VinFast Auto (VFS) Operating Expenses (2022 - 2026)

VinFast Auto (VFS) posted quarterly Operating Expenses of -$3574.4 billion for Q1 2026, up 14.75% YoY from -$3114.9 billion in Q1 2025, and up 68.12% sequentially from -$11212.2 billion in Q4 2025.

VinFast Auto (VFS) Operating Expenses (2022 - 2026) Analysis & Trends

VinFast Auto has disclosed Operating Expenses across 5 years of filings, most recently posting -$3574.4 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 14.75% year-over-year to -$3574.4 billion; the TTM figure through Mar 2026 stood at -$23569.4 billion (down 22.92% YoY), while the FY2025 annual figure was $888.3 million, up 13.13% from the prior year.
  • Operating Expenses rose to -$3574.4 billion in Q1 2026, from -$11212.2 billion in the prior quarter.
  • Over the last five years, Operating Expenses for VFS reached as high as -$3502.9 billion in Q3 2024 and fell as low as -$11212.2 billion in Q4 2025.
  • The 5-year median for Operating Expenses is -$4964.8 billion (2023), against an average of -$5471.4 billion.
  • Annual changes were most pronounced in 2023 — Operating Expenses jumped 40.92% — and 2025, when it sank 72.45%.
  • A 5-year view of Operating Expenses shows it stood at -$7927.2 billion in 2022, then jumped by 40.92% to -$4683.5 billion in 2023, then sank by 38.82% to -$6501.9 billion in 2024, then slumped by 72.45% to -$11212.2 billion in 2025, then jumped by 68.12% to -$3574.4 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$3574.4 billion, -$11212.2 billion, and -$5174.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,375.42 Bn 1,330.73 Bn 4.72 Bn 3.78 Bn
2 Ford Motor 78.30 Bn 47.85 Bn 7.94 Bn 40.92 Bn
3 General Motors 68.82 Bn 46.43 Bn 4.32 Bn 40.70 Bn
4 Xpeng 40.80 Bn 38.26 Bn 388.90 Mn -660.64 Mn
5 Rivian Automotive 21.46 Bn 16.65 Bn 119.00 Mn 1.00 Bn
6 Li Auto 12.40 Bn -965.30 Mn 262.11 Mn -696.85 Mn
7 Nio 12.31 Bn 9.20 Bn 704.43 Mn -749.20 Mn
8 VinFast Auto 7.23 Bn 91,500.01 Bn -17,004.89 Bn -3,574.44 Bn
9 Lucid 2.18 Bn 1.48 Bn -311.71 Mn 1.27 Bn
10 China Yuchai International 1.74 Bn 678.93 Mn 317.01 Mn -282.20 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -3,574.44 Bn
Dec 31, 2025 -11,212.24 Bn
Sep 30, 2025 -5,174.13 Bn
Jun 30, 2025 -3,608.61 Bn
Mar 31, 2025 -4,193.03 Bn
Dec 31, 2024 -6,501.86 Bn
Sep 30, 2024 -3,502.87 Bn
Jun 30, 2024 -4,976.27 Bn
Mar 31, 2024 -3,936.76 Bn
Dec 31, 2023 -4,683.55 Bn
Sep 30, 2023 -4,953.27 Bn
Jun 30, 2023 -4,993.65 Bn
Mar 31, 2023 -6,395.52 Bn
Dec 31, 2022 -7,927.15 Bn
Sep 30, 2022 -4,451.60 Bn
Jun 30, 2022 -7,457.97 Bn