COUPANG, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:43:36Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 522.00M | 1.01B | 1.76B | -259.00M | -1.08B | -183.08M |
| EBITDA | 990.00M | 869.00M | 748.00M | 119.00M | -1.29B | -388.48M |
| Working Capital | 334.00M | 1.28B | 947.00M | 767.00M | 892.52M | -892.00M |
| Net Debt | -1.68B | -2.22B | -2.66B | -1.24B | -1.65B | 561.75M |
| Gross Margin | 29.37% | 29.18% | 25.39% | 22.88% | 16.03% | 16.60% |
| Operating Margin | 1.37% | 1.44% | 1.94% | -0.54% | -8.12% | -4.31% |
| Net Margin | 0.60% | 0.51% | 5.58% | -0.45% | -8.38% | -3.87% |
| Return on Equity (ROE) | 4.50% | 3.75% | 33.26% | -3.81% | -70.91% | 11.38% |
| Return on Assets (ROA) | 1.17% | 1.00% | 10.19% | -0.97% | -17.86% | -9.14% |
| Current Ratio | 1.04× | 1.17× | 1.14× | 1.15× | 1.19× | 0.76× |
| Debt-to-Equity | 1.00× | 0.89× | 0.63× | 0.94× | 0.84× | -0.45× |
| Effective Tax Rate | 64.15% | 86.05% | -132.88% | 1.08% | -0.06% | -0.06% |
| Cash Conversion Ratio | 8.52× | 12.25× | 1.95× | -6.14× | 0.27× | -0.65× |
| Accruals Ratio | -0.09× | -0.11× | -0.10× | -0.07× | -0.13× | -0.15× |
| SBC % of Revenue | 1.38% | 1.43% | 1.34% | 1.27% | 1.35% | 0.26% |
| CapEx Coverage | 1.42× | 2.15× | 2.96× | 0.69× | -0.61× | 0.62× |
| Free Cash Flow Per Share | $0.28 | $0.55 | $0.97 | $-0.15 | $-0.76 | $-6.31 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 214.45× | 274.75× | 21.59× | — | — | — |
| P/FCF | 83.83× | 39.85× | 16.62× | — | — | — |
| FCF Yield | 1.19% | 2.51% | 6.02% | — | — | — |
| EV / EBITDA | 42.50× | 43.63× | 35.47× | 207.79× | — | — |
| P/S | 1.27× | 1.33× | 1.20× | 1.26× | 2.27× | — |
| P/B | 9.47× | 9.78× | 7.14× | 10.76× | 19.23× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 34.53B | 30.27B | 24.38B | 20.58B | 18.41B | 11.97B |
| Cost of Goods and Services Sold | 24.39B | 21.44B | 18.19B | 15.87B | 15.46B | 9.98B |
| Gross Profit | 10.14B | 8.83B | 6.19B | 4.71B | — | — |
| Operating Income (Loss) | 473.00M | 436.00M | 473.00M | -112.00M | -1.49B | -515.99M |
| Income Tax Expense (Benefit) | 383.00M | 407.00M | -776.00M | -1.00M | 1.00M | 292.00K |
| Net Income (Loss) Attributable to Parent | 208.00M | 154.00M | 1.36B | -92.00M | -1.54B | -463.16M |
| Earnings Per Share, Basic | $0.11 | $0.09 | $0.76 | $-0.05 | $-1.08 | $-19.16 |
| Weighted Average Number of Shares Outstanding, Basic | 1.82B | 1.79B | 1.78B | 1.76B | 1.42B | 29.01M |
| Earnings Per Share, Diluted | $0.11 | $0.08 | $0.75 | $-0.05 | $-1.08 | $-19.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.85B | 1.83B | 1.80B | 1.76B | 1.42B | 29.01M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.32B | 5.88B | 5.24B | 3.51B | 3.49B | 1.25B |
| Assets, Current | 9.69B | 8.99B | 7.89B | 5.83B | 5.64B | 2.84B |
| Assets | 17.79B | 15.34B | 13.35B | 9.51B | 8.64B | 5.07B |
| Long-term Debt | 648.00M | 988.00M | 529.00M | 538.00M | 283.19M | 353.34M |
| Liabilities, Current | 9.36B | 7.72B | 6.95B | 5.06B | 4.74B | 3.73B |
| Liabilities | 13.16B | 11.17B | 9.24B | 7.10B | 6.47B | 5.67B |
| Stockholders' Equity Attributable to Parent | — | — | 4.09B | 2.41B | 2.18B | -4.07B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.77B | 1.89B | 2.65B | 565.00M | -411.00M | 301.55M |
| Payments to Acquire Property, Plant, and Equipment | 1.25B | 879.00M | 896.00M | 824.00M | 674.00M | 484.63M |
| Net Cash Provided by (Used in) Investing Activities | -1.25B | -819.00M | -927.00M | -848.00M | -676.00M | -520.65M |
| Payments for Repurchase of Common Stock | 243.00M | 178.00M | 0 | 0 | — | — |
