VinFast Auto Ltd.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total revenue	90,427.61	44,019.02	27,883.82	13,927.75	16,028.18	13,690.35
Cost of revenue	128,888.54	69,296.65	41,594.73	26,974.53	25,283.96	20,385.48
Gross profit	-38,460.93	-25,277.64	-13,710.91	-13,046.78	-9,255.78	-6,695.13
Total operating expenses +	33,148.84	30,121.52	28,259.74	31,509.47	17,811.63	6,550.39
Selling, general and administrative	14,288.83	8,892.43	5,611.55	4,119.44	2,424.56	1,206.53
Research and development	9,899.18	10,025.33	14,516.96	19,939.90	9,255.38	3,929.80
Other operating expenses	8,960.84	11,203.76	8,131.23	7,450.13	6,131.69	1,414.06
Operating income	-71,609.77	-55,399.16	-41,970.65	-44,556.25	-27,067.40	-13,245.52
Non-operating income (net)	-25,263.39	-21,985.49	-18,202.77	-7,340.12	-4,942.32	-5,616.96
Income before tax	-96,873.16	-77,384.64	-60,173.42	-51,896.36	-32,009.72	-18,862.48
Income tax expense	372.57	-29.70	76.93	1,062.34	209.24	87.77
Net income	-97,041.89	-77,265.36	-60,168.13	-52,887.81	-32,183.73	-18,949.89

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21
Total revenue	23,237.82	39,411.71	18,100.22	16,609.31	16,306.38	16,496.38	12,326.54	8,670.24	6,525.86	7,264.47	8,254.31	7,941.50	1,964.77	4,465.12	3,182.77	3,439.30	3,878.40	4,850.30
Cost of revenue	40,335.99	55,143.69	28,267.78	23,434.20	22,042.87	29,550.77	15,284.42	14,106.69	10,354.77	10,883.95	10,721.97	10,887.16	5,343.58	8,154.72	6,627.41	5,963.84	6,486.53	7,617.11
Gross profit	-17,098.17	-15,731.98	-10,167.57	-6,824.89	-5,736.49	-13,054.40	-2,957.89	-5,436.45	-3,828.91	-3,619.48	-2,467.66	-2,945.66	-3,378.81	-3,689.60	-3,444.64	-2,524.54	-2,608.13	-2,766.82
Total operating expenses +	5,102.80	13,310.50	7,219.49	6,295.19	6,323.67	39,011.10	5,163.49	7,959.99	6,200.33	6,504.16	6,454.79	6,708.49	7,606.51	9,130.24	6,380.98	9,015.89	5,462.36	10,288.06
Selling, general and administrative	8,342.88	8,342.88	2,495.02	1,273.48	2,177.45	6,532.85	1,411.15	2,313.74	1,344.06	1,344.06	1,301.20	1,633.02	1,215.61	2,028.83	857.87	586.69	536.63	721.84
Research and development	2,869.36	2,869.36	2,679.11	2,335.13	2,015.59	2,678.37	2,091.73	2,662.53	2,617.48	2,626.80	3,658.90	3,644.61	5,179.91	5,898.32	3,593.74	6,871.28	3,576.56	3,988.92
Other operating expenses	-6,109.44	2,098.26	2,045.36	2,686.58	2,130.64	29,799.89	1,660.61	2,983.72	2,238.80	2,533.31	1,494.70	1,430.86	1,210.99	1,203.09	1,929.37	1,557.92	1,349.17	5,577.30
Operating income	-22,200.97	-29,042.48	-17,387.05	-13,120.08	-12,060.16	-22,514.73	-8,121.37	-13,396.44	-10,029.24	-10,123.64	-8,922.45	-9,654.15	-10,985.32	-12,819.84	-9,825.61	-11,540.42	-8,070.49	-13,054.88
Non-operating income (net)	-6,094.50	-6,186.72	-6,450.47	-6,987.85	-5,638.35	-8,120.25	-5,157.47	-5,297.57	-4,747.57	-4,745.07	-6,062.95	-4,038.39	-3,373.85	-2,560.13	-1,398.63	-2,117.78	-569.23	-1,152.66
Income before tax	-28,295.47	-35,229.20	-23,837.52	-20,107.93	-17,698.52	-30,634.98	-13,278.84	-18,694.01	-14,776.81	-14,868.72	-14,985.40	-13,692.54	-14,359.17	-15,379.97	-11,224.25	-13,658.20	-8,639.72	-14,207.53
Income tax expense	-33.31	-29.93	173.57	233.68	-4.75		-26.90	70.32	-32.94	-26.84	18.44	-39.98	-19.50	-66.52	-0.98	-6.38	1,020.62	11.30
Net income	-28,213.87	-35,101.20	-23,952.81	-20,316.09	-17,671.79	-30,575.58	-13,227.27	-18,741.23	-14,721.28	-14,819.20	-14,986.69	-13,628.96	-14,310.80	-15,285.74	-11,208.64	-13,640.89	-9,648.53	-14,203.61

