The Filings Report

Coupang, Inc.

CPNGNYSECIK 1834584Consumer Cyclical / Internet Retailfiscal year ends December26 quarters since 2020

Revenue, Q2 FY2026
$8.9B
+3.9% on Q2 FY2025
Net income
−$570M
−1881.3% on Q2 FY2025
Free cash flow
$50M
−79.7% on Q2 FY2025
Diluted EPS
$-0.32
−1700.0% on Q2 FY2025
Revenue, TTM
$35.5B
trailing four quarters
Net margin, TTM
-2.2%
net income −$767M
Free cash flow, TTM
$99M
$1.4B less $1.3B capex
Cash and equivalents
$6.1B
long-term debt $618M, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
$1.1B
no yield
Dividends, TTM
—
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 4, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, Coupang, Inc. reported revenue of $8.9B, +3.9% on Q2 FY2025, and net loss of $570M (−1881.3%). Operating margin was −6.3%. Free cash flow, operating cash flow less capital expenditures, was $50M ($367M less $317M). Diluted earnings per share were $-0.32.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 4, 2026.

Revenue and net incomeRevenueNet income
−$3B$0$3B$5B$8B$10BQ3'22, Revenue: $5.1BQ3'22, Net income: $91MQ3'22Q4'22, Revenue: $5.3BQ4'22, Net income: $102MQ4'22Q1'23, Revenue: $5.8BQ1'23, Net income: $91MQ1'23Q2'23, Revenue: $5.8BQ2'23, Net income: $145MQ2'23Q3'23, Revenue: $6.2BQ3'23, Net income: $91MQ3'23Q4'23, Revenue: $6.6BQ4'23, Net income: $1.0BQ4'23Q1'24, Revenue: $7.1BQ1'24, Net income: $5MQ1'24Q2'24, Revenue: $7.3BQ2'24, Net income: −$77MQ2'24Q3'24, Revenue: $7.9BQ3'24, Net income: $70MQ3'24Q4'24, Revenue: $8.0BQ4'24, Net income: $156MQ4'24Q1'25, Revenue: $7.9BQ1'25, Net income: $107MQ1'25Q2'25, Revenue: $8.5BQ2'25, Net income: $32MQ2'25Q3'25, Revenue: $9.3BQ3'25, Net income: $95MQ3'25Q4'25, Revenue: $8.8BQ4'25, Net income: −$26MQ4'25Q1'26, Revenue: $8.5BQ1'26, Net income: −$266MQ1'26Q2'26, Revenue: $8.9BQ2'26, Net income: −$570MQ2'26−$3B$0$3B$5B$8B$10BQ3'22, Revenue: $5.1BQ3'22, Net income: $91MQ4'22, Revenue: $5.3BQ4'22, Net income: $102MQ4'22Q1'23, Revenue: $5.8BQ1'23, Net income: $91MQ2'23, Revenue: $5.8BQ2'23, Net income: $145MQ2'23Q3'23, Revenue: $6.2BQ3'23, Net income: $91MQ4'23, Revenue: $6.6BQ4'23, Net income: $1.0BQ4'23Q1'24, Revenue: $7.1BQ1'24, Net income: $5MQ2'24, Revenue: $7.3BQ2'24, Net income: −$77MQ2'24Q3'24, Revenue: $7.9BQ3'24, Net income: $70MQ4'24, Revenue: $8.0BQ4'24, Net income: $156MQ4'24Q1'25, Revenue: $7.9BQ1'25, Net income: $107MQ2'25, Revenue: $8.5BQ2'25, Net income: $32MQ2'25Q3'25, Revenue: $9.3BQ3'25, Net income: $95MQ4'25, Revenue: $8.8BQ4'25, Net income: −$26MQ4'25Q1'26, Revenue: $8.5BQ1'26, Net income: −$266MQ2'26, Revenue: $8.9BQ2'26, Net income: −$570MQ2'26

Net income losses drawn in red.

