VinFast Auto (VFS) Financial Statements & Analysis

VinFast Auto (VFS) Income Statement

VinFast Auto reported revenue of VND 90.43T in fiscal 2025 (fiscal year ended Dec 31, 2025), up 105.4% from VND 44.02T a year earlier. VinFast Auto posted a net loss of VND 97.04T, compared with a net loss of VND 77.27T a year earlier. Gross margin was -42.5% and operating margin -79.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was VND 30.34T, up 82.7% from the same quarter a year earlier.

VinFast Auto Income Statement Analysis

Values in trillions VND

Income Statement Balance Sheet Cash Flow Ratios

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VinFast Auto Ltd. income statement - Annual data in trillions VND
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	90.43	44.02	44.02	27.88	13.93	16.03	13.69
Cost of Revenue	128.89	69.30	69.30	41.59	26.97	25.28	20.39
Gross Profit	-38.46	-25.28	-25.28	-13.71	-13.05	-9.26	-6.70
Operating Expenses
Research & Development	9.90	10.03	10.03	15.41	19.94	9.26	3.93
Selling, General & Administrative	21.30	16.89	16.89	11.27	9.33	4.63	2.55
Operating Expenses	33.15	30.12	28.78	28.26	31.51	17.81	6.60
Operating Income	-71.61	-55.40	-54.06	-41.97	-44.56	-27.07	-13.30
Other Income/Expense
Interest Income	0.31	0.62	0.62	0.57	0.16	1.40	0.47
Interest Expense	22.31	15.66	15.66	-10.13	6.53	-3.44	-3.70
Other Income/Expense	-25.26	-21.99	-4.84	-18.20	-7.34	-4.94	-2.35
Income
Income Before Tax	-96.87	-77.38	-77.38	-60.17	-51.90	-32.01	-18.86
Income Tax Expense	0.37	-0.03	-0.03	0.08	1.06	0.21	0.09
Net Income	-97.04	-77.27	-77.27	-60.17	-52.89	-32.18	-18.95
Net Income - Continuous Operations	-97.04	-77.27	-77.35	-60.25	-52.89	-32.18	-18.95
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-63.06	-44.19	-51.85	-34.38	-37.36	-18.17	-9.00
EBIT	-73.47	-	-61.72	-41.36	-45.37	-23.06	-13.30
Depreciation & Amortization	11.49	9.88	9.88	6.98	6.39	4.89	4.30
Earnings Per Share
Basic EPS	-41486.00	-33042.00	-33042.00	-26038.00	-21438.00	-20386.00	-8160.00
Diluted EPS	-41486.00	-33042.00	-33042.00	-26038.00	-21438.00	-20386.00	-8160.00
Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About VinFast Auto Financial Statements

What was VinFast Auto's revenue in fiscal 2025?

VinFast Auto reported revenue of VND 90.43T in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 105.4% from VND 44.02T a year earlier.

Is VinFast Auto profitable?

No. VinFast Auto reported a net loss of VND 97.04T in fiscal 2025. In fiscal 2024 it lost VND 77.27T.

What is VinFast Auto's operating margin?

VinFast Auto's operating income was −VND 71.61T on revenue of VND 90.43T in fiscal 2025, an operating margin of -79.2%, compared with -125.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition