tradmap

VFS Financials VinFast Auto Ltd.

2 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 54.7% per year over the past 1 years.
  • Operating margin has expanded, at -125.9% in the latest year.

Financial health

  • Total debt ($1.9B) exceeds cash ($136M); net debt is $1.8B.
  • Total debt has grown in line with revenue (53.0% vs 54.7% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$3B -$683M $2B $0 2023 2024
RevenueNet income
Margins (gross / operating / net)
-206% -103% 0% 2023 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$3B -$2B $0 2023 2024
Free cash flow
Cash vs total debt
$0 $967M $2B 2023 2024
CashTotal debt
Cash flow: operating / investing / financing
-$2B $498M $3B $0 2023 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2024 $1.8B -$3.2B -57.4% -125.9% -$1.9B $1.9B $136M
2023 $1.2B -$2.4B -47.8% -144.8% -$3.3B $1.3B $168M

Valuation over time

How the market has priced VFS against its own fundamentals since 2023-08 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 6.0 12.0 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VFS growing its revenue and profit?

Over the past 1 years, VinFast Auto Ltd.'s revenue has grown 54.7% per year. These are computed facts, not advice.

How much debt does VFS have?

As of FY2024, VinFast Auto Ltd. reported $1.9B of total debt against $136M of cash.

What is VFS's profit margin?

In FY2024, gross margin was -57.4%, operating margin -125.9%, and net margin -175.5%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.