VinFast Auto Ltd. (VFS) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 23.24T | 39.41T | 18.1T | 16.61T | 16.31T | 16.5T | 12.33T | 8.67T | 6.53T | 9.71T | 8.25T | 7.94T | 1.96T | 4.47T | 3.18T | 4.85T |
| Revenue Growth % | 42.51% | 138.91% | 46.84% | 91.57% | 149.87% | 69.97% | 49.33% | 9.18% | 232.14% | 117.36% | 159.34% | - | - | - | - | - |
| Cost of Goods Sold | 40.34T | 55.14T | 28.27T | 23.43T | 22.04T | 29.55T | 15.28T | 14.11T | 10.35T | 14.43T | 10.72T | 10.89T | 5.34T | 8.15T | 6.63T | 7.62T |
| COGS % of Revenue | 173.58% | 139.92% | 156.17% | 141.09% | 135.18% | 179.13% | 124% | 162.7% | 158.67% | 148.63% | 129.9% | 137.09% | 271.97% | 182.63% | 208.23% | 157.04% |
| Gross Profit | -17.1T | -15.73T | -10.17T | -6.82T | -5.74T | -13.05T | -2.96T | -5.44T | -3.83T | -4.72T | -2.47T | -2.95T | -3.38T | -3.69T | -3.44T | -2.77T |
| Gross Margin % | -73.58% | -39.92% | -56.17% | -41.09% | -35.18% | -79.13% | -24% | -62.7% | -58.67% | -48.63% | -29.9% | -37.09% | -171.97% | -82.63% | -108.23% | -57.04% |
| Gross Profit Growth % | -198.06% | -20.51% | -243.74% | -25.54% | -49.82% | -176.58% | -19.87% | -84.56% | -13.32% | -27.92% | 28.36% | - | - | - | - | - |
| Operating Expenses | 5.1T | 13.31T | 7.22T | 6.3T | 6.32T | 10.8T | 5.16T | 7.96T | 6.2T | 7.96T | 6.45T | 6.71T | 7.61T | 9.13T | 6.38T | 10.29T |
| OpEx % of Revenue | 21.96% | 33.77% | 39.89% | 37.9% | 38.78% | 65.46% | 41.89% | 91.81% | 95.01% | 81.97% | 78.2% | 84.47% | 387.15% | 204.48% | 200.48% | 212.11% |
| Selling, General & Admin | 2.55T | 9.81T | 4.33T | 3.4T | 3.75T | 6.53T | 3.46T | 3.84T | 3.06T | 3.38T | 2.76T | 2.92T | 2.49T | 3.88T | 1.93T | 1.66T |
| SG&A % of Revenue | 10.99% | 24.9% | 23.93% | 20.47% | 23% | 39.6% | 28.08% | 44.25% | 46.85% | 34.82% | 33.48% | 36.83% | 126.91% | 86.93% | 60.56% | 34.17% |
| Research & Development | 0 | 2.87T | 2.68T | 2.34T | 2.02T | 2.68T | 2.09T | 2.66T | 2.62T | 3.63T | 3.66T | 3.64T | 5.18T | 5.9T | 3.59T | 3.99T |
| R&D % of Revenue | - | 7.28% | 14.8% | 14.06% | 12.36% | 16.24% | 16.97% | 30.71% | 40.11% | 37.37% | 44.33% | 45.89% | 263.64% | 132.1% | 112.91% | 82.24% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K |
| Operating Income | -22.2T | -29.04T | -17.39T | -13.12T | -12.06T | -23.85T | -8.12T | -13.4T | -10.03T | -12.68T | -8.92T | -9.65T | -10.99T | -12.82T | -9.83T | -13.05T |
| Operating Margin % | -95.54% | -73.69% | -96.06% | -78.99% | -73.96% | -144.59% | -65.89% | -154.51% | -153.68% | -130.6% | -108.09% | -121.57% | -559.12% | -287.11% | -308.71% | -269.16% |
| Operating Income Growth % | -84.09% | -21.76% | -114.09% | 2.06% | -20.25% | -88.17% | 8.98% | -38.76% | 8.7% | 1.13% | 9.19% | - | - | - | - | - |
| EBITDA | -22.2T | -25.79T | -14.62T | -10.42T | -9.28T | -21.26T | -5.44T | -10.89T | -7.93T | -10.86T | -7.06T | -8T | -9.76T | -11.62T | -8.04T | -11.6T |
| EBITDA Margin % | -95.54% | -65.45% | -80.8% | -62.71% | -56.91% | -128.88% | -44.17% | -125.62% | -121.51% | -111.87% | -85.58% | -100.78% | -496.66% | -260.34% | -252.62% | -239.07% |
| EBITDA Growth % | -139.22% | -21.32% | -168.6% | 4.37% | -17.03% | -95.82% | 22.93% | -36.09% | 18.74% | 6.6% | 12.14% | - | - | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 3.25T | 2.76T | 2.7T | 2.78T | 2.59T | 2.68T | 2.5T | 2.1T | 1.82T | 1.86T | 1.65T | 1.23T | 1.2T | 1.79T | 1.46T |
