Coupang, Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total revenue	34.53	30.27	24.38	20.58	18.41	11.97	6.27	4.05
Cost of revenue	24.39	21.44	18.19	15.87	15.46	9.98	5.24	3.86
Gross profit	10.14	8.83	6.19	4.71	2.95	1.99	1.03	0.19
Total operating expenses +	9.67	8.40	5.72	4.82	4.45	2.50	1.68	1.24
Selling, general and administrative	9.67	8.40	5.72	4.82	4.45	2.50	1.68	1.24
Research and development
Other operating expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	0.47	0.44	0.47	-0.11	-1.49	-0.52	-0.64	-1.05
Non-operating income (net)	0.12	0.04	0.11	0.02	-0.05	0.05	-0.06	-0.04
Income before tax	0.60	0.47	0.58	-0.09	-1.54	-0.46	-0.70	-1.10
Income tax expense	0.38	0.41	-0.78	0.00	0.00	0.00	0.00	0.00
Net income	0.21	0.15	1.36	-0.09	-1.54	-0.46	-0.70	-1.10

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17
Total revenue	8.50	8.84	9.27	8.52	7.91	7.97	7.87	7.32	7.11	6.56	6.18	5.84	5.80	5.33	5.10	5.04	5.12	5.08	4.64	4.48	4.21	3.80	3.14	2.61	2.41	1.57	1.57	1.57	1.57	1.01	1.01	1.01	1.01
Cost of revenue	6.21	6.29	6.55	5.96	5.59	5.47	5.60	5.18	5.19	4.88	4.62	4.31	4.38	4.05	3.87	3.88	4.07	4.27	3.89	3.82	3.47	3.15	2.67	2.17	1.98	1.31	1.31	1.31	1.31	0.97	0.97	0.97	0.97
Gross profit	2.30	2.54	2.72	2.56	2.32	2.49	2.27	2.14	1.93	1.68	1.57	1.52	1.42	1.28	1.23	1.15	1.04	0.81	0.75	0.66	0.73	0.65	0.47	0.44	0.43	0.26	0.26	0.26	0.26	0.05	0.05	0.05	0.05
Total operating expenses +	2.54	2.54	2.56	2.41	2.16	2.18	2.16	2.17	1.89	1.55	1.48	1.38	1.31	1.20	1.16	1.22	1.25	1.20	1.07	1.17	1.00	0.79	0.68	0.53	0.50	0.42	0.42	0.42	0.42	0.31	0.31	0.31	0.31
Selling, general and administrative	2.54	2.54	2.56	2.41		2.18	2.16	2.17	1.89	1.55	1.48	1.38	1.31	1.20	1.16	1.22	1.25	1.20	1.07	1.17	1.00	0.79	0.68	0.53	0.50	0.42	0.42	0.42	0.42	0.31	0.31	0.31	0.31
Research and development
Other operating expenses	0.00	0.00	0.00	0.00	2.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	-0.24	0.01	0.16	0.15	0.15	0.31	0.11	-0.03	0.04	0.13	0.09	0.15	0.11	0.08	0.08	-0.07	-0.21	-0.40	-0.32	-0.51	-0.27	-0.14	-0.22	-0.10	-0.07	-0.16	-0.16	-0.16	-0.16	-0.26	-0.26	-0.26	-0.26
Non-operating income (net)	-0.01	0.01	0.00	0.05	0.06	-0.03	0.02	0.03	0.02	0.04	0.03	0.02	0.02	0.01	0.02	-0.01	0.00	-0.01	-0.01	0.00	-0.03	0.05	0.04	-0.01	-0.03	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Income before tax	-0.26	0.02	0.17	0.19	0.22	0.28	0.13	0.00	0.06	0.17	0.12	0.17	0.12	0.09	0.10	-0.08	-0.21	-0.40	-0.32	-0.52	-0.30	-0.09	-0.17	-0.10	-0.11	-0.17	-0.17	-0.17	-0.17	-0.27	-0.27	-0.27	-0.27
Income tax expense	0.01	0.05	0.07	0.16	0.10	0.15	0.07	0.11	0.08	-0.86	0.03	0.03	0.03	-0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net income	-0.27	-0.03	0.10	0.03	0.11	0.16	0.07	-0.08	0.01	1.03	0.09	0.15	0.09	0.10	0.09	-0.08	-0.21	-0.40	-0.32	-0.52	-0.30	-0.09	-0.17	-0.10	-0.11	-0.17	-0.17	-0.17	-0.17	-0.27	-0.27	-0.27	-0.27

