Coupang, Inc. logo CPNG - Coupang, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 14
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $26.20 DETAILS
HIGH: $31.00
LOW: $22.00
MEDIAN: $25.00
CONSENSUS: $26.20
UPSIDE: 62.53%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 8,504 8,835 9,267 8,524 7,908 7,965 7,866 7,323 7,114 6,560 6,184 5,838 5,801 5,327.2 5,101.3 5,037.8 5,116.7 5,076.7 4,644.7 4,478.1 4,206.9 3,803.5 3,136.5 2,614.1 2,413.3
Cost of Revenue 6,207 6,291 6,547 5,963 5,592 5,474 5,597 5,181 5,185 4,880 4,618 4,314 4,381 4,048.2 3,867.4 3,884.0 4,073.3 4,271.1 3,890.2 3,819.6 3,474.4 3,154.3 2,669.6 2,174.3 1,983.0
Gross Profit 2,297 2,544 2,720 2,561 2,316 2,491 2,269 2,142 1,929 1,680 1,566 1,524 1,420 1,278.9 1,233.9 1,153.8 1,043.4 805.6 754.5 658.5 732.5 649.2 467.0 439.7 430.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 2,539 2,536 2,558 2,412 0 2,179 2,160 2,167 1,889 1,549.6 1,478.3 1,376.1 1,313 1,195.5 1,156.5 1,220.9 1,249.1 1,202.2 1,069.6 1,173.4 999.8 791.8 683.2 535.0 503.9
Other Expenses 0 0 0 0 2,162 0 0 0 0 0.4 (0.3) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 2,539 2,536 2,558 2,412 2,162 2,179 2,160 2,167 1,889 1,550 1,478 1,376 1,313 1,195.5 1,156.5 1,220.9 1,249.1 1,202.2 1,069.6 1,173.4 999.8 791.8 683.2 535.0 503.9
Operating Income
Operating Income (242) 8 162 149 154 312 109 (25) 40 130 88 148 107 83.4 77.4 (67.1) (205.7) (396.6) (315.1) (514.9) (267.3) (142.6) (216.2) (95.2) (73.6)
Interest Expense 13 16 22 25 23 40 36 37 27 13.9 13.3 12.8 8 7.0 6.5 6.1 7.4 7.3 7.4 5.8 24.8 29.3 25.7 26.2 26.5
Interest Income 44 47 52 51 49 53 55 53 55 54.1 50.2 41.6 32 26.7 15.4 7.4 3.5 3.2 2.6 1.9 0.9 1.5 1.3 3.1 5.2
Profitability
EBITDA (99) (343) 320 345 361 439 280 146 181 263 198 250 196 157.6 158.5 (8.6) (142.4) (341.2) (265.0) (465.7) (222.8) (23.1) (115.0) (47.9) (53.3)
EBIT (242) 38 187 219 239 319 168 40 86 186 130 184 132 100.6 104.0 (69.0) (201.7) (396.8) (316.5) (512.7) (270.2) (65.1) (147.3) (75.8) (78.7)
Income Before Tax (255) 22 165 194 216 279 132 3 59 172 117 171 124 93.6 97.6 (75.2) (209.0) (404.1) (323.9) (518.5) (295.0) (94.4) (173.0) (102.0) (105.2)
Income Tax Expense 11 48 70 163 102 148 68 108 83 (861) 26 26 33 (8.5) 6.9 0.3 0.2 0.8 0.1 0.1 0.0 0.1 0.0 0.1 0.1
Net Income (266) (26) 95 32 107 156 70 (77) 5 1,033 91 145 91 102.1 90.7 (75.5) (209.3) (405.0) (324.0) (518.6) (295.0) (94.5) (173.0) (102.0) (105.4)
Per Share Data
EPS (Basic) -0.15 -0.01 0.05 0.02 0.06 0.09 0.04 -0.04 0.00 0.58 0.05 0.08 0.05 0.06 0.05 -0.04 -0.12 -0.23 -0.19 -0.30 -0.17 -0.07 -0.11 -0.10 -0.09
EPS (Diluted) -0.15 -0.01 0.05 0.02 0.06 0.08 0.04 -0.04 0.00 0.57 0.05 0.08 0.05 0.06 0.05 -0.04 -0.12 -0.23 -0.19 -0.30 -0.17 -0.07 -0.11 -0.10 -0.09
Shares Outstanding 1,825 1,818 1,823 1,817 1,806 1,800 1,795 1,789 1,794 1,782 1,784 1,780 1,775 1,764.6 1,767.3 1,763.3 1,756.7 1,752.2 1,747.3 1,743.1 1,724.9 1,724.9 1,599.7 1,599.7 1,599.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Current Assets
