44.7 million. Oshkosh (OSK) is partnering with Microvast through a joint venture to activate a Clarksville, TN factory eligible for IRA 45X tax credits of $10 per kWh, positioning …