Matthew 25 and the previous chapter, Matthew 24, are the only two chapters in the four gospels for which Swedenborg offered verse by verse explanations. It's great that we have these, because we get some assurance that the methods that he used in his exegesis of Genesis, Exodus, and Revelation can also be applied to the gospels.

The commentary on Matthew 25 is divided into chunks associated with explanations of chapters in Genesis, in the middle of "Arcana Coelestia". For chapter 25, it starts in Arcana Coelestia 4635-4638. Here's an excerpt from no. 4636:

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"The Lord used this parable to describe His own coming. This is clear from every detail in it as well as from the final sentence where He says, 'Watch therefore, for you do not know the day, nor the hour, in which the Son of Man will be coming' - words similar to those used in Chapter 24.... It has been shown already that His coming is the close of the age or the final period of the Church."

Next, in Arcana Coelestia 4637, there's a strong clear attestation to the power and importance of the internal sense of the Word:

"Consequently anyone who does not know this cannot make anything else out of the Lord's parables than ordinary comparisons which hold nothing deeper within them, as with this particular parable concerning the ten virgins. He makes nothing more out of it if he does not know what 'virgins' means in the internal sense, and also what ten, five, lamps, vessels, oil, those who sell, a wedding feast, and every other detail mean. And the same is true with all other parables. As has been stated, the details mentioned by the Lord in them look, in the outward form they take, like ordinary comparisons, but in their internal form their nature is such that they fill the whole of heaven. This is because the internal sense is contained within every detail, and that sense is such that its spiritual and celestial content spreads like light and flame throughout the heavens in all directions. That sense is utterly superior to the sense of the letter, flowing from every phrase and every word, indeed from every tiny letter."

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(Swedenborg's exegesis of the chapter continues in 4662-4664, 4807-4810, 4954-4959, and 5063-5071. It's well worth the read!)

Also, we'll append the commentary on this chapter that Rev. John Clowes wrote back in the 1850's:

Verses 1, 2, 3, 4. That in the last time of the old church and the first of the now, they who are of the church will receive spiritual truths, and some will be in truths wherein is the good of love and charity, and some in truths wherein is no good of love and charity.

Verse 5. That by reason of delay, they will be sluggish in the things of the church, and will cherish doubt.

Verse 6. But that at the last time of the old church and the first of the new, there will be a change, for then will be the judgement, namely, acceptance and rejection.

Verses 7, 8. And then all will prepare themselves, and they who are in truths without the good of love and charity will be willing to have good communicated from others to their empty truths.

Verse 9. But this is impossible, since no good can then be communicated but the good of merit.

Verse 10. Wherefore the application is preposterous, because none can be received into heaven but those who are principled in good and thence in truth.

Verse 11. Nevertheless, they who are in truths without good, are willing to enter from faith alone without charity, and from works in which is no life of the Lord, but only the life of self.

Verse 12. But they are rejected, because they are not in any charity towards their neighbour, nor by it in conjunction with the Lord.

Verse 13. Therefore the life ought to be regulated according to the precepts of faith, because the time of acceptance, and the state, is unknown to man.

Verses 14, 15. For the Lord gives to all who are in the church the knowledges of truth and good from the Word, with the faculty of perceiving them.

Verses 16, 17, 18. And by these knowledges and this faculty, some procure to themselves much intelligence and wisdom, and others procure some, and others none.

Verses 19-23. Wherefore at the Lord's coming, they who had procured much intelligence and wisdom, and they who had procured some, are accepted of the Lord, and gifted by Him with dominion over all evils and falsities, and admitted to conjunction of life with Himsel

Verses 24-31. But they who had procured none are then deprived of the truths which they had possessed in the memory only, and not in the life, and become principled in mere falsities separated from all good and truth.

Verses 24, 25. For not having joined charity to faith, they think harshly of the Divine Mercy, and act from mere natural fear, which obscures the knowledges of heavenly truth.

