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| Date | Value |
|---|---|
| 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 |