Cash & Cash Equivalents 6,301 6,318 7,229 6,796 6,113 5,879 5,822 5,536 5,226 5,243 4,857.9 4,473.2 3,792.2 3,509 2,903.1 3,107.5 3,369.4 3,487.7 3,928.6 4,284.9 4,332.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 351 363 393 499 484 407 517 547 601 314 285.1 138.9 126.9 184 169.4 187.6 170.6 175.3 134.3 129.0 81.4
Inventory 2,037 2,256 2,487 2,285 2,049 2,099 2,181 1,992 1,938 1,666 1,640.6 1,565.4 1,667.2 1,657 1,406.4 1,451.4 1,378.4 1,421.5 1,212.2 1,230.4 1,307.0
Other Current Assets 674 754 95 596 560 609 692 734 804 669 646.1 539.4 528.4 480 449.2 414.8 564.0 552.2 636.3 383.8 435.2
Total Current Assets 9,363 9,691 10,806 10,176 9,206 8,994 9,212 8,809 8,569 7,892 7,429.7 6,716.8 6,114.7 5,830 4,928.0 5,161.4 5,482.4 5,636.8 5,911.3 6,028.2 6,156.4
Non-Current Assets
Property, Plant & Equipment 7,033 7,032 6,223 5,964 5,270 4,829 5,237 4,556 4,421 4,066 3,684.9 3,546.7 3,152.3 3,225 2,832.6 2,907.4 2,891.7 2,722.2 2,427.4 2,294.4 2,200.1
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.1 9.7 9.5 9.7 3.9 4.1 4.1
Intangible Assets 178 190 201 210 215 271 306 319 349 37 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 228 278 1,438 835 683 628 823 754 769 426 448.2 423.5 443.4 418 355.9 346.7 309.6 273.1 244.6 247.8 236.0
Total Non-Current Assets 8,036 8,096 7,862 7,655 6,780 6,350 7,130 6,386 6,380 5,454 4,133.1 3,970.2 3,595.6 3,683 3,198.6 3,263.8 3,210.8 3,005.0 2,675.9 2,546.3 2,440.1
Total Assets 17,399 17,787 18,668 17,831 15,986 15,344 16,342 15,195 14,949 13,346 11,562.8 10,687.0 9,710.3 9,513 8,126.7 8,425.2 8,693.2 8,641.8 8,587.3 8,574.5 8,596.6
Current Liabilities
Account Payables 5,965 6,298 6,795 6,487 5,702 5,554 5,899 5,621 5,370 5,099 4,616.0 4,077.0 3,685.0 3,622 2,940.5 3,294.5 3,330.1 3,442.7 3,216.9 3,199.8 2,964.9
Short-Term Debt 1,672 960 1,371 954 556 545 401 501 468 485 614.5 418.0 372.5 304 162.4 53.7 201.0 349.5 553.9 642.8 325.5
Deferred Revenue 183 188 0 188 172 141 191 139 135 97 85.5 93.3 93.3 92 129.2 105.4 100.6 94.0 80.5 72.0 64.3
Other Current Liabilities 1,803 1,366 1,041 805 646 593 765 654 655 526 526.8 451.6 456.9 420 270.3 266.3 313.9 266.7 300.5 245.5 211.0
Total Current Liabilities 9,623 9,357 10,193 9,369 7,911 7,716 8,185 7,858 7,435 6,945 6,505.8 5,643.3 5,174.1 5,063 4,029.3 4,263.3 4,494.7 4,744.3 4,576.9 4,535.8 3,917.2
Non-Current Liabilities
Long-Term Debt 3,167 648 618 850 1,002 988 1,194 1,047 1,062 529 527.7 718.7 522.8 538 561.1 595.6 611.1 283.2 169.3 4.1 273.8
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 679 677 675 657 597 768 716 603 585 396 305.8 294.2 275.2 264 222.2 229.5 253.4 237.1 169.5 159.7 149.4
Total Non-Current Liabilities 3,846 3,807 3,734 3,777 3,677 3,526 3,880 3,390 3,315 2,312 2,128.6 2,268.2 1,976.1 2,036 1,925.4 2,093.8 2,161.2 1,721.6 1,442.3 1,236.1 1,404.3
Total Liabilities 13,469 13,164 13,927 13,146 11,588 11,242 12,065 11,248 10,750 9,257 8,634.4 7,911.5 7,150.3 7,099 5,954.7 6,357.1 6,655.9 6,465.9 6,019.2 5,771.9 5,321.4
