Coupang, Inc. (CPNG)

NYSE: CPNG · Real-Time Price · USD

14.68

-0.43 (-2.85%)

At close: Sep 15, 2026, 4:00 PM EDT

14.74

+0.06 (0.41%)

Pre-market: Sep 16, 2026, 7:16 AM EDT

Coupang Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	35,462	34,534	30,268	24,383	20,583	18,406
Revenue Growth	9.92%	14.09%	24.14%	18.46%	11.83%	53.80%
Gross Profit	10,055	10,141	8,715	6,190	4,710	3,109
Operating Income	-603	498	388	473	-112	-1,198
Net Income	-767	208	154	1,360	-92	-1,543
Earnings Per Share	-0.43	0.11	0.08	0.75	-0.05	-1.08
EPS Growth	-	37.50%	-89.33%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Product Commerce	29,989	29,592	26,699	23,594	19,955	17,838
Developing Offerings	5,473	4,942	3,569	789	628.02	568.66
Revenue (Total)	35,462	34,534	30,268	24,383	20,583	18,406

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	6,110	6,318	5,879	5,243	3,509	3,488
Total Debt	5,633	4,635	3,725	2,787	2,402	2,121
Net Cash (Debt)	477	1,683	2,154	2,456	1,107	1,367
Net Cash Growth	-78.48%	-21.87%	-12.30%	121.86%	-19.00%	-
Net Cash Per Share	0.26	0.91	1.18	1.36	0.63	0.96

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	1,425	1,773	1,886	2,652	565	-411
Capital Expenditures	-1,326	-1,251	-879	-896	-824	-674
Free Cash Flow	99	522	1,007	1,756	-259	-1,085
Free Cash Flow Growth	-87.26%	-48.16%	-42.65%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	28.35%	29.37%	28.79%	25.39%	22.88%	16.89%
Operating Margin	-1.70%	1.44%	1.28%	1.94%	-0.54%	-6.51%
Pretax Margin	-1.69%	1.73%	1.56%	2.40%	-0.45%	-8.38%
Profit Margin	-2.16%	0.60%	0.51%	5.58%	-0.45%	-8.38%
FCF Margin	0.28%	1.51%	3.33%	7.20%	-1.26%	-5.90%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 16, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	207.17	256.75	21.28	-	-
Forward PE	95.02	55.23	54.85	41.73	62.15	-
P/FCF Ratio	266.54	82.55	39.26	16.48	-	-
PS Ratio	0.74	1.25	1.31	1.19	1.26	2.80