VinFast Auto Income Statement

Financials in millions VND. Fiscal year is January - December.

Millions VND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	90,178,600	44,019,000	27,883,800	13,927,700	16,028,200
Revenue Growth (YoY)	104.86%	57.87%	100.20%	-13.11%	17.08%
Cost of Revenue	131,089,000	69,296,700	41,594,700	26,974,500	25,284,000
Gross Profit	-40,910,500	-25,277,600	-13,710,900	-13,046,800	-9,255,780
Selling, General & Admin	21,195,200	16,888,000	11,273,300	9,433,470	4,628,400
Research & Development	9,922,740	10,025,300	15,414,400	21,196,900	9,255,380
Other Operating Expenses	2,065,760	3,208,160	1,572,020	879,141	3,927,850
Total Operating Expenses	33,183,700	30,121,460	28,259,720	31,509,511	17,811,630
Operating Income	-74,094,200	-55,399,200	-41,970,700	-44,556,200	-27,067,400
Interest Income	306,292	354,530	422,746	163,120	446,139
Interest Expense	-22,314,500	-19,108,200	-13,782,100	-8,729,280	-4,598,240
Other Non-Operating Income (Expense)	-3,123,140	-3,231,870	-4,843,410	1,226,040	-790,227
Total Non-Operating Income (Expense)	-25,131,400	-21,985,500	-18,202,800	-7,340,120	-4,942,320
Pretax Income	-99,225,600	-77,384,600	-60,173,400	-51,896,400	-32,009,700
Provision for Income Taxes	-	-	-	1,062,340	209,237
Net Income	-99,582,800	-77,354,900	-60,250,300	-52,887,800	-32,183,700
Minority Interest in Earnings	-	-	-	-70,885	-35,234
Net Income to Common	-99,582,800	-77,354,900	-60,250,300	-52,887,800	-32,183,700
Shares Outstanding (Basic)	2,339	2,338	2,311	2,299	1,579
Shares Outstanding (Diluted)	2,339	2,338	2,311	2,299	1,579
Shares Change (YoY)	0.03%	1.19%	0.51%	45.62%	-
EPS (Basic)	-42488.00	-33042.00	-26038.00	-23005.00	-20386.00
EPS (Diluted)	-42488.00	-33042.00	-26038.00	-23005.00	-20386.00
Shares Outstanding	2,340	2,339	2,338	2,300	2,299
Free Cash Flow	-67,440,500	-47,157,800	-74,798,600	-71,205,400	-34,977,000
Free Cash Flow Per Share	-28831.30	-20166.50	-32368.80	-30972.20	-22155.20
Gross Margin	-45.37%	-57.42%	-49.17%	-93.67%	-57.75%
Operating Margin	-82.16%	-125.85%	-150.52%	-319.91%	-168.87%
Profit Margin	-110.43%	-175.73%	-216.08%	-380.24%	-201.01%
FCF Margin	-74.79%	-107.13%	-268.25%	-511.25%	-218.22%
EBITDA	-62,637,000	-45,522,700	-34,988,700	-38,166,500	-22,176,000
EBITDA Margin	-69.46%	-103.42%	-125.48%	-274.03%	-138.36%
EBIT	-74,094,200	-55,399,200	-41,970,700	-44,556,200	-27,067,400
EBIT Margin	-82.16%	-125.85%	-150.52%	-319.91%	-168.87%
Effective Tax Rate	0.00%	0.00%	0.00%	-2.05%	-0.65%

Updated Mar 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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