| EBIT | -22.2T | -29.55T | -17.84T | -14.53T | -12.64T | -22.51T | -8.14T | -14.23T | -10.03T | -12.04T | -8.92T | -9.65T | -11.45T | -11.88T | -9.83T | -9.05T |
| Net Interest Income | -5.15T | -5.52T | -5.94T | -5.53T | -5.03T | -1.67T | -4.92T | -4.31T | -4.14T | -3.35T | -3.5T | -3.04T | -2.31T | 33.57B | -2.02T | 120.87M |
| Interest Income | 0 | 164.57B | 59.9B | 56.24B | 25.58B | 318.12B | 75.21B | 199.57B | 28.45B | 121.17B | 25.21B | 193.52B | 15.21B | 33.57B | 12.24B | 120.87M |
| Interest Expense | 5.15T | 5.68T | 6T | 5.58T | 5.05T | 1.99T | 4.99T | 4.51T | 4.16T | 3.47T | 3.53T | 3.24T | 2.32T | 0 | 2.03T | 0 |
| Other Income/Expense | -6.09T | -6.19T | -6.45T | -6.99T | -5.64T | -6.78T | -5.16T | -5.3T | -4.75T | -5.83T | -6.06T | -4.04T | -3.37T | -2.56T | -1.4T | -1.15T |
| Pretax Income | -28.3T | -35.23T | -23.84T | -20.11T | -17.7T | -30.63T | -13.28T | -18.69T | -14.78T | -18.5T | -14.99T | -13.69T | -14.36T | -15.38T | -11.22T | -14.21T |
| Pretax Margin % | -121.76% | -89.39% | -131.7% | -121.06% | -108.54% | -185.71% | -107.73% | -215.61% | -226.43% | -190.67% | -181.55% | -172.42% | -730.83% | -344.45% | -352.66% | -292.92% |
| Income Tax | -33.31B | -29.93B | 173.57B | 233.68B | -4.75B | -40.17B | -26.9B | 70.32B | -32.94B | 85.51B | 18.44B | -39.98B | -19.5B | -66.52B | -983M | 11.3B |
| Effective Tax Rate % | 0.12% | 0.08% | -0.73% | -1.16% | 0.03% | 0.13% | 0.2% | -0.38% | 0.22% | -0.46% | -0.12% | 0.29% | 0.14% | 0.43% | 0.01% | -0.08% |
| Net Income | -28.21T | -35.1T | -23.95T | -20.32T | -17.67T | -30.58T | -13.23T | -18.74T | -14.72T | -18.57T | -14.99T | -13.63T | -14.31T | -15.29T | -11.21T | -14.2T |
| Net Margin % | -121.41% | -89.06% | -132.33% | -122.32% | -108.37% | -185.35% | -107.31% | -216.16% | -225.58% | -191.39% | -181.56% | -171.62% | -728.37% | -342.34% | -352.17% | -292.84% |
| Net Income Growth % | -59.65% | -14.8% | -81.09% | -8.4% | -20.04% | -64.61% | 11.74% | -37.51% | -2.87% | -21.52% | -33.71% | - | - | - | - | - |
| Net Income (Continuing) | -28.26T | -35.2T | -24.01T | -20.34T | -17.69T | -30.59T | -13.25T | -18.76T | -14.74T | -18.59T | -15T | -13.65T | -14.34T | -15.31T | -11.22T | -14.22T |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 91.41T | 81.52T | 51.63T | 79.76T | 79.78T | 69.81T | 77.3T | 77.32T | 77.35T | 77.37T | 77.38T | 77.38T | 77.4T | 77.44T | -52.04B | -14.68B |
| EPS (Diluted) | -12106.28 | -15005.00 | -10239.00 | -8686.00 | -7556.00 | -13074.00 | -5656.00 | -8015.00 | -6296.90 | -7956.20 | -6491.01 | -5388.60 | -6127.48 | -6582.40 | -4826.71 | -6116.41 |
| EPS Growth % | -60.22% | -14.77% | -81.03% | -8.37% | -20% | -64.32% | 12.86% | -48.74% | -2.76% | -20.87% | -34.48% | - | - | - | - | - |
| EPS (Basic) | -12106.28 | -15005.00 | -10239.00 | -8686.00 | -7556.00 | -13074.00 | -5656.00 | -8015.00 | -6296.90 | -7955.74 | -6491.01 | -5388.60 | -6188.10 | -6582.40 | -4826.71 | -6116.41 |
| Diluted Shares Outstanding | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.33B | 2.31B | 2.32B | 2.32B | 2.32B | 2.32B | 2.32B |
| Basic Shares Outstanding | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.34B | 2.33B | 2.31B | 2.32B | 2.32B | 2.32B | 2.32B | 2.32B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |