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Coupang CPNG Developing Offerings — Cost of Sales

Other segment segments

Product Commerce
$5B+6.0%

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Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$31.56B-40.5%
Enterprise value$30.56B-39.5%
P/S0.9×-0.7×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's developing offerings — cost of sales?
Coupang (CPNG) reported developing offerings — cost of sales of $1.21B in Q1 2026.
How has Coupang's developing offerings — cost of sales changed year-over-year?
Coupang's developing offerings — cost of sales increased by 38.0% year-over-year, from $873M to $1.21B.
What is the long-term trend for Coupang's developing offerings — cost of sales?
Over 3 years (2022 to 2025), Coupang's developing offerings — cost of sales has grown at a 93.1% compound annual growth rate (CAGR), from $593M to $4.27B.
What does developing offerings — cost of sales mean?
This represents the direct costs attributable to the production, procurement, and delivery of goods or services within the company's developing business segments. It includes expenses such as inventory costs, fulfillment, and direct labor associated with these specific emerging offerings. Monitoring this is essential for understanding the unit economics and cost structure of new ventures before they reach maturity.