| Net Cash Provided by (Used in) Financing Activities | -247.00M | -69.00M | 199.00M | 247.00M | 3.58B | 178.50M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -112.00M | -278.00M | 800.00M | 361.00M | 115.00M | 462.00M |
| EBITDA | -99.00M | 144.00M | — | — | 276.00M | 432.00M |
| Working Capital | -260.00M | 334.00M | 613.00M | 807.00M | 1.29B | 1.28B |
| Net Debt | -905.00M | -1.68B | -2.90B | -3.07B | -3.04B | -2.22B |
| Gross Margin | 27.01% | 28.79% | 29.35% | 30.04% | 29.29% | 31.27% |
| Operating Margin | -2.85% | 0.09% | 1.75% | 1.75% | 1.95% | 3.92% |
| Net Margin | -3.13% | -0.29% | 1.03% | 0.38% | 1.35% | 1.96% |
| Return on Equity (ROE) | -6.77% | -0.56% | 2.00% | 0.68% | 2.45% | 3.80% |
| Return on Assets (ROA) | -1.53% | -0.15% | 0.51% | 0.18% | 0.67% | 1.02% |
| Current Ratio | 0.97× | 1.04× | 1.06× | 1.09× | 1.16× | 1.17× |
| Debt-to-Equity | 1.37× | 1.00× | 0.91× | 0.80× | 0.70× | 0.89× |
| Effective Tax Rate | -4.31% | 218.18% | 42.42% | 84.02% | 47.22% | 53.05% |
| Cash Conversion Ratio | -0.69× | -3.15× | 17.80× | 28.09× | 3.31× | 4.33× |
| Accruals Ratio | -0.03× | -0.01× | -0.09× | -0.05× | -0.02× | -0.03× |
| SBC % of Revenue | 1.43% | 1.39% | 3.80% | 2.75% | 1.53% | 1.53% |
| CapEx Coverage | 0.62× | 0.23× | 1.90× | 1.67× | 1.48× | 3.16× |
| Free Cash Flow Per Share | $-0.06 | $-0.15 | $0.43 | $0.19 | $0.06 | $0.25 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 214.45× | 153.33× | 149.80× | 156.64× | 274.75× |
| P/S | 0.98× | 1.27× | 1.78× | 1.72× | 1.30× | 1.33× |
| P/B | 8.77× | 9.47× | 12.66× | 11.86× | 9.23× | 9.78× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 8.50B | 8.84B | 9.27B | 8.52B | 7.91B | 7.96B |
| Cost of Goods and Services Sold | 6.21B | 6.29B | 6.55B | 5.96B | 5.59B | 5.47B |
| Gross Profit | 2.30B | 2.54B | 2.72B | 2.56B | 2.32B | 2.49B |
| Operating Income (Loss) | -242.00M | 8.00M | 162.00M | 149.00M | 154.00M | 312.00M |
| Income Tax Expense (Benefit) | 11.00M | 48.00M | 70.00M | 163.00M | 102.00M | 148.00M |
| Net Income (Loss) Attributable to Parent | -266.00M | -26.00M | 95.00M | 32.00M | 107.00M | 156.00M |
| Earnings Per Share, Basic | $-0.15 | $-0.02 | $0.05 | $0.02 | $0.06 | $0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 1.82B | 1.82B | 1.82B | 1.82B | 1.81B | 1.79B |
| Earnings Per Share, Diluted | $-0.15 | $-0.02 | $0.05 | $0.02 | $0.06 | $0.08 |
| Weighted Average Number of Shares Outstanding, Diluted | 1.82B | 1.85B | 1.86B | 1.85B | 1.84B | 1.83B |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.30B | 6.32B | 7.23B | 6.80B | 6.11B | 5.88B |
| Assets, Current | 9.36B | 9.69B | 10.81B | 10.18B | 9.21B | 8.99B |
| Assets | 17.40B | 17.79B | 18.67B | 17.83B | 15.99B | 15.34B |
| Long-term Debt | 617.00M | 648.00M | — | — | — | 988.00M |
| Liabilities, Current | 9.62B | 9.36B | 10.19B | 9.37B | 7.91B | 7.72B |
| Liabilities | 13.47B | 13.16B | 13.93B | 13.15B | 11.59B | 11.17B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 184.00M | 82.00M | 1.69B | 899.00M | 354.00M | 676.00M |
| Payments to Acquire Property, Plant, and Equipment | 296.00M | 360.00M | 891.00M | 538.00M | 239.00M | 214.00M |
| Net Cash Provided by (Used in) Investing Activities | -302.00M | -376.00M | -878.00M | -512.00M | -213.00M | -141.00M |
| Payments for Repurchase of Common Stock | 391.00M | 162.00M | 81.00M | 0 | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 348.00M | -507.00M | 260.00M | 108.00M | 16.00M | 20.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CPNG CIK 0001834584),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.