VinFast Auto Ltd
NASDAQ:VFS
Income Statement
Earnings Waterfall
VinFast Auto Ltd
Income Statement
VinFast Auto Ltd
| Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Interest Expense |
0
|
6 527 870
|
0
|
0
|
0
|
10 129 306
|
0
|
0
|
0
|
15 661 165
|
0
|
0
|
0
|
|
| Revenue |
15 350 768
N/A
|
13 927 746
-9%
|
12 014 115
-14%
|
16 523 174
+38%
|
21 594 706
+31%
|
27 883 821
+29%
|
32 433 889
+16%
|
33 155 766
+2%
|
37 227 997
+12%
|
44 019 015
+18%
|
53 799 527
+22%
|
61 738 598
+15%
|
67 512 279
+9%
|
|
| Gross Profit | ||||||||||||||
| Cost of Revenue |
(26 694 891)
|
(26 974 525)
|
(25 831 571)
|
(31 191 710)
|
(35 286 266)
|
(41 594 732)
|
(46 825 934)
|
(49 608 643)
|
(54 171 099)
|
(69 296 654)
|
(80 984 747)
|
(90 312 259)
|
(103 295 619)
|
|
| Gross Profit |
(11 344 123)
N/A
|
(13 046 779)
-15%
|
(13 817 456)
-6%
|
(14 668 536)
-6%
|
(13 691 560)
+7%
|
(13 710 911)
0%
|
(14 392 045)
-5%
|
(16 452 877)
-14%
|
(16 943 102)
-3%
|
(25 277 639)
-49%
|
(27 185 220)
-8%
|
(28 573 661)
-5%
|
(35 783 340)
-25%
|
|
| Operating Income | ||||||||||||||
| Operating Expenses |
(31 147 278)
|
(30 550 113)
|
(33 653 622)
|
(31 073 220)
|
(31 147 036)
|
(27 483 527)
|
(27 046 252)
|
(28 570 756)
|
(27 279 448)
|
(28 515 555)
|
(30 244 862)
|
(28 580 059)
|
(30 636 063)
|
|
| Selling, General & Administrative |
(11 340 016)
|
(9 433 465)
|
(10 068 621)
|
(11 325 173)
|
(12 161 131)
|
(11 273 285)
|
(12 013 623)
|
(13 037 259)
|
(13 735 033)
|
(16 888 031)
|
(17 581 445)
|
(17 145 159)
|
(18 015 990)
|
|
| Research & Development |
(18 030 496)
|
(21 196 862)
|
(22 800 217)
|
(19 401 339)
|
(18 974 669)
|
(15 414 442)
|
(12 858 784)
|
(12 048 912)
|
(10 973 571)
|
(10 025 329)
|
(9 448 211)
|
(9 120 806)
|
(9 708 190)
|
|
| Other Operating Expenses |
(1 776 766)
|
80 214
|
(784 784)
|
(346 708)
|
(11 236)
|
(795 800)
|
(2 173 845)
|
(3 484 585)
|
(2 570 844)
|
(1 602 195)
|
(3 215 206)
|
(2 314 094)
|
(2 911 883)
|
|
| Operating Income |
(42 491 401)
N/A
|
(43 596 892)
-3%
|
(47 471 078)
-9%
|
(45 741 756)
+4%
|
(44 838 596)
+2%
|
(41 194 438)
+8%
|
(41 438 297)
-1%
|
(45 023 633)
-9%
|
(44 222 550)
+2%
|
(53 793 194)
-22%
|
(57 430 082)
-7%
|
(57 153 720)
+0%
|
(66 419 403)
-16%
|
|
| Pre-Tax Income | ||||||||||||||
| Interest Income Expense |
(5 238 294)
|
(6 102 540)
|
(10 144 732)
|
(11 670 608)
|
(16 334 924)
|
(15 261 514)
|
(20 283 639)
|
(21 937 559)
|
(21 032 085)
|
(19 576 178)
|
(22 876 268)
|
(24 566 547)
|
(25 859 541)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(81 165)
|
0
|
0
|
0
|
(570 050)
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
(2 196 930)
|
0
|
0
|
0
|
(3 636 306)
|
0
|
0
|
0
|
(3 445 222)
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(47 729 695)
N/A
|
(51 896 362)
-9%
|
(57 615 810)
-11%
|
(57 412 364)
+0%
|
(61 173 520)
-7%
|
(60 173 423)
+2%
|
(61 721 936)
-3%
|
(66 961 192)
-8%
|
(65 254 635)
+3%
|
(77 384 644)
-19%
|
(80 306 350)
-4%
|
(81 720 267)
-2%
|
(92 278 944)
-13%
|
|
| Net Income | ||||||||||||||
| Tax Provision |
(1 024 557)
|
(1 062 335)
|
(22 213)
|
(7 560)
|
(26 987)
|
(76 925)
|
(49 971)
|
(141 323)
|
(95 979)
|
29 695
|
1 499
|
(161 862)
|
(362 332)
|
|
| Income from Continuing Operations |
(48 754 252)
|
(52 958 697)
|
(57 638 023)
|
(57 419 924)
|
(61 200 507)
|
(60 250 348)
|
(61 771 907)
|
(67 102 515)
|
(65 350 614)
|
(77 354 949)
|
(80 304 851)
|
(81 882 129)
|
(92 641 276)
|
|
| Income to Minority Interest |
52 585
|
70 885
|
87 945
|
99 370
|
101 899
|
82 222
|
77 826
|
78 570
|
86 089
|
89 585
|
88 980
|
91 396
|
125 002
|
|
| Net Income (Common) |
(48 701 667)
N/A
|
(52 887 812)
-9%
|
(57 550 078)
-9%
|
(57 320 554)
+0%
|
(61 098 608)
-7%
|
(60 168 126)
+2%
|
(61 694 081)
-3%
|
(67 023 945)
-9%
|
(65 264 525)
+3%
|
(77 265 364)
-18%
|
(80 215 871)
-4%
|
(81 790 733)
-2%
|
(92 516 274)
-13%
|
|
| EPS (Diluted) |
-21 108.82
N/A
|
-23 004.62
-9%
|
-25 021.77
-9%
|
-24 921.98
+0%
|
-26 198.02
-5%
|
-26 037.53
+1%
|
-26 389.09
-1%
|
-28 663.7
-9%
|
-27 906.37
+3%
|
-33 041.76
-18%
|
-34 297.68
-4%
|
-34 971.04
-2%
|
-39 546.51
-13%
|
|