VFS
VinFast Auto·NASDAQ
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VFS fundamentals
During Q4 2025, VinFast Auto (VFS) reported revenue of 1.57B, a YoY change of 131.47%. Net income was -1.40B, a YoY change of -11.47%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
Q1,2021 | Q2,2021 | Q3,2021 | Q4,2021 | Q1,2022 | Q2,2022 | Q3,2022 | Q4,2022 | Q1,2023 | Q2,2023 | Q3,2023 | Q4,2023 | Q1,2024 | Q2,2024 | Q3,2024 | Q4,2024 | Q1,2025 | Q2,2025 | Q3,2025 | Q4,2025 | TTM |
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Start Date | Mar 3, 2021 | Apr 1, 2021 | Jul 1, 2021 | Oct 1, 2021 | Jan 1, 2022 | Apr 1, 2022 | Jul 1, 2022 | Oct 1, 2022 | Jan 1, 2023 | Apr 1, 2023 | Jul 1, 2023 | Oct 1, 2023 | Jan 1, 2024 | Apr 1, 2024 | Jul 1, 2024 | Oct 1, 2024 | Jan 1, 2025 | Apr 1, 2025 | Jul 1, 2025 | Oct 1, 2025 | -- |
End Date | Mar 31, 2021 | Jun 30, 2021 | Sep 30, 2021 | Dec 31, 2021 | Mar 31, 2022 | Jun 30, 2022 | Sep 30, 2022 | Dec 31, 2022 | Mar 31, 2023 | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Mar 31, 2024 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | -- |
Fiscal Year-End | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | -- |
Revenue | -- -- | -- -- | -- -- | 0 -- | 167.90M -- | 148.82M -- | 136.03M -- | 189.10M -- | 83.25M -50.42% | 333.99M +124.43% | 342.67M +151.90% | 407.08M +115.28% | 271.87M +226.58% | 357.39M +7.01% | 511.67M +49.32% | 677.84M +66.51% | 656.49M +141.48% | 663.04M +85.53% | 718.58M +40.44% | 1.57B +131.47% | 3.61B -- |
Sales and Services Revenue | -- -- | -- -- | -- -- | -- -- | 167.90M -- | 148.82M -- | 136.03M -- | 145.15M -- | 83.25M -50.42% | 333.99M +124.43% | 342.67M +151.90% | 407.08M +180.47% | 271.87M +226.58% | 357.39M +7.01% | 511.67M +49.32% | 677.84M +66.51% | 656.49M +141.48% | 663.04M +85.53% | 718.58M +40.44% | 1.57B +131.47% | 3.61B -- |
Cost of Revenue | -- -- | -- -- | -- -- | 0 -- | 280.80M -- | 258.06M -- | 283.26M -- | 345.35M -- | 226.41M -19.37% | 475.83M +84.39% | 435.07M +53.59% | 605.30M +75.27% | 431.38M +90.53% | 581.48M +22.20% | 634.46M +45.83% | 1.21B +100.60% | 887.45M +105.72% | 935.49M +60.88% | 1.12B +76.88% | 2.20B +80.79% | 5.14B -- |
Cost of Goods and Services | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 1.14B -- | -- -- | -- -- | 435.07M -- | 605.30M -47.01% | 431.38M -- | 581.48M -- | 634.46M +45.83% | 1.21B +100.60% | 887.45M +105.72% | 935.49M +60.88% | 1.12B +76.88% | 2.20B +80.79% | 5.14B -- |
Gross Profit | -- -- | -- -- | -- -- | -- -- | -112.91M -- | -109.24M -- | -147.22M -- | -189.28M -- | -143.16M -26.80% | -141.84M -29.85% | -92.40M +37.24% | -198.21M -4.72% | -159.51M -11.42% | -224.09M -57.98% | -122.78M -32.89% | -536.41M -170.62% | -230.95M -44.79% | -272.45M -21.58% | -403.65M -228.76% | -626.29M -16.76% | -1.53B -- |
Operating Expenses | 13.15K -- | 9.24K -- | 6.03M -- | -- -- | 236.47M +1797705.43% | 390.12M +4221035.98% | 272.72M +4422.79% | 451.04M -- | 322.29M +36.29% | 270.42M -30.68% | 288.81M +5.90% | 304.20M -32.56% | 258.31M -19.85% | 328.11M +21.33% | 214.34M -25.79% | 443.68M +45.85% | 254.59M -1.44% | 251.30M -23.41% | 286.61M +33.72% | 529.89M +19.43% | 1.32B -- |
