CPNG

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Coupang, Inc.

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Key Metrics

Previous Close: $16.66
52-Week Range: $14.92 – $34.08
Market Cap: $29.23B
P/E (TTM): —
EPS (TTM): -0.43
Dividend Yield: —

Advanced Metrics

Price/Book: 9.75
PEG Ratio: 0.45
Return on Equity: -20.00%
Return on Assets: -2.14%
Gross Margin: 28.35%
Operating Margin: -6.28%
Profit Margin: -2.16%
Current Ratio: 0.87
Debt/Equity: 1.89
Total Debt: $5.63B
Free Cash Flow: $-246.38M
Revenue Growth: 3.90%
Earnings Growth: —
Enterprise Value: $28.75B

CPNG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$20.58B	$24.38B	$30.27B	$34.53B
Cost of Revenue	$15.87B	$18.19B	$21.44B	$24.39B
Gross Profit	$4.71B	$6.19B	$8.83B	$10.14B
Selling, General & Admin	$4.82B	$5.72B	—	—
Operating Expenses	$4.82B	$5.72B	$8.39B	$9.67B
Operating Income	-$112.00M	$473.00M	$436.00M	$473.00M
EBITDA	$165.00M	$907.00M	$1.05B	$1.20B
Pretax Income	-$93.00M	$584.00M	$473.00M	$597.00M
Income Tax	-$1.00M	-$776.00M	$407.00M	$383.00M
Net Income	-$92.00M	$1.36B	$154.00M	$208.00M
Diluted EPS	-0.05	0.75	0.08	0.11
Diluted Shares	1.76B	1.80B	1.83B	1.85B

CPNG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$3.51B	$5.24B	$5.88B	$6.32B
Receivables	$184.00M	$314.00M	$407.00M	$363.00M
Inventory	$1.66B	$1.67B	$2.10B	$2.26B
Current Assets	$5.83B	$7.89B	$8.99B	$9.69B
Total Assets	$9.51B	$13.35B	$15.34B	$17.79B
Current Liabilities	$5.06B	$6.95B	$7.72B	$9.36B
Long-Term Debt	$538.00M	$529.00M	$988.00M	$648.00M
Total Debt	$2.40B	$2.79B	$3.73B	$4.63B
Total Liabilities	$7.10B	$9.26B	$11.24B	$13.16B
Retained Earnings	-$5.74B	-$4.38B	-$4.23B	-$4.02B
Shareholders' Equity	$2.41B	$4.09B	$4.10B	$4.62B
Working Capital	$767.00M	$947.00M	$1.28B	$334.00M

CPNG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$565.00M	$2.65B	$1.89B	$1.77B
Capital Expenditure	-$824.00M	-$896.00M	-$879.00M	-$1.25B
Free Cash Flow	-$259.00M	$1.76B	$1.01B	$522.00M
Depreciation & Amortisation	$231.00M	$275.00M	$433.00M	$517.00M
Stock-Based Compensation	$262.00M	$326.00M	$433.00M	$475.00M
Investing Cash Flow	-$848.00M	-$927.00M	-$819.00M	-$1.25B
Financing Cash Flow	$247.00M	$199.00M	-$69.00M	-$247.00M
Share Repurchases	$0.00	$0.00	-$178.00M	-$243.00M
Net Change in Cash	-$36.00M	$1.92B	$998.00M	$272.00M

CPNG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$7.91B	$8.52B	$9.27B	$8.84B	$8.50B
Cost of Revenue	$5.59B	$5.96B	$6.55B	$6.29B	$6.21B
Gross Profit	$2.32B	$2.56B	$2.72B	$2.54B	$2.30B
Operating Expenses	$2.16B	$2.41B	$2.56B	$2.54B	$2.54B
Operating Income	$154.00M	$149.00M	$162.00M	$8.00M	-$242.00M
EBITDA	$361.00M	$345.00M	$320.00M	$174.00M	-$99.00M
Pretax Income	$216.00M	$194.00M	$165.00M	$22.00M	-$255.00M
Income Tax	$102.00M	$163.00M	$70.00M	$48.00M	$11.00M
Net Income	$107.00M	$32.00M	$95.00M	-$26.00M	-$266.00M
Diluted EPS	0.06	0.02	0.05	-0.01	-0.15
Diluted Shares	1.84B	1.85B	1.86B	1.83B	1.82B

CPNG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$6.11B	$6.80B	$7.23B	$6.32B	$6.30B
Receivables	$484.00M	$499.00M	$393.00M	$363.00M	$351.00M
Inventory	$2.05B	$2.29B	$2.49B	$2.26B	$2.04B
Current Assets	$9.21B	$10.18B	$10.81B	$9.69B	$9.36B
Total Assets	$15.99B	$17.83B	$18.67B	$17.79B	$17.40B
Current Liabilities	$7.91B	$9.37B	$10.19B	$9.36B	$9.62B
Long-Term Debt	$1.00B	$850.00M	$618.00M	$648.00M	$617.00M
Total Debt	$4.08B	$4.58B	$4.95B	$4.63B	$5.40B
Total Liabilities	$11.59B	$13.15B	$13.93B	$13.16B	$13.47B
Retained Earnings	-$4.12B	-$4.09B	-$4.00B	-$4.02B	-$4.29B
Shareholders' Equity	$4.37B	$4.68B	$4.74B	$4.62B	$3.93B
Working Capital	$1.29B	$807.00M	$613.00M	$334.00M	-$260.00M

CPNG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$354.00M	$545.00M	$792.00M	$82.00M	$184.00M
Capital Expenditure	-$239.00M	-$299.00M	-$353.00M	-$360.00M	-$296.00M
Free Cash Flow	$115.00M	$246.00M	$439.00M	-$278.00M	-$112.00M
Depreciation & Amortisation	$122.00M	$126.00M	$133.00M	$136.00M	$143.00M
Stock-Based Compensation	$121.00M	$113.00M	$118.00M	$123.00M	$122.00M
Investing Cash Flow	-$213.00M	-$299.00M	-$366.00M	-$376.00M	-$302.00M
Financing Cash Flow	$16.00M	$92.00M	$152.00M	-$507.00M	$348.00M
Share Repurchases	$0.00	$0.00	-$81.00M	-$162.00M	-$391.00M
Net Change in Cash	$157.00M	$338.00M	$578.00M	-$801.00M	$230.00M

Market Snapshot

About

Coupang, Inc. operates the largest e-commerce platform in South Korea, offering online retail, delivery services, streaming entertainment, and financial services. The company operates Coupang.com marketplace selling general merchandise, groceries, fresh food, and other products with rapid delivery through its Rocket Delivery service. Coupang owns and operates fulfillment centers, logistics networks, and last-mile delivery capabilities providing fast, reliable delivery to South Korean consumers. The company also operates Coupang Eats (food delivery), Coupang Play (streaming video), and financial services. Founded in 2010 by Bom Kim and headquartered in Seoul, South Korea, Coupang went public in 2021 at a massive valuation backed by SoftBank and other investors. The company has built dominant e-commerce market share in South Korea through service quality, logistics investments, and customer obsession. Coupang faces competition from Naver, Kurly, traditional retailers, and profitability challenges from intensive logistics investments and competitive environment. The company achieved profitability and continues to invest in services expansion, operational efficiency, and potential international opportunities. Coupang benefits from defensible logistics infrastructure and strong market positions in South Korea.