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CPNG (Coupang, Inc.) Stock Financials & Earnings | Market Cap Arena
CPNG
Coupang, Inc.
Mkt Cap
$35B
Consumer Cyclical
·
Specialty Retail
·
🇰🇷 South Korea
·
NYSE
Revenue (TTM)
$34.5B
Net Income (TTM)
$208M
EPS (TTM)
$0.11
Free Cash Flow (TTM)
$531M
Gross Margin
29.4%
Op. Margin
1.4%
Net Margin
0.6%
FCF Margin
1.5%
P/S Ratio (TTM)
1.0x
P/E Ratio (TTM)
169.3x
YoY Rev Growth
+14.1%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$5.8B
$1.4B
$107M
Q2 23
$5.8B
$1.5B
$148M
Q3 23
$6.2B
$1.6B
$88M
Q4 23
$6.6B
$1.7B
$130M
Q1 24
$7.1B
$1.9B
$40M
Q2 24
$7.3B
$2.1B
-$25M
Q3 24
$7.9B
$2.3B
$109M
Q4 24
$8.0B
$2.5B
$312M
Q1 25
$7.9B
$2.3B
$154M
Q2 25
$8.5B
$2.6B
$149M
Q3 25
$9.3B
$2.7B
$162M
Q4 25
$8.8B
$2.5B
$8M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.7x
169.1x
Q2 23
1.6x
82.1x
Q3 23
1.5x
82.1x
Q4 23
1.4x
25.9x
Q1 24
1.4x
27.6x
Q2 24
1.3x
33.5x
Q3 24
1.2x
34.2x
Q4 24
1.2x
228.7x
Q1 25
1.1x
137.6x
Q2 25
1.1x
96.5x
Q3 25
1.0x
90.3x
Q4 25
1.0x
169.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$501M
$406M
Q2 23
$820M
$443M
Q3 23
$722M
$532M
Q4 23
$609M
$376M
Q1 24
$212M
$105M
Q2 24
$664M
$486M
Q3 24
$334M
-$46M
Q4 24
$676M
$462M
Q1 25
$354M
$115M
Q2 25
$545M
$246M
Q3 25
$808M
$448M
Q4 25
$82M
-$278M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$95M
Q2 23
$377M
Q3 23
$190M
Q4 23
$234M
Q1 24
$107M
Q2 24
$178M
Q3 24
$380M
Q4 24
$214M
Q1 25
$239M
Q2 25
$299M
Q3 25
$360M
Q4 25
$360M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+13.4%
+7.0%
Q2 23
+15.9%
+11.5%
Q3 23
+21.2%
+21.3%
Q4 23
+23.1%
+22.6%
Q1 24
+22.6%
+24.2%
Q2 24
+25.4%
+29.1%
Q3 24
+27.2%
+27.2%
Q4 24
+21.4%
+19.0%
Q1 25
+11.2%
+9.6%
Q2 25
+16.4%
+14.0%
Q3 25
+17.8%
+17.4%
Q4 25
+10.9%
+15.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$70M
1.2%
Q2 23
$86M
1.5%
Q3 23
$84M
1.4%
Q4 23
$86M
1.3%
Q1 24
$88M
1.2%
Q2 24
$109M
1.5%
Q3 24
$114M
1.4%
Q4 24
$122M
1.5%
Q1 25
$121M
1.5%
Q2 25
$113M
1.3%
Q3 25
$118M
1.3%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
$1.3B
—
Q2 23
$1.4B
—
Q3 23
$1.5B
—
Q4 23
$1.5B
—
Q1 24
$1.9B
—
Q2 24
—
$2.2B
Q3 24
—
$2.2B
Q4 24
—
$2.2B
Q1 25
—
$2.2B
Q2 25
$2.4B
—
Q3 25
$2.6B
—
Q4 25
$2.5B
—
marketcaparena.com
Revenue Segments
Product
Service, Other
Third-Party Merchant Services
Quarter
Product
Service, Other
Third-Party Merchant Services
Q1 23
$5.2B
$135M
$461M
Q2 23
$5.1B
$135M
$563M
Q3 23
$5.3B
$160M
$709M
Q4 23
$5.6B
$154M
$844M
Q1 24
$5.9B
$172M
$1.0B
Q2 24
$5.8B
$170M
$1.4B
Q3 24
$6.1B
$227M
$1.5B
Q1 25
$6.1B
$258M
$1.6B
Q2 25
$6.5B
$262M
$1.8B
Q3 25
$7.1B
$293M
$1.9B
Q4 25
$6.6B
$296M
$1.9B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$3.8B
$0
$3.8B
Q2 23
$4.5B
$0
$4.5B
Q3 23
$4.9B
$0
$4.9B
Q4 23
$5.2B
$0
$5.2B
Q1 24
$5.2B
$0
$5.2B
Q2 24
$5.5B
$0
$5.5B
Q3 24
$5.8B
$0
$5.8B
Q4 24
$5.9B
$0
$5.9B
Q1 25
$6.1B
$0
$6.1B
Q2 25
$6.8B
$0
$6.8B
Q3 25
$7.2B
$0
$7.2B
Q4 25
$6.3B
$0
$6.3B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
1.79B
+1.7%
Q2 23
1.80B
+0.3%
Q3 23
1.81B
+0.4%
Q4 23
1.80B
-0.3%
Q1 24
1.81B
+0.7%
Q2 24
1.79B
-1.4%
Q3 24
1.83B
+2.2%
Q4 24
1.84B
+0.4%
Q1 25
1.84B
+0.2%
Q2 25
1.85B
+0.8%
Q3 25
1.86B
+0.5%
Q4 25
1.85B
-0.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 18
—
—
FY 19
—
—
FY 20
—
—
FY 21
$271K
68K
FY 22
$327K
63K
FY 23
$313K
78K
FY 24
$319K
95K
FY 25
$320K
108K
marketcaparena.com