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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›CPNG›Financials
Annual statements · SEC XBRL · FY2019 – FY2025

Coupang, Inc. (CPNG) financials

Income statement

Coupang, Inc. (CPNG) income statement, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$6.27B$12.0B$18.4B$20.6B$24.4B$30.3B$34.5B
Revenue growth—90.8%53.8%11.8%18.5%24.1%14.1%
Gross profit———$4.71B$6.19B$8.83B$10.1B
Gross margin———22.9%25.4%29.2%29.4%
Operating income-$642M-$516M-$1.49B-$112M$473M$436M$473M
Operating margin-10.2%-4.3%-8.1%-0.5%1.9%1.4%1.4%
Net income-$697M-$463M-$1.54B-$92.0M$1.36B$154M$208M
Net margin-11.1%-3.9%-8.4%-0.4%5.6%0.5%0.6%
EPS (diluted)-$39.48-$19.16-$1.08-$0.05$0.75$0.08$0.11

Cash flow

Coupang, Inc. (CPNG) cash flow, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$312M$302M-$411M$565M$2.65B$1.89B$1.77B
Capital expenditures$218M$485M$674M$824M$896M$879M$1.25B
Free cash flow-$530M-$183M-$1.08B-$259M$1.76B$1.01B$522M
Share buybacks———$0.00$0.00$178M$243M

Balance sheet

Coupang, Inc. (CPNG) balance sheet, annual, from SEC filings
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.37B$1.25B$3.49B$3.51B$5.24B$5.88B$6.32B
Total assets—$5.07B$8.64B$9.51B$13.3B$15.3B$17.8B
Total liabilities—$5.67B$6.47B$7.10B$9.24B$11.2B$13.2B
Long-term debt—$353M$283M$538M$529M$988M$648M
Shareholders' equity-$3.53B-$4.07B$2.18B$2.41B$4.09B$4.10B$4.62B
Retained earnings—-$4.11B-$5.65B-$5.74B-$4.38B-$4.23B-$4.02B
Shares (wtd avg diluted)19.5M29.0M1.42B1.76B1.80B1.83B1.85B

Every figure is extracted from Coupang, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Coupang, Inc.'s annual revenue?
Coupang, Inc. (CPNG) reported $34.5B of revenue for fiscal year 2025 — up 14.1% from $30.3B in FY2024, per its annual report filed with the SEC.
Is Coupang, Inc. profitable?
Yes — CPNG earned $208M of net income in FY2025, a 0.6% net margin, per SEC filings.
What is Coupang, Inc.'s free cash flow?
$522M in FY2025 (operating cash flow $1.77B minus $1.25B of capital expenditures), from the SEC cash-flow statement.
Does CPNG pay a dividend?
Coupang, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CPNG analysis — verdict, score & filings →Is CPNG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.