VinFast Auto (VFS) Research & Development (2022 - 2026)
VinFast Auto (VFS) posted quarterly Research & Development of -$2535.4 billion for Q1 2026, down 25.79% year-over-year from -$3416.6 billion in Q1 2025, and up 11.64% quarter-over-quarter from -$2869.4 billion in Q4 2025.
Analysis
VinFast Auto (VFS) Research & Development (2022 - 2026) Analysis & Trends
VinFast Auto (VFS) has reported Research & Development for 5 consecutive years, with -$2535.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 25.79% year-over-year to -$2535.4 billion; the TTM figure through Mar 2026 stood at -$186101.8 billion (down 975.97% YoY), while the FY2025 annual figure was $395.0 million, up 100.0% from the prior year.
- Research & Development grew to -$2535.4 billion in Q1 2026 per VFS's latest filing, from -$2869.4 billion in the prior quarter.
- Across five years, Research & Development topped out at -$2015.6 billion in Q1 2025 and bottomed at -$173667.2 billion in Q2 2025.
- Historically, Research & Development has averaged -$14860.5 billion across 5 years, with a median of -$3594.3 billion in 2022.
- Annual changes were most pronounced in 2024 — Research & Development surged 49.95% — and 2025, when it plunged 3204.65%.
- VinFast Auto's Research & Development stood at -$5898.3 billion in 2022, then soared by 46.3% to -$3167.2 billion in 2023, then advanced by 15.43% to -$2678.4 billion in 2024, then fell by 7.13% to -$2869.4 billion in 2025, then gained by 11.64% to -$2535.4 billion in 2026.
- Business Quant data shows VFS's Research & Development at -$2535.4 billion in Q1 2026, -$2869.4 billion in Q4 2025, and -$7029.8 billion in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,151.92 Bn | 1,108.39 Bn | 4.75 Bn | 2.37 Bn |
| 2 | Toyota Motor | 255.99 Bn | 127.54 Bn | 12.27 Bn | - |
| 3 | Honda Motor | 129.45 Bn | 89.32 Bn | 8.46 Bn | -1.53 Bn |
| 4 | Ford Motor | 80.26 Bn | 48.92 Bn | 6.08 Bn | - |
| 5 | General Motors | 76.22 Bn | 51.50 Bn | 7.33 Bn | - |
| 6 | Ferrari | 73.68 Bn | 71.93 Bn | 1.18 Bn | 252.82 Mn |
| 7 | Rivian Automotive | 20.68 Bn | 15.37 Bn | 179.00 Mn | 466.00 Mn |
| 8 | Stellantis | 15.20 Bn | -26.25 Bn | 5.55 Bn | 1.52 Bn |
| 9 | Li Auto | 12.07 Bn | -504.83 Mn | 417.98 Mn | -409.08 Mn |
| 10 | VinFast Auto | 7.30 Bn | 7.30 Bn | -17,004.89 Bn | -2,535.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -2,535.42 Bn |
| Dec 31, 2025 | -2,869.36 Bn |
| Sep 30, 2025 | -7,029.82 Bn |
| Jun 30, 2025 | -173,667.21 Bn |
| Mar 31, 2025 | -2,015.59 Bn |
| Dec 31, 2024 | -2,678.37 Bn |
| Sep 30, 2024 | -7,346.96 Bn |
| Jun 30, 2024 | -5,255.23 Bn |
| Mar 31, 2024 | -2,592.70 Bn |
| Dec 31, 2023 | -3,167.21 Bn |
| Sep 30, 2023 | -3,594.92 Bn |
| Jun 30, 2023 | -3,472.40 Bn |
| Mar 31, 2023 | -5,154.12 Bn |
| Dec 31, 2022 | -5,898.32 Bn |
| Sep 30, 2022 | -3,593.74 Bn |
| Jun 30, 2022 | -6,871.28 Bn |