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2021 ranking of companies that lost the most money

Companies showing the largest net loss for the fiscal year 2021, according to their annual accounts.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2021·Calculated on 2026-11-01· 8531 companies ranked
Metric : net loss for the fiscal year 2021 (negative net profit, displayed as a positive value), from heaviest to lightest. Currency : Amounts converted into US dollars at the exchange rate of the day of calculation; the amount in the currency of the accounts is repeated under each value. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Net loss (USD)Revenue
1China Evergrande GroupEGRNF🇨🇳ChinaReal Estate71,54 billion $476,04 billion CN¥37,57 billion $
2Newport Marine Services Tbk.BOAT.JK🇮🇩OthersIndustrials17,19 billion $123,15 billion $
3Kuaishou TechnologyKUASF🇨🇳ChinaCommunication Services11,73 billion $78,08 billion CN¥12,19 billion $
4China Evergrande New Energy Vehicle Group LimitedEVGRF🇨🇳ChinaHealthcare10,19 billion $67,82 billion CN¥13,6 M$
5Telecom Italia S.p.A.TIT.MI🇮🇹EuropeCommunication Services9,68 billion $8,65 Md€17,13 billion $
6Carnival Corporation & plcCCL🇺🇸United StatesConsumer Cyclical9,50 billion $1,91 billion $
7DiDi Global Inc.DIDIY🇨🇳ChinaTechnology7,32 billion $48,70 billion CN¥25,79 billion $
8Suning.com Co., Ltd.002024.SZ🇨🇳ChinaConsumer Cyclical6,50 billion $43,26 billion CN¥20,88 billion $
9GE AerospaceGE🇺🇸United StatesIndustrials6,34 billion $56,47 billion $
10J&T Global Express Ltd1519.HK🇨🇳ChinaIndustrials6,05 billion $4,85 billion $
11China Fortune Land Development Co., Ltd.600340.SS🇨🇳ChinaReal Estate5,87 billion $39,03 billion CN¥6,49 billion $
12Sunac China Holdings Limited1918.HK🇨🇳ChinaReal Estate5,75 billion $38,26 billion CN¥29,82 billion $
13Royal Caribbean Cruises Ltd.RCL🇺🇸United StatesConsumer Cyclical5,26 billion $1,53 billion $
14China Aoyuan Group Limited3883.HK🇨🇳ChinaReal Estate4,97 billion $33,07 billion CN¥7,52 billion $
15Rivian Automotive, Inc.RIVN🇺🇸United StatesConsumer Cyclical4,69 billion $55,0 M$
16Uniper SEUN0.DE🇩🇪GermanyUtilities4,66 billion $4,17 Md€182,26 billion $
17Vodafone Idea LimitedIDEA.BO🇮🇳IndiaCommunication Services4,66 billion $442,33 Bn₹4,42 billion $
18LATAM Airlines Group S.A.LTM🇨🇱OthersIndustrials4,65 billion $4,88 billion $
19McKesson CorporationMCK🇺🇸United StatesHealthcare4,54 billion $238,23 billion $
20Norwegian Cruise Line Holdings Ltd.NCLH🇺🇸United StatesConsumer Cyclical4,51 billion $648,0 M$
21Valaris LimitedVAL🇧🇲OthersEnergy4,49 billion $1,23 billion $
22The Boeing CompanyBA🇺🇸United StatesIndustrials4,20 billion $62,29 billion $
23PT. Garuda Indonesia (Persero) TbkGIAA.JK🇮🇩OthersIndustrials4,17 billion $1,34 billion $
24Shimao Group Holdings LimitedSIOPF🇭🇰Hong KongReal Estate4,07 billion $27,09 billion CN¥16,20 billion $
25Korea Electric Power CorporationKEP🇰🇷KoreaUtilities3,98 billion $5 305 Md₩45,40 billion $
26Robinhood Markets, Inc.HOOD🇺🇸United StatesFinancial Services3,69 billion $1,81 billion $
27East Japan Railway CompanyEJPRY🇯🇵JapanIndustrials3,67 billion $577,90 Bn¥11,20 billion $
28Air France-KLM S.A.AF.PA🇫🇷FranceIndustrials3,65 billion $3,27 Md€16,01 billion $
29MeituanMPNGY🇨🇳ChinaConsumer Cyclical3,54 billion $23,54 billion CN¥26,92 billion $
30Grab Holdings LimitedGRAB🇸🇬OthersTechnology3,45 billion $675,0 M$
