Coupang Inc. (CPNG) financial statements: income statement, balance sheet and cash flow
Coupang Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Coupang Inc. reported revenue of $34.5B (+14.1% year on year) and net income of $214.0M.
Income statement
Coupang Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total net revenues
$34.5B
$30.3B
$24.4B
$20.6B
Cost of sales
$24.4B
$21.4B
$18.2B
$15.9B
Operating, general and administrative
$9.7B
$8.4B
$5.7B
$4.8B
Total operating cost and expenses
$34.1B
$29.8B
$23.9B
$20.7B
Operating income
$473.0M
$436.0M
$473.0M
($112.0M)
Interest income
$199.0M
$216.0M
$178.0M
$52.8M
Interest expense
($86.0M)
($140.0M)
($48.0M)
($27.2M)
Other income (expense), net
$11.0M
($39.0M)
($19.0M)
($6.7M)
Income before income taxes
$597.0M
$473.0M
$584.0M
($93.1M)
Income tax expense (benefit)
$383.0M
$407.0M
($776.0M)
($1.1M)
Net income
$214.0M
—
—
—
Net income (loss) attributable to noncontrolling interests
$6.0M
($88.0M)
—
—
Net income attributable to Coupang stockholders
$208.0M
$154.0M
$1.4B
($92.0M)
Basic (in usd per share)
$0.11
$0.09
$0.76
-$0.05
Diluted (in usd per share)
$0.11
$0.08
$0.75
-$0.05
Basic (in shares)
1.8B
1.8B
1.8B
1.8B
Diluted (in shares)
1.9B
1.8B
1.8B
1.8B
Coupang Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total net revenues
$8.9B
$8.5B
$9.3B
$8.5B
Cost of sales
$6.4B
$6.2B
$6.5B
$6.0B
Operating, general and administrative
$3.0B
$2.5B
$2.6B
$2.4B
Total operating cost and expenses
$9.4B
$8.7B
$9.1B
$8.4B
Operating (loss) income
($556.0M)
($242.0M)
$162.0M
$149.0M
Interest income
$42.0M
$44.0M
$52.0M
$51.0M
Interest expense
($25.0M)
($13.0M)
($22.0M)
($25.0M)
Other income (expense), net
$6.0M
($44.0M)
($27.0M)
$19.0M
(Loss) income before income taxes
($533.0M)
($255.0M)
$165.0M
$194.0M
Income tax expense
$37.0M
$11.0M
$70.0M
$163.0M
Net (loss) income
($570.0M)
($266.0M)
$95.0M
$31.0M
Net (loss) income attributable to noncontrolling interests
$0
$0
$0
($1.0M)
Net (loss) income attributable to Coupang stockholders
($570.0M)
($266.0M)
$95.0M
$32.0M
Basic (in usd per share)
-$0.32
-$0.15
$0.05
$0.02
Diluted (in usd per share)
-$0.32
-$0.15
$0.05
$0.02
Basic (in shares)
1.8B
1.8B
1.8B
1.8B
Diluted (in shares)
1.8B
1.8B
1.9B
1.9B
Balance sheet
Coupang Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$6.3B
$5.9B
$5.2B
$3.5B
Restricted cash
$94.0M
$151.0M
$353.0M
$176.3M
Accounts receivable, net
$363.0M
$407.0M
$314.0M
$184.5M
Inventories
$2.3B
$2.1B
$1.7B
$1.7B
Prepaids and other current assets
$660.0M
$458.0M
$316.0M
$303.2M
Total current assets
$9.7B
$9.0B
$7.9B
$5.8B
Property and equipment, net
$3.7B
$2.8B
$2.5B
$1.8B
Operating lease right-of-use assets
$2.8B
$2.0B
$1.6B
$1.4B
Intangible assets, net
$190.0M
$271.0M
—
—
Deferred tax assets
$596.0M
$622.0M
$925.0M
—
Long-term lease deposits and other
$823.0M
$628.0M
$463.0M
$456.0M
Total assets
$17.8B
$15.3B
$13.3B
$9.5B
Accounts payable
$6.3B
$5.6B
$5.1B
$3.6B
Accrued expenses
$515.0M
$461.0M
$352.0M
$298.9M
Deferred revenue
$188.0M
$141.0M
$97.0M
$92.4M
Short-term borrowings
$960.0M
$479.0M
$282.0M
$175.4M
Current portion of long-term debt
$0
$66.0M
$203.0M
$128.9M
Current portion of long-term operating lease obligations
$545.0M
$422.0M
$386.0M
$325.9M