about 19 hours ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total cash and short-term investments +	10,954.10	4,125.77	4,099.58	4,275.34	3,025.09	828.75
Cash and cash equivalents	10,921.87	3,306.79	4,095.47	4,271.44	3,024.92	827.74
Short-term investments	32.23	818.98	4.11	3.90	0.17	1.01
Accounts receivable, net	13,159.45	19,407.11	566.72	671.07	599.99	405.99
Inventories	45,785.14	27,907.03	30,141.38	21,607.28	6,683.69	5,352.18
Other current assets	14,089.87	13,341.72	15,775.82	18,284.93	16,383.75	13,862.54
Total current assets	83,988.55	64,781.63	50,583.49	44,838.62	26,692.50	20,449.46
Total non-current assets +	97,724.99	91,184.87	96,274.23	68,766.68	58,628.95	72,456.39
Property, plant and equipment, net				61,747.65	54,120.10	52,815.20
Goodwill			0.00	272.20	272.20	235.11
Intangible assets	1,207.18	1,164.64	1,291.72	1,461.07	3,163.59	4,296.22
Long-term investments	6,877.01	2,084.14	2,132.98	82.06	182.30	11,652.31
Other non-current assets
Total assets	181,713.54	155,966.50	146,857.72	113,605.30	85,321.46	92,905.85

Total current liabilities +	164,151.60	171,508.91	152,036.02	66,225.20	87,305.27	20,040.76
Accounts payable	32,376.90	20,791.19	12,146.59	16,636.82	3,188.76	2,733.70
Short-term debt	60,743.41	95,503.65	88,763.13	16,068.36	16,496.94	7,573.27
Current portion of long-term debt	63,492.77	94,005.18	41,085.26	15,299.47	16,121.65	7,357.17
Deferred revenue
Other current liabilities	70,932.67	49,483.03	49,172.98	30,083.18	65,658.39	8,285.05
Total non-current liabilities +	107,603.48	79,362.33	60,233.41	84,050.56	74,957.39	66,685.00
Long-term debt	59,601.53	46,816.17	30,170.15	49,172.31	57,954.74	46,352.84
Capital lease obligations	6,871.39	5,575.13	6,602.93	4,025.23	1,673.65	579.51
Other non-current liabilities	15,838.76	3,549.82	1,910.71	606.43	171.29	373.94
Total liabilities	271,755.08	250,871.24	212,269.44	150,275.76	162,262.65	86,725.76

Total stockholders' equity +	-171,561.19	-164,711.67	-142,782.39	-114,109.83	-76,926.52	6,150.12
Common stock and paid-in capital	193,203.51	103,080.50	41,763.63	13,078.62	490.40	50,506.37
Retained earnings	-364,764.70	-267,792.17	-184,546.03	-127,188.46	-77,416.92	-44,356.24
Common shares outstanding	2,339	2,338	2,311	2,322	2,322	2,322