31Piraeus Financial Holdings S.A.TPEIR.AT🇬🇷EuropeFinancial Services3,37 billion $3,01 Md€3,00 billion $
32Singapore Airlines LimitedSINGF🇸🇬OthersIndustrials3,34 billion $4,27 B$2,99 billion $
33Atos SEATO.PA🇫🇷FranceTechnology3,31 billion $2,96 Md€12,12 billion $
34International Consolidated Airlines Group S.A.IAG.MC🇪🇸EuropeIndustrials3,28 billion $2,93 Md€9,46 billion $
35Alpha Services and Holdings S.A.ALBKY🇬🇷EuropeFinancial Services3,25 billion $2,91 Md€278,6 M$
36Alpha Bank S.A.ALPHA.AT🇬🇷EuropeFinancial Services3,25 billion $2,91 Md€278,6 M$
37Nissan Motor Co., Ltd.NSANY🇯🇵JapanConsumer Cyclical2,85 billion $448,70 Bn¥49,90 billion $
38Jiangxi Zhengbang Technology Co.Ltd.002157.SZ🇨🇳ChinaConsumer Defensive2,83 billion $18,82 billion CN¥7,16 billion $
39TUI AGTUI1.DE🇩🇪GermanyConsumer Cyclical2,77 billion $2,48 Md€5,29 billion $
40Saipem S.p.A.SPM.MI🇮🇹EuropeEnergy2,76 billion $2,47 Md€7,30 billion $
41Bharti Airtel LimitedBHARTIARTL.BO🇮🇳IndiaCommunication Services2,58 billion $245,33 Bn₹10,60 billion $
42SenseTime Group Inc.0020.HK🇨🇳ChinaTechnology2,58 billion $17,18 billion CN¥706,4 M$
43Lucid Group, Inc.LCID🇺🇸United StatesConsumer Cyclical2,58 billion $27,1 M$
44Air CanadaACDVF🇨🇦CanadaIndustrials2,58 billion $3,60 Bn CA$4,58 billion $
45ANA Holdings Inc.ALNPF🇯🇵JapanIndustrials2,57 billion $404,62 Bn¥4,62 billion $
46Air China LimitedAICAF🇨🇳ChinaIndustrials2,50 billion $16,64 billion CN¥11,20 billion $
47Topicus.com Inc.TOITF🇳🇱EuropeTechnology2,49 billion $2,22 Md€830,4 M$
48Guangzhou R&F Properties Co., Ltd.GZUHF🇨🇳ChinaReal Estate2,48 billion $16,47 billion CN¥11,46 billion $
49Deutsche Lufthansa AGLHA.DE🇩🇪GermanyIndustrials2,45 billion $2,19 Md€18,80 billion $
50Babcock International Group PLCBCKIY🇬🇧United KingdomIndustrials2,41 billion $1,80 Bn£5,31 billion $
51JD Logistics, Inc.JDLGF🇨🇳ChinaIndustrials2,38 billion $15,84 billion CN¥15,73 billion $
52Cheniere Energy, Inc.LNG🇺🇸United StatesEnergy2,34 billion $17,64 billion $
53Kyndryl Holdings, Inc.KD🇺🇸United StatesTechnology2,30 billion $18,66 billion $
54Sapura Energy Berhad5218.KL🇲🇾OthersEnergy2,23 billion $9,05 Mn RM1,01 billion $
55Viking Holdings LtdVIK🇧🇲OthersConsumer Cyclical2,11 billion $625,1 M$
56Sea LimitedSE🇸🇬OthersConsumer Cyclical2,05 billion $9,96 billion $
57Prudential plcPUK🇬🇧United KingdomFinancial Services2,04 billion $26,50 billion $
58Wens Foodstuff Group Co., Ltd.300498.SZ🇨🇳ChinaConsumer Defensive2,01 billion $13,40 billion CN¥9,76 billion $
59American Airlines Group Inc.AAL🇺🇸United StatesIndustrials1,99 billion $29,88 billion $
60Mitsubishi Motors CorporationMMTOF🇯🇵JapanConsumer Cyclical1,98 billion $312,32 Bn¥9,24 billion $
61United Airlines Holdings, Inc.UAL🇺🇸United StatesIndustrials1,96 billion $24,63 billion $
62Linklogis Inc.9959.HK🇨🇳ChinaTechnology1,95 billion $12,99 billion CN¥180,0 M$
63Kaisa Group Holdings Ltd.1638.HK🇨🇳ChinaReal Estate1,91 billion $12,73 billion CN¥5,34 billion $
64Land Securities Group plcLDSCY🇬🇧United KingdomReal Estate1,87 billion $1,39 Bn£850,5 M$
65China Eastern Airlines Corporation LimitedCHEAF🇨🇳ChinaIndustrials1,84 billion $12,21 billion CN¥10,09 billion $
66Ginkgo Bioworks Holdings, Inc.DNA🇺🇸United StatesHealthcare1,83 billion $313,8 M$
67Japan Airlines Co., Ltd.JAPSY🇯🇵JapanIndustrials1,82 billion $286,69 Bn¥3,05 billion $
68China Southern Airlines Company LimitedCHKIF🇨🇳ChinaIndustrials1,82 billion $12,10 billion CN¥15,28 billion $
