7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $34.5B | $208M | 29.4% | 1.4% | $522M | $1.6B | $6.3B |
| 2024 | $30.3B | $154M | 29.2% | 1.4% | $1.0B | $1.5B | $5.9B |
| 2023 | $24.4B | $1.4B | 25.4% | 1.9% | $1.8B | $811M | $5.2B |
| 2022 | $20.6B | -$92M | 22.9% | -0.5% | -$259M | $713M | $3.5B |
| 2021 | $18.4B | -$1.5B | 16.0% | -8.1% | -$1.1B | $291M | $3.5B |
| 2020 | $12.0B | -$463M | 16.6% | -4.3% | -$183M | $510M | $1.3B |
| 2019 | $6.3B | -$697M | 16.5% | -10.2% | -$530M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $8.5B | -$266M | 27.0% | -2.8% | -$112M | $2.3B | $6.3B |
| Dec '25 | $8.8B | -$26M | 28.8% | 0.1% | -$278M | $1.6B | $6.3B |
| Sep '25 | $9.3B | $95M | 29.4% | 1.7% | $439M | — | $7.2B |
| Jun '25 | $8.5B | $32M | 30.0% | 1.7% | $246M | — | $6.8B |
| Mar '25 | $7.9B | $107M | 29.3% | 1.9% | $115M | — | $6.1B |
| Dec '24 | $8.0B | $156M | 31.3% | 3.9% | $462M | $1.5B | $5.9B |
| Sep '24 | $7.9B | $70M | 28.8% | 1.4% | -$46M | — | $5.8B |
| Jun '24 | $7.3B | -$77M | 29.3% | -0.3% | $486M | — | $5.5B |
| Mar '24 | $7.1B | $5M | 27.1% | 0.6% | $105M | — | $5.2B |
| Dec '23 | $6.6B | $1.0B | 25.6% | 2.0% | $375M | $811M | $5.2B |
| Sep '23 | $6.2B | $91M | 25.3% | 1.4% | $532M | $1.1B | $4.9B |
| Jun '23 | $5.8B | $145M | 26.1% | 2.5% | $443M | $1.1B | $4.5B |
| Mar '23 | $5.8B | $91M | 24.5% | 1.8% | $406M | $895M | $3.8B |
| Dec '22 | $5.3B | $102M | 24.0% | 1.6% | $459M | $713M | $3.5B |
| Sep '22 | $5.1B | $91M | 24.2% | 1.5% | -$225M | $721M | $2.9B |
| Jun '22 | $5.0B | -$75M | 22.9% | -1.3% | -$199M | $643M | $3.1B |
| Mar '22 | $5.1B | -$209M | 20.4% | -4.0% | -$294M | $619M | $3.4B |
| Dec '21 | $5.1B | -$405M | 15.9% | -7.8% | -$371M | $291M | $3.5B |
| Sep '21 | $4.6B | -$324M | 16.2% | -6.8% | -$245M | $337M | $3.9B |
| Jun '21 | $4.5B | -$519M | 14.7% | -11.5% | -$138M | $177M | $4.3B |
How the market has priced CPNG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Coupang, Inc.'s revenue has grown 23.6% per year. These are computed facts, not advice.
As of FY2025, Coupang, Inc. reported $1.6B of total debt against $6.3B of cash; operating income covered interest expense 5.5×.
In FY2025, gross margin was 29.4%, operating margin 1.4%, and net margin 0.6%.
As of Jun '26, Coupang, Inc. traded at a price-to-earnings ratio of about 149.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.