Free cash flow
−$500M−$250M$0$250M$500M$750MQ3'22, Free cash flow: −$225MQ3'22Q4'22, Free cash flow: $459MQ4'22Q1'23, Free cash flow: $406MQ1'23Q2'23, Free cash flow: $443MQ2'23Q3'23, Free cash flow: $532MQ3'23Q4'23, Free cash flow: $375MQ4'23Q1'24, Free cash flow: $105MQ1'24Q2'24, Free cash flow: $486MQ2'24Q3'24, Free cash flow: −$46MQ3'24Q4'24, Free cash flow: $462MQ4'24Q1'25, Free cash flow: $115MQ1'25Q2'25, Free cash flow: $246MQ2'25Q3'25, Free cash flow: $439MQ3'25Q4'25, Free cash flow: −$278MQ4'25Q1'26, Free cash flow: −$112MQ1'26Q2'26, Free cash flow: $50MQ2'26−$500M−$250M$0$250M$500M$750MQ3'22, Free cash flow: −$225MQ4'22, Free cash flow: $459MQ4'22Q1'23, Free cash flow: $406MQ2'23, Free cash flow: $443MQ2'23Q3'23, Free cash flow: $532MQ4'23, Free cash flow: $375MQ4'23Q1'24, Free cash flow: $105MQ2'24, Free cash flow: $486MQ2'24Q3'24, Free cash flow: −$46MQ4'24, Free cash flow: $462MQ4'24Q1'25, Free cash flow: $115MQ2'25, Free cash flow: $246MQ2'25Q3'25, Free cash flow: $439MQ4'25, Free cash flow: −$278MQ4'25Q1'26, Free cash flow: −$112MQ2'26, Free cash flow: $50MQ2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6B$8BQ3'22, Cash and equivalents: $2.9BQ3'22, Long-term debt: $561MQ3'22Q4'22, Cash and equivalents: $3.5BQ4'22, Long-term debt: $538MQ4'22Q1'23, Cash and equivalents: $3.8BQ1'23, Long-term debt: $672MQ1'23Q2'23, Cash and equivalents: $4.5BQ2'23, Long-term debt: $904MQ2'23Q3'23, Cash and equivalents: $4.9BQ3'23, Long-term debt: $910MQ3'23Q4'23, Cash and equivalents: $5.2BQ4'23, Long-term debt: $529MQ4'23Q1'24, Cash and equivalents: $5.2BQ1'24Q2'24, Cash and equivalents: $5.5BQ2'24Q3'24, Cash and equivalents: $5.8BQ3'24Q4'24, Cash and equivalents: $5.9BQ4'24, Long-term debt: $988MQ4'24Q1'25, Cash and equivalents: $6.1BQ1'25Q2'25, Cash and equivalents: $6.8BQ2'25Q3'25, Cash and equivalents: $7.2BQ3'25Q4'25, Cash and equivalents: $6.3BQ4'25, Long-term debt: $648MQ4'25Q1'26, Cash and equivalents: $6.3BQ1'26, Long-term debt: $617MQ1'26Q2'26, Cash and equivalents: $6.1BQ2'26, Long-term debt: $618MQ2'26$0$2B$4B$6B$8BQ3'22, Cash and equivalents: $2.9BQ3'22, Long-term debt: $561MQ4'22, Cash and equivalents: $3.5BQ4'22, Long-term debt: $538MQ4'22Q1'23, Cash and equivalents: $3.8BQ1'23, Long-term debt: $672MQ2'23, Cash and equivalents: $4.5BQ2'23, Long-term debt: $904MQ2'23Q3'23, Cash and equivalents: $4.9BQ3'23, Long-term debt: $910MQ4'23, Cash and equivalents: $5.2BQ4'23, Long-term debt: $529MQ4'23Q1'24, Cash and equivalents: $5.2BQ2'24, Cash and equivalents: $5.5BQ2'24Q3'24, Cash and equivalents: $5.8BQ4'24, Cash and equivalents: $5.9BQ4'24, Long-term debt: $988MQ4'24Q1'25, Cash and equivalents: $6.1BQ2'25, Cash and equivalents: $6.8BQ2'25Q3'25, Cash and equivalents: $7.2BQ4'25, Cash and equivalents: $6.3BQ4'25, Long-term debt: $648MQ4'25Q1'26, Cash and equivalents: $6.3BQ1'26, Long-term debt: $617MQ2'26, Cash and equivalents: $6.1BQ2'26, Long-term debt: $618MQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Coupang, Inc. income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 25, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue8,8568,5048,8359,2678,5247,9087,9657,866+3.9%
Cost of revenue6,3626,2076,2916,5475,9635,5925,4745,597+6.7%
Gross profit2,4942,2972,5442,7202,5612,3162,4912,269−2.6%
Research and development—————————
Selling, general and administrative3,0502,5392,5362,5582,4122,1622,1792,160+26.5%
Operating income(556)(242)8162149154312109−473.2%
Other income (expense)6(44)(17)(27)1936(46)4−68.4%
Pretax income(533)(255)22165194216279132−374.7%
Income tax3711487016310214868−77.3%
Net income(570)(266)(26)953210715670−1881.3%
Diluted EPS ($)(0.32)(0.15)—0.050.020.06—0.04−1700.0%
Diluted shares (millions)1,7991,825—1,8641,8551,840—1,829—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Coupang, Inc. balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 25, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents6,1106,3016,3187,2296,7966,1135,8795,822−10.1%
Short-term investments—————————
Total current assets9,2609,3639,69110,80610,1769,2068,9949,212−9.0%
Total assets17,39417,39917,78718,66817,83115,98615,34416,342−2.5%
Total current liabilities10,6399,6239,35710,1939,3697,9117,7168,185+13.6%
Long-term debt618617648———988——
Total liabilities14,40713,46913,16413,92713,14611,58811,16712,065+9.6%
Stockholders’ equity—————————
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 4, 2026.