69E-House (China) Enterprise Holdings Limited2048.HK🇨🇳ChinaReal Estate1,75 billion $11,64 billion CN¥1,33 billion $
70Novavax, Inc.NVAX🇺🇸United StatesHealthcare1,74 billion $197,6 M$
71Origin Energy LimitedOGFGF🇦🇺AustraliaEnergy1,60 billion $2,28 Bn AU$8,35 billion $
72NIO Inc.NIO🇨🇳ChinaConsumer Cyclical1,59 billion $10,57 billion CN¥5,43 billion $
73Fantasia Holdings Group Co., Limited1777.HK🇨🇳ChinaReal Estate1,57 billion $10,47 billion CN¥2,37 billion $
74Coupang, Inc.CPNG🇰🇷KoreaConsumer Cyclical1,54 billion $18,41 billion $
75DraftKings Inc.DKNG🇺🇸United StatesConsumer Cyclical1,52 billion $1,30 billion $
76Huaneng Power International, Inc.HUNGF🇨🇳ChinaUtilities1,50 billion $10,01 billion CN¥30,82 billion $
77Shanghai Electric Group Company Limited601727.SS🇨🇳ChinaIndustrials1,50 billion $9,99 billion CN¥19,58 billion $
78West Japan Railway CompanyWJRYY🇯🇵JapanIndustrials1,48 billion $233,21 Bn¥5,70 billion $
79PPL CorporationPPL🇺🇸United StatesUtilities1,48 billion $5,78 billion $
80BeOne Medicines Ltd.ONC🇰🇾OthersHealthcare1,46 billion $1,18 billion $
81BeOne Medicines Ltd. Class A688235.SS🇨🇭EuropeHealthcare1,46 billion $1,18 billion $
82AGL Energy LimitedAGLNF🇦🇺AustraliaUtilities1,45 billion $2,06 Bn AU$7,69 billion $
83New Hope Liuhe Co.,Ltd.000876.SZ🇨🇳ChinaConsumer Defensive1,44 billion $9,59 billion CN¥18,98 billion $
84KLM Royal Dutch AirlinesKLMR🇳🇱EuropeIndustrials1,43 billion $6,90 billion $
85BullishBLSH🇰🇾OthersTechnology1,40 billion $1,32 billion $
86British Land Company PlcBRLAF🇬🇧United KingdomReal Estate1,38 billion $1,03 Bn£696,4 M$
87Datang International Power Generation Co., Ltd.DIPGF🇨🇳ChinaUtilities1,37 billion $9,10 billion CN¥15,57 billion $
88Adler Group S.A.ADJ.DE🇱🇺EuropeReal Estate1,32 billion $1,18 Md€1,28 billion $
89Central Japan Railway CompanyCJPRY🇯🇵JapanIndustrials1,28 billion $201,55 Bn¥5,23 billion $
90Hanwha Ocean Co., Ltd.042660.KS🇰🇷KoreaIndustrials1,27 billion $1 700 Md₩3,36 billion $
91Vistra Corp.VST🇺🇸United StatesUtilities1,27 billion $13,33 billion $
92AMC Entertainment Holdings, Inc.AMC🇺🇸United StatesCommunication Services1,27 billion $2,53 billion $
93Viatris Inc.VTRS🇺🇸United StatesHealthcare1,27 billion $17,89 billion $
94GRAIL, Inc.GRAL🇺🇸United StatesHealthcare1,25 billion $14,6 M$
95VinFast Auto Ltd.VFS🇻🇳OthersConsumer Cyclical1,25 billion $32 184 Bn₫621,3 M$
96PT GoTo Gojek Tokopedia TbkGOTO.JK🇮🇩OthersTechnology1,24 billion $22 429 Tr Rp250,3 M$
97Delivery Hero SEDHER.DE🇩🇪GermanyConsumer Cyclical1,23 billion $1,10 Md€6,55 billion $
98Whitbread plcWTBDY🇬🇧United KingdomConsumer Cyclical1,21 billion $906,5 M£788,7 M$
99Qantas Airways LimitedQUBSF🇦🇺AustraliaIndustrials1,19 billion $1,69 Bn AU$3,79 billion $
100easyJet plcESYJY🇬🇧United KingdomIndustrials1,15 billion $858,0 M£1,95 billion $
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2021 ranking established?
It ranks companies by their net loss for the fiscal year 2021, based on annual accounts and published data. No values are estimated: a company without this data is simply excluded.
Are the amounts comparable between countries?
Yes: amounts are converted to US dollars at the exchange rate of the calculation day, and the amount in the account currency is repeated under each value.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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