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21
Total cash and short-term investments +	9,140.00	10,954.10	11,591.93	16,284.47	4,495.01	4,125.77	1,896.49	2,386.31	2,963.42	2,963.42	3,158.73	1,604.64	3,744.68	4,275.34	2,427.49	0.00	3,024.92	3,025.09
Cash and cash equivalents	6,785.02	10,921.87	8,800.06	13,772.59	2,398.56	3,306.79	1,892.41	2,382.14	2,959.32	2,959.32	3,154.67	1,600.65	3,740.80	4,271.44	1,854.60		-3,024.92	3,024.92
Short-term investments	2,354.99	32.23	2,791.86	2,511.89	2,096.45	818.98	4.08	4.16	4.11	4.11	4.05	3.99	3.88	3.90	572.89		6,049.83	0.17
Accounts receivable, net	9,636.00	13,159.45	25,556.10	21,998.41	19,772.17	5,605.06	15,519.97	15,423.41	12,355.25	12,355.25	1,184.74	376.80	444.56	671.07	331.08			599.99
Inventories	49,039.17	45,785.14	37,666.32	34,976.87	32,873.56	27,907.03	31,524.06	29,643.33	26,711.52	26,711.52	24,408.25	24,022.07	24,779.58	21,607.28	12,514.18			6,683.69
Other current assets	15,790.43	14,089.87	12,995.58	12,788.13	10,771.73		6,390.99	5,081.85	5,036.30	5,036.30	18,009.65	13,198.80	15,180.63	18,284.93	22,157.21			16,383.75
Total current assets	83,605.61	83,988.55	87,809.93	86,047.88	67,912.46	64,781.63	55,331.51	52,534.89	47,066.49	47,066.49	46,761.37	39,202.31	44,155.99	44,838.62	36,857.08		3,024.92	26,692.50
Total non-current assets +	101,397.92	97,724.99	95,373.87	95,415.86	90,332.01	91,184.87	96,475.70	96,727.94	98,500.10	98,500.10	78,080.49	77,626.00	75,937.05	68,766.68	68,523.68		-3,024.92	58,628.95
Property, plant and equipment, net											70,605.38	70,227.80	68,730.69	61,747.65
Goodwill										0.00	272.20	272.20	272.20	272.20	272.20			272.20
Intangible assets	1,169.23	1,207.18	1,057.65	1,028.92	1,075.91	1,164.64	1,170.47	1,222.53	1,307.72	1,307.72	1,535.18	1,515.01	1,537.76	1,461.07	1,287.07			3,163.59
Long-term investments		6,877.01	1,945.37	1,956.87	2,121.11	2,084.14	2,111.31	2,101.08	2,150.77	2,132.98		225.28	134.91	82.06	0.00
Other non-current assets
Total assets	185,003.52	181,713.54	183,183.80	181,463.73	158,244.47	155,966.50	151,807.21	149,262.83	145,566.60	145,566.60	124,841.86	116,828.31	120,093.04	113,605.30	105,380.76			85,321.46

