Coupang, Inc. (CPNG)
Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products. The Developing Offerings segment offers Eats, a restaurant ordering and delivery service; Play, an online content streaming service; fintech activities; and Farfetch, a luxury fashion marketplace. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, Europe, the United Kingdom, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
Sector: Retail-Catalog & Mail-Order Houses
Industry: Specialty Retail
Coupang, Inc.
NYSE:CPNGConsumer Cyclical · Specialty Retail
-0.79%$16.29
CLOSED · Nov 6Prev close$16.42-0.79%Close$16.290.00%AH close$16.29
AH$16.29+0.00%vs close
Mkt Cap$29.2B
Float1.28B
O/S1.79B
VOL15.27M sh
$ Vol$248.43M
RVOL0.99×
Inst Own74.1%
Dilution
Financials Summary
Revenue$34.53B
Net Income$208M
Total Assets$17.79B
Free Cash Flow$522M
Debt & Equity
Debt 50%
Equity 50%
Total Debt$4.63B
Total Equity$4.62B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CPNG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$17.79B
Liabilities$13.16B
Accounts Receivable$363M
Accounts Payable$6.3B
Inventory$2.26B
PP&E (Net)$7.03B
Goodwill$0
Intangible Assets$190M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $34.53B | $30.27B | $24.38B | $20.58B | $18.41B | $11.97B | $6.27B | $4.05B |
| YoY Growth | 14.1% | 24.1% | 18.5% | 11.8% | 53.8% | 90.8% | 54.8% | - |
| Cost of Revenue | $24.39B | $21.44B | $18.19B | $15.87B | $15.46B | $9.98B | $5.24B | $3.86B |
| Gross Profit | $10.14B | $8.83B | $6.19B | $4.71B | $2.95B | $1.99B | $1.03B | $189.38M |
| Gross Margin | 29.4% | 29.2% | 25.4% | 22.9% | 16.0% | 16.6% | 16.5% | 4.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $9.67B | $8.39B | $5.72B | $4.82B | $4.45B | $2.5B | $1.68B | $1.24B |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $9.67B | $8.39B | $5.72B | $4.82B | $4.45B | $2.5B | $1.68B | $1.24B |
| Operating Income (EBIT) | $473M | $436M | $473M | -$112M | -$1.49B | -$515.99M | -$641.92M | -$1.05B |
| Operating Margin | 1.4% | 1.4% | 1.9% | -0.5% | -8.1% | -4.3% | -10.2% | -26.0% |
| Interest Expense | $86M | $140M | $48M | $27M | $45M | $107.76M | $96.91M | $70.95M |
| Interest Income | $199M | $216M | $178M | $53M | $9M | $10.99M | $19.14M | $3.92M |
| Other Income (Expense) | $124M | $37M | $111M | $19M | -$48M | $53.13M | -$55.2M | -$42.85M |
| Income Before Tax (EBT) | $597M | $473M | $584M | -$93M | -$1.54B | -$462.87M | -$697.13M | -$1.1B |
| Income Tax Expense | $383M | $407M | -$776M | -$1M | $1M | $292K | -$241K | $2.28M |
| Net Income | $208M | $154M | $1.36B | -$92M | -$1.54B | -$463.16M | -$696.88M | -$1.1B |
| Net Income Margin | 0.6% | 0.5% | 5.6% | -0.4% | -8.4% | -3.9% | -11.1% | -27.1% |
| Supplementary Data | ||||||||
| EPS | 0.11 | 0.09 | 0.76 | -0.05 | -1.08 | -0.33 | -0.48 | -0.69 |
| Diluted EPS | 0.11 | 0.08 | 0.75 | -0.05 | -1.08 | -0.33 | -0.48 | -0.69 |
| Weighted Average OS | 1.82B | 1.79B | 1.78B | 1.76B | 1.42B | 1.71B | 1.60B | 1.60B |
| EBITDA | $1.2B | $1.05B | $907M | $165M | -$1.3B | -$227.58M | -$529.31M | -$970.69M |
| EBITDA Margin | 3.5% | 3.5% | 3.7% | 0.8% | -7.0% | -1.9% | -8.4% | -23.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $6.32B | $5.88B | $5.24B | $3.51B | $3.49B | $1.25B | $1.22B | $611.5M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $6.32B | $5.88B | $5.24B | $3.51B | $3.49B | $1.25B | $1.22B | $611.5M |
| Accounts Receivable | $363M | $407M | $314M | $184M | $175.35M | $71.26M | $63.85M | $25.92M |
| Inventory | $2.26B | $2.1B | $1.67B | $1.66B | $1.42B | $1.16B | $631.74M | $391.21M |
| Other Current Assets | $754M | $609M | $669M | $480M | $552.25M | $356.8M | $237.15M | $205.45M |
| Total Current Assets | $9.69B | $8.99B | $7.89B | $5.83B | $5.64B | $2.84B | $2.16B | $1.23B |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $7.03B | $4.83B | $4.07B | $3.23B | $2.72B | $2.03B | $1B | $374.04M |
| Goodwill | $0 | $0 | $0 | $0 | $9.74M | $4.25M | $3.99M | $4.31M |
| Intangible Assets | $190M | $271M | $37M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $596M | $622M | $925M | $40M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $278M | $628M | $426M | $418M | $273.13M | $193.17M | $67.51M | $39.71M |
| Total Long-Term Assets | $8.1B | $6.35B | $5.45B | $3.68B | $3.01B | $2.23B | $1.07B | $418.06M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $17.79B | $15.34B | $13.35B | $9.51B | $8.64B | $5.07B | $3.23B | $1.65B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $6.3B | $5.55B | $5.1B | $3.62B | $3.44B | $2.91B | $1.59B | $1.18B |