Other current liabilities
$851.0M
$593.0M
$526.0M
$418.7M
Total current liabilities
$9.4B
$7.7B
$6.9B
$5.1B
Long-term debt
$648.0M
$988.0M
$529.0M
$537.9M
Long-term operating lease obligations
$2.5B
$1.8B
$1.4B
$1.2B
Defined severance benefits and other
$677.0M
$693.0M
$381.0M
$264.9M
Total liabilities
$13.2B
$11.2B
$9.2B
$7.1B
Redeemable noncontrolling interests (Note 16)
$0
$75.0M
$15.0M
—
Common stock
$0
$0
$0
$177.0K
Additional paid-in capital
$9.0B
$8.7B
$8.5B
$8.2B
Accumulated other comprehensive loss
($381.0M)
($404.0M)
($17.0M)
$2.2M
Accumulated deficit
($4.0B)
($4.2B)
($4.4B)
($5.7B)
Noncontrolling interests
$0
($1.0M)
—
—
Total equity
$4.6B
$4.1B
—
—
Total liabilities, redeemable noncontrolling interests, and equity
$17.8B
$15.3B
$13.3B
$9.5B
Coupang Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$6.1B
$6.3B
$7.2B
$6.8B
Restricted cash
$94.0M
$90.0M
$95.0M
$93.0M
Accounts receivable, net
$363.0M
$351.0M
$393.0M
$499.0M
Inventories
$2.1B
$2.0B
$2.5B
$2.3B
Prepaids and other current assets
$626.0M
$584.0M
$602.0M
$503.0M
Total current assets
$9.3B
$9.4B
$10.8B
$10.2B
Property and equipment, net
$3.8B
$3.6B
$3.5B
$3.4B
Operating lease right-of-use assets
$2.8B
$2.8B
$2.7B
$2.5B
Intangible assets, net
$167.0M
$178.0M
$201.0M
$210.0M
Deferred tax assets
$626.0M
$597.0M
$655.0M
$646.0M
Long-term lease deposits and other
$826.0M
$785.0M
$783.0M
$835.0M
Total assets
$17.4B
$17.4B
$18.7B
$17.8B
Accounts payable
$6.3B
$6.0B
$6.8B
$6.5B
Accrued expenses
$876.0M
$406.0M
$467.0M
$430.0M
Deferred revenue
$204.0M
$183.0M
$210.0M
$188.0M
Short-term borrowings
$2.0B
$1.7B
$1.4B
$785.0M
Current portion of long-term operating lease obligations
$560.0M
$557.0M
$519.0M
$505.0M
Other current liabilities
$686.0M
$840.0M
$831.0M
$805.0M
Total current liabilities
$10.6B
$9.6B
$10.2B
$9.4B
Long-term debt
$618.0M
$617.0M
$618.0M
$850.0M
Long-term operating lease obligations
$2.5B
$2.5B
$2.4B
$2.3B
Defined severance benefits and other
$680.0M
$679.0M
$675.0M
$657.0M
Total liabilities
$14.4B
$13.5B
$13.9B
$13.1B
Class A — shares authorized 10,000, outstanding 1,634 and 1,665 Class B — shares authorized 250, outstanding 158 and 158
0
0
0
0
Additional paid-in capital
$8.5B
$8.8B
$9.1B
$9.0B
Accumulated other comprehensive loss
($609.0M)
($540.0M)
($327.0M)
($250.0M)
Accumulated deficit
($4.9B)
($4.3B)
($4.0B)
($4.1B)
Total equity
$3.0B
$3.9B
$4.7B
$4.7B
Total liabilities and equity
$17.4B
$17.4B
$18.7B
$17.8B
Cash flow statement
Coupang Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$214.0M
$66.0M
—
—
Depreciation and amortization
$517.0M
$433.0M
$275.0M
$231.0M
Provision for severance benefits
$246.0M
$187.0M
$159.0M
$161.2M
Equity-based compensation
$475.0M
$433.0M
$326.0M
$262.3M
Non-cash operating lease expense
$507.0M
$432.0M
$338.0M
$309.7M
Deferred income taxes
$37.0M
$225.0M
($884.0M)
—
Fulfillment center fire insurance gain
$0
($175.0M)
—
—
Other
$209.0M
$250.0M
$140.0M
$111.8M
Accounts receivable, net
$37.0M
$209.0M
($133.0M)
($33.8M)
Inventories
($233.0M)
($376.0M)
($44.0M)
($367.0M)
Other assets
($517.0M)
($152.0M)
($153.0M)
($289.4M)
Accounts payable
$515.0M
$507.0M
$1.5B
$444.4M
Accrued expenses
$49.0M
$60.0M
$43.0M
$7.2M
Other liabilities
($283.0M)
($213.0M)
($289.0M)
