VinFast Auto Financial Statements
NASDAQ: VFSIndustrialsAuto ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
VinFast Auto revenue and earnings
In fiscal 2024, VinFast Auto generated $1.81 billion in revenue, up 54.7% from fiscal 2023. VinFast Auto reported a net loss of $3.18 billion, compared with a loss of $2.40 billion a year earlier. Gross margin was -57.4% (down from -47.8%) and operating margin -125.9%.
Diluted earnings per share came in at -$1.40.
Summary generated from market data by MetaCap's automated system. Methodology
VinFast Auto income statement (annual)
| Fiscal year (USD) | FY 20242024-12-31 | FY 20232023-12-31 |
|---|---|---|
| Revenue | 1.81B | 1.17B |
| Revenue growth (YoY) | +54.71% | — |
| Cost of Revenue | 2.85B | 1.73B |
| Gross Profit | -1.04B | -558.54M |
| Operating Expenses | 1.24B | 1.13B |
| Research & Development | 411.97M | 608.27M |
| Selling, General & Admin | 693.98M | 458.01M |
| Operating Income | -2.28B | -1.69B |
| Interest Expense | 643.57M | 375.36M |
| Pretax Income | -3.18B | -2.40B |
| Income Tax | -1.22M | 3.73M |
| Net Income | -3.18B | -2.40B |
| Net Income growth (YoY) | — | — |
| EPS (Basic) | -1.40 | -1.04 |
| EPS (Diluted) | -1.40 | -1.04 |
| Shares Outstanding (Basic) | 2.34B | 2.31B |
| Shares Outstanding (Diluted) | 2.34B | 2.31B |
| EBITDA | -1.89B | -1.45B |
| Gross Margin | -57.42% | -47.77% |
| Operating Margin | -125.85% | -144.82% |
| Net Margin | -175.53% | -205.54% |
This table shows 2 annual periods of VinFast Auto's income statement, from FY 2024 back to FY 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VFS's reporting calendar. What is a income statement?