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Nov 21, 2025 4:00 PM

VinFast's Losses Mount As It Burns Cash To Cement Global EV Presence

Vietnamese automaker VinFast Auto Ltd. (NASDAQ:VFS) shares fell Friday after the company reported third-quarter fiscal 2025 results.

Details

The company reported a quarterly loss per share of 41 cents, which missed the analyst consensus estimate of a 29-cent loss.

The quarterly sales of $718.6 million missed the street view of $823.433 million.

Revenue increased 47% year over year (Y/Y) on stronger EV demand in Vietnam, with the VF 3 and VF 5 models representing 47% of total deliveries and the Green series contributing 25%.

Also Read: Vietnam’s VinFast Hits Over 20,000 Monthly EV Deliveries

Other Key Metrics

The company delivered 38,195 electric vehicles, representing a 74% Y/Y increase. E-scooter and e-bike deliveries were 120,052 in the quarter, representing an increase of 535% Y/Y.

The gross margin loss in the quarter was 56%, compared to the 24% margin loss Y/Y.

Loss from operations ...