Investlytic Rankings

2025 ranking of companies that lost the most money

Companies showing the largest net loss for the fiscal year 2025, according to their annual accounts.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2025·Calculated on 2026-11-01· 9513 companies ranked
Metric : net loss for the fiscal year 2025 (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
1REMSleep Holdings, Inc.RMSL🇺🇸United StatesHealthcare3 020 billion $16 721 $
2Stellantis N.V.STLA🇳🇱EuropeConsumer Cyclical24,98 billion $22,33 Md€171,68 billion $
3Zoomcar Holdings, Inc.ZCAR🇺🇸United StatesIndustrials14,62 billion $9,16 billion $
4China Vanke Co., Ltd.CHVKF🇨🇳ChinaReal Estate13,31 billion $88,56 billion CN¥35,08 billion $
5PJSC LukoilLKOH.ME🇷🇺OthersEnergy13,21 billion $1 064 billion ₽46,78 billion $
6Renault S.A.RNO.PA🇫🇷FranceConsumer Cyclical12,23 billion $10,93 Md€64,78 billion $
7EON Resources Inc.EONR🇺🇸United StatesEnergy10,10 billion $16,94 billion $
8Ford Motor CompanyF🇺🇸United StatesConsumer Cyclical8,18 billion $187,27 billion $
9Liberty Global plcLBTYA🇬🇧United KingdomCommunication Services7,14 billion $4,88 billion $
10Saudi Basic Industries Corporation2010.SR🇸🇦OthersBasic Materials6,87 billion $25,78 Bn SAR31,07 billion $
11Centene CorporationCNC🇺🇸United StatesHealthcare6,67 billion $194,78 billion $
12Paramount Skydance Corporation Class B Common StockPSKY🇺🇸United StatesCommunication Services6,19 billion $29,21 billion $
13The Kraft Heinz CompanyKHC🇺🇸United StatesConsumer Defensive5,85 billion $24,94 billion $
14Worldline S.A.WLN.PA🇫🇷FranceTechnology5,77 billion $5,16 Md€4,51 billion $
15Raízen S.A.RAIZ4.SA🇧🇷OthersUtilities4,98 billion $27,05 billion R$41,60 billion $
16Telefónica, S.A.TEF.MC🇪🇸EuropeCommunication Services4,83 billion $4,32 Md€39,28 billion $
17Vodafone Group Public Limited CompanyVOD🇬🇧United KingdomCommunication Services4,66 billion $4,17 Md€41,88 billion $
18Take-Two Interactive Software, Inc.TTWO🇺🇸United StatesTechnology4,48 billion $5,63 billion $
19Nissan Motor Co., Ltd.NSANY🇯🇵JapanConsumer Cyclical4,26 billion $670,90 Bn¥80,18 billion $
20Exor N.V.EXO.AS🇳🇱EuropeConsumer Cyclical4,24 billion $3,79 Md€1,17 billion $
21Anglo American plcNGLOY🇬🇧United KingdomBasic Materials4,22 billion $18,92 billion $
22Bayer AGBAYN.DE🇩🇪GermanyHealthcare4,05 billion $3,62 Md€50,97 billion $
23Greenland Holdings Corporation Limited600606.SS🇨🇳ChinaReal Estate3,94 billion $26,21 billion CN¥27,07 billion $
24MicroStrategy IncorporatedMSTR🇺🇸United StatesTechnology3,85 billion $477,2 M$
25Nexi S.p.A.NEXI.MI🇮🇹EuropeTechnology3,78 billion $3,38 Md€7,02 billion $
26VinFast Auto Ltd.VFS🇻🇳OthersConsumer Cyclical3,76 billion $97 042 Bn₫3,51 billion $
27Rivian Automotive, Inc.RIVN🇺🇸United StatesConsumer Cyclical3,65 billion $5,39 billion $
28Red Star Macalline Group Corporation Ltd.601828.SS🇨🇳ChinaReal Estate3,62 billion $24,09 billion CN¥989,2 M$
29Fosun International LimitedFOSUY🇨🇳ChinaIndustrials3,52 billion $23,40 billion CN¥26,06 billion $
30International Paper CompanyIP🇺🇸United StatesConsumer Cyclical3,52 billion $24,90 billion $
31Viatris Inc.VTRS🇺🇸United StatesHealthcare3,51 billion $14,30 billion $
32MeituanMPNGY🇨🇳ChinaConsumer Cyclical3,51 billion $23,36 billion CN¥54,83 billion $
