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2023 ranking of companies that lost the most money

Companies showing the largest net loss for the fiscal year 2023, according to their annual accounts.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2023·Calculated on 2026-11-01· 9538 companies ranked
Metric : net loss for the fiscal year 2023 (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
1British American Tobacco p.l.c.BTI🇬🇧United KingdomConsumer Defensive19,24 billion $14,37 Bn£36,54 billion $
2TPT Global Tech, Inc.TPTW🇺🇸United StatesTechnology10,42 billion $3,3 M$
3Lumen Technologies, Inc.LUMN🇺🇸United StatesCommunication Services10,30 billion $14,56 billion $
4PJSC GazpromGAZP.ME🇷🇺OthersEnergy7,81 billion $629,09 billion ₽106,05 billion $
5Vonovia SEVNA.DE🇩🇪GermanyReal Estate7,03 billion $6,29 Md€5,85 billion $
63M CompanyMMM🇺🇸United StatesIndustrials7,00 billion $24,61 billion $
7SK hynix Inc.000660.KS🇰🇷KoreaTechnology6,83 billion $9 112 Md₩24,56 billion $
8Fidelity National Information Services, Inc.FIS🇺🇸United StatesTechnology6,66 billion $9,83 billion $
9Casino, Guichard-Perrachon S.A.CO.PA🇫🇷FranceConsumer Defensive6,33 billion $5,66 Md€10,12 billion $
10SoftBank Group Corp.SFTBF🇯🇵JapanCommunication Services6,16 billion $970,14 Bn¥41,70 billion $
11Carlsberg A/SCARL-B.CO🇩🇰EuropeConsumer Defensive6,09 billion $40,79 Bn DKK10,99 billion $
12Micron Technology, Inc.MU🇺🇸United StatesTechnology5,83 billion $15,54 billion $
13Rivian Automotive, Inc.RIVN🇺🇸United StatesConsumer Cyclical5,43 billion $4,43 billion $
14Siemens Energy AGENR.DE🇩🇪GermanyIndustrials5,07 billion $4,53 Md€34,80 billion $
15PT GoTo Gojek Tokopedia TbkGOTO.JK🇮🇩OthersTechnology4,99 billion $90 396 Tr Rp816,0 M$
16Moderna, Inc.MRNA🇺🇸United StatesHealthcare4,71 billion $6,85 billion $
17Liberty Global plcLBTYA🇬🇧United KingdomCommunication Services4,05 billion $4,12 billion $
18Schweizerische NationalbankSNBN.SW🇨🇭EuropeFinancial Services3,86 billion $3,18 Bn CHF10,26 billion $
19Atos SEATO.PA🇫🇷FranceTechnology3,85 billion $3,44 Md€11,96 billion $
20Korea Electric Power CorporationKEP🇰🇷KoreaUtilities3,61 billion $4 823 Md₩65,56 billion $
21Bayer AGBAYN.DE🇩🇪GermanyHealthcare3,29 billion $2,94 Md€53,28 billion $
22NIO Inc.NIO🇨🇳ChinaConsumer Cyclical3,18 billion $21,15 billion CN¥8,36 billion $
23Sino-Ocean Group Holding LimitedSIOLF🇨🇳ChinaReal Estate3,17 billion $21,10 billion CN¥6,98 billion $
24Shimao Group Holdings LimitedSIOPF🇭🇰Hong KongReal Estate3,16 billion $21,03 billion CN¥8,94 billion $
25Warner Bros. Discovery, Inc.WBD🇺🇸United StatesCommunication Services3,13 billion $41,32 billion $
26Vodafone Idea LimitedIDEA.BO🇮🇳IndiaCommunication Services3,09 billion $293,01 Bn₹4,44 billion $
27Ørsted A/SORSTED.CO🇩🇰EuropeUtilities3,06 billion $20,51 Bn DKK10,32 billion $
28Guangzhou R&F Properties Co., Ltd.GZUHF🇨🇳ChinaReal Estate3,03 billion $20,16 billion CN¥5,45 billion $
29Deutsche Wohnen SEDWNI.DE🇩🇪GermanyReal Estate3,02 billion $2,70 Md€1,19 billion $
30Kaisa Group Holdings Ltd.1638.HK🇨🇳ChinaReal Estate3,00 billion $19,93 billion CN¥3,93 billion $
31Lucid Group, Inc.LCID🇺🇸United StatesConsumer Cyclical2,83 billion $595,3 M$