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Retained Earnings (4,287) (4,021) (3,995) (4,090) (4,122) (4,229) (4,385) (4,455) (4,378) (4,383) (5,415.2) (5,506.5) (5,651.7) (5,743) (5,844.6) (5,935.3) (5,859.8) (5,650.5) (5,245.5) (4,921.6) (4,403.0)
Accumulated Other Comprehensive Income (540) (381) (327) (250) (404) (404) (51) (198) (121) (17) (58.6) (34.3) (15.9) 3 (64.2) (11.7) (40.9) (47.7) 0.1 (25.4) (15.2)
Total Stockholders' Equity 3,930 4,623 4,741 4,685 4,372 4,103 4,189 3,856 4,079 4,089 2,928.4 2,775.5 2,560.0 2,414 2,172.0 2,068.1 2,037.3 2,176.0 2,568.1 2,802.6 3,275.1
Total Liabilities & Equity 17,399 17,787 18,668 17,831 15,986 15,344 16,342 15,195 14,949 13,346 11,562.8 10,687.0 9,710.3 9,513 8,126.7 8,425.2 8,693.2 8,641.8 8,587.3 8,574.5 8,596.6
Debt Metrics
Total Debt 4,839 4,635 4,949 4,579 4,080 3,725 4,021 3,715 3,617 2,787 2,788.4 2,723.5 2,392.8 2,402 2,143.6 2,220.1 2,408.4 2,121.1 2,087.1 1,965.0 1,797.0
Net Debt (1,462) (1,683) (2,280) (2,217) (2,033) (2,154) (1,801) (1,821) (1,609) (2,456) (2,069.5) (1,749.7) (1,399.4) (1,107) (759.4) (887.4) (961.0) (1,366.6) (1,841.4) (2,319.9) (2,535.8)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (266) (26) 95 31 114 131 64 (105) (24) 1,032.7 91 145 91 102.1 90.7 (75.5) (209.3) (405.0) (324.0) (518.6) (295.0) (94.5) (173.0) (102.0) (105.4)
Depreciation & Amortization 143 0 133 126 122 120 112 106 95 77.2 68 66 64 56.9 54.4 60.4 59.2 55.6 51.5 46.9 47.4 42.0 32.3 27.8 25.4
Stock-Based Compensation 122 0 118 113 121 122 114 109 88 85.9 84 86 70 70.7 63.1 72.9 55.6 55.9 56.1 50.3 87.0 19.1 7.3 10.3 6.4
Change in Working Capital (95) (422.0) 190 (8.5) (187) 164 (214) 269 (184) 125.3 338 351 124 180.1 (255.2) (244.6) (98.7) (33.1) 44.8 66.9 (147.6) 18.7 312.5 (245.9) 298.0
Other Non-Cash Items 308 464.8 298.6 271.5 173 56 219 229 190 (711.8) 141 172 152 170.7 105.2 168.5 138.2 123.8 116.1 385.3 124.9 31.2 31.2 69.7 90.3
Operating Cash Flow 184 16.8 807.6 545 354 676 334 664 212 609.3 722 820 501 580.5 58.2 (18.3) (54.9) (202.7) (55.4) 30.9 (183.3) 16.5 210.4 (240.0) 314.7
Investing Activities
Capital Expenditure (296) (319.8) (360.0) (299) (239) (214) (380) (178) (107) (233.7) (190) (377) (95) (121.2) (283.4) (180.8) (238.9) (168.1) (190.1) (168.7) (146.8) (169.7) (213.8) (33.0) (68.1)
Acquisitions 0 0 3.1 0 0 0 0 0 68 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (6) 24.0 (16.3) 0 26 73 (3) 0 (78) (29.6) 38 (52) 12 (8.6) (5.4) 0.1 (10.1) (0.6) (11.2) 13.6 (3.7) (0.6) (37.8) (1.5) 3.9
Investing Cash Flow (302) (336.0) (373.3) (299) (213) (141) (383) (178) (117) (263.3) (152) (429) (83) (129.8) (288.8) (180.7) (249.0) (168.7) (201.2) (155.1) (150.5) (170.3) (251.6) (34.5) (64.2)
Financing Activities
Net Debt Issuance 738 (353.4) 233 104 28 63 0 45 (3) (164.1) 71 251 31 18.1 143.2 (122.1) 190.4 (99.2) 107.1 45.2 42.8 51.2 52.1 (4.0) 147.7
Stock Repurchased (391) (156.0) (81) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (58.9) (38.2)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 1.5 2.9 (15.1) (12) (43) (9) (177) 55 1.2 (38) 0 47 2.8 2.6 4.2 8.2 3.9 8.8 5.5 31.6 (9.8) 2.7 2.4 4.8
