Coupang, Inc. (CPNG) Financial Statements
Historical financial data — 22 statements covering FY2021–FY2025
Coupang is South Korea's largest e-commerce platform that sells both owned and third-party inventory. Headquartered in the US, Coupang operates e-commerce businesses mainly in South Korea and Taiwa...
Coupang, Inc.'s revenue increased 14.1% year over year, from $30.27B to $34.53B.
Net income increased 35.1% over the same period, from $154.0M to $208.0M.
Over the 4-year period from FY2021 to FY2025, revenue grew by 88% in total.
Total debt increased by 235.7% to $1.61B.
The debt-to-equity ratio stands at 0.35, indicating a moderate leverage profile.
Operating cash flow declined 6.0% to $1.77B.
Coupang, Inc. maintains a moderate net profit margin of 0.6%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $7.87B+7.4% | $70.0M | $2.27B | $51.0M | $334.0M | $16.34B | $379.0M | $4.19B |
| Q4 FY2024 | $7.96B+1.3% | $156.0M | $2.49B | $312.0M | $676.0M | $15.34B | $479.0M | $4.10B |
| Q1 FY2025 | $7.91B-0.7% | $107.0M | $2.32B | $154.0M | $354.0M | $15.99B | $556.0M | $4.37B |
| Q2 FY2025 | $8.52B+7.8% | $32.0M | $2.56B | $149.0M | $545.0M | $17.83B | $785.0M | $4.68B |
| Q3 FY2025 | $9.27B+8.7% | $95.0M | $2.72B | $162.0M | $792.0M | $18.67B | $1.37B | $4.74B |
| Q4 FY2025 | $8.84B-4.7% | $-26.0M | $2.54B | $8.0M | $82.0M | $17.79B | $1.61B | $4.62B |
| Q1 FY2026 | $8.50B-3.7% | $-266.0M | $2.30B | $-242.0M | $184.0M | $17.40B | $5.40B | $3.93B |
| Q2 FY2026 | $8.86B+4.1% | $-570.0M | $2.49B | $-556.0M | $367.0M | $17.39B | $5.63B | $2.99B |
Balance Sheet Summary (Q2 FY2026)
Coupang, Inc. (CPNG) Financial Statements & Revenue History
Coupang, Inc. (CPNG) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Retail-Catalog & Mail-Order Houses industry trading at $14.28 with a market capitalization of $26. This page provides 22 historical financial statements for Coupang, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Coupang, Inc. reported revenue of $34.5 billion, representing 14.1% year-over-year growth. The net profit margin of 0.6% suggests thin margins. The debt-to-equity ratio of 0.35 shows conservative leverage.
CPNG Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Coupang, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether CPNG is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track CPNG's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Coupang, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of CPNG's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use CPNG Financial Data
Investors use Coupang, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare CPNG's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how CPNG's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View CPNG's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Coupang, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.CPNG trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.