VinFast Auto Ltd. (VFS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 |
|---|
| Cash from Operations | -13.35T | -6.59T | -11.19T | -11.6T | -15.09T | 1.01T | -11.19T | -7.86T | -12.41T | -8.17T | -24.45T | -2.03T | -19.16T | -10.1T | -9.95T | -6.31T |
| Operating CF Margin % | -57.46% | -16.72% | -61.8% | -69.84% | -92.51% | 6.14% | -90.8% | -90.68% | -190.15% | -84.2% | -296.24% | -25.53% | -975.13% | -226.19% | -312.56% | -130.05% |
| Operating CF Growth % | 11.49% | -750.42% | 0.06% | -47.55% | -21.57% | 112.4% | 54.23% | -287.83% | 35.23% | 19.09% | -145.8% | - | - | - | - | - |
| Net Income | -28.11T | -37.54T | -24.01T | -20.34T | -17.69T | -30.59T | -13.23T | -18.76T | -14.84T | -15.52T | -15T | -12.54T | -14.12T | -15.31T | -11.22T | -14.22T |
| Depreciation & Amortization | 3.16T | 3.21T | 2.76T | 2.7T | 2.78T | 2.59T | 2.68T | 2.5T | 2.1T | 2.5T | 1.86T | 1.65T | 1.16T | 1.2T | 1.79T | 1.54T |
| Stock-Based Compensation | 0 | 39.05B | 76.59B | 9.54B | -13.6B | 10.79B | -1.05B | 24.07B | 47.88B | 150.1B | 0 | 2.81B | 0 | 0 | 0 | 0 |
| Deferred Taxes | -33.13B | -44.76B | 173.53B | 234.12B | -4.75B | -44.63B | -32.19B | 23.14B | -26.84B | 83.3B | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 16.57T | 20.2T | 8.19T | 7.29T | 7.67T | 18.93T | 2.32T | 8.09T | 4.74T | 4.68T | -5.06T | 3.55T | -1.3T | 2.64T | 2.7T | 5.89T |
| Working Capital Changes | -4.94T | 7.54T | 1.63T | -1.5T | -7.82T | 10.12T | -2.93T | 262.44B | -4.43T | -68.3B | -6.24T | 5.3T | -4.9T | 1.38T | -3.21T | 482.25B |
| Change in Receivables | 3.28T | -7.19T | 184.91B | 1.06T | 2.52T | -4.53T | -4.24T | 1.48T | -1.11T | 2.27T | -5.79T | 2.32T | 1.87T | 4.21T | -4.67T | -754.28B |
| Change in Inventory | -7.63T | 3.48T | -4.72T | -4.25T | -8.01T | -414.42B | -2.35T | -4.55T | 1.09T | -5.89T | -23.03B | 61.19B | -6.48T | -10.72T | -5.56T | 1.35T |
| Change in Payables | 1.38T | 12.28T | 8.19T | 1.47T | -1.26T | 14.74T | 4.81T | 4.17T | -4.17T | 3.73T | 0 | -2.32T | 0 | -4.21T | 4.67T | 0 |
| Cash from Investing | -5.6T | -11.02T | -6.78T | -7.65T | -4.82T | -6.53T | 1.34T | -6.54T | -4.3T | -4.61T | -4.3T | -8.13T | -6.13T | -4.94T | -5.78T | -377.19B |
| Capital Expenditures | -4.97T | -7.45T | -6.59T | -5.3T | -3.64T | -6.11T | -3.17T | -2.62T | -4.81T | -5.08T | -4.3T | -8.13T | -7.6T | -5.01T | -7.14T | -1.87T |
| CapEx % of Revenue | 21.41% | 18.9% | 36.39% | 31.92% | 22.34% | 37.05% | 25.72% | 30.19% | 73.67% | 52.32% | 52.04% | 102.34% | 386.81% | 112.14% | 224.47% | 38.47% |
| Acquisitions | 0 | -5.39T | 0 | 0 | 0 | 0 | 0 | -20B | -10.25B | -6.9B | 0 | 480.8B | -480.8B | 0 | 0 | 196.41B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -625.94B | 1.83T | -190.72B | -1.12T | 101.92B | 419.92B | 2.51T | 425.71B | 520.07B | 474.76B | 0 | -132.5B | 1.47T | 70.91B | 1.36T | 1.29T |
| Cash from Financing | 16.66T | 14.8T | 12.74T | 31.64T | 18.01T | 9.72T | 9.26T | 14.51T | 15.5T | 13.7T | 30.31T | 7.99T | 25.42T | 17.49T | 15.65T | 7.45T |
| Debt Issued (Net) | 11.66T | 49.47B | -13.05T | 13.64T | 13.01T | -4.91T | 15.13T | 1.34T | 15.44T | 6.52T | 16.53T | 7.99T | 19.55T | 17.22T | 15.65T | 3.95T |
| Equity Issued (Net) | 5T | 0 | 25.78T | 0 | 0 | 21.99T | -1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -461.92B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 14.75T | 2.29B | 18T | 5T | -7.37T | -5.88T | 13.17T | 64.82B | 7.17T | 13.78T | 0 | 5.88T | 275.48B | 0 | 3.96T |
| Net Change in Cash | -1.59T | -2.08T | -5.48T | 12.37T | -2.15T | 3.99T | -384.3B | -38.38B | -1.14T | 893.6B | 1.55T | -2.12T | 118.93B | 2.42T | -71.89B | 747B |
| Free Cash Flow | -18.33T | -14.04T | -17.77T | -16.9T | -18.73T | -5.1T | -14.36T | -10.48T | -17.22T | -13.25T | -28.75T | -10.15T | -26.76T | -15.11T | -17.09T | -8.17T |
| FCF Margin % | -78.86% | -35.62% | -98.19% | -101.76% | -114.85% | -30.91% | -116.52% | -120.88% | -263.82% | -136.52% | -348.29% | -127.87% | -1361.94% | -338.33% | -537.03% | -168.51% |
| FCF Growth % | 2.14% | -175.37% | -23.74% | -61.27% | -8.78% | 61.52% | 50.04% | -3.21% | 35.66% | 12.29% | -68.19% | - | - | - | - | - |
| FCF per Share | -7833.32 | -6001.90 | -7596.66 | -7226.45 | -8007.49 | -2180.02 | -6141.23 | -4482.01 | -7364.34 | -5675.10 | -12451.51 | -4372.73 | -11523.01 | -6505.42 | -7360.38 | -3519.64 |
| FCF Conversion (FCF/Net Income) | 0.47x | 0.19x | 0.47x | 0.57x | 0.85x | -0.03x | 0.85x | 0.42x | 0.84x | 0.44x | 1.63x | 0.15x | 1.34x | 0.66x | 0.89x | 0.44x |
| Interest Paid | 5.44T | 0 | 4.62T | 1.84T | 2.76T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |