CPNG
Coupang LLC
NYSE: CPNG · CONSUMER CYCLICAL · INTERNET RETAIL
$20.31
-0.15% today
Updated 2026-04-29
Market cap
$36.70B
P/E ratio
184.64
P/S ratio
1.06x
EPS (TTM)
$0.11
Dividend yield
—
52W range
$17 – $34
Volume
21.5M
Coupang LLC (CPNG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $6.27B | $11.97B | $18.41B | $20.58B | $24.38B | $30.27B | $34.53B |
| Revenue growth (YoY) | — | +54.8% | +90.8% | +53.8% | +11.8% | +18.5% | +24.1% | +14.1% |
| Cost of revenue | $3.86B | $5.24B | $9.98B | $15.46B | $15.87B | $18.19B | $21.44B | $24.39B |
| Gross profit | $189.38M | $1.03B | $1.99B | $2.95B | $4.71B | $6.19B | $8.83B | $10.14B |
| Gross margin | 4.7% | 16.5% | 16.6% | 16.0% | 22.9% | 25.4% | 29.2% | 29.4% |
| R&D | — | — | — | — | — | — | — | — |
| SG&A | $1.24B | $1.68B | $2.50B | $4.45B | $4.82B | $5.72B | $8.39B | $9.67B |
| Operating income | $-1.05B | $-641.92M | $-515.99M | $-1.49B | $-112.00M | $473.00M | $436.00M | $473.00M |
| Operating margin | -26.0% | -10.2% | -4.3% | -8.1% | -0.5% | 1.9% | 1.4% | 1.4% |
| EBITDA | $-970.69M | $-529.31M | $-227.58M | $-1.30B | $165.00M | $907.00M | $1.05B | $683.00M |
| EBITDA margin | -23.9% | -8.4% | -1.9% | -7.0% | 0.8% | 3.7% | 3.5% | 2.0% |
| EBIT | $-1.02B | $-600.22M | $-355.10M | $-1.50B | $-66.00M | $632.00M | $613.00M | — |
| Interest expense | $70.95M | $96.91M | $107.76M | $45.00M | $27.00M | $48.00M | $140.00M | $86.00M |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-1.10B | $-696.88M | $-463.16M | $-1.54B | $-92.00M | $1.36B | $154.00M | $208.00M |
| Net income growth (YoY) | — | +36.5% | +33.5% | -233.1% | +94.0% | +1578.3% | -88.7% | +35.1% |
| Profit margin | -27.1% | -11.1% | -3.9% | -8.4% | -0.4% | 5.6% | 0.5% | 0.6% |