Selling, General and Administrative Expenses | 13.15K -- | 9.24K -- | 6.03M -- | -- -- | 80.45M +611519.60% | 67.35M +728683.94% | 82.38M +1266.18% | 173.26M -- | 105.65M +31.33% | 118.21M +75.50% | 117.07M +42.11% | 131.83M -23.91% | 127.36M +20.55% | 158.15M +33.79% | 143.67M +22.72% | 268.43M +103.62% | 151.00M +18.56% | 135.75M -14.17% | 171.98M +19.70% | 390.62M +45.52% | 849.34M -- |
Selling and Marketing Expenses | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 221.19M -- | -- -- | -- -- | 60.69M -- | 68.30M -69.12% | 71.37M -- | 62.78M -- | 85.10M +40.22% | 111.33M +63.01% | 63.34M -11.26% | 84.91M +35.25% | 72.93M -14.30% | 58.49M -47.47% | 279.66M -- |
General and Administrative Expenses | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 178.31M -- | -- -- | -- -- | 56.39M -- | 63.53M -64.37% | 55.99M -- | 95.37M -- | 58.58M +3.89% | 157.11M +147.28% | 87.66M +56.56% | 50.84M -46.70% | 99.05M +69.10% | 332.13M +111.40% | 569.68M -- |
Research and Development Expenses | -- -- | -- -- | -- -- | -- -- | 154.83M -- | 297.32M -- | 153.60M -- | 303.03M -- | 219.47M +41.75% | 145.91M -50.92% | 149.23M -2.85% | 132.71M -56.21% | 108.01M -50.79% | 109.75M -24.78% | 86.83M -41.81% | 110.05M -17.07% | 81.15M -24.87% | 93.22M -15.06% | 106.36M +22.50% | 114.23M +3.79% | 394.96M -- |
Other Operating Expenses | -- -- | -- -- | -- -- | -- -- | 1.19M -- | 25.44M -- | 36.75M -- | -25.25M -- | -2.83M -338.13% | 6.30M -75.24% | 22.51M -38.74% | 39.66M +257.12% | 22.93M +909.33% | 60.21M +855.70% | -16.17M -171.81% | 65.19M +64.35% | 22.44M -2.12% | 22.34M -62.90% | 8.27M +151.16% | 25.05M -61.58% | 78.10M -- |
Operating Income | -13.15K -- | -9.24K -- | -6.03M -- | -- -- | -349.37M -2656111.27% | -499.35M -5402995.69% | -419.95M -6864.32% | -640.32M -- | -465.45M -33.22% | -412.26M +17.44% | -381.20M +9.23% | -502.41M +21.54% | -417.82M +10.23% | -552.20M -33.94% | -337.12M +11.56% | -980.08M -95.07% | -485.54M -16.21% | -523.75M +5.15% | -690.27M -104.75% | -1.16B -17.97% | -2.86B -- |
Non-Operating Income (Loss) | 0 -- | 0 -- | 9.40M -- | -- -- | -24.64M -- | -91.64M -- | -59.78M -735.66% | -137.83M -- | -142.95M -480.11% | -153.11M -67.08% | -263.56M -340.90% | -202.63M -47.02% | -197.78M -38.36% | -218.37M -42.62% | -214.09M +18.77% | -278.71M -37.55% | -227.00M -14.77% | -278.96M -27.75% | -256.08M -19.62% | -246.29M +11.63% | -1.01B -- |
Income (Loss) from Affiliates | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 1.36K -- | 119.02K -- | 340.91K -- | 778.27K -- | 282.87K +20772.71% | -59.74K -150.19% | -1.26M -468.40% | 424.90K -45.41% | -1.12M -494.68% | 1.49M +2591.20% | -6.56M -422.07% | -456.59K -207.46% | 1.30M +216.55% | -4.22M -- |
Gain (Loss) on Change in Fair Value | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 51.92M -- | -- -- | -- -- | -- -- | -- -- | -- -- | -64.38M -- | -10.42M -- | -56.29M -- | -- -- | -77.68M -20.65% | -19.98M -91.74% | -27.86M +50.51% | -- -- |