Coupang, Inc. cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 26, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 25, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow36718482792545354676334−32.7%
Capital expenditures317296360353299239214380+6.0%
Free cash flow (CFO − capex)50(112)(278)439246115462(46)−79.7%
Depreciation and amortization145143136133126122120112+15.1%
Share repurchases459391162810000—
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 26, 2026.

Income statement

Coupang, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 25, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 3, 2022FY2020ended Dec 31, 2020filed May 13, 2021FY2019ended Dec 31, 2019filed May 13, 2021
Revenue34,53430,26824,38320,58318,40611,9676,273
Cost of revenue24,39321,43718,19315,87315,4559,9815,240
Gross profit10,1418,8316,1904,710———
Research and development———————
Selling, general and administrative9,6688,3955,7174,8224,4452,5021,675
Operating income473436473(112)(1,494)(516)(642)
Other income (expense)11(39)(19)(7)(12)15023
Pretax income597473584(93)(1,542)(463)(697)
Income tax383407(776)(1)100
Net income2081541,360(92)(1,543)(463)(697)
Diluted EPS ($)0.110.080.75(0.05)(1.08)(19.16)(39.48)
Diluted shares (millions)1,8551,8261,8031,7651,4242919

Balance sheet

Coupang, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 25, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 3, 2022FY2020ended Dec 31, 2020filed May 13, 2021FY2019ended Dec 31, 2019filed May 13, 2021
Cash and equivalents6,3185,8795,2433,5093,4881,251—
Short-term investments———————
Total current assets9,6918,9947,8925,8305,6372,841—
Total assets17,78715,34413,3469,5138,6425,067—
Total current liabilities9,3577,7166,9455,0634,7443,733—
Long-term debt648988529538283353—
Total liabilities13,16411,1679,2427,0996,4665,671—
Stockholders’ equity——4,0892,4142,176(4,069)(3,533)
Shares outstanding (millions)———————

