VinFast Auto Ltd. (VFS)
NASDAQ: VFS · Real-Time Price · USD
3.250
+0.030 (0.93%)
At close: Nov 6, 2026, 4:00 PM EST
3.280
+0.030 (0.92%)
After-hours: Nov 6, 2026, 7:57 PM EST
VinFast Auto Cash Flow Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -28,059,960 | -37,443,968 | -23,952,814 | -20,316,088 | -17,671,789 | -30,575,583 | -13,227,273 | -18,741,226 | -14,721,282 | -18,574,744 | -14,986,693 | -13,628,956 | -14,093,204 | -15,285,738 | -11,208,639 | -13,640,886 | -9,648,532 | -14,203,610 |
Depreciation & Amortization | 2,986,472 | 3,211,301 | 2,762,411 | 2,703,845 | 2,779,687 | 2,591,639 | 2,676,686 | 2,504,756 | 2,103,396 | 2,499,130 | 1,858,264 | 1,650,972 | 1,160,318 | 1,195,217 | 1,785,215 | 1,619,381 | 1,666,695 | 1,459,443 |
Loss (Gain) From Sale of Assets | 131,236 | 374,546 | -39,172 | 139,122 | 281,685 | 374,145 | 20,515 | 175,390 | - | 81,165 | - | - | - | - | - | - | - | 18,536 |
Asset Writedown & Restructuring Costs | - | 6,319,497 | 1,229,625 | 695,353 | 497,710 | 2,271,387 | 214,978 | 1,409,876 | 36,436 | 191,756 | 249,615 | 381,918 | 480,643 | 1,052,956 | 41,528 | 39,259 | - | - |
Loss (Gain) From Sale of Investments | 335,170 | 567,866 | 503,390 | 1,298,503 | 647,291 | 1,369,993 | 251,088 | 952,119 | 609,830 | 1,039,328 | 2,561,432 | 607,610 | 671,463 | 51,284 | -617,010 | 292,332 | -933,656 | -195,363 |
Loss (Gain) on Equity Investments | -69,301 | -32,685 | 11,501 | 164,243 | -36,966 | 27,170 | -10,236 | 30,468 | 1,434 | -36,422 | - | -10,922 | - | - | - | - | - | 1,638 |
Stock-Based Compensation | - | -72,521 | 76,586 | 9,537 | - | -70,899 | -1,054 | 24,073 | 47,880 | 150,103 | - | - | - | - | - | - | - | - |
Provision & Write-off of Bad Debts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 172,571 | - | - | - |
Other Operating Activities | 16,267,293 | 12,949,071 | 6,597,030 | 5,204,460 | 6,237,752 | 14,903,406 | 1,815,590 | 5,519,831 | 3,988,691 | 4,913,518 | 1,958,909 | 2,956,305 | 4,151,616 | 1,504,617 | 3,091,025 | 1,961,441 | 3,506,655 | 5,011,101 |
Change in Accounts Receivable | 3,279,408 | -7,186,038 | 184,911 | 1,059,792 | 2,518,416 | -4,531,179 | -4,241,689 | 1,480,323 | -638,888 | 4,531,208 | -5,788,093 | 2,474,677 | 1,867,725 | 4,208,756 | -4,673,026 | 1,580,075 | -493,098 | -754,278 |
Change in Inventory | -7,625,221 | 3,477,737 | -4,719,885 | -4,246,192 | -8,006,449 | -414,419 | -2,352,450 | -4,547,091 | 564,207 | -6,855,219 | -23,028 | 586,933 | -6,479,648 | -10,724,979 | -5,560,521 | -3,223,780 | -732,418 | 1,351,701 |
Change in Accounts Payable | 1,382,249 | 12,276,796 | 8,192,478 | 1,473,448 | -1,259,997 | 14,740,901 | 4,809,745 | 4,169,441 | -4,180,575 | 8,368,109 | -9,849,929 | 6,849,369 | -6,633,433 | 7,994,080 | 7,144,735 | 5,092,174 | -2,438,169 | 1,118,365 |
Change in Other Net Operating Assets | -1,979,236 | -1,031,217 | -2,031,712 | 213,540 | -1,072,876 | 326,565 | -1,148,267 | -840,233 | -238,076 | -939,571 | -433,151 | 4,938 | -284,561 | -95,855 | -123,931 | -132,571 | -95,600 | -115,177 |
