VinFast Auto (NASDAQ: VFS) experienced a robust fourth quarter, with revenue significantly exceeding expectations, although earnings per share fell short of analyst estimates. The company demonstrated strong year-over-year growth in revenue, while losses widened compared to the previous year.
VinFast Auto reported a diluted loss per share of $0.60 for the fourth quarter of 2025, missing the analyst estimate of a $0.29 loss per share. This reflects an increase in losses from the $0.54 loss per share reported in the same quarter last year.
The company achieved a substantial revenue of $1.57 billion in the fourth quarter of 2025, surpassing the analyst expectation of $823.43 million. This marks a significant increase from the $677.89 million recorded in the same period the previous year.
EV deliveries reached 86,557 units in the fourth quarter of 2025, showing a 127% increase quarter-over-quarter and a 63% increase year-over-year. The Green brand and EC Van model accounted for 49% of total deliveries, while international markets contributed 18% of total vehicle deliveries for the first time in a quarter.
For the full year 2025, VinFast delivered 196,919 EVs globally, marking a 102% increase year-over-year and exceeding management’s guidance of doubling 2024 deliveries. This represents the highest annual deliveries since the company’s inception.
E-scooter and e-bike deliveries totaled 171,962 in the fourth quarter of 2025, a 43% increase quarter-over-quarter and a 452% increase year-over-year. For the full year, deliveries reached 406,498 units, a 473% increase year-over-year.
Madame Thuy Le, Chairwoman of VinFast, said: “2025 was another landmark year for VinFast – but more importantly, it was a year of disciplined investment behind our core mission: making electric mobility and sustainable journey accessible to everyone.”