about 6 hours ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total cash and short-term investments +	6.32	6.30	5.24	3.53	3.49	1.27	1.23	0.61
Cash and cash equivalents	6.32	5.88	5.24	3.51	3.49	1.25	1.22	0.61
Short-term investments		0.42		0.02		0.02	0.00
Accounts receivable, net	0.36	0.41	0.31	0.18	0.18	0.07	0.06	0.03
Inventories	2.26	2.10	1.67	1.66	1.42	1.16	0.63	0.39
Other current assets	0.75	0.61	0.67	0.48	0.55	0.36	0.24	0.21
Total current assets	9.69	8.99	7.89	5.83	5.64	2.84	2.16	1.23
Total non-current assets +	8.10	6.35	5.45	3.68	3.01	2.23	1.07	0.42
Property, plant and equipment, net				3.23	2.72	2.03	1.00	0.37
Goodwill					0.01	0.00	0.00	0.00
Intangible assets	0.19	0.27	0.04		0.01	0.00	0.00
Long-term investments
Other non-current assets
Total assets	17.79	15.34	13.35	9.51	8.64	5.07	3.23	1.65

Total current liabilities +	9.36	7.72	6.95	5.06	4.74	3.73	1.88	1.54
Accounts payable	6.30	5.55	5.10	3.62	3.44	2.91	1.59	1.18
Short-term debt	1.51	0.97	0.87	0.63	0.64	0.43	0.11	0.24
Current portion of long-term debt	0.96	0.55	0.49	0.30	0.35	0.22	0.01
Deferred revenue
Other current liabilities	1.37	1.05	0.88	0.72	0.57	0.33	0.15	0.11
Total non-current liabilities +	3.81	3.53	2.31	2.04	1.72	5.40	4.88	0.86
Long-term debt	0.65	0.99	0.53	0.54	0.28	0.94	0.77
Capital lease obligations	3.03	2.19	1.77	1.56	1.49	1.07	0.49
Other non-current liabilities				0.26	1.44
Total liabilities	13.16	11.24	9.26	7.10	6.47	9.14	6.76	2.40

Total stockholders' equity +	4.62	4.10	4.09	2.41	2.18	-4.07	-3.53	-0.75
Common stock and paid-in capital	8.64	8.33	8.47	8.16	7.83	0.04	0.03	2.11
Retained earnings	-4.02	-4.23	-4.38	-5.74	-5.65	-4.11	-3.57	-2.87
Common shares outstanding	1,855	1,826	1,803	1,765	1,424	1,707	1,600	1,600

