NASDAQ$VFS
VinFast Auto Ltd · Q2 2025 earnings
Q2 2025 earnings · · During market hours · Investor relations
Briefing
VinFast Q2 revenue rises 92% to $663M as EV deliveries jump 172% YoY, though $812M net loss persists
VinFast Auto Ltd. reported Q2 2025 total revenue of VND16,609.3 billion (US$663.0 million), up 91.6% year over year and 1.9% sequentially, driven primarily by EV sales as deliveries reached 35,837 units (+172% YoY). The company also delivered 69,580 e-scooters and e-bikes in the quarter (+432% YoY). Gross margin improved to negative 41.1% from negative 62.7% a year ago, but the company still posted a Q2 net loss of VND20,341.6 billion (US$812.0 million) and a gross loss of US$272.4 million. Management reaffirmed its target to at least double global deliveries in 2025, highlighted VF 3/5/6 leadership in Vietnam, and noted expansion progress in India, Indonesia, the Philippines, and North America via a dealer-led model.
- Q2 revenue of $663.0M (+91.6% YoY); EV deliveries 35,837 (+172% YoY) with 72,167 units in H1 2025
- Gross margin improved to -41.1% from -62.7% YoY, but Q2 net loss was $812.0M
- E-scooter/e-bike deliveries reached 69,580 in Q2 (+432% YoY); 394 global showrooms at quarter end
- VF 3, VF 5, and VF 6 ranked among Vietnam's top five best-selling vehicles in H1 2025
- Company reaffirmed 2025 delivery guidance to at least double volumes and opened Ha Tinh plant in June
Headline financials
Revenue & EPS history
VinFast · Revenue · Quarterly
$663M
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 reaffirmed its target to at least double global EV deliveries in 2025 versus 2024, while monitoring macro and regulatory conditions across key markets including Vietnam, Indonesia, India, the Philippines, North America, Europe, and the Middle East.
Tailwinds
- At least double 2025 global deliveries versus prior year
- Strong e-scooter growth supported by Vietnam electrification policies
Headwinds
- Macro and regulatory headwinds may affect EV demand in international markets
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 Q2 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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro