VinFast Auto (VFS) Research & Development (2022 - 2025)
VinFast Auto (VFS) reported Research & Development of -$2869.4 billion for Q4 2025, down 7.13% year-over-year from -$3089.7 billion in Q4 2024, and down 7.1% quarter-over-quarter from -$2679.1 billion in Q3 2025.
VinFast Auto (VFS) Research & Development (2022 - 2025) Analysis & Trends
VinFast Auto (VFS) has 4 years of Research & Development data on file, last reported at -$2869.4 billion in Q4 2025.
- Research & Development for Q4 2025 came in at -$2869.4 billion, down 7.13% year-over-year; the trailing twelve-month figure through Dec 2025 was -$9899.2 billion (up 1.26% YoY), and the FY2025 annual result was $395.0 million, up 100.0% from the prior year.
- Research & Development fell to -$2869.4 billion in Q4 2025 per VFS's latest filing, from -$2679.1 billion in the prior quarter.
- Over five years, Research & Development peaked at -$2015.6 billion in Q1 2025 and troughed at -$6871.3 billion in Q2 2022.
- A 4-year average of -$3446.8 billion and a median of -$2869.4 billion in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 49.95% in 2024, then slipped 28.08% in 2025.
- A 4-year view of Research & Development shows it stood at -$5898.3 billion in 2022, then surged by 46.3% to -$3167.2 billion in 2023, then gained by 15.43% to -$2678.4 billion in 2024, then declined by 7.13% to -$2869.4 billion in 2025.
- Business Quant data shows VFS's Research & Development at -$2869.4 billion in Q4 2025, -$2679.1 billion in Q3 2025, and -$2335.1 billion in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,297.09 Bn | 1,252.41 Bn | 4.72 Bn | 1.95 Bn |
| 2 | Toyota Motor | 440.56 Bn | 289.71 Bn | 39.87 Bn | - |
| 3 | Ferrari | 75.26 Bn | 73.46 Bn | 1.09 Bn | 278.21 Mn |
| 4 | General Motors | 72.40 Bn | 50.02 Bn | 4.32 Bn | - |
| 5 | Ford Motor | 56.05 Bn | 25.60 Bn | 7.94 Bn | - |
| 6 | Rivian Automotive | 20.65 Bn | 15.84 Bn | 119.00 Mn | 458.00 Mn |
| 7 | China Yuchai International | 14.25 Bn | 13.19 Bn | 317.01 Mn | -124.48 Mn |
| 8 | VinFast Auto | 7.11 Bn | 10.11 Bn | -15,731.99 Bn | -2,869.36 Bn |
| 9 | Digital Currency X Technology | 4.89 Bn | 4.89 Bn | - | - |
| 10 | Xpeng | 4.49 Bn | 1.59 Bn | 388.90 Mn | -421.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2,869.36 Bn |
| Sep 30, 2025 | -2,679.11 Bn |
| Jun 30, 2025 | -2,335.13 Bn |
| Mar 31, 2025 | -2,015.59 Bn |
| Dec 31, 2024 | -2,678.37 Bn |
| Sep 30, 2024 | -2,091.73 Bn |
| Jun 30, 2024 | -2,662.53 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 | -5,179.91 Bn |
| Dec 31, 2022 | -5,898.32 Bn |
| Sep 30, 2022 | -3,593.74 Bn |
| Jun 30, 2022 | -6,871.28 Bn |