32Lumine Group Inc.LMN.V🇨🇦CanadaTechnology2,83 billion $499,7 M$
33KWG Group Holdings LimitedKWGPF🇨🇳ChinaReal Estate2,82 billion $18,73 billion CN¥2,38 billion $
34ZIM Integrated Shipping Services Ltd.ZIM🇮🇱OthersIndustrials2,70 billion $5,16 billion $
35Telefonaktiebolaget LM Ericsson (publ)ERIC-B.ST🇸🇪EuropeTechnology2,69 billion $26,45 billion SEK26,80 billion $
36Delivery Hero SEDHER.DE🇩🇪GermanyConsumer Cyclical2,57 billion $2,30 Md€11,12 billion $
37International Flavors & Fragrances Inc.IFF🇺🇸United StatesBasic Materials2,56 billion $11,48 billion $
38VEON Ltd.VEON🇳🇱EuropeCommunication Services2,53 billion $3,70 billion $
39Newmont CorporationNEM🇺🇸United StatesBasic Materials2,52 billion $11,78 billion $
40VinFast Auto Ltd.VFS🇻🇳OthersConsumer Cyclical2,33 billion $60 168 Bn₫1,08 billion $
41thyssenkrupp AGTKA.DE🇩🇪GermanyIndustrials2,32 billion $2,07 Md€41,98 billion $
42Fortum OyjFORTUM.HE🇫🇮EuropeUtilities2,31 billion $2,07 Md€7,51 billion $
43Sibanye Stillwater LimitedSBSW🇿🇦OthersBasic Materials2,27 billion $37,77 billion R6,82 billion $
44Samhällsbyggnadsbolaget i Norden AB (publ)SBB-B.ST🇸🇪EuropeReal Estate2,24 billion $22,05 billion SEK466,2 M$
45New World Development Company LimitedNWWDF🇭🇰Hong KongReal Estate2,23 billion $17,51 HK$ Bn4,56 billion $
46The Boeing CompanyBA🇺🇸United StatesIndustrials2,22 billion $77,79 billion $
47Rakuten Group, Inc.RKUNY🇯🇵JapanConsumer Cyclical2,15 billion $339,47 Bn¥13,15 billion $
48Sandisk CorporationSNDK🇺🇸United StatesTechnology2,14 billion $6,09 billion $
49Aroundtown S.A.AANNF🇱🇺EuropeReal Estate2,05 billion $1,83 Md€1,33 billion $
50LG Display Co., Ltd.LPL🇰🇷KoreaTechnology2,05 billion $2 734 Md₩15,99 billion $
51Starz Entertainment Corp.STRZ🇨🇦CanadaCommunication Services2,01 billion $3,85 billion $
52Gecina S.A.GFC.PA🇫🇷FranceReal Estate2,00 billion $1,79 Md€934,6 M$
53IHS Holding LimitedIHS🇬🇧United KingdomCommunication Services1,98 billion $2,13 billion $
54Tilray Brands, Inc.TLRY🇨🇦CanadaHealthcare1,96 billion $844,7 M$
55Agile Group Holdings LimitedAGPYY🇨🇳ChinaReal Estate1,92 billion $12,76 billion CN¥6,51 billion $
56Banc of California, Inc.BANC🇺🇸United StatesFinancial Services1,90 billion $1,50 billion $
57Adler Group S.A.ADJ.DE🇱🇺EuropeReal Estate1,85 billion $1,66 Md€497,8 M$
58Viking Holdings LtdVIK🇧🇲OthersConsumer Cyclical1,85 billion $4,71 billion $
59MKS Inc.MKSI🇺🇸United StatesTechnology1,84 billion $3,62 billion $
60Unibail-Rodamco-Westfield SEURW.PA🇫🇷FranceReal Estate1,82 billion $1,63 Md€3,42 billion $
61Holitech Technology Co., Ltd.002217.SZ🇨🇳ChinaBasic Materials1,82 billion $12,09 billion CN¥695,9 M$
62ams-OSRAM AGAMSSY🇦🇹EuropeTechnology1,80 billion $1,61 Md€4,01 billion $
63China Evergrande New Energy Vehicle Group LimitedEVGRF🇨🇳ChinaHealthcare1,79 billion $11,93 billion CN¥201,4 M$
64LEG Immobilien SELEG.DE🇩🇪GermanyReal Estate1,75 billion $1,57 Md€1,39 billion $
65The Star Entertainment Group LimitedEHGRF🇦🇺AustraliaConsumer Cyclical1,71 billion $2,44 Bn AU$1,31 billion $
66EchoStar CorporationSATS🇺🇸United StatesTechnology1,70 billion $17,02 billion $
67Western Digital CorporationWDC🇺🇸United StatesTechnology1,68 billion $6,25 billion $
