VinFast Auto Ltd. (VFS)
NASDAQ: VFS · Real-Time Price · USD
3.750
+0.030 (0.81%)
May 12, 2025, 2:58 PM - Market open
VinFast Auto Income Statement
Financials in millions VND. Fiscal year is January - December.
Millions VND. Fiscal year is Jan - Dec.
Fiscal Year | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| Revenue | 44,019,015 | 27,883,821 | 14,965,591 | 16,028,182 | 13,690,348 |
| Revenue Growth (YoY) | 57.87% | 86.32% | -6.63% | 17.08% | - |
| Cost of Revenue | 69,296,654 | 41,594,732 | 27,232,496 | 25,283,958 | 20,385,478 |
| Gross Profit | -25,277,639 | -13,710,911 | -12,266,905 | -9,255,776 | -6,695,130 |
| Selling, General & Admin | 16,888,031 | 11,273,285 | 9,223,751 | 4,628,399 | 2,553,102 |
| Research & Development | 10,025,329 | 15,414,442 | 19,939,898 | 9,255,376 | 3,929,797 |
| Other Operating Expenses | 1,870,773 | 959,554 | -111,782 | -77,098 | 120,065 |
| Operating Expenses | 28,784,133 | 27,647,281 | 29,051,867 | 13,806,677 | 6,602,964 |
| Operating Income | -54,061,772 | -41,358,192 | -41,318,772 | -23,062,453 | -13,298,094 |
| Interest Expense | -15,661,165 | -6,527,870 | -5,883,067 | -3,442,117 | -3,701,736 |
| Interest & Investment Income | 621,345 | 570,007 | 83,585 | 1,396,872 | 473,514 |
| Earnings From Equity Investments | -48,836 | 36,422 | - | -36,786 | -41,973 |
| Currency Exchange Gain (Loss) | -1,035,914 | -695,050 | -828,161 | 448,769 | 79,264 |
| Other Non Operating Income (Expenses) | -6,628,252 | -12,117,575 | -846,286 | -2,860,292 | -2,346,766 |
| EBT Excluding Unusual Items | -76,814,594 | -60,092,258 | -48,792,701 | -27,556,007 | -18,835,791 |
| Gain (Loss) on Sale of Assets | -570,050 | -81,165 | - | -113,395 | -26,686 |
| Other Unusual Items | - | - | -109,431 | -4,340,322 | - |
| Pretax Income | -77,384,644 | -60,173,423 | -48,902,132 | -32,009,724 | -18,862,477 |
| Income Tax Expense | -29,695 | 76,925 | 946,738 | 209,237 | 87,766 |
| Earnings From Continuing Operations | -77,354,949 | -60,250,348 | -49,848,870 | -32,218,961 | -18,950,243 |
| Minority Interest in Earnings | 89,585 | 82,222 | 49,783,795 | 32,183,727 | 358 |
| Net Income | -77,265,364 | -60,168,126 | -65,075 | -35,234 | -18,949,885 |
| Net Income to Common | -77,265,364 | -60,168,126 | -65,075 | -35,234 | -18,949,885 |
| Shares Outstanding (Basic) | 2,338 | 2,311 | 2,299 | 1,579 | - |
| Shares Outstanding (Diluted) | 2,338 | 2,311 | 2,299 | 1,579 | - |
| Shares Change (YoY) | 1.19% | 0.51% | 45.62% | - | - |
| EPS (Basic) | -33041.76 | -26037.53 | -28.31 | -22.32 | - |
| EPS (Diluted) | -33042.00 | -26038.00 | -21654.00 | -20386.00 | - |
| Free Cash Flow | -47,157,756 | -74,798,563 | -53,310,085 | -34,977,013 | -19,021,380 |
| Free Cash Flow Per Share | -20166.54 | -32368.80 | -23188.29 | -22155.21 | - |
| Gross Margin | -57.42% | -49.17% | -81.97% | -57.75% | -48.90% |
| Operating Margin | -122.82% | -148.32% | -276.09% | -143.89% | -97.14% |
| Profit Margin | -175.53% | -215.78% | -0.43% | -0.22% | -138.42% |
| Free Cash Flow Margin | -107.13% | -268.25% | -356.22% | -218.22% | -138.94% |
| EBITDA | -44,185,295 | -34,376,273 | -35,052,264 | -18,171,081 | -8,995,885 |
| EBITDA Margin | -100.38% | -123.28% | -234.22% | -113.37% | -65.71% |
| D&A For EBITDA | 9,876,477 | 6,981,919 | 6,266,508 | 4,891,372 | 4,302,209 |
| EBIT | -54,061,772 | -41,358,192 | -41,318,772 | -23,062,453 | -13,298,094 |
| EBIT Margin | -122.81% | -148.32% | -276.09% | -143.89% | -97.14% |
| Revenue as Reported | 44,019,015 | 27,883,821 | 14,965,591 | 16,028,182 | - |
| Advertising Expenses | 2,236,900 | 1,266,400 | 1,839,069 | 614,805 | - |
Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.