| Short-Term Debt | $960M | $545M | $485M | $304M | $349.53M | $224.25M | $14.71M | $243.88M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $188M | $141M | $97M | $92M | $93.97M | $65.26M | $28.91M | $0 |
| Other Current Liabilities | $851M | $593M | $526M | $420M | $266.71M | $212.48M | $90.33M | $66M |
| Total Current Liabilities | $9.36B | $7.72B | $6.95B | $5.06B | $4.74B | $3.73B | $1.88B | $1.54B |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $648M | $988M | $529M | $538M | $283.19M | $943.19M | $768.77M | $688.45M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $677M | $768M | $396M | $264M | $237.12M | $3.6B | $3.72B | $174.83M |
| Total Long-Term Liabilities | $3.81B | $3.53B | $2.31B | $2.04B | $1.72B | $5.4B | $4.88B | $863.27M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $13.16B | $11.24B | $9.26B | $7.1B | $6.47B | $9.14B | $6.76B | $2.4B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.02B |
| Common Stock | $0 | $0 | $0 | $0 | $175K | $45.12M | $0 | $54.38M |
| Retained Earnings | -$4.02B | -$4.23B | -$4.38B | -$5.74B | -$5.65B | -$4.11B | -$3.57B | -$2.87B |
| Comprehensive Income & Other | -$381M | -$404M | -$17M | $3M | -$47.74M | -$31.09M | $7.64M | $13.35M |
| Other Stockholders' Equity | $8.64B | $8.33B | $8.47B | $8.16B | $7.83B | -$6.06M | $32.68M | $2.06B |
| Total Equity | $4.62B | $4.1B | $4.09B | $2.41B | $2.18B | -$4.07B | -$3.53B | -$752.61M |
| Minority Interest | $0 | -$1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $17.79B | $15.35B | $13.35B | $9.51B | $8.64B | $5.07B | $3.23B | $1.65B |
| Supplementary Data | ||||||||
| Total Debt | $4.63B | $3.73B | $2.79B | $2.4B | $2.12B | $2.23B | $1.28B | $932.32M |
| Net Debt | -$1.68B | -$2.15B | -$2.46B | -$1.11B | -$1.37B | $982.66M | $54.16M | $320.82M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $214M | $66M | $1.36B | -$92M | -$1.54B | -$463.16M | -$696.88M | -$1.1B |
| Depreciation & Amortization | $517M | $433M | $275M | $231M | $201M | $127.52M | $70.91M | $53.62M |
| Deferred Income Tax | $37M | $225M | -$884M | -$41M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $475M | $433M | $326M | $262M | $249M | $31.33M | $20.82M | $27.33M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $37M | $209M | -$133M | -$34M | -$120M | -$4.31M | -$39.98M | $19.97M |
| Inventory | -$233M | -$376M | -$44M | -$367M | -$528M | -$504.29M | -$279.01M | -$159.67M |
| Accounts Payable | $515M | $507M | $1.51B | $444M | $728M | $1.07B | $416.51M | $400.38M |
| Other Working Capital | -$751M | -$305M | -$399M | -$421M | -$148M | -$173.83M | -$40.21M | -$34.95M |
| Total Working Capital Change | -$432M | $35M | $938M | -$378M | -$68M | $383.41M | $57.3M | $225.73M |
| Other Non-Cash Items | $962M | $694M | $637M | $583M | $750M | $222.45M | $236.01M | $96.39M |
| Net Cash from Operating | $1.77B | $1.89B | $2.65B | $565M | -$411M | $301.55M | -$311.84M | -$694.47M |
| Investing Activities | ||||||||
| Capital Expenditures | -$1.25B | -$879M | -$896M | -$824M | -$674M | -$484.63M | -$217.82M | -$93.4M |
| Acquisitions | $0 | $68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$3M | -$8M | -$31M | -$24M | -$2M | -$36.02M | -$401K | $1.57M |
| Net Cash from Investing | -$1.25B | -$819M | -$927M | -$848M | -$676M | -$520.65M | -$218.22M | -$91.83M |
| Financing Activities | ||||||||
| Debt Repaid | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $5M | $0 | $0 | $0 | $3.43B | $0 | $0 | $548.2M |
| Common Stock Repurchases | -$243M | -$178M | $0 | $0 | $0 | -$97.04M | -$114.61M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$28M | $4M | $9M | $18M | $50M | $28.61M | $1.51B | $0 |
| Net Cash from Financing | -$247M | -$69M | $199M | $247M | $3.58B | $178.5M | $1.18B | $1.24B |
| Forex Effect | $109M | -$564M | -$14M | -$87M | -$81M | $70.36M | -$22.41M | -$17.12M |
| Net Change in Cash | $381M | $434M | $1.91B | -$123M | $2.41B | $29.77M | $631.63M | $439.53M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $1.77B | $1.89B | $2.65B | $565M | -$411M | $301.55M | -$311.84M | -$694.47M |
| Capital Expenditure | -$1.25B | -$879M | -$896M | -$824M | -$674M | -$484.63M | -$217.82M | -$93.4M |
| Free Cash Flow | $522M | $1.01B | $1.76B | -$259M | -$1.08B | -$183.08M | -$529.67M | -$787.87M |
| Cash at Beginning | $6.03B | $5.6B | $3.69B | $3.81B | $1.4B | $1.37B | $739.91M | $300.38M |
| Cash at End | $6.41B | $6.03B | $5.6B | $3.69B | $3.81B | $1.4B | $1.37B | $739.91M |