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Coupang

CPNG

Coupang is a leading technology-driven retail and services company that operates an end-to-end integrated fulfillment and logistics network.

Market cap
$29.71B-42.3%
Revenue$35.5B+9.9%
Net income-$709.0M-377%
Free cash flow$623.0M-41.4%
EPS (diluted)-$0.40-386%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$9.8B
EPS estimate-$0.06

Financials

Q2 2026

Income statement

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Revenue$8.9B+3.9%
Gross profit$2.5B-2.6%
Operating income-$556.0M-473%
Net income-$570.0M-1,881%
EPS (diluted)-$0.32-1,700%

Balance sheet

See full
Cash & equivalents$6.1B-11.3%
Total debt$5.6B+27.7%
Total equity$3.0B-36.2%
Total assets$17.4B-2.5%

Cash flow

See full
Operating cash flow$367.0M-32.7%
CapEx$317.0M+6.0%
Free cash flow$50.0M-79.7%

Valuation & ratios

Valuation

See full
Market cap$29.71B-42.3%
Enterprise value$29.24B-40.3%
P/S0.8×-0.8×

Profitability

See full
Gross margin28.4%-1.5pp
Operating margin-1.8%-4.0pp

Returns & leverage

See full
Debt / equity1.9×+0.9×
Current ratio0.9×-0.2×

Competitors

Profile

Coupang is a leading technology-driven retail and services company that operates an end-to-end integrated fulfillment and logistics network. The company provides a comprehensive ecosystem including e-commerce, restaurant delivery, video streaming, and fintech services, primarily serving the South Korean market while expanding into international regions. Its core value proposition centers on high-speed delivery, competitive pricing, and a seamless customer experience through its proprietary technology infrastructure.

Competitive position

A dominant e-commerce leader in South Korea with a unique end-to-end integrated logistics network that provides a significant structural advantage in delivery speed and cost efficiency.

GeographiesSouth Korea, Taiwan, Singapore, China, India, Japan, United States
Customer segmentsMass market consumers, Luxury shoppers, Third-party sellers
Business modelB2C e-commerce, Marketplace, Subscription, Advertising, Logistics as a Service
SuppliersProduct manufacturers, Wholesale suppliers, Technology infrastructure providers, Content creators and licensors
CustomersRetail consumers, Marketplace merchants, Advertising clients
Listed2021
Employees78.0K
CEOBom Kim
FilingsSEC EDGAR

FAQ

What is Coupang's market cap?
Coupang (CPNG) has a market capitalization of $29.7B and trades on NYSE.
What is Coupang's revenue and profitability?
Coupang generated $35.5B in trailing twelve-month revenue with a net loss of $709.0M, representing a net margin of 1.2%. Gross margin stands at 28.4%, with free cash flow of $623.0M. These figures are based on the Q2 2026 filing.
Who are Coupang's competitors?
Coupang's key competitors include Amazon, Hour Loop, Inc. Common Stock, Karat Packaging Inc. Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Coupang have?
Coupang's subsidiaries include Coupang Corp., Farfetch Holdings plc.
Where is Coupang headquartered?
Coupang is headquartered in Korea (the Republic of) and employs approximately 78,000 people. It has been publicly traded since 2021.