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NYSE · Consumer Discretionary

Coupang, Inc. (CPNG)

As-reported financials and SEC filings for Coupang, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Coupang, Inc.

Coupang, Inc. is a technology company that provides retail, restaurant delivery, video streaming, and financial technology services through brands such as Coupang, Eats, Play, Rocket Now, and Farfetch. It serves millions of customers in over 190 countries by offering fast delivery, broad product selection, and digital services. The company supports small and medium-sized enterprises by providing fulfillment, logistics, and advertising solutions to help them reach customers globally.

Snapshot

Revenue
$34.53B
Revenue growth (YoY)
14.1%
Net income
$208.0M
Diluted EPS
$0.11
Gross margin
29.4%
Operating margin
1.4%
Net margin
0.6%
FCF margin
1.5%
ROE
4.5%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$25.65B
Long-term debt / equity
0.14×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Coupang

  • Revenue grew 14.1% to $34.5B in FY2025, slower than the 24.1% the year before.
  • Operating margin turned positive at 1.4% in FY2025, from a 8.1% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $8.9B, up 3.9% from Q2 FY2025.
  • Free cash flow was $522M in FY2025, 1.5% of revenue.
  • Net income rose 35.1% to $208M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Coupang’s fundamentals sit among the 410 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin29.4%
40th percentile of 277
Operating margin1.4%
37th percentile of 348
Net margin0.6%
35th percentile of 384
FCF margin1.5%
32nd percentile of 358
Revenue growth (YoY)+14.1%
85th percentile of 401
ROE4.5%
44th percentile of 349
Long-term debt / equity0.14×
21st percentile of 236
Short interest5.51d
67th percentile of 408

Coupang’s revenue growth of +14.1% ranks in the 85th percentile of the 401 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $3.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 8 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
8
+6 quant / multi-strat
Initiated / added
8
1 new, 7 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$3.10B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$1.25B72.2MAdded
Tiger Global ManagementQ2 2026$633.4M36.5MAdded
Point72 Asset ManagementquantQ2 2026$389.2M22.4MAdded
Harris Associates (Oakmark)Q2 2026$248.3M14.3MAdded
Gates Foundation TrustQ2 2026$160.6M9.2MHeld
Sands Capital ManagementQ2 2026$131.3M7.6MReduced
Millennium ManagementquantQ2 2026$128.5M7.4MAdded
Duquesne Family OfficeQ2 2026$46.3M2.7MHeld
Two Sigma InvestmentsquantQ2 2026$42.8M2.5MAdded
Citadel AdvisorsquantQ2 2026$26.8M1.5MAdded
D. E. ShawquantQ2 2026$21.0M1.2MReduced
AQR Capital ManagementquantQ2 2026$14.4M828.3KReduced
Bridgewater AssociatesQ2 2026$3.5M200.6KNew
Soros Fund ManagementQ2 2026$454,29526.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
3
$3.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-02
filed 2026-10-05
Jonathan D. LeeChief Accounting OfficerSell5.5K$13.65$75K
2026-08-10
filed 2026-08-11
Harold RogersSee RemarksSell192.1K$16.18$3.1M
2026-08-10
filed 2026-08-11
Jonathan D. LeeChief Accounting OfficerSell5.5K$16.10$89K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
79.1M
settled 2026-09-30
Change vs prior
-0.0%
vs previous settlement
Days to cover
5.51
at avg daily volume
Avg daily volume
14.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3079.1M-0.0%5.51
2026-09-1579.2M+10.4%4.41
2026-08-3171.7M+3.9%5.20
2026-08-1469.0M-14.3%3.31
2026-07-3180.5M-0.3%4.34
2026-07-1580.8M+1.1%4.35
2026-06-3079.9M+3.6%3.69
2026-06-1577.1M+8.6%2.37

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$34.53B$30.27B$24.38B$20.58B$18.41B
Gross profit
Operating income$473.0M$436.0M$473.0M$-112.0M$-1.49B
Net income$208.0M$154.0M$1.36B$-92.0M$-1.54B
Diluted EPS$0.11$0.08$0.75$-0.05$-1.08

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.77B$1.89B$2.65B$565.0M$-411.0M
Capital expenditure$1.25B$879.0M$896.0M$824.0M$674.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$8.86B3.9%$-570.0M$-0.32
Q1 FY2026$8.50B7.5%$-266.0M$-0.15
Q4 FY202510.9%
Q3 FY2025$9.27B17.8%$95.0M$0.05
Q2 FY2025$8.52B16.4%$32.0M$0.02
Q1 FY2025$7.91B11.2%$107.0M$0.06
Q4 FY202421.4%
Q3 FY2024$7.87B27.2%$70.0M$0.04

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Catalog & Mail-Order Houses
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1834584

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-K2025-02-25
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-12
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.