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Coupang CPNG Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue estimate$8.0B
EPS estimate$0.05

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$9.1B
EPS estimate-$0.21

Financials

Q1 2025

Income statement

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Revenue$7.9B+11.2%
Gross profit$2.3B+20.1%
Operating income$154.0M+285%
Net income$107.0M+2,040%
EPS (diluted)$0.06

Balance sheet

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Cash & equivalents$6.2B+11.2%
Total debt$4.1B+19.3%
Total equity$4.4B+7.1%
Total assets$16.0B+6.9%

Cash flow

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Operating cash flow$354.0M+67.0%
CapEx$239.0M+123%
Free cash flow$115.0M+9.5%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$39.59B+24.1%
Enterprise value$37.47B+25.9%
P/E154.7×+130×
P/S1.3×0.0×

Profitability

See full
Gross margin29.7%+3.6pp
Operating margin1.8%+0.2pp
Net margin0.8%-4.1pp
FCF margin3.4%-2.2pp

Returns & leverage

See full
Return on equity6.1%-32.3pp
Debt / equity0.9×+0.1×
Current ratio1.2×0.0×

Segments

By segment

See full
Product Commerce$6.9B+5.8%
Developing Offerings$1.0B+67.4%

By product

See full
Third-party merchant services$1.6B+49.2%
Other revenue$258.0M+50.0%

Versus estimates

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Questions, answered.

When did Coupang report Q1 2025 earnings?
Coupang (CPNG) reported Q1 2025 earnings on May 6, 2025 after market close.
What were Coupang's Q1 2025 revenue and EPS?
Coupang reported revenue of $7.9B and diluted EPS of $0.06 for Q1 2025.
Did Coupang beat estimates in Q1 2025?
Revenue missed the consensus estimate of $8.0B by $110.1M. EPS beat the consensus estimate of $0.05 by $0.01.
How did Coupang's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.2% from $7.1B a year earlier and diluted EPS grew 20.0% from $0.05.
Where can I find Coupang's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001834584-25-000076) directly on SEC EDGAR. The filing index links above go to sec.gov.