Financing Cash Flow 348 (507) 154.9 92 16 20 (9) (132) 52 (162.9) 33 251 78 20.9 145.8 (117.9) 198.6 (95.3) 115.8 50.7 3,505.7 70.0 54.8 (60.5) 114.3
Cash Position
Net Change in Cash (21) (912) 435 689 169 69 168 220 (23) 336.4 517 620 437 627.1 (211.9) (405.4) (132.8) (459.7) (190.7) (73.0) 3,132.4 (7.3) 35.7 (307.7) 309.0
Cash at Beginning 6,412 7,324 6,889 6,200 6,031 5,962 5,794 5,574 5,597 5,260.6 4,744 4,124 3,687 3,060.2 3,272.2 3,677.6 3,810.3 4,270.0 4,460.7 4,533.7 1,401.3 1,408.6 1,372.9 1,680.6 1,371.5
Cash at End 6,391 6,412 7,324 6,889 6,200 6,031 5,962 5,794 5,574 5,597 5,261 4,744 4,124 3,687.3 3,060.2 3,272.2 3,677.6 3,810.3 4,270.0 4,460.7 4,533.7 1,401.3 1,408.6 1,372.9 1,680.6
Free Cash Flow (112) (303.0) 447.5 246 115 462 (46) 486 105 375.6 532 443 406 459.3 (225.2) (199.0) (293.8) (370.9) (245.4) (137.8) (330.2) (153.2) (3.4) (273.0) 246.6
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 8,504 8,835 9,267 8,524 7,908 7,965 7,866 7,323 7,114 6,560 6,184 5,838 5,801 5,327.2 5,101.3 5,037.8 5,116.7 5,076.7 4,644.7 4,478.1 4,206.9 3,803.5 3,136.5 2,614.1 2,413.3
Gross Profit 2,297 2,544 2,720 2,561 2,316 2,491 2,269 2,142 1,929 1,680 1,566 1,524 1,420 1,278.9 1,233.9 1,153.8 1,043.4 805.6 754.5 658.5 732.5 649.2 467.0 439.7 430.3
Operating Income (242) 8 162 149 154 312 109 (25) 40 130 88 148 107 83.4 77.4 (67.1) (205.7) (396.6) (315.1) (514.9) (267.3) (142.6) (216.2) (95.2) (73.6)
Net Income (266) (26) 95 32 107 156 70 (77) 5 1,033 91 145 91 102.1 90.7 (75.5) (209.3) (405.0) (324.0) (518.6) (295.0) (94.5) (173.0) (102.0) (105.4)
EPS (Diluted) -0.15 -0.01 0.05 0.02 0.06 0.08 0.04 -0.04 0.00 0.57 0.05 0.08 0.05 0.06 0.05 -0.04 -0.12 -0.23 -0.19 -0.30 -0.17 -0.07 -0.11 -0.10 -0.09
Balance Sheet
Cash & Equivalents 6,301 6,318 7,229 6,796 6,113 5,879 5,822 5,536 5,226 5,243 4,857.9 4,473.2 3,792.2 3,509 2,903.1 3,107.5 3,369.4 3,487.7 3,928.6 4,284.9 4,332.8
Total Assets 17,399 17,787 18,668 17,831 15,986 15,344 16,342 15,195 14,949 13,346 11,562.8 10,687.0 9,710.3 9,513 8,126.7 8,425.2 8,693.2 8,641.8 8,587.3 8,574.5 8,596.6
Total Debt 4,839 4,635 4,949 4,579 4,080 3,725 4,021 3,715 3,617 2,787 2,788.4 2,723.5 2,392.8 2,402 2,143.6 2,220.1 2,408.4 2,121.1 2,087.1 1,965.0 1,797.0
Stockholders' Equity 3,930 4,623 4,741 4,685 4,372 4,103 4,189 3,856 4,079 4,089 2,928.4 2,775.5 2,560.0 2,414 2,172.0 2,068.1 2,037.3 2,176.0 2,568.1 2,802.6 3,275.1
Cash Flow
Operating Cash Flow 184 16.8 807.6 545 354 676 334 664 212 609.3 722 820 501 580.5 58.2 (18.3) (54.9) (202.7) (55.4) 30.9 (183.3) 16.5 210.4 (240.0) 314.7
Capital Expenditure (296) (319.8) (360.0) (299) (239) (214) (380) (178) (107) (233.7) (190) (377) (95) (121.2) (283.4) (180.8) (238.9) (168.1) (190.1) (168.7) (146.8) (169.7) (213.8) (33.0) (68.1)
Free Cash Flow (112) (303.0) 447.5 246 115 462 (46) 486 105 375.6 532 443 406 459.3 (225.2) (199.0) (293.8) (370.9) (245.4) (137.8) (330.2) (153.2) (3.4) (273.0) 246.6