Operating Cash Flow | -13,351,890 | -6,589,615 | -11,185,651 | -11,600,437 | -15,085,536 | 1,013,126 | -11,192,367 | -7,862,273 | -12,426,947 | -4,631,639 | -24,452,674 | 1,872,844 | -19,159,081 | -10,099,662 | -9,948,053 | -6,412,575 | -9,168,123 | -6,307,644 |
Operating Cash Flow Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -4,974,453 | -7,449,694 | -6,586,195 | -5,300,879 | -3,642,497 | -6,111,536 | -3,170,111 | -2,617,944 | -4,789,704 | -4,505,091 | -4,295,847 | -7,033,335 | -7,599,814 | -5,007,308 | -7,144,328 | -3,128,712 | -2,401,324 | -1,865,704 |
Sale of Property, Plant & Equipment | 163,970 | 158,745 | 91,876 | 256,009 | 60,641 | 18,342 | 22,319 | 14,171 | - | -841,762 | - | -922,675 | 922,675 | -115,693 | 1,358,652 | 170,017 | - | 20,753 |
Cash Acquisitions | - | - | - | - | - | - | - | - | -10,252 | -6,900 | - | - | - | - | - | - | - | - |
Divestitures | - | - | - | - | - | 20,000 | - | -20,000 | - | - | - | - | - | - | - | - | - | - |
Investment in Securities | -789,907 | 3,115,000 | 1,692,913 | -2,715,463 | -1,277,450 | 2,335,651 | 1,994,697 | -4,332,754 | - | -1,039,033 | - | -11,519,033 | - | 166,115 | 5,654 | -976,667 | - | 196,407 |
Other Investing Activities | - | -5,395,000 | - | 109,886 | 41,275 | 2,703,981 | 172,568 | 411,544 | 509,821 | 393,934 | - | - | - | - | - | - | - | - |
Investing Cash Flow | -5,600,390 | -11,015,823 | -6,776,915 | -7,650,447 | -4,818,031 | -6,530,192 | 1,339,473 | -6,544,983 | -4,290,135 | -5,866,352 | -4,295,847 | -8,862,543 | -6,131,739 | -4,936,401 | -5,782,859 | -3,145,229 | -2,174,457 | -377,193 |
Financing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | 52,436,993 | - | - | - | 29,241,260 | - | - | - | 24,627,697 | - | - | - | 22,802,511 | - | - | - | 15,033,573 | - |
Total Debt Issued | 52,436,993 | 22,739,432 | 25,637,544 | 28,462,096 | 29,241,260 | 29,580,762 | 24,076,553 | 20,595,807 | 24,627,697 | 44,859,301 | 32,040,809 | 26,195,388 | 22,802,511 | 34,415,809 | 21,609,605 | 16,601,116 | 15,033,573 | 11,053,483 |
Long-Term Debt Repaid | -40,772,172 | - | - | - | -16,232,373 | - | - | - | -9,190,864 | - | - | - | -3,253,120 | - | - | - | -11,055,615 | - |
Total Debt Repaid | -40,772,172 | -22,689,961 | -38,684,562 | -14,824,041 | -16,232,373 | -34,490,323 | -8,944,097 | -19,251,622 | -9,190,864 | -42,065,638 | -15,512,502 | -26,272,847 | -3,253,120 | -17,198,916 | -5,955,366 | -7,427,238 | -11,055,615 | -7,101,341 |
Net Debt Issued (Repaid) | 11,664,821 | 49,471 | -13,047,018 | 13,638,055 | 13,008,887 | -4,909,561 | 15,132,456 | 1,344,185 | 15,436,833 | 2,793,663 | 16,528,307 | -77,459 | 19,549,391 | 17,216,893 | 15,654,239 | 9,173,878 | 3,977,958 | 3,952,142 |
Issuance of Common Stock | 5,000,000 | 14,747,487 | 25,782,333 | 18,000,018 | 5,000,052 | 5,000,000 | - | 16,919,755 | 74,904 | 14,812,483 | 13,778,711 | 1,127,000 | - | 317,129 | - | 646,655 | 6,000,000 | 3,959,339 |
