CPNG
$13.80-0.50%
as of close, Oct 1, 2026
☾ AH $13.80 -0.50%
CPNG financial statements
The full income statement, balance sheet, and cash-flow statement for Coupang Inc. (CPNG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 1.79B2024-09 1.80B2024-12 1.81B2025-03 1.82B2025-06 1.82B2025-09 1.83B2025-12 1.83B2026-03 1.80B2026-06 1.80B+0.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 34.5B+14.1% | 30.3B+24.1% | 24.4B+18.5% | 20.6B+11.8% | 18.4B+53.8% | |
| 10.1B+14.8% | 8.83B+42.7% | 6.19B+31.4% | 4.71B | — | ||
| Cost of revenue | 24.4B+13.8% | 21.4B+17.8% | 18.2B+14.6% | 15.9B+2.7% | 15.5B+54.8% | |
| Selling, general & administrative | 9.67B+15.2% | 8.39B+46.8% | 5.72B+18.6% | 4.82B+8.5% | 4.45B+77.6% | |
| General & administrative | 9.67B+15.2% | 8.39B+46.8% | 5.72B+18.6% | 4.82B+8.5% | 4.45B+77.6% | |
| Amortization of intangibles | 50.0M-21.9% | 64.0M+1500.0% | 4.00M+100.0% | 2.00M | — | |
| Operating income | 473M+8.5% | 436M-7.8% | 473M+522.3% | -112M+92.5% | -1.49B-189.5% | |
| Interest expense | 86.0M-38.6% | 140M+191.7% | 48.0M+77.8% | 27.0M-40.0% | 45.0M-58.2% | |
| Interest & investment income | 199M-7.9% | 216M+21.3% | 178M+235.8% | 53.0M+488.9% | 9.00M | |
| Other non-operating income | 11.0M+128.2% | -39.0M-105.3% | -19.0M-171.4% | -7.00M+41.7% | -12.0M-108.0% | |
| Pre-tax income | 597M+26.2% | 473M-19.0% | 584M+728.0% | -93.0M+94.0% | -1.54B-233.1% | |
| Income tax | 383M-5.9% | 407M+152.4% | -776M-77500.0% | -1.00M-200.0% | 1.00M+242.5% | |
| 208M+35.1% | 154M-88.7% | 1.36B+1578.3% | -92.0M+94.0% | -1.54B-233.1% | ||
| Net income to non-controlling interest | 6.00M+106.8% | -88.0M | 0.00 | 0.00 | — | |
| Preferred dividends | — | — | — | 0.00 | 0.00-100.0% | |
| Net income to common | — | — | — | -92.0M+94.0% | -1.54B-177.5% | |
| $0.11+37.5% | $0.08-89.3% | $0.75+1600.0% | -$0.05+95.4% | -$1.08+94.4% | ||
| EPS (basic) | $0.11+22.2% | $0.09-88.2% | $0.76+1620.0% | -$0.05+95.4% | -$1.08+94.4% | |
| Weighted-avg shares (basic) | 1.82B+1.3% | 1.79B+0.7% | 1.78B+1.0% | 1.76B+23.9% | 1.42B+4808.3% | |
| Weighted-avg shares (diluted) | 1.85B+1.6% | 1.83B+1.3% | 1.80B+2.2% | 1.76B+23.9% | 1.42B+4808.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.69B+7.7% | 8.99B+14.0% | 7.89B+35.4% | 5.83B+3.4% | 5.64B+98.4% | ||
| Cash & equivalents | 6.32B+7.5% | 5.88B+12.1% | 5.24B+49.4% | 3.51B+0.6% | 3.49B+178.7% | |
| Accounts receivable | 363M-10.8% | 407M+29.6% | 314M+390.6% | 64.0M-28.9% | 90.0M+650.0% | |
| Inventory | 2.26B+7.5% | 2.10B+26.0% | 1.67B+0.5% | 1.66B+16.6% | 1.42B+22.4% | |