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17
Total cash and short-term investments +	6.30	6.32	7.23	6.80	6.11	6.30	5.82	5.54	5.23	5.24	4.89	4.55	3.79	3.53	2.90	3.11	3.37	3.49	3.93	4.28	4.33	1.27	0.00	0.00	1.22	0.31	0.31	0.31	0.31	0.00	0.00	0.00	0.00
Cash and cash equivalents	6.30	6.32	7.23	6.80	6.11	5.88	5.82	5.54	5.23	5.24	4.86	4.47	3.79	3.51	2.90	3.11	3.37	3.49	3.93	4.28	4.33	1.25			-1.22	0.31	0.31	0.31	0.31
Short-term investments						0.42					0.04	0.07		0.02								0.02			2.44
Accounts receivable, net	0.35	0.36	0.39	0.50	0.48	0.41	0.52	0.55	0.60	0.31	0.29	0.14	0.13	0.18	0.17	0.19	0.17	0.18	0.13	0.13	0.08	0.07				0.02	0.02	0.02	0.02
Inventories	2.04	2.26	2.49	2.29	2.05	2.10	2.18	1.99	1.94	1.67	1.64	1.57	1.67	1.66	1.41	1.45	1.38	1.42	1.21	1.23	1.31	1.16				0.16	0.16	0.16	0.16
Other current assets	0.67	0.75	0.70	0.60	0.56	0.61	0.69	0.73	0.80	0.67	0.65	0.54	0.53	0.48	0.45	0.41	0.56	0.55	0.64	0.38	0.24	0.36
Total current assets	9.36	9.69	10.81	10.18	9.21	8.99	9.21	8.81	8.57	7.89	7.43	6.72	6.11	5.83	4.93	5.16	5.48	5.64	5.91	6.03	6.16	2.84			1.22	0.54	0.54	0.54	0.54
Total non-current assets +	8.04	8.10	7.86	7.66	6.78	6.35	7.13	6.39	6.38	5.45	4.13	3.97	3.60	3.68	3.20	3.26	3.21	3.01	2.68	2.55	2.44	2.23			-1.22	0.27	0.27	0.27	0.27
Property, plant and equipment, net											3.68	2.12	1.81	3.23	2.83	1.47	1.43	2.72	2.43	2.29	2.20
Goodwill															0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00				0.00	0.00	0.00	0.00
Intangible assets	0.18	0.19	0.20	0.21	0.22	0.27	0.31	0.32	0.35	0.04					0.01	0.01				0.00	0.00
Long-term investments
Other non-current assets
Total assets	17.40	17.79	18.67	17.83	15.99	15.34	16.34	15.20	14.95	13.35	11.56	10.69	9.71	9.51	8.13	8.43	8.69	8.64	8.59	8.57	8.60	5.07				0.81	0.81	0.81	0.81

Total current liabilities +	9.62	9.36	10.19	9.37	7.91	7.72	8.19	7.86	7.44	6.95	6.51	5.64	5.17	5.06	4.03	4.26	4.49	4.74	4.58	4.54	3.92	3.73				0.47	0.47	0.47	0.47
Accounts payable	5.97	6.30	6.80	6.49	5.70	5.55	5.90	5.62	5.37	5.10	4.62	4.08	3.68	3.62	2.94	3.29	3.33	3.44	3.22	3.20	2.96	2.91
Short-term debt	1.67	1.51	1.89	1.46	1.00	0.97	0.86	0.93	0.89	0.87	0.97	0.75	0.69	0.63	0.44	0.36	0.50	0.64	0.81	0.89	0.54	0.43				0.00	0.00	0.00	0.00
Current portion of long-term debt	1.67	0.96	1.37	0.95	0.56	0.55	0.40	0.50	0.47	0.49	0.61	0.42	0.37	0.30	0.16	0.05	0.20	0.35	0.55	0.64	0.33	0.22
Deferred revenue
Other current liabilities	1.80	1.37	1.51	1.24	1.04	1.05	1.24	1.17	1.04	0.88	0.84	0.72	0.70	0.72	0.52	0.51	0.56	0.57	0.47	0.38	0.35	0.33
Total non-current liabilities +	3.85	3.81	3.73	3.78	3.68	3.53	3.88	3.39	3.32	2.31	2.13	2.27	1.98	2.04	1.93	2.09	2.16	1.72	1.44	1.24	1.40	5.40				1.22	1.22	1.22	1.22
Long-term debt	0.62	0.65	0.62	0.85	1.00	0.99	1.19	1.05	1.06	0.53	0.53	0.72	0.52	0.54	0.56	0.60	0.61	0.28	0.17	0.00	0.27	0.94
Capital lease obligations	3.11	3.03	2.96	2.78	2.52	2.19	2.43	2.17	2.09	1.77	1.65	1.59	1.50	1.56	1.42	1.57	1.60	1.49	1.36	1.32	1.20	1.07
Other non-current liabilities					0.60			0.60	0.59		0.31	1.55	1.45	0.26	1.36	1.50	1.55	1.44	1.27	1.23	1.13
Total liabilities	13.47	13.16	13.93	13.15	11.59	11.24	12.07	11.25	10.75	9.26	8.63	7.91	7.15	7.10	5.95	6.36	6.66	6.47	6.02	5.77	5.32	9.14				1.69	1.69	1.69	1.69