Repurchase of Common Stock | - | - | - | - | - | - | -1 | - | - | - | - | - | - | - | - | - | - | - |
Common Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -461,917 |
Other Financing Activities | - | - | - | - | - | 9,625,000 | -5,875,000 | -3,750,000 | - | -5,875,000 | - | 3,750,000 | 5,875,000 | -41,649 | - | - | - | - |
Financing Cash Flow | 16,664,821 | 14,796,958 | 12,735,315 | 31,638,073 | 18,008,939 | 9,715,439 | 9,257,455 | 14,513,940 | 15,511,737 | 11,731,146 | 30,307,018 | 4,799,541 | 25,424,391 | 17,492,373 | 15,654,239 | 9,820,533 | 9,977,958 | 7,449,564 |
Net Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 693,933 | 726,751 | -249,191 | -15,803 | -251,110 | -207,566 | 211,139 | -145,069 | 66,726 | -286,975 | -3,766 | 17,254 | -14,645 | -39,469 | 4,778 | -26,802 | 30,275 | -17,722 |
Net Cash Flow | -1,593,526 | -2,081,729 | -5,476,442 | 12,371,386 | -2,145,738 | 3,990,807 | -384,300 | -38,385 | -1,138,619 | 946,180 | 1,554,731 | -2,172,904 | 118,926 | 2,416,841 | -71,895 | 235,927 | -1,334,347 | 747,005 |
Free Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -18,326,343 | -14,039,309 | -17,771,846 | -16,901,316 | -18,728,033 | -5,098,410 | -14,362,478 | -10,480,217 | -17,216,651 | -9,136,730 | -28,748,521 | -5,160,491 | -26,758,895 | -15,106,970 | -17,092,381 | -9,541,287 | -11,569,447 | -8,173,348 |
Free Cash Flow Growth (YoY) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow Margin | -79.30% | -35.85% | -98.19% | -101.76% | -114.85% | -30.91% | -116.52% | -120.88% | -263.82% | -94.14% | -348.29% | -64.98% | -1357.20% | -338.33% | -537.03% | -277.42% | -298.31% | -168.51% |
Free Cash Flow Per Share | -7833.32 | -6000.94 | -7596.66 | -7226.45 | -8007.50 | -2180.02 | -6141.23 | -4482.01 | -7364.27 | -3913.35 | -12451.51 | -2243.69 | -11634.30 | -7704.73 | -7434.82 | -4150.26 | -5032.46 | -3805.25 |
Levered Free Cash Flow | -19,393,486 | -2,084,987 | -15,490,379 | -16,354,481 | -25,004,745 | -2,952,967 | -21,567,322 | -7,232,033 | -17,391,412 | 20,257,790 | -28,161,059 | -11,547,110 | -22,542,927 | -50,576,393 | - | - | - | - |
Unlevered Free Cash Flow | -16,194,481 | -1,648,325 | -11,743,205 | -12,866,137 | -21,846,241 | -1,709,204 | -18,447,429 | -4,410,434 | -14,788,438 | 21,214,063 | -25,956,858 | -9,184,360 | -21,091,139 | -50,303,550 | - | - | - | - |
Additional Metrics
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 5,444,860 | 3,967,285 | 4,623,951 | 1,842,542 | 2,755,508 | 9,474,495 | - | - | 2,096,344 | 8,822,355 | - | - | - | 4,378,839 | - | - | - | 2,873,846 |
Cash Income Tax Paid | - | - | 55,180 | - | - | 11,636 | - | - | - | 103,574 | - | - | - | 22,618 | - | - | - | 51,409 |
Change in Working Capital | -4,942,800 | 7,537,278 | 1,625,792 | -1,499,412 | -7,820,906 | 10,121,868 | -2,932,661 | 262,440 | -4,493,332 | 5,104,527 | -16,094,201 | 9,915,917 | -11,529,917 | 1,382,002 | -3,212,743 | 3,315,898 | -3,759,285 | 1,600,611 |