VinFast Auto Ltd. income statement VFSWW
In fiscal 2024, which ended Dec 31, 2024, VinFast Auto Ltd. reported revenue of $1.8 billion, up 54.7% from the year before. It recorded a net loss of $3.2 billion. The operating loss came to $2.3 billion, an operating margin of -125.9%. Diluted earnings per share were -$1.40.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
|---|---|---|
| Revenue |
1,809
+54.7%
|
1,169
|
| Cost of revenue |
2,848
+64.8%
|
1,728
|
| Gross profit |
-1,039
-86.0%
|
-559
|
| Research and development |
412
-32.3%
|
608
|
| Selling, general and administrative |
694
+51.5%
|
458
|
| Other operating income (expense) |
-132
-503.0%
|
-22
|
| Operating expenses |
1,238
|
—
|
| Operating income |
-2,277
-34.4%
|
-1,693
|
| Pretax income |
-3,180
-32.4%
|
-2,403
|
| Income tax |
-1
-132.7%
|
4
|
| Net income |
-3,175
-32.1%
|
-2,403
|
| Basic EPS |
-1.40
-34.6%
|
-1.04
|
| Diluted EPS |
-1.40
-34.6%
|
-1.04
|
| Weighted average shares, basic |
2,338
+1.2%
|
2,311
|
| Weighted average shares, diluted |
2,338
+1.2%
|
2,311
|
| Other measures | ||
| Depreciation and amortization |
390
+59.2%
|
245
|
| EBITDA |
-1,886
-30.3%
|
-1,448
|
| Margins | ||
| Gross margin |
-57.42%
|
-47.77%
|
| Operating margin |
-125.85%
|
-144.82%
|
| Pretax margin |
-175.80%
|
-205.49%
|
| Profit margin |
-175.53%
|
-205.54%
|
| EBITDA margin |
-104.29%
|
-123.86%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Motor Vehicles & Passenger Car Bodies (SIC 3711)
- Listed as
- VFS (Nasdaq), VFSWW (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Singapore
- Headquarters
- Singapore, Singapore
- SEC filer status
- Accelerated filer
- SEC CIK
- 1913510
- Former names
- VinFast Auto Pte. Ltd. (until Jul 28, 2023); Vinfast Trading & Investment Pte. Ltd. (until Mar 9, 2023)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.