Total current liabilities +	175,188.55	164,151.60	174,284.92	184,442.31	178,181.06	171,508.91	169,171.78	163,234.31	159,600.84	159,600.84	98,805.56	91,686.30	83,550.98	66,225.20	126,989.36			87,305.27
Accounts payable	37,193.43	32,376.90	28,300.07	22,043.37	19,927.94	20,791.19	14,321.43	10,813.04	7,688.44	7,688.44	10,551.59	15,953.67	17,903.87	16,636.82	70,311.28			3,188.76
Short-term debt	62,602.40	60,743.41	34,802.82	32,763.86	35,782.62		50,374.94	50,007.54	50,306.89	50,306.89	22,500.94	16,467.47	41,148.79	16,068.36	43,368.43			16,496.94
Current portion of long-term debt		63,492.77	33,336.92	31,247.84	34,294.72	94,005.18	48,992.30	48,421.25	48,766.66	41,085.26	21,154.96	15,170.73	39,693.85	15,299.47	42,728.71
Deferred revenue
Other current liabilities	75,392.72	70,932.67	109,031.94	127,615.68	120,585.44	26,064.77	102,122.20	102,413.74	100,795.16	100,795.16	64,992.97	58,650.18	23,163.20	30,083.18	11,864.43			65,658.39
Total non-current liabilities +	109,703.48	107,603.48	108,180.71	97,253.36	77,936.91	79,362.33	77,639.12	67,980.28	65,971.91	65,971.91	90,568.44	88,465.90	87,352.17	84,050.56	83,213.48			74,957.39
Long-term debt		59,601.53	46,844.93	43,440.66	26,423.77	46,816.17	21,249.20	22,879.72	24,766.80	30,170.15	45,678.45	40,730.99	44,658.81	49,172.31	48,209.68
Capital lease obligations		6,871.39	7,533.57	7,928.28	5,234.64	5,575.13	5,877.62	6,420.94	6,711.45	6,602.93	6,381.14	6,388.03	6,764.39	4,025.23	3,495.96
Other non-current liabilities		15,838.76	10,018.95	9,024.52	7,699.48	3,549.82	5,002.83	3,886.47	2,930.70	1,910.71	19,079.05	6,432.07	5,745.63	606.43	607.17
Total liabilities	284,892.03	271,755.08	282,465.63	281,695.67	256,117.97	250,871.24	246,810.90	231,214.60	225,572.75	225,572.75	189,374.00	180,152.19	170,903.14	150,275.76	210,202.84			162,262.65

Total stockholders' equity +	-191,296.20	-171,561.19	-150,915.05	-179,991.39	-177,658.45	-164,711.67	-172,304.00	-159,276.76	-157,354.55	-157,354.55	-141,908.83	-140,703.79	-128,211.74	-114,109.83	-104,770.04		-76,941.20	-76,926.52
Common stock and paid-in capital	203,573.00	193,203.51	178,817.81	125,788.66	107,805.51	103,080.50	64,888.33	64,688.30	47,884.46	47,884.46	26,876.81	13,081.23	13,059.80	13,078.62	7,144.94	0.00	-76,941.20	490.40
Retained earnings	-394,869.20	-364,764.70	-329,732.86	-305,780.05	-285,463.96	-267,792.17	-237,192.34	-223,965.06	-205,239.01	-205,239.01	-168,785.64	-153,785.02	-141,271.54	-127,188.46	-111,914.98			-77,416.92
Common shares outstanding	2,340	2,339	2,339	2,339	2,339	2,339	2,339	2,338	2,338	2,338	2,309	2,322	2,322	2,322	2,322	2,322	2,322	2,322

about 19 hours ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Operating cash flow +	-45,056.59	-30,468.46	-53,649.37	-47,867.65	-28,969.09	-9,349.17
Net income
Depreciation, depletion and amortization	12,098.36	9,876.48	6,981.92	6,389.76	4,891.37	4,302.21
Stock-based compensation	111.57	81.69	150.10	8,384.04	8,223.03	4,528.20
Change in inventory	-14,218.97	-6,749.75	-12,329.48	-20,241.70	-3,857.72	4,075.29
Other working capital changes	-43,047.56	-33,676.88	-48,451.91	-42,399.74	-38,225.76	-22,254.86
Cash flow from investing +	-27,328.26	-16,025.84	-23,017.34	-21,124.82	2,420.05	-1,838.97
Capital expenditures	-23,413.59	-16,689.30	-24,953.28	-23,337.79	-6,007.93	-9,672.21
Others incl. marketable securities changes	-3,914.67	663.46	1,935.94	2,212.97	8,427.98	7,833.24
Cash flow from financing +	78,636.68	48,998.57	77,420.66	70,317.47	28,855.20	10,453.77
Dividend payout					-498.96	-498.96
Common stock repurchases
Net Debt Issuance	78,636.68	48,998.57	77,420.66	70,317.47	29,354.15	10,952.73

