What is Coupang's intangibles (net)?

Coupang (CPNG) reported intangibles (net) of $178M in Q1 2026.

How has Coupang's intangibles (net) changed year-over-year?

Coupang's intangibles (net) decreased by 17.2% year-over-year, from $215M to $178M.

What is the long-term trend for Coupang's intangibles (net)?

Over 2 years (2023 to 2025), Coupang's intangibles (net) has grown at a 126.6% compound annual growth rate (CAGR), from $37M to $190M.

What does intangibles (net) mean?

Identifiable intangible assets (patents, trademarks, customer relationships, technology) net of accumulated amortization — excluding goodwill.

Coupang CPNG Intangibles (Net)

Intangibles (Net) at other companies

Liquidity ServicesLQDT

$11.8M-22.5%

KRT

Karat PackagingKRT

$267K-8.9%

ARKO Corp.ARKO

$154.6M-12.5%

Maplebear Inc.CART

$60M+27.7%

GXO LogisticsGXO

$865M-11.5%

Curbline PropertiesCURB

$169.2M+67.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$184.0M-48.0%

CapEx$296.0M+23.8%

Free cash flow-$112.0M-197%

Valuation

See full

Market cap$27.72B-48.8%

Enterprise value$26.72B-48.3%

P/S0.8×-0.9×

Profitability

See full

Gross margin28.8%-0.9pp

Operating margin0.2%-1.6pp

Net margin1.2%-2.4pp

FCF margin3.7%+0.4pp

Returns & leverage

See full

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:IntangibleAssetsNetExcludingGoodwill.

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 intangibles (net)?: Coupang (CPNG) reported intangibles (net) of $178M in Q1 2026.
How has Coupang's intangibles (net) changed year-over-year?: Coupang's intangibles (net) decreased by 17.2% year-over-year, from $215M to $178M.
What is the long-term trend for Coupang's intangibles (net)?: Over 2 years (2023 to 2025), Coupang's intangibles (net) has grown at a 126.6% compound annual growth rate (CAGR), from $37M to $190M.
What does intangibles (net) mean?: Identifiable intangible assets (patents, trademarks, customer relationships, technology) net of accumulated amortization — excluding goodwill.