Other Non-Operating Income (Loss) | 0 -- | 0 -- | 9.40M -- | -- -- | 40.42M -- | -11.83M -- | 26.37M +180.42% | -53.90M -- | -28.45M -170.39% | -25.53M -115.85% | -106.33M -503.19% | -43.55M +19.21% | -25.41M +10.70% | 25.14M +198.45% | -- -- | -- -- | -26.06M -2.58% | 25.84M +2.80% | -- -- | -- -- | -- -- |
Net Interest Expense | -- -- | -- -- | -- -- | -- -- | 65.06M -- | 79.81M -- | 86.15M -- | 135.85M -- | 114.62M +76.17% | 127.92M +60.28% | 158.01M +83.42% | 159.36M +17.31% | 172.32M +50.34% | 177.86M +39.05% | 204.09M +29.16% | 221.30M +38.86% | 202.43M +17.47% | 220.56M +24.01% | 235.64M +15.46% | 219.73M -0.71% | 878.37M -- |
Interest Expense | -- -- | -- -- | -- -- | -- -- | 66.95M -- | 81.37M -- | 86.67M -- | 138.67M -- | 121.41M +81.36% | 136.05M +67.20% | 160.15M +84.77% | 160.09M +15.45% | 173.50M +42.90% | 186.09M +36.78% | 207.21M +29.39% | 223.41M +39.55% | 203.46M +17.26% | 222.81M +19.73% | 238.02M +14.87% | 226.28M +1.29% | 890.57M -- |
Interest Income | -- -- | -- -- | -- -- | -- -- | 1.89M -- | 1.56M -- | 523.27K -- | 2.83M -- | 6.80M +260.04% | 8.13M +421.81% | 2.13M +307.69% | 730.69K -74.16% | 1.19M -82.56% | 8.23M +1.16% | 3.12M +46.34% | 2.11M +188.49% | 1.03M -13.12% | 2.25M -72.71% | 2.38M -23.82% | 6.55M +210.79% | 12.20M -- |
Pretax Income From Continuing Operations | -13.15K -- | -9.24K -- | 3.37M -- | -6.93M -- | -374.01M -2843459.26% | -590.99M -6394515.42% | -479.72M -14318.01% | -651.34M -9298.78% | -608.40M -62.67% | -565.37M +4.34% | -644.76M -34.40% | -705.04M -8.24% | -615.60M -1.18% | -770.57M -36.29% | -551.20M +14.51% | -1.26B -78.54% | -712.54M -15.75% | -802.71M -4.17% | -946.35M -71.69% | -1.40B -11.41% | -3.86B -- |
Income Tax Expense | -- -- | -- -- | -- -- | 0 -- | 44.18M -- | -276.19K -- | -42.01K -- | -2.82M -- | -826.30K -101.87% | -883.93K -220.04% | 540.25K +1385.90% | 4.38M +255.36% | -1.37M -66.10% | 2.90M +427.90% | -1.12M -306.68% | -1.65M -137.71% | -191.15K +86.07% | 9.33M +221.84% | 6.89M +717.11% | -1.19M +27.81% | 14.84M -- |
Current Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 161.48K -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Deferred Income Tax | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 44.83M -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Net Income | -13.15K -- | -9.24K -- | 3.37M -- | -6.93M -- | -418.20M -3179372.28% | -590.71M -6391526.97% | -479.68M -14316.76% | -648.52M -9258.13% | -607.57M -45.28% | -564.48M +4.44% | -645.30M -34.53% | -709.42M -9.39% | -614.23M -1.10% | -773.47M -37.02% | -550.09M +14.76% | -1.26B -77.21% | -712.35M -15.97% | -812.04M -4.99% | -953.24M -73.29% | -1.40B -11.47% | -3.88B -- |
Net Income Attributable to Minority Interests | -- -- | -- -- | -- -- | -- -- | -511.04K -- | -473.03K -- | -624.99K -- | -1.42M -- | -1.22M -139.32% | -939.44K -98.60% | -792.72K -26.84% | -498.74K +64.87% | -940.89K +23.07% | -952.22K -1.36% | -1.02M -29.19% | -790.08K -58.42% | -884.91K +5.95% | -1.02M -6.97% | -2.31M -125.92% | -3.90M -394.16% | -8.12M -- |