Verses 26, 27. Whereas they ought rather, by those knowledges, to have procured to themselves charity, and thus have attained conjunction of life with the Lord.

Verses 28, 29. Therefore those knowledges are taken away from them, and conferred on those who apply them to the reformation of their lives.

Verse 30. And they who have lived in faith alone without charity, are deprived of all the truths of faith, and all the goods of charity, having their lot with those who are in mere evils and falsities.

Verse 31. For when Divine Truth shall appear in its light, through the angelic heaven, then shall be the judgement.

Verse 32. And then shall the goods and evils of all be made manifest in the Light Divine, and there shall be a separation of what is good from what is evil, or of those who are in charity and thence in faith, from those who are in faith alone, and not in charity.

Verse 33. And this separation will be according to truths derived from good with the good, and according to falsities derived from evil with the evil, thus every one will be arranged according to his life.

Verse 34. Then shall they who are in charity and thence in faith be received amongst those in heaven who are in truth; derived from good.

Verses 35, 36. Since they are in the affection of good and truth, because proceeding from the Lord, and are averse from what is evil and false, because proceeding from themselves, and thus are in humiliation grounded in self-acknowledgment, and thence in all the offices of charity.

Verses 37, 38, 39. And yet if they had seen the Lord Himself in all the offices of charity, every one would have done them, but not from love to Him, but from fear, nor for the sake of Him, but for the sake of themselves.

Verse 40. Nevertheless the truth is that the Lord is present with those who are in the good of love and charity because He is in that good itself.

Verse 41. But they who are in faith and not in charity, will then avert themselves from all good and truth, and convert themselves to what is evil and false, and remain in the craving of infernal evil.

Verses 42, 43. Since they have never been in the affection of good and truth because proceeding from the Lord, nor averse from what is evil and false because proceeding from themselves, nor in humiliation grounded in self-acknowledgement, nor in any offices of charity thence derived.

Verse 44. And yet in the external form they have done those offices, but not from a principle of love to the Lord, but from fear, thus not for the sake of Him, but of themselves.

Verse 45. For they who are not in the affection of good and truth from the Lord, are not influenced by love to the Lord, but by self-love.

Verse 46. All such therefore will be everlastingly tormented by the concupiscences of evil, but they who are in the good of charity, will have life from that good, because it is from the Lord, who is the life itself.

4638. Then the kingdom of heaven will be like ten virgins means the final period of the old Church and the first of the new. The Church is the Lord's kingdom on earth; 'the ten virgins' are all who belong to the Church, that is to say, both those who are governed by good and truth, and those who are under the influence of evil and falsity. 'Ten' in the internal sense means remnants, also that which is full and complete, and so means all, while 'virgins' means those who belong to the Church, as in other places in the Word.

[2] Who took their lamps means spiritual things which have what is celestial within them, or truths that have good within them, or what amounts to the same, faith that has charity towards the neighbour within it, and charity that has love to the Lord within it. For 'oil' means the good of love, dealt with below; but 'lamps that have no oil in them' means those same things when there is no good within them.

[3] They went out to meet the Bridegroom means their reception.

Five of them however were wise, but five were foolish means that one group of them possessed truths which had good within them, and another group possessed truths which did not have good within them. The former are 'the wise', but the latter 'the foolish'. In the internal sense 'five' means some, in this case therefore a group from within the whole.

Taking their lamps the foolish did not take oil with them means that they did not have within their truths the good of charity, 'oil' in the internal sense being the good of charity and love.

Whereas the wise took oil in their vessels with their lamps means that they did have within their truths the good of charity and love - 'vessels' being matters of doctrine concerning faith.

[4] While the Bridegroom was tarrying they were all drowsy and went to sleep means delay, and therefore doubt. In the internal sense, 'being drowsy' means becoming, because of the delay, inattentive to things of the Church, while 'going to sleep' means nurturing doubt, in the case of 'the wise' doubt that goes with an affirmative attitude of mind, but in the case of 'the foolish' doubt that goes with a negative one.

