VFSNasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31Also trades as VFSWW

VinFast Auto Ltd.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 30, 2026

$2.90−0.22 (-7.05%)

Close on Oct 19, 2026

VinFast Auto Ltd. balance sheet

Millions of VND, except per-share data. Shares in millions.

Line item	Q4 2025 2025-12-31	Q2 2025 2025-06-30	Q4 2024 2024-12-31	Q2 2024 2024-06-30	Q4 2023 2023-12-31	Q4 2022 2022-12-31	Q4 2021 2021-12-31	Q4 2020 2020-12-31
Cash & Equivalents	7,351,998	13,772,585	3,306,793	3,681,763	4,095,472	4,361,631	3,067,845	827,742
Short-Term Investments	3,051,790	2,511,888	818,975	–	4,105	3,902	–	–
Cash & Short-Term Investments	10,403,788	16,284,473	4,125,768	3,681,763	4,099,577	4,365,533	3,067,845	827,742
Receivables	4,065,619	–	5,220,947	–	335,345	538,697	–	–
Inventory	34,882,649	34,976,865	27,907,030	–	30,141,381	21,607,277	–	–
Prepaid Expenses & Other	14,330,687	15,860,194	11,485,118	–	8,006,103	6,457,169	–	–
Total Current Assets	85,439,748	86,047,876	64,781,629	–	50,583,489	44,838,620	–	–
Property, Plant & Equipment	79,233,904	81,514,505	78,699,515	–	79,122,703	57,188,667	–	–
Gross Property, Plant & Equipment	126,437,169	–	108,454,644	–	96,422,177	67,181,050	–	–
Accumulated Depreciation	-33,374,063	–	-23,914,727	–	-15,222,216	-8,938,736	–	–
Equity Method Investments	1,060,009	1,038,825	1,166,102	–	1,214,938	–	–	–
Operating Lease Right-of-Use Assets	2,952,827	4,039,141	5,042,347	–	7,081,509	4,558,983	–	–
Goodwill	–	–	–	–	–	272,203	–	–
Intangible Assets	1,206,618	1,028,919	1,164,635	–	1,346,324	1,461,071	–	–
Deferred Tax Assets	–	–	–	–	–	–	50,219	–
Other Long-Term Assets	458,104	127,746	171,352	–	4,865,001	4,426,135	–	–
Total Assets	182,622,042	181,463,732	155,966,496	–	146,857,721	113,605,299	–	–
Accrued Expenses	18,557,251	11,974,801	11,060,958	–	11,431,878	11,056,666	–	–
Short-Term Debt	26,872,866	–	24,210,045	–	24,337,193	6,268,276	–	–
Current Debt	34,615,936	–	39,124,086	–	42,924,034	14,579,553	–	–
Current Portion of Leases	1,088,938	1,323,450	1,486,822	–	1,524,356	768,883	–	–
Deferred Revenue (Current)	1,987,433	1,927,557	3,565,463	–	1,194,112	1,572,537	–	–
Total Current Liabilities	164,758,965	184,442,312	171,508,908	–	152,036,022	66,225,202	–	–
Long-Term Debt	47,548,228	43,440,663	22,862,890	–	30,170,149	41,624,960	–	–
Long-Term Leases	2,205,952	3,182,713	3,999,024	–	5,330,344	3,256,351	–	–
Operating Lease Liabilities	3,294,890	4,506,163	5,485,846	–	6,854,700	4,025,234	–	–
Deferred Tax Liabilities	1,296,783	1,168,012	938,643	–	1,025,264	1,059,766	51,462	–
Total Liabilities	275,017,820	281,695,674	250,871,239	–	212,269,436	149,833,805	–	–
Total Debt	82,164,164	43,440,663	61,986,976	–	73,094,183	56,204,513	–	–
Common Stock	9,867,220	9,867,220	9,867,167	–	9,847,536	871,021	–	–
Additional Paid-In Capital	183,945,584	116,648,995	93,673,976	–	38,258,499	12,311,667	–	–
Retained Earnings	-367,176,828	-305,780,046	-267,792,169	–	-190,502,556	-127,188,455	–	–
Comprehensive Income & Other	-572,559	-727,557	-460,644	–	-385,873	-104,065	–	–
Shareholders' Equity	-173,936,583	-179,991,388	-164,711,670	–	-142,782,394	-114,109,832	–	–
Noncontrolling Interest	81,540,805	79,759,446	69,806,927	–	77,370,679	77,439,373	–	–
Total Equity	-92,395,778	-100,231,942	-94,904,743	-81,951,768	-65,411,715	-36,228,506	-73,389,417	6,180,092
Total Liabilities & Equity	182,622,042	181,463,732	155,966,496	–	146,857,721	113,605,299	–	–
Shares Outstanding(shares)	2,340	2,339	2,339	–	2,338	2,300	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: -45.4%
Operating margin: -82.2%
Net margin: -110.2%
Return on equity, FY2025: 58.7%

Financial strength

Current ratio: 0.52
Debt to equity: -0.47
Debt to assets: 45.0%
Cash to current liabilities: 4.5%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.