Change in cash	6,251.83	2,504.27	753.96	1,325.00	2,306.16	-734.36

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21
Operating cash flow +	-13,425.13	-6,800.88	-11,185.65	-11,600.44	-15,085.54	1,013.13	-11,192.37	-7,862.27	-12,409.10	-12,409.10	-24,452.67	-2,027.22	-19,159.08	-10,099.66	-9,948.05	-6,412.58	-9,168.12	-6,307.64
Net income
Depreciation, depletion and amortization		3,211.30	2,762.41	2,703.85	2,779.69	2,591.64	2,676.69	2,504.76	2,099.57	2,099.57	1,858.26	1,650.97	1,160.32	1,195.22	1,785.22	1,619.38	1,666.70	1,536.29
Stock-based compensation		39.05	76.59	9.54	-13.60	10.79	-1.05	24.07	47.88	47.88	4,515.72	2.81	5,124.16	2,588.74	2,499.45	2,193.87	1,493.46
Change in inventory	2,939.80	2,939.80	-4,719.89	-4,246.19	-8,006.45	-414.42	-2,352.45	-4,547.09	1,093.51	1,093.51	-23.03	61.19	-6,479.65	-10,724.98	-5,560.52	-3,223.78	-732.42	1,351.70
Other working capital changes	-16,364.93	-12,991.04	-9,304.76	-10,067.63	-9,845.17	-1,174.89	-11,515.55	-5,844.01	-15,650.06	-15,650.06	-30,803.63	-3,742.19	-18,963.91	-3,158.64	-8,672.20	-7,002.04	-11,595.86	-9,195.63
Cash flow from investing +	-5,631.11	-7,898.15	-6,776.92	-7,650.45	-4,818.03		1,339.47	-6,544.98	-4,297.90		-4,295.85	-8,127.19	-6,131.74	-4,936.40	-5,782.86	-3,145.23	-2,174.46	-377.19
Capital expenditures	-5,001.74	-7,738.19	-6,586.20	-5,300.88	-3,642.50	-6,111.54	-3,170.11	-2,617.94	-4,807.72	-4,807.72	-4,295.85	-8,127.19	-7,599.81	-5,007.31	-7,144.33	-3,128.71	-2,401.32	-1,865.70
Others incl. marketable securities changes	-629.37	-159.96	-190.72	-2,349.57	-1,175.53	6,111.54	4,509.58	-3,927.04	509.82	4,807.72	0.00	0.00	1,468.08	70.91	1,361.47	-16.52	226.87	1,488.51
Cash flow from financing +	16,756.23	15,632.12	12,735.32	31,638.07	18,008.94	9,715.44	9,257.46	14,513.94	15,501.65	15,501.65	30,307.02	7,992.65	25,424.39	17,492.37	15,654.24	9,820.53	9,977.96	7,449.56
Dividend payout																		-461.92
Common stock repurchases							0.00
Net Debt Issuance	16,756.23	15,632.12	12,735.32	31,638.07	18,008.94	9,715.44	9,257.46	14,513.94	15,501.65	15,501.65	30,307.02	7,992.65	25,424.39	17,492.37	15,654.24	9,820.53	9,977.96	7,911.48

Change in cash	-2,300.01	933.09	-5,227.25	12,387.19	-1,894.63	10,728.57	-595.44	106.68	-1,205.35	3,092.55	1,558.50	-2,161.77	133.57	2,456.31	-76.67	262.73	-1,364.62	764.73

about 19 hours ago

Ask a follow up

VinFast Auto Ltd.

Income Statement - VinFast Auto Ltd. (VFS)

Income Statement - VinFast Auto Ltd. (VFS)

Balance Sheet - VinFast Auto Ltd. (VFS)

Balance Sheet - VinFast Auto Ltd. (VFS)

Cash Flow - VinFast Auto Ltd. (VFS)

Cash Flow - VinFast Auto Ltd. (VFS)