What is Coupang's deferred revenue?

Coupang (CPNG) reported deferred revenue of $183M in Q1 2026.

How has Coupang's deferred revenue changed year-over-year?

Coupang's deferred revenue increased by 6.4% year-over-year, from $172M to $183M.

What is the long-term trend for Coupang's deferred revenue?

Over 5 years (2020 to 2025), Coupang's deferred revenue has grown at a 23.6% compound annual growth rate (CAGR), from $65.26M to $188M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Coupang CPNG Deferred Revenue

Deferred Revenue at other companies

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$1.17M+2.5%

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$230M+6.0%

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$267M-3.3%

DoorDashDASH

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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$27.72B-48.8%

Enterprise value$26.72B-48.3%

P/S0.8×-0.9×

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 ratio1×-0.2×

Where this comes from

Reported directly by Coupang in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Coupang (CPNG) reported deferred revenue of $183M in Q1 2026.
How has Coupang's deferred revenue changed year-over-year?: Coupang's deferred revenue increased by 6.4% year-over-year, from $172M to $183M.
What is the long-term trend for Coupang's deferred revenue?: Over 5 years (2020 to 2025), Coupang's deferred revenue has grown at a 23.6% compound annual growth rate (CAGR), from $65.26M to $188M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.