NASDAQ$VFS
VinFast Auto Ltd · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
VinFast reported higher revenues driven by strong EV and e-scooter deliveries, while narrowing losses significantly in Q1 2025.
In Q1 2025, VinFast achieved $656.5 million in revenue, mainly from EV sales, and delivered 36,330 EVs and 44,904 e-scooters. Despite still reporting a net loss, the company improved gross margins and continued to reduce costs.
- Vehicle sales reached $612.6 million, forming the bulk of total revenue.
- Delivered 36,330 EVs and 44,904 e-scooters in the quarter.
- Gross margin improved to -35.2% from -79.1% in Q4 2024.
- Operating loss reduced by nearly half compared to the prior quarter.
Headline financials
Revenue & EPS history
VinFast · Revenue · Quarterly
$657M
Revenue by segment
VinFast · $663M total across 2 segments · Q2 2025
- Revenue from contracts with customers (primarily EV sales)$598M—90.2%
- Leasing and other revenue$65M—9.8%
Forward guidance
VinFast aims to double global deliveries in FY2025, backed by new model launches and expanded manufacturing and distribution.
Tailwinds
- Launch of EC Van and EB 6 electric bus for new segments.
- Strong dealership momentum across Europe, India, and the Philippines.
- Increased cost-efficiency through new E/E architecture.
- India CKD plant set to begin operations in July 2025.
- Commitments of up to $3.4B in funding from shareholders and CEO.
Headwinds
- Continued negative gross margin, despite improvements.
- Significant net and operating losses persist.
- Revenue concentration in EV segment with limited diversification.
- Ongoing showroom closures in Europe and North America.
- Dependence on loans and grants for operational liquidity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2025
-2.0%
Avg return
Earnings day
-2.3%
Avg return
5 days after
-9.0%
Avg return
30 days after
24%
4 / 17 earnings
Positive
+3.8%
Q1 2025
Best reaction
-9.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -1.0% | +3.3% | — | |
| Q1 2026 | -1.0% | +3.3% | — | |
| Q4 2026 | -6.0% | -6.8% | -25.1% | |
| Q3 2026 | -8.7% | -6.8% | -1.0% | |
| Q2 2025 | -2.4% | -2.9% | -3.2% | |
| Q1 2025 | +3.8% | +2.9% | +2.3% | |
| Q4 2024 | +2.8% | +4.6% | +8.4% | |
| Q2 2024 | -9.1% | -4.3% | -3.3% | |
| Q1 2024 | +0.0% | -7.2% | -14.9% | |
| Q4 2023 | -3.8% | +6.1% | -5.7% | |
| Q3 2023 | -0.2% | -7.0% | -26.2% | |
| Q2 2023 | -8.4% | -25.1% | -68.7% | |
| Q1 2023 | +0.0% | -0.5% | -0.1% | |
| Q3 2022 | +0.0% | +0.0% | +0.7% | |
| Q2 2022 | +0.0% | +0.0% | +0.5% | |
| Q4 2021 | +0.3% | +0.3% | -0.2% | |
| Q1 2022 | +0.4% | +0.5% | +0.9% |
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