33China Fortune Land Development Co., Ltd.600340.SS🇨🇳ChinaReal Estate3,44 billion $22,86 billion CN¥1,29 billion $
34New World Development Company LimitedNWWDF🇭🇰Hong KongReal Estate3,33 billion $26,16 HK$ Bn2,66 billion $
35Agile Group Holdings LimitedAGPYY🇨🇳ChinaReal Estate3,23 billion $21,51 billion CN¥4,19 billion $
36Alight, Inc.ALIT🇺🇸United StatesTechnology3,10 billion $2,26 billion $
37Transocean Ltd.RIG🇨🇭EuropeEnergy2,92 billion $3,96 billion $
38Vodafone Idea LimitedIDEA.BO🇮🇳IndiaCommunication Services2,88 billion $273,83 Bn₹4,58 billion $
39Moderna, Inc.MRNA🇺🇸United StatesHealthcare2,82 billion $1,94 billion $
40Sistema Public Joint Stock Financial CorporationAFKS.ME🇷🇺OthersCommunication Services2,76 billion $222,22 billion ₽16,54 billion $
41Lucid Group, Inc.LCID🇺🇸United StatesConsumer Cyclical2,70 billion $1,35 billion $
42China Aoyuan Group Limited3883.HK🇨🇳ChinaReal Estate2,67 billion $17,76 billion CN¥1,39 billion $
43Dow Inc.DOW🇺🇸United StatesBasic Materials2,62 billion $39,97 billion $
44Zhenro Properties Group Limited6158.HK🇨🇳ChinaReal Estate2,62 billion $17,44 billion CN¥1,47 billion $
45SK Innovation Co., Ltd.096775.KS🇰🇷KoreaEnergy2,51 billion $3 348 Md₩60,18 billion $
46Guangzhou R&F Properties Co., Ltd.GZUHF🇨🇳ChinaReal Estate2,47 billion $16,43 billion CN¥1,64 billion $
47Polestar Automotive Holding UK PLCPSNY🇸🇪EuropeConsumer Cyclical2,36 billion $3,06 billion $
48Brookfield Renewable CorporationBEPC🇺🇸United StatesUtilities2,34 billion $3,73 billion $
49Forvia SEFRVIA.PA🇫🇷FranceConsumer Cyclical2,34 billion $2,09 Md€23,87 billion $
50FMC CorporationFMC🇺🇸United StatesBasic Materials2,24 billion $3,47 billion $
51Chongqing Zhifei Biological Products Co., Ltd.300122.SZ🇨🇳ChinaHealthcare2,21 billion $14,72 billion CN¥1,35 billion $
52NIO Inc.NIO🇨🇳ChinaConsumer Cyclical2,19 billion $14,57 billion CN¥13,15 billion $
53Tilray Brands, Inc.TLRY🇨🇦CanadaHealthcare2,19 billion $821,3 M$
54Shenzhen Overseas Chinese Town Co.,Ltd.000069.SZ🇨🇳ChinaConsumer Cyclical2,18 billion $14,50 billion CN¥4,72 billion $
55Molson Coors Beverage CompanyTAP🇺🇸United StatesConsumer Defensive2,14 billion $11,14 billion $
56Molson Coors Canada Inc.MXGBF🇨🇦CanadaConsumer Defensive2,14 billion $11,14 billion $
57Dentsu Group Inc.DNTUY🇯🇵JapanCommunication Services2,08 billion $327,60 Bn¥9,11 billion $
58Sony Group CorporationSONY🇯🇵JapanTechnology2,07 billion $326,87 Bn¥79,20 billion $
59Gemdale Corporation600383.SS🇨🇳ChinaReal Estate2,00 billion $13,28 billion CN¥5,38 billion $
60StubHub Holdings, Inc.STUB🇺🇸United StatesTechnology1,91 billion $1,75 billion $
61Sunac China Holdings Limited1918.HK🇨🇳ChinaReal Estate1,85 billion $12,33 billion CN¥6,78 billion $
62New Fortress Energy Inc.NFE🇺🇸United StatesUtilities1,84 billion $1,50 billion $
63Braskem S.A.BAK🇧🇷OthersBasic Materials1,82 billion $9,88 billion R$13,03 billion $
64Cosan S.A.CSAN3.SA🇧🇷OthersEnergy1,79 billion $9,72 billion R$7,45 billion $
65Lumen Technologies, Inc.LUMN🇺🇸United StatesCommunication Services1,74 billion $12,40 billion $
66The Goodyear Tire & Rubber CompanyGT🇺🇸United StatesConsumer Cyclical1,72 billion $18,28 billion $
67Banque nationale de Belgique S.A.BNB.BR🇧🇪EuropeFinancial Services1,70 billion $1,52 Md€5,48 billion $