Total stockholders' equity +	3.93	4.62	4.74	4.69	4.37	4.10	4.19	3.86	4.08	4.09	2.93	2.78	2.56	2.41	2.17	2.07	2.04	2.18	2.57	2.80	3.28	-4.07			-0.06	-0.88	-0.88
Common stock and paid-in capital	8.22	8.64	8.74	8.78	8.49	8.33	8.57	8.31	8.46	8.47	8.34	8.28	8.21	8.16	8.02	8.00	7.90	7.83	7.81	7.72	7.68	0.04	0.00	0.00	-0.06	0.01	0.01	0.89	0.89	0.00	0.00	0.00	0.00
Retained earnings	-4.29	-4.02	-4.00	-4.09	-4.12	-4.23	-4.39	-4.46	-4.38	-4.38	-5.42	-5.51	-5.65	-5.74	-5.84	-5.94	-5.86	-5.65	-5.25	-4.92	-4.40	-4.11				-0.89	-0.89	-0.89	-0.89
Common shares outstanding	1,825	1,855	1,864	1,855	1,840	1,837	1,829	1,789	1,815	1,803	1,808	1,800	1,794	1,765	1,791	1,763	1,757	1,752	1,747	1,743	1,733	1,725	1,600	1,600	1,600	1,600	1,600	1,600	1,600	1,600	1,600	1,600	1,600

about 6 hours ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Operating cash flow +	1.77	1.89	2.65	0.57	-0.41	0.30	-0.31	-0.69
Net income
Depreciation, depletion and amortization	0.52	0.43	0.28	0.23	0.20	0.13	0.07	0.05
Stock-based compensation	0.48	0.43	0.33	0.26	0.25	0.03	0.02	0.03
Change in inventory	-0.23	-0.38	-0.04	-0.37	-0.53	-0.50	-0.28	-0.16
Other working capital changes	1.01	1.40	2.10	0.44	-0.33	0.65	-0.12	-0.62
Cash flow from investing +	-1.25	-0.82	-0.93	-0.85	-0.68	-0.52	-0.22	-0.09
Capital expenditures	-1.25	-0.88	-0.90	-0.82	-0.67	-0.48	-0.22	-0.09
Others incl. marketable securities changes	0.00	0.06	-0.03	-0.02	0.00	-0.04	0.00	0.00
Cash flow from financing +	-0.25	-0.07	0.20	0.25	3.58	0.18	1.18	1.24
Dividend payout							-1.52
Common stock repurchases	-0.24	-0.18	0.00	0.02	3.48	-0.10	-0.11	0.00
Net Debt Issuance	0.00	0.11	0.20	0.23	0.10	0.28	2.82	1.24

