Key Highlights

  • Microvast Holdings (NASDAQ:MVST) dropped 63.72% on November 10, 2026 after quarterly figures released on November 9. iHeartMedia (NASDAQ:IHRT) trailed with a 61.58% decline after publishing its own report.
  • FutureFuel (NYSE:FF) lost 43.98% to USD 2.84, Digital Turbine lost 35.58% to USD 7.28, and Exagen gave up 25.99% to USD 5.26 on the day it reported results.
  • Trading Volume ran from 567,840 shares at one name to 16.14 million at another, with relative volume between 1.40 and 13.44, so crowd size did not line up with the depth of the fall.
  • Debt of USD 5,024.3 million at one company, USD 177.0 million at another and USD 353.6 million at a third shows how Leverage and thin Equity amplified the reaction to results.

Microvast Holdings (NASDAQ:MVST): Down 63.72% on Third-Quarter Results and Going Concern Language

Microvast Holdings (NASDAQ:MVST) finished at USD 0.2240, a 63.72% decline from a calculated prior close of USD 0.6174, after third-quarter results released on November 9. Revenue dropped 62.8% to USD 45.8 million from USD 123.3 million, the net loss grew to USD 76.8 million from USD 1.5 million, and gross Margin sank to 5.2% from 37.6% following a USD 9.3 million inventory write-down. The release stated that substantial doubt about going concern has not been alleviated and offered no numerical guidance. As general context, a going concern warning can make lenders and customers cautious. Volume was 16.14 million shares, a relative volume of 4.01. Calculated Market Value fell to about USD 86.1 million on 384.5 million shares, which puts total Debt of USD 177.0 million near 2.1 times that figure. Dilution and a sub-dollar price are risks for Microvast Holdings (NASDAQ:MVST), and the fall gives no sign of a rebound.

iHeartMedia (NASDAQ:IHRT): Down 61.58% on Third-Quarter Results and a Wide Fourth-Quarter Guide

iHeartMedia (NASDAQ:IHRT) finished at USD 0.68, a 61.58% decline from a calculated prior close of USD 1.77, after results released on November 9. Revenue grew 3.3% to USD 1,029.8 million, yet adjusted EBITDA slid 16.7% to USD 170.5 million from USD 204.8 million, and fourth-quarter adjusted EBITDA was guided at USD 135 million to USD 185 million. The release does not link the decline to a single item. As general context, shrinking margins weigh on indebted media companies because interest costs soak up cash flow. Total debt of USD 5,024.3 million compares with a calculated closing equity value near USD 105.3 million, about 48 times. The snapshot market value of USD 321.01 million fails to reconcile with the share count and is left out. Volume was 11.31 million shares, a relative volume of 13.44. Refinancing and Advertising cycles are risks for iHeartMedia (NASDAQ:IHRT), and a drop this large says nothing about the later direction.

FutureFuel (NYSE:FF): Down 43.98% on Third-Quarter Results Showing a Loss Despite Higher Revenue

FutureFuel (NYSE:FF) finished at USD 2.84, a 43.98% decline from a calculated prior close of USD 5.07, after results released on November 9. Revenue grew 361.3% to USD 104.7 million from USD 22.7 million, yet the net loss was USD 8.4 million, or USD 0.19 per diluted share, and the gross loss was USD 5.4 million. Adjusted EBITDA came in at negative USD 4.9 million, and management expects about USD 7.0 million in the fourth quarter. The release does not tie the fall to one item. As general context, greater volume with negative margins can let down investors hoping that sales growth becomes profit. Market value is USD 124.57 million on 43,863,318 shares, cash is USD 21.3 million with nothing drawn on the USD 35 million revolver, and the Dividend Yield is 2.76%. Volume was 1.93 million shares, a relative volume of 3.54. Swings in biofuel margins and cash burn are risks for FutureFuel (NYSE:FF).

Digital Turbine (NASDAQ:APPS): Down 35.58% on Margin Compression and Flat EBITDA Guidance

Digital Turbine (NASDAQ:APPS) finished at USD 7.28, a 35.58% decline from a calculated prior close of USD 11.30, after fiscal second quarter results released November 9, 2026. Revenue grew 27% to USD 178.7 million versus a USD 166.75 million consensus, and adjusted EBITDA grew 46% to USD 39.8 million. Published coverage linked the decline to margins and the profit outlook: adjusted gross margin eased to 43% from 47%, and fiscal 2027 revenue guidance of USD 670 million to USD 690 million arrived with adjusted EBITDA unchanged at USD 145 million to USD 155 million. The company also restated the June 2026 quarter for USD 3.5 million of understated revenue share expense and disclosed a material weakness. This is general context and not a confirmed single cause. Market value is USD 886.14 million and volume was 7.64 million shares, a relative volume of 1.94. Debt near USD 353.6 million versus USD 51.6 million of cash and a Beta around 3.03 are risks for Digital Turbine (NASDAQ:APPS).

Exagen (NASDAQ:XGN): Down 25.99% on Third-Quarter Results and Unchanged Guidance

Exagen (NASDAQ:XGN) finished at USD 5.26, a 25.99% decline from a calculated prior close of USD 7.11, on the day of its third-quarter release. Revenue was USD 18.4 million, up 7% from USD 17.2 million, the net loss was USD 6.3 million versus USD 7.1 million, and gross margin was 58.8%. Guidance of USD 72 million to USD 75 million for 2026 was repeated and not raised, which points to fourth-quarter revenue of about USD 16.3 million to USD 19.3 million (calculated). Published coverage does not say which element of the release drove the selling, so the connection is an inference. Volume was 567,840 shares, a relative volume of 1.40, on a USD 127.3 million market value, and cash of USD 28.1 million is about 22% of that (calculated). Test reimbursement and continued losses are risks for Exagen (NASDAQ:XGN), and a small-cap can bounce back after a big one-day drop.

Where Things Stand

The five largest earnings-led decliners on November 10, 2026 were Microvast, iHeartMedia, FutureFuel, Digital Turbine and Exagen, headed by Microvast Holdings (NASDAQ:MVST) at -63.72%. What ties them together is a Quarterly Report that disappointed on profit, guidance or solvency, so the selling tracked the numbers. Big one-day swings in thinly traded names can reverse the next session because a handful of orders set the price and early sellers may be finished. The lists draw on a published screener snapshot of the regular session of November 10, 2026, and nothing here forecasts where any stock heads next.