68Sandisk CorporationSNDK🇺🇸United StatesTechnology1,64 billion $7,36 billion $
69Plug Power Inc.PLUG🇺🇸United StatesIndustrials1,63 billion $709,9 M$
70Xiamen C&D Inc.600153.SS🇨🇳ChinaIndustrials1,63 billion $10,81 billion CN¥100,89 billion $
71Wolfspeed, Inc.WOLF🇺🇸United StatesTechnology1,61 billion $757,6 M$
72Six Flags Entertainment CorporationFUN🇺🇸United StatesConsumer Cyclical1,60 billion $3,10 billion $
73Jastrzebska Spólka Weglowa S.A.JSW.WA🇵🇱EuropeEnergy1,57 billion $6,21 million PLN2,38 billion $
74Atos SEATO.PA🇫🇷FranceTechnology1,57 billion $1,40 Md€8,95 billion $
75Horizon Robotics9660.HK🇨🇳ChinaTechnology1,53 billion $10,20 billion CN¥550,2 M$
76Lotte Chemical Corporation011170.KS🇰🇷KoreaBasic Materials1,53 billion $2 037 Md₩13,85 billion $
77Westlake CorporationWLK🇺🇸United StatesBasic Materials1,51 billion $11,17 billion $
78Ronshine China Holdings Limited3301.HK🇨🇳ChinaReal Estate1,50 billion $9,96 billion CN¥1,07 billion $
79Cleveland-Cliffs Inc.CLF🇺🇸United StatesBasic Materials1,48 billion $18,61 billion $
80Universal Entertainment CorporationUETMF🇯🇵JapanConsumer Cyclical1,47 billion $231,43 Bn¥779,5 M$
81Tongwei Co.,Ltd600438.SS🇨🇳ChinaConsumer Defensive1,44 billion $9,55 billion CN¥12,64 billion $
82Alexandria Real Estate Equities, Inc.ARE🇺🇸United StatesReal Estate1,43 billion $2,97 billion $
83Zhuhai Huafa Properties Co.,Ltd600325.SS🇨🇳ChinaReal Estate1,43 billion $9,50 billion CN¥12,54 billion $
84Perrigo Company plcPRGO🇮🇪EuropeHealthcare1,43 billion $4,25 billion $
85RiseSun Real Estate Development Co.,Ltd002146.SZ🇨🇳ChinaReal Estate1,42 billion $9,43 billion CN¥4,01 billion $
86TCL Zhonghuan Renewable Energy Technology Co.,Ltd.002129.SZ🇨🇳ChinaTechnology1,39 billion $9,26 billion CN¥4,36 billion $
87JG Summit Holdings, Inc.JGSHF🇵🇭OthersIndustrials1,39 billion $88,34 Bn₱5,78 billion $
88Fantasia Holdings Group Co., Limited1777.HK🇨🇳ChinaReal Estate1,38 billion $9,19 billion CN¥740,2 M$
89Equitable Holdings, Inc.EQH🇺🇸United StatesFinancial Services1,38 billion $11,66 billion $
90LG Chem, Ltd.051915.KS🇰🇷KoreaBasic Materials1,36 billion $1 819 Md₩34,43 billion $
91ACSL Ltd.6232.T🇯🇵JapanTechnology1,36 billion $213,94 Bn¥2,59 billion $
92Accelerant HoldingsARX🇰🇾OthersFinancial Services1,35 billion $879,5 M$
93LVGEM (China) Real Estate Investment Company Limited0095.HK🇭🇰Hong KongReal Estate1,32 billion $8,80 billion CN¥280,4 M$
94Guangzhou Automobile Group Co., Ltd.GNZUF🇨🇳ChinaConsumer Cyclical1,32 billion $8,78 billion CN¥14,24 billion $
95Wingtech Technology Co.,Ltd600745.SS🇨🇳ChinaTechnology1,31 billion $8,75 billion CN¥4,70 billion $
96Marathon Digital Holdings, Inc.MARA🇺🇸United StatesFinancial Services1,31 billion $907,1 M$
97Opendoor Technologies Inc.OPEN🇺🇸United StatesReal Estate1,30 billion $4,37 billion $
98Snowflake Inc.SNOW🇺🇸United StatesTechnology1,29 billion $3,63 billion $
99Concentrix CorporationCNXC🇺🇸United StatesTechnology1,28 billion $9,83 billion $
100Insmed IncorporatedINSM🇺🇸United StatesHealthcare1,28 billion $606,4 M$

⚠ 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 2025 ranking established?
It ranks companies by their net loss for the fiscal year 2025, 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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