Coupang, Inc.CPNGEarnings & Financial Report
Coupang, Inc. is an American Delaware-incorporated technology and online retail company headquartered in Seattle, Washington. Founded in 2010 by Bom Kim, the company operates a retail business, food delivery service, and OTT streaming service, with offices and operations in South Korea, Taiwan, the United States, India, Japan and Singapore.
CPNG Q3 2025 Key Financial Metrics
Revenue
$9.3B
Gross Profit
$2.7B
Operating Profit
$162.0M
Net Profit
$95.0M
Gross Margin
29.4%
Operating Margin
1.7%
Net Margin
1.0%
YoY Growth
17.8%
EPS
$0.05
Financial Flow
Coupang, Inc. Q3 2025 Financial Summary
Coupang, Inc. reported revenue of $9.3B for Q3 2025, with a net profit of $95.0M (1.0% margin). Cost of goods sold was $6.5B, operating expenses totaled $2.6B.
Key Financial Metrics
| Total Revenue | $9.3B |
|---|---|
| Net Profit | $95.0M |
| Gross Margin | 29.4% |
| Operating Margin | 1.7% |
| Report Period | Q3 2025 |
Coupang, Inc. Annual Revenue by Year
Coupang, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $30.3B).
| Year | Annual Revenue |
|---|---|
| 2024 | $30.3B |
| 2023 | $24.4B |
| 2022 | $20.6B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.56B | $7.11B | $7.32B | $7.87B | $7.96B | $7.91B | $8.52B | $9.27B |
| YoY Growth | 23.2% | 22.6% | 25.4% | 27.2% | 21.4% | 11.2% | 16.4% | 17.8% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $13.35B | $14.95B | $15.20B | $16.34B | $15.34B | $15.99B | $17.83B | $18.67B |
| Liabilities | $9.24B | $10.75B | $11.25B | $12.06B | $11.17B | $11.59B | $13.15B | $13.93B |
| Equity | $4.09B | $4.08B | $3.85B | $4.19B | $4.10B | $4.37B | $4.68B | $4.74B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $609.3M | $212.0M | $664.0M | $334.0M | $676.0M | $354.0M | $545.0M | $792.0M |
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