Coupang, Inc. (CPNG) Financial Statements
Industry: Catalog & Mail-Order Houses (Retail)
In fiscal 2025, Coupang reported revenue of $34.53B, up 14.1% from $30.27B the year before. Net income was $208.0M (a 0.6% net margin), or $0.11 per diluted share. Gross margin was 29.4% and operating margin was 1.4%. Operating activities generated $1.77B of cash, leaving $522.0M of free cash flow. At fiscal year end, Coupang held $17.79B in total assets against $13.16B in total liabilities, including $6.32B of cash and equivalents.
Open the full interactive Coupang financials → Quarterly statements, key ratios, valuation history and price charts.
Coupang Key Stats
| Share Price | $15.12 |
|---|---|
| Market Cap | $27.20B |
| P/E Ratio | 137.5 |
| Revenue YoY Growth | +14.1% |
| 52-Week Range | $13.75 – $32.13 |
| Shares Outstanding | 1.80 billion (basic, 2026 Q2) |
Coupang Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $18.41B | $20.58B | $24.38B | $30.27B | $34.53B |
| Cost of Goods Sold | $15.46B | $15.87B | $18.19B | $21.44B | $24.39B |
| Gross Profit | $2.95B | $4.71B | $6.19B | $8.83B | $10.14B |
| Operating Income | -$1.49B | -$112.0M | $473.0M | $436.0M | $473.0M |
| Pre-Tax Income | -$1.54B | -$93.1M | $584.0M | $473.0M | $597.0M |
| Income Tax | $1.0M | -$1.1M | -$776.0M | $407.0M | $383.0M |
| Net Income | -$1.54B | -$92.0M | $1.36B | $154.0M | $208.0M |
| Diluted EPS | -$1.08 | -$0.05 | $0.75 | $0.08 | $0.11 |
Coupang Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $9.27B | $8.84B | $8.50B | $8.86B |
| Net Income | $95.0M | -$26.0M | -$266.0M | -$570.0M |
| Diluted EPS | $0.05 | -$0.01 | -$0.15 | -$0.32 |
Coupang Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.49B | $3.51B | $5.24B | $5.88B | $6.32B |
| Current Assets | $5.64B | $5.83B | $7.89B | $8.99B | $9.69B |
| Total Assets | $8.64B | $9.51B | $13.35B | $15.34B | $17.79B |
| Current Liabilities | $4.74B | $5.06B | $6.95B | $7.72B | $9.36B |
| Total Long-Term Debt | $624.9M | $537.9M | $529.0M | $988.0M | $648.0M |
| Total Liabilities | $6.47B | $7.10B | $9.24B | $11.17B | $13.16B |
| Shareholders' Equity | $2.18B | $2.41B | $4.09B | $4.10B | $4.62B |
Coupang Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$410.6M | $565.4M | $2.65B | $1.89B | $1.77B |
| Cash From Investing | -$675.5M | -$848.3M | -$927.0M | -$819.0M | -$1.25B |
| Cash From Financing | $3.58B | $247.4M | $199.0M | -$69.0M | -$247.0M |
| Free Cash Flow | -$1.08B | -$258.8M | $1.76B | $1.01B | $522.0M |
Figures from Coupang's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Coupang financials page for every line item.
Coupang Company Profile
| Ticker | CPNG |
|---|---|
| Exchange | NYSE |
| Industry | Catalog & Mail-Order Houses (Retail) |
| Headquarters | Seattle, Washington |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001834584 |
Frequently Asked Questions
What was Coupang's revenue in fiscal 2025?
Coupang (CPNG) reported revenue of $34.53B for fiscal 2025.
What is Coupang's annual revenue history?
Coupang's annual revenue by fiscal year: 2021: $18.41B; 2022: $20.58B; 2023: $24.38B; 2024: $30.27B; 2025: $34.53B.
What was Coupang's net income in fiscal 2025?
Coupang reported net income of $208.0M for fiscal 2025.
What was Coupang's earnings per share (EPS) in fiscal 2025?
Coupang's diluted EPS was $0.11 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Coupang generate in fiscal 2025?
Coupang generated $522.0M of free cash flow in fiscal 2025.
What was Coupang's revenue last quarter?
In its most recent reported quarter (2026 Q2), Coupang reported revenue of $8.86B.
How much debt does Coupang have?
Coupang reported $648.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Coupang are outstanding?
Coupang reported a weighted average of 1.80 billion basic shares outstanding in 2026 Q2.
What is Coupang's market cap?
Based on its latest closing price, Coupang (CPNG) has a market capitalization of about $27.20B.
When does Coupang's fiscal year end?
Coupang's fiscal year end, as registered with the SEC, is December 31.
Where is Coupang headquartered?
Coupang lists its business address in Seattle, Washington in its SEC filings.