($179.8M)
Net cash provided by operating activities
$1.8B
$1.9B
$2.7B
$565.4M
Purchases of property and equipment
($1.3B)
($879.0M)
($896.0M)
($824.3M)
Proceeds from sale of property and equipment
$5.0M
$9.0M
$19.0M
$13.2M
Net cash acquired in acquisition
$0
$68.0M
—
—
Other investing activities
($8.0M)
($17.0M)
($50.0M)
($37.2M)
Net cash used in investing activities
($1.3B)
($819.0M)
($927.0M)
($848.3M)
Proceeds from issuance of common stock, equity-based compensation plan
5.0M
4.0M
9.0M
17.8M
Repurchase of Class A common stock
($243.0M)
($178.0M)
—
—
Proceeds from short-term borrowings and long-term debt
$2.9B
$857.0M
$572.0M
—
Repayment of short-term borrowings and long-term debt
($2.9B)
($794.0M)
($392.0M)
—
Other financing activities
($28.0M)
$42.0M
$10.0M
($3.8M)
Net cash (used in) provided by financing activities
($247.0M)
($69.0M)
$199.0M
$247.4M
Effect of exchange rate changes on cash and cash equivalents and restricted cash
$109.0M
($564.0M)
($14.0M)
($87.6M)
Net increase in cash and cash equivalents and restricted cash
$381.0M
$434.0M
$1.9B
($123.1M)
Cash and cash equivalents and restricted cash, as of beginning of period
$6.0B
$5.6B
$3.7B
$3.8B
Cash and cash equivalents and restricted cash, as of end of period
$6.4B
$6.0B
$5.6B
$3.7B
Coupang Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net (loss) income
($836.0M)
($266.0M)
$240.0M
$145.0M
Depreciation and amortization
$288.0M
$143.0M
$381.0M
$248.0M
Provision for severance benefits
$133.0M
$67.0M
$177.0M
$115.0M
Equity-based compensation
$283.0M
$122.0M
$352.0M
$234.0M
Non-cash operating lease expense
$286.0M
$143.0M
$369.0M
$237.0M
Deferred income taxes
($70.0M)
($28.0M)
($4.0M)
$23.0M
Other
$137.0M
$98.0M
$178.0M
$89.0M
Accounts receivable, net
($26.0M)
($8.0M)
$9.0M
($80.0M)
Inventories
$77.0M
$128.0M
($408.0M)
($110.0M)
Other assets
($192.0M)
($41.0M)
($405.0M)
($276.0M)
Accounts payable
$520.0M
$53.0M
$935.0M
$370.0M
Accrued expenses
$378.0M
($97.0M)
($9.0M)
($55.0M)
Other liabilities
($427.0M)
($130.0M)
($124.0M)
($41.0M)
Net cash provided by operating activities
$551.0M
$184.0M
$1.7B
$899.0M
Purchases of property and equipment
($613.0M)
($296.0M)
($891.0M)
($538.0M)
Proceeds from sale of property and equipment
$3.0M
$2.0M
$5.0M
$2.0M
Other investing activities
($18.0M)
($8.0M)
$8.0M
$24.0M
Net cash used in investing activities
($628.0M)
($302.0M)
($878.0M)
($512.0M)
Proceeds from issuance of common stock, equity-based compensation plan
1.0M
1.0M
4.0M
3.0M
Repurchase of Class A common stock
($850.0M)
($391.0M)
($81.0M)
$0
Proceeds from short-term borrowings and long-term debt
$3.1B
$1.9B
$2.2B
$781.0M
Repayment of short-term borrowings and long-term debt
($2.0B)
($1.2B)
($1.8B)
($649.0M)
Other financing activities
$0
$0
($28.0M)
($27.0M)
Net cash provided by financing activities
$214.0M
$348.0M
$260.0M
$108.0M
Effect of exchange rate changes on cash and cash equivalents and restricted cash
($345.0M)
($251.0M)
$220.0M
$363.0M
Net (decrease) increase in cash and cash equivalents and restricted cash
($208.0M)
($21.0M)
$1.3B
$858.0M
Cash and cash equivalents and restricted cash, as of beginning of period
$6.4B
$6.4B
$6.0B
$6.0B
Cash and cash equivalents and restricted cash, as of end of period