Coupang, Inc. (CPNG) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Coupang financial statements at a glance

Coupang reported revenue of $34.53 billion for fiscal year 2025 (ended December 31, 2025), up 14.1% from fiscal year 2024. Net income was $208.00 million, a net margin of 0.6%, and diluted earnings per share were $0.11.

At the end of fiscal year 2025 it had total assets of $17.79 billion, total liabilities of $13.16 billion and shareholders' equity of $4.62 billion, with cash and short-term investments of $6.32 billion and total debt of $4.64 billion.

Its operations brought in $1.77 billion of cash; capital spending was $1.25 billion, leaving free cash flow of $522.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

CPNG logo

Coupang, Inc.

CPNGUnited States
Essential Consumer Products
USD (Local)

Income Statement

Annual • USD

Total Revenue
34.53B
Prev Year: 30.27B
YoY: +14.1%
Operating Revenue
26.31B
Prev Year: 23.87B
YoY: +10.2%
Weighted Average Shares (diluted)
1.85B
Prev Year: 1.83B
YoY: +1.6%
Weighted Average Shares (basic)
1.82B
Prev Year: 1.79B
YoY: +1.3%
Total Unusual Items Excluding Goodwill
-
Diluted EPS
0.11
Prev Year: 0.08
YoY: +37.5%
Total Unusual Items
-
Basic EPS
0.11
Prev Year: 0.09
YoY: +22.2%
Noncontrolling Interests
-6.00M
Prev Year: 88.00M
YoY: -106.8%
Cost of Revenue
24.39B
Prev Year: 21.44B
YoY: +13.8%
Gross Profit
10.14B
Prev Year: 8.83B
YoY: +14.8%
Operating Expense
9.67B
Prev Year: 8.39B
YoY: +15.2%
Operating Income
473.00M
Prev Year: 436.00M
YoY: +8.5%
Net Non Operating Interest Income Expense
113.00M
Prev Year: 76.00M
YoY: +48.7%
Non-operating Interest Income
199.00M
Prev Year: 216.00M
YoY: -7.9%
Non-operating Interest Expense
86.00M
Prev Year: 140.00M
YoY: -38.6%
Other Income Expense
11.00M
Prev Year: -39.00M
YoY: +128.2%
Other Non-operating Income (expense)
11.00M
Prev Year: -39.00M
YoY: +128.2%
Gain on Sale of Securities
-
Pre-tax Income
597.00M
Prev Year: 473.00M
YoY: +26.2%
Provision for Income Taxes
383.00M
Prev Year: 407.00M
YoY: -5.9%
Net Income Common Stockholders
208.00M
Prev Year: 154.00M
YoY: +35.1%
Net Income
208.00M
Prev Year: 154.00M
YoY: +35.1%
Net Income Including Non-Controlling Interests
214.00M
Prev Year: 66.00M
YoY: +224.2%
Net Income from Continuing Operations
214.00M
Prev Year: 66.00M
YoY: +224.2%
Diluted NI Available to Com Stockholders
208.00M
Prev Year: 154.00M
YoY: +35.1%
Total Operating Income as Reported
473.00M
Prev Year: 436.00M
YoY: +8.5%
Total Expenses
34.06B
Prev Year: 29.83B
YoY: +14.2%
Net Income from Continuing and Discontinued Operation
208.00M
Prev Year: 154.00M
YoY: +35.1%
Normalized Income
208.00M
Prev Year: 154.00M
YoY: +35.1%
Interest Income
199.00M
Prev Year: 216.00M
YoY: -7.9%
Interest Expense
86.00M
Prev Year: 140.00M
YoY: -38.6%
Net Interest Income
113.00M
Prev Year: 76.00M
YoY: +48.7%
EBIT
683.00M
Prev Year: 613.00M
YoY: +11.4%
EBITDA
1.20B
Prev Year: 1.05B
YoY: +14.7%
Reconciled Cost of Revenue
24.39B
Prev Year: 21.44B
YoY: +13.8%
Reconciled Depreciation
517.00M
Prev Year: 433.00M
YoY: +19.4%
Net Income from Continuing Operation Net Minority Interest
208.00M
Prev Year: 154.00M
YoY: +35.1%
Normalized EBITDA
1.20B
Prev Year: 1.05B
YoY: +14.7%
Tax Rate for Calcs
0.21
Prev Year: 0
Values in USD

Coupang key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$34.5B$30.3B$24.4B$20.6B$18.4B
Gross profit$10.1B$8.8B$6.2B$4.7B$3.0B
Operating income$473.0M$436.0M$473.0M-$112.0M-$1.5B
Net income$208.0M$154.0M$1.4B-$92.0M-$1.5B
Diluted EPS$0.11$0.08$0.75-$0.05-$1.08
Total assets$17.8B$15.3B$13.3B$9.5B$8.6B
Total liabilities$13.2B$11.2B$9.3B$7.1B$6.5B
Shareholders' equity$4.6B$4.1B$4.1B$2.4B$2.2B
Cash and short-term investments$6.3B$5.9B$5.2B$3.5B$3.5B
Total debt$4.6B$3.7B$2.8B$2.4B$2.1B
Operating cash flow$1.8B$1.9B$2.7B$565.0M-$411.0M
Capital spending$1.3B$879.0M$896.0M$824.0M$674.0M
Free cash flow$522.0M$1.0B$1.8B-$259.0M-$1.1B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2018.

Questions and answers

What was Coupang's revenue in fiscal year 2025?

$34.53 billion, up 14.1% from $30.27 billion in fiscal year 2024.

How much profit does Coupang make?

Coupang reported net income of $208.00 million for fiscal year 2025 (0.6% of revenue); operating income was $473.00 million.

How much cash and debt does Coupang have?

At the end of fiscal year 2025: cash and short-term investments of $6.32 billion and total debt of $4.64 billion.

What is Coupang's free cash flow?

$522.00 million in fiscal year 2025 (operating cash flow of $1.77 billion minus capital spending of $1.25 billion).

MoreCoupang stock overviewCoupang executive teamCoupang shareholdersCoupang revenue by segment
RelatedAll Other General Merchandise Retailers industryRetail Trade sectorMercadoLibre financialsSea financialseBay financialsEtsy (ETSY)GigaCloud Technology (GCT)D-Market Elektronik Hizmetler ve Ticaret A.s. (HEPS)
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
© 2026 DataPorium. All rights reserved.|About & MethodologyPrivacy PolicyTerms of Use
LinkedInLinkedInXXYouTubeYouTube