68Sharp CorporationSHCAY🇯🇵JapanTechnology1,66 billion $260,84 Bn¥16,17 billion $
69Annaly Capital Management, Inc.NLY🇺🇸United StatesReal Estate1,64 billion $5,61 billion $
70Instacart (Maplebear Inc.)CART🇺🇸United StatesConsumer Cyclical1,62 billion $3,04 billion $
71Telecom Italia S.p.A.TIT.MI🇮🇹EuropeCommunication Services1,61 billion $1,44 Md€16,01 billion $
72Sunrun Inc.RUN🇺🇸United StatesEnergy1,60 billion $2,26 billion $
73CovivioCOV.PA🇫🇷FranceReal Estate1,59 billion $1,42 Md€1,14 billion $
74Yuzhou Group Holdings Company Limited1628.HK🇨🇳ChinaReal Estate1,58 billion $10,52 billion CN¥3,23 billion $
75Seatrium LimitedSMBMF🇸🇬OthersEnergy1,58 billion $2,02 B$5,70 billion $
76Seatrium Limited Unsponsored ADRSMBMY🇸🇬OthersEnergy1,58 billion $2,02 B$5,70 billion $
77XPeng Inc.XPNGF🇨🇳ChinaConsumer Cyclical1,56 billion $10,38 billion CN¥4,61 billion $
78Kioxia Holdings Corp.285A.T🇯🇵JapanTechnology1,55 billion $243,73 Bn¥6,83 billion $
79Heimstaden AB (publ)HEIM-PREF.ST🇸🇪EuropeReal Estate1,54 billion $15,17 billion SEK1,64 billion $
80Reliance Communications LimitedRCOM.NS🇮🇳IndiaCommunication Services1,53 billion $144,99 Bn₹50,4 M$
81GOME Retail Holdings LimitedGMELF🇭🇰Hong KongConsumer Cyclical1,51 billion $10,06 billion CN¥97,2 M$
82UGI CorporationUGI🇺🇸United StatesUtilities1,50 billion $8,93 billion $
83Hasbro, Inc.HAS🇺🇸United StatesConsumer Cyclical1,49 billion $5,00 billion $
84GRAIL, Inc.GRAL🇺🇸United StatesHealthcare1,47 billion $93,1 M$
85Greenland Holdings Corporation Limited600606.SS🇨🇳ChinaReal Estate1,44 billion $9,56 billion CN¥54,15 billion $
86China Aoyuan Group Limited3883.HK🇨🇳ChinaReal Estate1,43 billion $9,53 billion CN¥4,14 billion $
87Icade S.A.ICAD.PA🇫🇷FranceReal Estate1,40 billion $1,25 Md€1,71 billion $
88British Land Company PlcBRLAF🇬🇧United KingdomReal Estate1,39 billion $1,04 Bn£559,8 M$
89Kyndryl Holdings, Inc.KD🇺🇸United StatesTechnology1,37 billion $17,03 billion $
90Plug Power Inc.PLUG🇺🇸United StatesIndustrials1,37 billion $891,3 M$
91Melrose Industries PLCMLSPF🇬🇧United KingdomIndustrials1,36 billion $1,02 Bn£4,49 billion $
92Logan Group Company Limited3380.HK🇨🇳ChinaReal Estate1,34 billion $8,93 billion CN¥7,09 billion $
93Snap Inc.SNAP🇺🇸United StatesCommunication Services1,32 billion $4,61 billion $
94CIFI Holdings (Group) Co. Ltd.0884.HK🇨🇳ChinaReal Estate1,31 billion $8,73 billion CN¥10,80 billion $
95Jinke Property Group Co., Ltd.000656.SZ🇨🇳ChinaReal Estate1,31 billion $8,73 billion CN¥9,50 billion $
96Petco Health and Wellness Company, Inc.WOOF🇺🇸United StatesConsumer Cyclical1,28 billion $6,26 billion $
97Zhenro Properties Group Limited6158.HK🇨🇳ChinaReal Estate1,27 billion $8,47 billion CN¥5,83 billion $
98PGE Polska Grupa Energetyczna S.A.PGE.WA🇵🇱EuropeUtilities1,27 billion $5,01 million PLN24,31 billion $
99Peloton Interactive, Inc.PTON🇺🇸United StatesConsumer Cyclical1,26 billion $2,80 billion $
100Rabigh Refining and Petrochemical Company2380.SR🇸🇦OthersEnergy1,25 billion $4,69 Bn SAR11,89 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 2023 ranking established?
It ranks companies by their net loss for the fiscal year 2023, 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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