NASDAQ$VFS
VinFast Auto Ltd · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
VinFast files audited FY2024 results with VND44.3T revenue and VND73.3T net loss
VinFast Auto filed audited consolidated financial statements for the year ended December 31, 2024 via Form 6-K EX-99.1. Total revenue reached VND44.3 trillion, comprised of VND42.7 trillion from contracts with customers and VND1.7 trillion from leasing activities, up from VND27.7 trillion in 2023. The company reported a gross loss of VND29.3 trillion and an operating loss of VND50.4 trillion as EV volume scaled. Net loss for the year was VND73.3 trillion versus VND79.4 trillion in 2023, with basic and diluted loss per share of VND31,309. Ernst & Young issued an unmodified opinion but highlighted a material uncertainty related to going concern given current liabilities exceeding current assets by VND105.5 trillion. EV deliveries for full-year 2024 reached 97,399 units, up approximately 192% from 2023.
- FY2024 total revenue VND44.3T (+57.9% YoY); EV sales drove the majority of revenue
- FY2024 net loss VND73.3T; basic/diluted loss per share VND31,309
- Gross loss VND29.3T; operating loss VND50.4T as production and warranty costs scaled
- Auditor flagged material going-concern uncertainty; current liabilities exceed current assets by VND105.5T
- 97,399 EV deliveries in 2024 (+192% YoY); Q4 deliveries 53,139 (+143% QoQ)
Headline financials
Revenue & EPS history
VinFast · Revenue · Quarterly
VND 44.3T
Revenue by segment
VinFast · VND 44.3T total across 2 segments · Q4 2024
- Revenue from contracts with customers (primarily EV sales)VND 42.7T—96.3%
- Revenue from leasing activitiesVND 1.66T—3.7%
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 Q4 2024
-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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