Net Income Attributable to Owners of the Company | -13.15K -- | -9.24K -- | 3.37M -- | -- -- | -417.68M -3175486.94% | -590.24M -6386408.73% | -479.06M -14298.24% | -778.81M -- | -606.35M -45.17% | -563.55M +4.52% | -644.51M -34.54% | -708.92M +8.97% | -613.29M -1.14% | -772.51M -37.08% | -549.06M +14.81% | -1.26B -77.22% | -711.47M -16.01% | -811.02M -4.98% | -950.93M -73.19% | -1.40B -11.23% | -3.87B -- |
Net Income Attributable to Common Stockholders | -13.15K -- | -9.24K -- | 3.37M -- | -- -- | -417.68M -3175486.94% | -590.24M -6386408.73% | -479.06M -14298.24% | -778.81M -- | -606.35M -45.17% | -563.55M +4.52% | -644.51M -34.54% | -708.92M +8.97% | -613.29M -1.14% | -772.51M -37.08% | -549.06M +14.81% | -1.26B -77.22% | -711.47M -16.01% | -811.02M -4.98% | -950.93M -73.19% | -1.40B -11.23% | -3.87B -- |
Other Comprehensive Income | -- -- | -- -- | -- -- | 0 -- | 1.29M -- | -1.67M -- | 709.10K -- | -2.05M -- | -797.57K -161.83% | 900.61K +154.05% | 2.32K -99.67% | -11.92M -480.87% | 1.57M +296.29% | -4.78M -630.56% | 8.76M +376932.14% | -8.53M +28.45% | -10.11M -745.76% | -630.70K +86.80% | -9.89M -212.88% | 16.09M +288.66% | -4.54M -- |
Total Comprehensive Income | -- -- | -- -- | -- -- | 0 -- | -416.91M -- | -592.38M -- | -478.97M -- | -650.58M -- | -608.37M -45.92% | -563.58M +4.86% | -645.30M -34.73% | -721.34M -10.88% | -612.66M -0.71% | -778.24M -38.09% | -541.32M +16.11% | -1.27B -75.46% | -722.46M -17.92% | -812.67M -4.42% | -963.13M -77.92% | -1.39B -9.44% | -3.88B -- |
Total Comprehensive Income Attributable to Minority Interests | -- -- | -- -- | -- -- | -- -- | -511.04K -- | -473.03K -- | -624.99K -- | -1.42M -- | -1.22M -139.32% | -939.44K -98.60% | -792.72K -26.84% | -498.74K +64.87% | -940.89K +23.07% | -952.22K -1.36% | -1.02M -29.19% | -790.08K -58.42% | -884.91K +5.95% | -1.02M -6.97% | -2.31M -125.92% | -3.90M -394.16% | -8.12M -- |
Total Comprehensive Income Attributable to Owners of the Company | -- -- | -- -- | -- -- | -- -- | -416.39M -- | -591.91M -- | -478.35M -- | -780.86M -- | -607.15M -45.81% | -562.64M +4.94% | -644.51M -34.74% | -720.84M +7.69% | -611.72M -0.75% | -777.29M -38.15% | -540.30M +16.17% | -1.26B -75.47% | -721.58M -17.96% | -811.65M -4.42% | -960.82M -77.83% | -1.38B -9.20% | -3.88B -- |
Basic EPS | 0 -- | 0 -- | 0.2 -- | -0.33 -- | -0.18 -- | -0.26 -- | -0.21 -205.00% | -0.28 +15.15% | -0.26 -44.44% | -0.25 +3.85% | -0.28 -33.33% | -0.3 -7.14% | -0.26 -- | -0.33 -32.00% | -0.23 +17.86% | -0.54 -80.00% | -0.3 -15.38% | -0.35 -6.06% | -0.41 -78.26% | -0.6 -11.11% | -1.66 -- |
Basic EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.28 -- | -0.3 -- | -0.26 -- | -- -- | -0.23 +17.86% | -0.54 -80.00% | -0.3 -15.38% | -- -- | -0.41 -78.26% | -0.6 -11.11% | -- -- |
Diluted EPS | 0 -- | 0 -- | 0.2 -- | -- -- | -0.18 -- | -0.26 -- | -0.21 -205.00% | -0.28 -- | -0.26 -44.44% | -0.25 +3.85% | -0.28 -33.33% | -0.3 -7.14% | -0.26 -- | -0.33 -32.00% | -0.23 +17.86% | -0.54 -80.00% | -0.3 -15.38% | -0.35 -6.06% | -0.41 -78.26% | -0.6 -11.11% | -1.66 -- |
Diluted EPS from Continuing Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -0.28 -- | -0.3 -- | -0.26 -- | -- -- | -0.23 +17.86% | -0.54 -80.00% | -0.3 -15.38% | -- -- | -0.41 -78.26% | -0.6 -11.11% | -- -- |
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