Coupang, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $34.5B | $30.3B | $24.4B | $20.6B | $18.4B |
| Cost of revenue | $24.4B | $21.4B | $18.2B | $15.9B | $15.5B |
| Gross profit | $10.1B | $8.8B | $6.2B | $4.7B | — |
| Operating income | $473.0M | $436.0M | $473.0M | -$112.0M | -$1.5B |
| Interest expense | $86.0M | $140.0M | $48.0M | $27.0M | $45.0M |
| Pretax income | $597.0M | $473.0M | $584.0M | -$93.0M | -$1.5B |
| Income tax expense | $383.0M | $407.0M | -$776.0M | -$1.0M | $1.0M |
| Net income | $208.0M | $154.0M | $1.4B | -$92.0M | -$1.5B |
| Balance Sheet | |||||
| Cash and equivalents | $6.3B | $5.9B | $5.2B | $3.5B | $3.5B |
| Current assets | $9.7B | $9.0B | $7.9B | $5.8B | $5.6B |
| Total assets | $17.8B | $15.3B | $13.3B | $9.5B | $8.6B |
| Current liabilities | $9.4B | $7.7B | $6.9B | $5.1B | $4.7B |
| Total liabilities | $13.2B | $11.2B | $9.2B | $7.1B | $6.5B |
| Total debt | $650.0M | $1.1B | $735.0M | $670.0M | $626.2M |
| Stockholders' equity | $4.6B | $4.1B | $4.1B | $2.4B | $2.2B |
| Cash Flow Statement | |||||
| Cash from operations | $1.8B | $1.9B | $2.7B | $565.0M | -$411.0M |
| Depreciation and amortization | $517.0M | $433.0M | $275.0M | $231.0M | $201.0M |
| Stock-based compensation | $475.0M | $433.0M | $326.0M | $262.0M | $249.0M |
| Capital expenditure | $1.3B | $879.0M | $896.0M | $824.0M | $674.0M |
| Free cash flow | $522.0M | $1.0B | $1.8B | -$259.0M | -$1.1B |
| Share repurchases | $243.0M | $178.0M | $0 | $0 | $0 |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 1.8B · Free float 61.8%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.