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Earnings in 5d

VFS · NASDAQ · Auto - Manufacturers

VinFast

Builds electric vehicles, scooters and buses bundled with charging and ride-hailing across Vietnam.

$3.10

After-hours close+0.02 (+0.63%)

At close$3.08(−2.22%)

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Profile

VinFast Auto Ltd.VFSConsumer Discretionary

Designs and manufactures electric cars, e-scooters and buses, selling mostly in Vietnam alongside a related ride-hailing and charging network under the same ownership group. Assembly plants in India and Indonesia extend production beyond Vietnam, while operations remain funded chiefly by the founder and parent conglomerate rather than by profit.

Manufactures battery-electric cars, e-scooters and buses, having ended combustion-engine production in 2022 to become a pure-play EV maker. Its home market, Vietnam, accounts for nearly all of its EV sales, where it holds a dominant share of new battery-electric registrations.

Sales lean heavily on Xanh SM, an all-electric ride-hailing operator owned by the same founder, and on a VinFast-exclusive charging network built inside the same ownership group — a bundled model that anchors Vietnamese demand but concentrates buyers within a single corporate family.

Assembly has opened in India and Indonesia as manufacturing anchors outside Vietnam, while a planned US plant in North Carolina has faced repeated delays.

The company is structurally loss-making and relies on continuing grants and loans from its founder and parent conglomerate, Vingroup, whose support underpins the going-concern assessment in its audited filings.

Company facts

CEOPham Nhat Vuong

ListedAug 15, 2023

ExchangeNASDAQ

HeadquartersHai Phong, Vietnam

CountryVietnam

Employees14,000

CIK0001913510

ISINSGXZ55111462

Key statistics

Market cap$7.21B

EPS (ttm)−$1.75

P/E (ttm)−1.76

ROE61.7%

P/B−0.9852

P/S1.94

Dividend yield—

Beta0.74vs XLY 0.06

Year to date −8.9% · Average volume (30d) 365.3K

Analysts

Price target, next 12 months$5.00+62.3%Median of 4 analysts · vs the Aug 28 close

ConsensusBuy3 of 4 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $3.08

High$5.00+62.3%

Median$5.00+62.3%

Low$5.00+62.3%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Jun 9, 2026	Cantor Fitzgerald	Reiterate		Overweight	$8	$5
Apr 25, 2025	BTIG	Downgrade	Buy	Neutral

Earnings

EPS

Estimate−$0.33

ReportedDue Sep 3, 2026

Revenue

Estimate$1.15B

ReportedDue Sep 3, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Jun 8, 2026Q1 FY26	−$0.31	−$0.48	−54.8%	$1.03B	$920.7M	−10.2%	−0.33%
Mar 16, 2026Q4 FY25	−$0.33	−$0.60	−81.8%	$1.31B	$1.57B	+19.8%	−2.32%
Nov 21, 2025Q3 FY25	−$0.29	−$0.41	−42.6%	$782.2M	$684.8M	−12.5%	−1.86%
Sep 4, 2025Q2 FY25	−$0.26	−$0.35	−35.9%	$666.7M	$635.1M	−4.7%	+0.30%

View details

Financial highlights

	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26
Revenue	$630.1M	$622.9M	$634.5M	$691.4M	$1.51B	$882.8M
Gross profit	−$498.7M	−$219.1M	−$260.7M	−$388.4M	−$600.9M	−$649.6M
Operating income	−$911.1M	−$460.7M	−$501.2M	−$664.2M	−$1.11B	−$873.3M
Net income	−$1.17B	−$675.0M	−$776.1M	−$915.0M	−$1.34B	−$1.07B
Diluted EPS	−$0.50	−$0.29	−$0.33	−$0.39	−$0.57	−$0.46
Gross margin	-79.1%	-35.2%	-41.1%	-56.2%	-39.9%	-73.6%
Operating margin	-144.6%	-74.0%	-79.0%	-96.1%	-73.7%	-98.9%

Fiscal years (4-quarter sums)FY22 $571.7M · FY23 $1.06B · FY24 $1.68B · FY25 $3.45B

Revenue by product · FY25

Product And Service, Other$213.3M · 100%

Revenue by geography · FY25

VIET NAM$3.07B · 89%

Asia Pacific$260.6M · 8%

United States$60.4M · 2%

Canada$40.7M · 1%

Europe$12.6M · 0%

Balance sheet, Mar 31, 2026Cash & short-term investments $300.3M · Total debt $3.50B · Total assets $7.07B · Shareholders' equity −$7.31B

Dividends

No dividends on record.

Ownership

Institutions 0.18%4.14M sharesInsiders 50.70%1.19B sharesOther 49.12%1.15B shares

Shares outstanding 2.34B · Float 49.64M · 2.1% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Pham Nhat Vuong · director, 10 percent owner, officer: Chief Executive Officer	1.19B	50.65%	Form 4	Mar 18, 2026
Geode Capital Management, LLC	2.03M	0.09%	13F	May 15, 2026
Thi Thu le Thuy · director	1.20M	0.05%	Form 4	Mar 24, 2026
Toroso Investments, LLC	429.1K	0.02%	13F	May 15, 2026
Goldman Sachs Group Inc	215.5K	0.01%	13F	May 15, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.