| Prepaid expenses | 660M+44.1% | 458M+44.9% | 316M+4.2% | 303M | — | |
| Other current assets | — | — | — | 303M+30.4% | 232M+9.7% | |
| 17.8B+15.9% | 15.3B+15.0% | 13.3B+40.3% | 9.51B+10.1% | 8.64B+70.5% | ||
| Property, plant & equipment | 3.72B+32.3% | 2.81B+14.1% | 2.46B+35.4% | 1.82B+35.1% | 1.35B+32.4% | |
| Operating lease right-of-use | 2.77B+37.2% | 2.02B+25.9% | 1.60B+14.0% | 1.41B+2.2% | 1.37B+35.9% | |
| Goodwill | — | — | — | — | 9.74M+129.3% | |
| Intangible assets | 190M-29.9% | 271M+632.4% | 37.0M | — | — | |
| Deferred tax assets | 596M-4.2% | 622M-32.8% | 925M+2212.5% | 40.0M | — | |
| 9.36B+21.3% | 7.72B+11.1% | 6.95B+37.2% | 5.06B+6.7% | 4.74B+27.1% | ||
| Accounts payable | 6.30B+13.4% | 5.55B+8.9% | 5.10B+40.8% | 3.62B+5.2% | 3.44B+18.4% | |
| Accrued liabilities | 515M+11.7% | 461M+31.0% | 352M+17.7% | 299M-1.7% | 304M+163.2% | |
| Deferred revenue | 188M+33.3% | 141M+45.4% | 97.0M+5.4% | 92.0M-2.1% | 94.0M+44.0% | |
| Short-term & current debt | 0.00-100.0% | 66.0M-67.5% | 203M+57.4% | 129M-62.2% | 342M+405.7% | |
| Current lease liability | 545M+29.1% | 422M+9.3% | 386M+18.4% | 326M+13.6% | 287M+38.5% | |
| Other current liabilities | 851M+43.5% | 593M+12.7% | 526M+25.2% | 420M+57.5% | 267M+25.5% | |
| 13.2B+17.9% | 11.2B+20.8% | 9.24B+30.2% | 7.10B+9.8% | 6.47B+14.0% | ||
| Long-term debt | 648M-34.4% | 988M+86.8% | 529M-1.7% | 538M+90.0% | 283M-19.9% | |
| Non-current lease liability | 2.48B+40.2% | 1.77B+27.6% | 1.39B+12.4% | 1.23B+2.7% | 1.20B+39.8% | |
| Operating lease liability (total) | 3.03B+38.1% | 2.19B+23.6% | 1.77B+13.7% | 1.56B+4.8% | 1.49B | |
| 4.62B+12.7% | 4.10B+0.3% | 4.09B+69.4% | 2.41B+10.9% | 2.18B+153.5% | ||
| Common stock | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 175K | |
| Additional paid-in capital | 9.03B+3.3% | 8.74B+2.9% | 8.49B+4.1% | 8.15B+3.6% | 7.87B+31350.9% | |
| Retained earnings | -4.02B+4.9% | -4.23B+3.5% | -4.38B+23.7% | -5.74B-1.6% | -5.65B-37.6% | |
| Accumulated other comprehensive income | -381M+5.7% | -404M-2276.5% | -17.0M-666.7% | 3.00M+106.3% | -47.7M-53.5% | |
| Non-controlling interest | 0.00+100.0% | -1.00M | 0.00 | — | — | |
| Total equity incl. non-controlling | 4.62B+12.7% | 4.10B+0.3% | 4.09B+69.4% | 2.41B+10.9% | 2.18B | |
| Total liabilities & equity | 17.8B+15.9% | 15.3B+15.0% | 13.3B+40.3% | 9.51B+10.1% | 8.64B+70.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.77B-6.0% | 1.89B-28.9% | 2.65B+369.4% | 565M+237.5% | -411M-236.3% | ||
| Depreciation & amortization | 517M+19.4% | 433M+57.5% | 275M+19.0% | 231M+14.9% | 201M+57.6% | |
