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Coupang CPNG Free cash flow

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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%

Valuation

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Market cap$31.18B-38.4%
Enterprise value$30.19B-37.4%
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

Calculated from Coupang’s reported figures.

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 free cash flow?
Coupang (CPNG) reported free cash flow of -$112M in Q1 2026.
How has Coupang's free cash flow changed year-over-year?
Coupang's free cash flow decreased by 197.4% year-over-year, from $115M to -$112M.
What is the long-term trend for Coupang's free cash flow?
Over 2 years (2021 to 2024), Coupang's free cash flow has grown at a -1.5% compound annual growth rate (CAGR), from -$1.09B to $1.05B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.