At midnight there was a shout means the period of time which is the final one of the old Church and the first of the new. In the Word when the subject is the state of the Church this period is called 'night'. 'A shout' means a change taking place.

Behold, the Bridegroom is coming; go out to meet Him means judgement, that is to say, a time of being accepted or rejected.

[5] Then all those virgins were roused and they trimmed their lamps means the preparation of all, for those whose truths do not have good within them believe themselves to be no less accepted than those whose truths do have good within them. Indeed they imagine that faith alone saves and are unaware of the fact that no faith can exist where no charity does so.

But the foolish said to the wise, Give us some of your oil, for our lamps are going out means their desire for that good to be communicated from others to their own empty truths, that is, to their own hollow faith. For those who are in the next life communicate to one another every spiritual or celestial thing they possess, though only through good.

[6] But the wise replied, saying, Perhaps there will not be enough for us and for you means that no communication of it is possible because the small amount of good they have would be taken away from them. For in the next life, when good is communicated to those whose truths are devoid of good, they take away good so to speak from those who do have it and then keep it to themselves. They do not communicate it to others but defile it, which is why no good is communicated to them. My own experience of these people will be seen at the end of Chapter 37 below.

[7] Go rather to those who sell and buy for yourselves means meritorious good. Those who boast of having this kind of good are meant by 'those who sell'. Also, more than all others in the next life, people whose truth has no good within it think that they have earned merit through every deed they have performed which to all outward appearance looked like good, though inwardly it was evil, as the Lord says of them in Matthew, Many will say to Me on that day, Lord, Lord, did we not prophesy by Your name, and by Your name cast out demons, and do many mighty works in Your name? But then I will confess to them, I do not know you; depart from Me, you workers of iniquity! Matthew 7:22-23.

And in Luke,

Once the Householder has risen up and shut the door, then you will begin to stand outside and to knock at the door, saying, Lord, Lord, open to us. But He replying will say to you, I do not know where you come from. Then you will begin to say, We ate in your presence and we drank; and You taught in our Streets. But He will say, I tell you, I do not know where you come from; depart from Me, all you workers of iniquity! Luke 13:25-27.

This describes what those meant here by the foolish virgins are like, and that is why the following words referring to them occur in this parable - they 'came also, saying, Lord, Lord, open to us. But he replying said, Truly, I say to you, I do not know you'.

[8] While they were going to buy however, the Bridegroom came means their perverse approach.

And those who were ready went in with Him to the wedding feast means that those who were governed by good, and from this by truth, were accepted into heaven. Heaven is likened to a wedding feast by virtue of the heavenly marriage, which is a marriage of good and truth, and the Lord to the Bridegroom because these people are joined to Him, while the Church is therefore called the Bride.

And the door was shut means that no others can enter.

[9] Afterwards the remaining virgins came also, saying, Lord, Lord, open to us means that they wish to enter on the basis of faith alone without charity, and of works in which the life of the Lord is not present, only selfish life.

But He replying said, Truly, I say to you, I do not know you means rejection. In the internal sense 'not knowing them' means that they lack any charity towards the neighbour, and are not joined through such charity to the Lord. Those who are not so joined to Him are said 'not to be known' by Him.

[10] Watch therefore, for you do not know the day, nor the hour, in which the Son of Man will be coming means an eagerness to live according to the commandments constituting a person's faith, meant by 'watching'. The actual time of acceptance, which is unknown to a person, and his state then, are meant by 'you do not know the day, nor the hour, in which the Son of Man will be coming'. One who is governed by good, that is, whose deeds conform to the commandments, is called 'wise', but one who has a knowledge of the truth, yet does not act in accordance with this, is called 'foolish', as they are elsewhere by the Lord in Matthew,

Everyone who hears My words and does them I will liken to a wise man. But everyone hearing My words and not doing them will be likened to a foolish man. Matthew 7:24, 26.