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Coupang, Inc.

Coupang, Inc.

NYSE•CPNG
CEO: Mr. Bom Suk Kim
Sector: Consumer Cyclical
Industry: Specialty Retail
Listing Date: 2021-03-11
Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. In addition, the company offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services, as well as advertising products. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
Contact Information
720 Olive Way, Suite 600, Seattle, WA, 98101, United States
206-333-3839
www.aboutcoupang.com
Market Cap
$49.35B
P/E (TTM)
126.3
40.4
Dividend Yield
--
52W High
$34.08
52W Low
$19.02
52W Range
53%
Rank54Top 66.0%
3.1
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$9.27B+17.81%
4-Quarter Trend

EPS

$0.05+25.00%
4-Quarter Trend

FCF

$447.54M-1072.91%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Growth Total net revenues hit $25.70B for nine months, reporting 15% growth; constant currency revenue grew 20%.
Net Income Reversal Net income attributable to stockholders was $234M, reversing prior period net loss of $(2)M for the nine months.
Operating Cash Flow Surge Net cash provided by operating activities reached $1.69B, reflecting a robust 40% increase compared to prior year period.
Product Commerce Profitability Product Commerce Adjusted EBITDA grew 31% to $1.92B, driven by improved gross profit margins and merchant adoption.

Risk Factors

Developing Offerings Losses Developing Offerings segment Adjusted EBITDA loss widened to $(695)M for nine months, driven by growth investments in new initiatives.
Class Action Appeal Risk Class action lawsuit dismissed, but plaintiffs filed appeal; outcome uncertainty impacts potential financial position and operations.
Future Capital Commitments Remaining capital expenditure commitments total $365M through 2033 for fulfillment center expansion plans and infrastructure buildout.

Outlook

Growth Investment Focus Expect significant investment in Developing Offerings, expanding geographies, logistics, and technology capabilities over next several years.
Liquidity Secured Entered new $1.5B Revolving Credit Facility in June 2025; $425M outstanding as of period end for flexibility.
Share Repurchase Authorization Board authorized up to $1B Class A common stock repurchase program in May 2025; $81M spent in three months.

Peer Comparison

Revenue (TTM)

General Motors CompanyGM
$183.89B
+0.6%
JD.com, Inc.JD
$180.81B
+16.6%
Coupang, Inc.CPNG
$33.66B
+16.6%

Gross Margin (Latest Quarter)

eBay Inc.EBAY
70.9%
-0.9pp
AutoZone, Inc.AZO
51.5%
-1.0pp
Ferrari N.V.RACE
50.1%
+0.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CVNA$86.47B88.337.1%7.3%
GM$70.24B23.84.7%46.0%
RACE$70.21B37.845.6%30.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.2%
Steady Growth
4Q Net Income CAGR
-15.2%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $9.27B+17.8%
    |
    EPS: $0.05+25.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $8.52B+16.4%
    |
    EPS: $0.02-140.9%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $7.91B+11.2%
    |
    EPS: $0.06+2042.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $30.27B+24.1%
    |
    EPS: $0.09-88.7%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $7.87B+27.2%
    |
    EPS: $0.04-20.0%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $7.32B+25.4%
    |
    EPS: $-0.04-153.8%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $7.11B+22.6%
    |
    EPS: $0.00-94.4%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $24.38B+18.5%
    |
    EPS: $0.76+1558.7%
    Beat