Cash flow statement

Coupang, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 26, 2026FY2024ended Dec 31, 2024filed Feb 25, 2025FY2023ended Dec 31, 2023filed Feb 28, 2024FY2022ended Dec 31, 2022filed Mar 1, 2023FY2021ended Dec 31, 2021filed Mar 3, 2022FY2020ended Dec 31, 2020filed May 13, 2021FY2019ended Dec 31, 2019filed May 13, 2021
Operating cash flow1,7731,8862,652565(411)302(312)
Capital expenditures1,251879896824674485218
Free cash flow (CFO − capex)5221,0071,756(259)(1,085)(183)(530)
Depreciation and amortization51743327523120112871
Share repurchases24317800———
Dividends paid———————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$3M
3 sales by 2 insiders; officers and directors $3M
Bought, twelve months
$137M
3 purchases by 1 insider; officers and directors $137M
Sold, twelve months
$6M
6 sales by 4 insiders; officers and directors $6M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 2, 2026Lee Jonathan D.Chief Accounting Officeropen-market sale10b5-15,519$13.65$75K176,396Oct 5, 2026
Aug 10, 2026Rogers HaroldSee Remarksopen-market sale192,110$16.18$3M740,931Aug 11, 2026
Aug 10, 2026Lee Jonathan D.Chief Accounting Officeropen-market sale10b5-15,519$16.10$89K181,915Aug 11, 2026
Jun 11, 2026Toubassy AmbereenDirectoraward19,565$0.00—69,947Jun 12, 2026
Jun 11, 2026Sun BenjaminDirectoraward19,275$0.00—338,145Jun 12, 2026
Jun 11, 2026Sharma AshaDirectoraward17,971$0.00—43,169Jun 12, 2026
Jun 11, 2026Mehta NeilDirectoraward17,391$0.00—96,164Jun 12, 2026
Jun 11, 2026Franceschi PedroDirectoraward17,971$0.00—93,573Jun 12, 2026
Jun 11, 2026Child JasonDirectoraward21,304$0.00—98,844Jun 12, 2026
May 14, 2026Toubassy AmbereenDirectoraward69$0.00—50,382May 15, 2026
Apr 1, 2026Rogers HaroldSee Remarksaward213,884$0.00—933,041Apr 3, 2026
Apr 1, 2026Anand GauravChief Financial Officeraward260,402$0.00—2MApr 3, 2026
Apr 1, 2026Lee Jonathan D.Chief Accounting Officeraward18,157$0.00—140,253Apr 3, 2026
Apr 1, 2026Lee Jonathan D.Chief Accounting Officeraward47,181$0.00—187,434Apr 3, 2026
Mar 18, 2026Sun BenjaminDirectoraward706$0.00—318,870Mar 20, 2026
Mar 18, 2026Child JasonDirectoraward1,147$0.00—77,540Mar 20, 2026
Mar 13, 2026Mehta NeilDirectoropen-market buyindirect2M$18.40$43M55MMar 13, 2026
Mar 12, 2026Mehta NeilDirectoropen-market buyindirect3M$18.68$56M53MMar 13, 2026
Mar 11, 2026Mehta NeilDirectoropen-market buyindirect2M$18.64$38M50MMar 13, 2026
Feb 11, 2026Anand GauravChief Financial Officeraward190,738$0.00—2MFeb 13, 2026
Feb 11, 2026Rogers HaroldSee Remarksaward247,916$0.00—719,157Feb 13, 2026
Feb 11, 2026Rogers HaroldSee Remarksaward21,672$0.00—471,241Feb 13, 2026
Jan 2, 2026Lee Jonathan D.Chief Accounting Officeropen-market sale2,679$23.62$63K122,096Jan 2, 2026
Nov 10, 2025Anand GauravChief Financial Officeropen-market sale10b5-175,350$29.02$2M2MNov 12, 2025
Nov 3, 2025Kolari PranamVP, Search and Recommendationsopen-market sale11,653$31.98$373K147,023Nov 5, 2025

Full insider history for Coupang, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

3 of the tracked managers held CPNG in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded CPNG by quarter.

FundManagerQuarterValueSharesWeightMove
Duquesne Family OfficeStanley DruckenmillerQ2 2026$46M3M0.89%held
Gates Foundation TrustMichael LarsonQ2 2026$161M9M0.47%held
Baron Capital GroupRon BaronQ2 2026$48M3M0.07%trimmed −1.1%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
COUPANG, INC., CIK 1834584 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/CPNG.json