Symbols

VFS

VinFast Auto·NASDAQ

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VFS fundamentals

VFS Q4 2025 Earnings

VinFast Auto (VFS) released its earnings on Mar 16, 2026: revenue was 1.57B (YoY +131.44%), beat estimates; EPS was -0.6 (YoY -11.11%), missed estimates.

Revenue / YoY

1.57B

+131.44%

EPS / YoY

-0.6

-11.11%

Report date

Mar 16, 2026

VFS Earnings Call Summary for Q4,2025

Revenue Growth: 2025 EV deliveries exceeded 196,000, with Q4 at 86,557 units. 2026 target: 300,000 EVs, supported by new models and international expansion.
Gross Margin Improvement: BOM cost reduction (13-23% in key models) and scale driving 2026 margin expansion. Path to positive gross margin via next-gen platforms.
Strategic Investments: $1.6B CapEx for 2026, including North Carolina factory resumption. Collaboration with Tensor for autonomous vehicles and EE 2.0 cost optimization.
E-Scooter Expansion: 2026 e-scooter deliveries to grow 2.5x, with Vietnam and 5 Asian markets as key drivers. V-Green battery swapping network to enhance adoption.
Technology Leadership: Transitioning to EE 2.0 for 20-30% BOM cost reduction. Testing AI-driven robotics in factories for efficiency gains.

Earnings

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Revenue

Revenue & Expenses

VFS has released its 2025 Q4 earnings report, with revenue of 1.57B, reflecting a YoY change of 131.47%, and net profit of -1.40B, showing a YoY change of -11.47%. The Sankey diagram below clearly presents VFS's revenue sources and cost distribution.

Key Indicators

VinFast Auto (VFS) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

VinFast Auto (VFS)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

VinFast Auto (VFS)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

VinFast Auto (VFS)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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