VFS
VinFast Auto Ltd. Ordinary Shares
NASDAQ: VFS · CONSUMER CYCLICAL · AUTO MANUFACTURERS
$4.07
+0.25% today
Updated 2026-04-29
Market cap
$9.52B
P/E ratio
—
P/S ratio
2.78x
EPS (TTM)
$-1.57
Dividend yield
—
52W range
$3 – $5
Volume
0.8M
VinFast Auto Ltd. Ordinary Shares (VFS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $13.69T | $16.03T | $13.93T | $27.88T | $44.02T | $90.43T |
| Revenue growth (YoY) | — | +17.1% | -13.1% | +100.2% | +57.9% | +105.4% |
| Cost of revenue | $20.39T | $25.28T | $26.97T | $41.59T | $69.30T | $128.89T |
| Gross profit | $-6.70T | $-9.26T | $-13.05T | $-13.71T | $-25.28T | $-38.46T |
| Gross margin | -48.9% | -57.7% | -93.7% | -49.2% | -57.4% | -42.5% |
| R&D | $3.93T | $9.26T | $19.94T | $14.52T | $10.03T | $9.90T |
| SG&A | $1.21T | $2.42T | $4.12T | $5.61T | $8.89T | $14.29T |
| Operating income | $-13.25T | $-27.07T | $-44.56T | $-41.97T | $-55.40T | $-71.61T |
| Operating margin | -96.8% | -168.9% | -319.9% | -150.5% | -125.9% | -79.2% |
| EBITDA | $-10.86T | $-18.17T | $-37.36T | $-34.38T | $-44.19T | $-63.06T |
| EBITDA margin | -79.3% | -113.4% | -268.3% | -123.3% | -100.4% | -69.7% |
| EBIT | $-15.16T | $-23.06T | $-43.75T | $-41.36T | $-54.06T | $-74.56T |
| Interest expense | $3.70T | $3.44T | $6.53T | $12.07T | $15.66T | $22.31T |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-18.95T | $-32.18T | $-52.89T | $-60.17T | $-77.27T | $-97.04T |
| Net income growth (YoY) | — | -69.8% | -64.3% | -13.8% | -28.4% | -25.6% |
| Profit margin | -138.4% | -200.8% | -379.7% | -215.8% | -175.5% | -107.3% |