| Intangible amortization | 50.0M-21.9% | 64.0M+1500.0% | 4.00M+100.0% | 2.00M | — | |
| Share-based compensation | 475M+9.7% | 433M+32.8% | 326M+24.4% | 262M+5.2% | 249M+694.7% | |
| Deferred income taxes | 37.0M-83.6% | 225M+125.5% | -884M-2110.0% | -40.0M | 0.00 | |
| Change in receivables | -37.0M+82.3% | -209M-257.1% | 133M+291.2% | 34.0M-71.7% | 120M+2682.9% | |
| Change in inventory | 233M-38.0% | 376M+754.5% | 44.0M-88.0% | 367M-30.5% | 528M+4.7% | |
| Change in payables | 515M+1.6% | 507M-66.5% | 1.51B+241.0% | 444M-39.0% | 728M-31.7% | |
| -1.25B-53.1% | -819M+11.7% | -927M-9.3% | -848M-25.4% | -676M-29.8% | ||
| Capital expenditure | 1.25B+42.3% | 879M-1.9% | 896M+8.7% | 824M+22.3% | 674M+39.1% | |
| Free cash flow | 522M-48.2% | 1.01B-42.7% | 1.76B+778.0% | -259M+76.1% | -1.08B-492.7% | |
| Acquisitions | 0.00+100.0% | -68.0M | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 5.00M-44.4% | 9.00M-52.6% | 19.0M+46.2% | 13.0M+550.0% | 2.00M+294.5% | |
| Other investing activities | 8.00M-52.9% | 17.0M-66.0% | 50.0M+35.1% | 37.0M+825.0% | 4.00M-89.1% | |
| -247M-258.0% | -69.0M-134.7% | 199M-19.4% | 247M-93.1% | 3.58B+1903.9% | ||
| Long-term debt issued | 2.90B+238.4% | 857M+49.8% | 572M+9.3% | 524M+28.0% | 409M+187.6% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 446M+163.2% | 170M+382.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 243M+36.5% | 178M | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -28.0M-166.7% | 42.0M+320.0% | 10.0M+300.0% | -5.00M-150.0% | -2.00M-7.9% | |
| FX effect on cash | 109M+119.3% | -564M-3928.6% | -14.0M+83.9% | -87.0M-7.4% | -81.0M-215.1% | |
| Net change in cash | 381M-12.2% | 434M-77.3% | 1.91B+1652.8% | -123M-105.1% | 2.41B+7992.9% | |
| Interest paid | 65.0M-23.5% | 85.0M+174.2% | 31.0M+63.2% | 19.0M-9.5% | 21.0M-11.2% | |
| Income taxes paid | 177M+28.3% | 138M+25.5% | 110M+1733.3% | 6.00M+100.0% | 3.00M+250.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 43.1B+8.7% | 39.7B+37.1% | 28.9B+11.1% | 26.0B-49.5% | 51.6B | |
| P/E | 207.3×-19.5% | 257.7×+282.0% | 67.5× | — | — | |
| P/S | 1.2×-4.8% | 1.3×+4.9% | 1.3×-2.4% | 1.3×-54.3% | 2.8× | |
| P/B | 9.3×-3.6% | 9.7×-2.1% | 9.9×-17.6% | 12.0×-49.4% | 23.7× | |
| P/FCF | 82.6×+109.6% | 39.4×+150.5% | 15.7× | — | — | |
| Earnings yield | 0.48%+24.3% | 0.39%-73.8% | 1.5% | — | — | |
| FCF yield | 1.2%-52.3% | 2.5%-60.1% | 6.4% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CPNG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CPNG filings on SEC EDGAR → Not investment advice.