InsiderClue
Stocks · Consumer discretionary · Retail-Catalog & Mail-Order Houses

Coupang, Inc.

CPNG Clue Score56
United States Fiscal year ends December CIK 0001834584
$15.82 +2.66% Close, 9 Oct 2026
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Price $15.82 −40.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Mar 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue6.27Operating income−0.64Net income−0.70EPS, diluted−39.48Fiscal year 2020Revenue11.97 +90.8%Operating income−0.52Net income−0.46EPS, diluted−19.16Fiscal year 2021Revenue18.41 +53.8%Operating income−1.49Net income−1.54EPS, diluted−1.08Fiscal year 2022Revenue20.58 +11.8%Operating income−0.11Net income−0.09EPS, diluted−0.05Fiscal year 2023Revenue24.38 +18.5%Operating income0.47Net income1.36EPS, diluted0.75Fiscal year 2024Revenue30.27 +24.1%Operating income0.44Net income0.15 −88.7%EPS, diluted0.08Fiscal year 2025Revenue34.53 +14.1%Operating income0.47Net income0.21 +35.1%EPS, diluted0.11
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.27 11.97 18.41 20.58 24.38 30.27 34.53
Growth +90.8% +53.8% +11.8% +18.5% +24.1% +14.1%
Operating income −0.64 −0.52 −1.49 −0.11 0.47 0.44 0.47
Net income −0.70 −0.46 −1.54 −0.09 1.36 0.15 0.21
Growth −88.7% +35.1%
EPS, diluted −39.48 −19.16 −1.08 −0.05 0.75 0.08 0.11

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Operating margin−10.2%Net margin−11.1%Free cash flow margin−8.4%Fiscal year 2020Operating margin−4.3%Net margin−3.9%Free cash flow margin−1.5%Fiscal year 2021Operating margin−8.1%Net margin−8.4%Free cash flow margin−5.9%Fiscal year 2022Gross margin22.9%Operating margin−0.5%Net margin−0.4%Free cash flow margin−1.3%Fiscal year 2023Gross margin25.4%Operating margin1.9%Net margin5.6%Free cash flow margin7.2%Fiscal year 2024Gross margin29.2%Operating margin1.4%Net margin0.5%Free cash flow margin3.3%Fiscal year 2025Gross margin29.4%Operating margin1.4%Net margin0.6%Free cash flow margin1.5%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a 22.9% 25.4% 29.2% 29.4%
Operating margin −10.2% −4.3% −8.1% −0.5% 1.9% 1.4% 1.4%
Net margin −11.1% −3.9% −8.4% −0.4% 5.6% 0.5% 0.6%
Free cash flow margin −8.4% −1.5% −5.9% −1.3% 7.2% 3.3% 1.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−0.31Capital expenditure−0.22Free cash flow−0.53Fiscal year 2020Operating cash flow0.30Capital expenditure−0.48Free cash flow−0.18Fiscal year 2021Operating cash flow−0.41Capital expenditure−0.67Free cash flow−1.09Fiscal year 2022Operating cash flow0.57Capital expenditure−0.82Free cash flow−0.26Buybacks0.00Fiscal year 2023Operating cash flow2.65Capital expenditure−0.90Free cash flow1.76Buybacks0.00Fiscal year 2024Operating cash flow1.89Capital expenditure−0.88Free cash flow1.01 −42.7%Buybacks−0.18Fiscal year 2025Operating cash flow1.77Capital expenditure−1.25Free cash flow0.52 −48.2%Buybacks−0.24
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.31 0.30 −0.41 0.57 2.65 1.89 1.77
Capital expenditure −0.22 −0.48 −0.67 −0.82 −0.90 −0.88 −1.25
Free cash flow −0.53 −0.18 −1.09 −0.26 1.76 1.01 0.52
Growth −42.7% −48.2%
Buybacks n/a n/a n/a 0.00 0.00 −0.18 −0.24

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash1.37Shareholders’ equity−3.53Fiscal year 2020Cash1.25Total debt0.42Net cash (debt)0.83Shareholders’ equity−4.07Fiscal year 2021Cash3.49Total debt0.62Net cash (debt)2.86Shareholders’ equity2.18Debt to equity0.29Fiscal year 2022Cash3.51Total debt0.67Net cash (debt)2.84Shareholders’ equity2.41Debt to equity0.28Fiscal year 2023Cash5.24Total debt0.73Net cash (debt)4.51Shareholders’ equity4.09Debt to equity0.18Fiscal year 2024Cash5.88Total debt1.05Net cash (debt)4.83Shareholders’ equity4.10Debt to equity0.26Fiscal year 2025Cash6.32Total debt0.65Net cash (debt)5.67Shareholders’ equity4.62Debt to equity0.14
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.37 1.25 3.49 3.51 5.24 5.88 6.32
Total debt n/a 0.42 0.62 0.67 0.73 1.05 0.65
Net cash (debt) n/a 0.83 2.86 2.84 4.51 4.83 5.67
Shareholders’ equity −3.53 −4.07 2.18 2.41 4.09 4.10 4.62
Debt to equity n/a n/a 0.29 0.28 0.18 0.26 0.14

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a 22.9% 25.4% 29.2% 29.4%
−10.2% −4.3% −8.1% −0.5% 1.9% 1.4% 1.4%
−11.1% −3.9% −8.4% −0.5% 2.4% 1.6% 1.7%
−11.1% −3.9% −8.4% −0.4% 5.6% 0.5% 0.6%
−8.4% −1.5% −5.9% −1.3% 7.2% 3.3% 1.5%
Spending
26.7% 20.9% 24.1% 23.4% 23.4% 27.7% 28.0%
3.5% 4.0% 3.7% 4.0% 3.7% 2.9% 3.6%
n/a n/a n/a n/a −132.9% 86.0% 64.2%
Returns
n/a n/a −70.9% −3.8% 33.3% 3.8% 4.5%
n/a −9.1% −17.9% −1.0% 10.2% 1.0% 1.2%
Balance and payout
n/a n/a 0.29 0.28 0.18 0.26 0.14
n/a 111.9% 74.8% 74.6% 69.2% 72.8% 74.0%
n/a n/a n/a n/a 0.0% 17.7% 46.6%