Change in cash	0.27	1.00	1.92	-0.04	2.49	-0.04	0.65	0.46

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Sep-19	Jun-19	Mar-19	Dec-18	Sep-18	Jun-18	Mar-18	Dec-17
Operating cash flow +	0.18	0.02	0.81	0.55	0.35	0.68	0.33	0.66	0.21	0.61	0.72	0.82	0.50	0.58	0.06	-0.02	-0.05	-0.20	-0.06	0.03	-0.18	0.02	0.21	-0.24	0.31	-0.08	-0.08	-0.08	-0.08	-0.17	-0.17	-0.17	-0.17
Net income
Depreciation, depletion and amortization	0.14	0.14	0.13	0.13	0.12	0.12	0.11	0.11	0.10	0.08	0.07	0.07	0.06	0.06	0.05	0.06	0.06	0.06	0.05	0.05	0.05	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01
Stock-based compensation	0.12	0.12	0.12	0.11	0.12	0.12	0.11	0.11	0.09	0.09	0.08	0.09	0.07	0.07	0.06	0.07	0.06	0.06	0.06	0.05	0.09	0.02	0.01	0.01	0.01
Change in inventory	0.13	0.19	-0.30	-0.09	-0.02	-0.14	-0.07	-0.13	-0.03	0.04	-0.11	0.08	-0.06	-0.08	-0.10	-0.19	0.01	-0.22	-0.04	-0.06	-0.21	-0.09	-0.21	-0.20	-0.01	-0.07	-0.07	-0.07	-0.07	-0.04	-0.04	-0.04	-0.04
Other working capital changes	-0.21	-0.43	0.85	0.40	0.13	0.58	0.18	0.58	0.06	0.40	0.68	0.59	0.43	0.53	0.04	0.04	-0.18	-0.09	-0.12	-0.01	-0.11	0.05	0.38	-0.08	0.29	-0.03	-0.03	-0.03	-0.03	-0.15	-0.15	-0.15	-0.15
Cash flow from investing +	-0.30	-0.34	-0.37	-0.30	-0.21	-0.14	-0.38	-0.18	-0.12	-0.26	-0.15	-0.43	-0.08	-0.13	-0.29	-0.18	-0.25	-0.17	-0.20	-0.16	-0.15	-0.17	-0.25	-0.03	-0.06
Capital expenditures	-0.30	-0.32	-0.36	-0.30	-0.24	-0.21	-0.38	-0.18	-0.11	-0.23	-0.19	-0.38	-0.10	-0.12	-0.28	-0.18	-0.24	-0.17	-0.19	-0.17	-0.15	-0.17	-0.21	-0.03	-0.07	-0.05	-0.05	-0.05	-0.05	-0.02	-0.02	-0.02	-0.02
Others incl. marketable securities changes	-0.01	-0.02	-0.01	0.00	0.03	0.07	0.00	0.00	-0.01	-0.03	0.04	-0.05	0.01	-0.01	-0.01	0.00	-0.01	0.00	-0.01	0.01	0.00	0.00	-0.04	0.00	0.00	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02
Cash flow from financing +	0.35	-0.51	0.15	0.09	0.02	0.02	-0.01	-0.13	0.05	-0.16	0.03	0.25	0.08	0.02	0.15	-0.12	0.20	-0.10	0.12	0.05	3.51	0.07	0.05	-0.06	0.11	0.30	0.30	0.30	0.30	0.31	0.31	0.31	0.31
Dividend payout
Common stock repurchases	-0.39	-0.16	-0.08	0.00	0.00	0.00	0.00	-0.18			0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.01	3.46	0.00	0.00	-0.06	-0.04	-0.03	-0.03	-0.03	-0.03
Net Debt Issuance	0.74	-0.35	0.24	0.09	0.02	0.02	-0.01	0.04	0.05	-0.16	0.03	0.25	0.07	0.02	0.14	-0.12	0.19	-0.10	0.11	0.04	0.04	0.07	0.05	0.00	0.15	0.32	0.32	0.32	0.32	0.31	0.31	0.31	0.31

Change in cash	0.23	-0.83	0.59	0.34	0.16	0.56	-0.06	0.35	0.15	0.18	0.60	0.64	0.50	0.47	-0.08	-0.32	-0.11	-0.47	-0.14	-0.07	3.17	-0.08	0.01	-0.34	0.36	0.22	0.22	0.22	0.22	0.14	0.14	0.14	0.14

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Coupang, Inc.

Income Statement - Coupang, Inc. (CPNG)

Income Statement - Coupang, Inc. (CPNG)

Balance Sheet - Coupang, Inc. (CPNG)

Balance Sheet - Coupang, Inc. (CPNG)

Cash Flow - Coupang, Inc. (CPNG)

Cash Flow - Coupang, Inc. (CPNG)