What is Coupang's inventories?

Coupang (CPNG) reported inventories of $2.04B in Q1 2026.

How has Coupang's inventories changed year-over-year?

Coupang's inventories decreased by 0.6% year-over-year, from $2.05B to $2.04B.

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

Over 4 years (2021 to 2025), Coupang's inventories has grown at a 15.1% compound annual growth rate (CAGR), from $5.17B to $9.08B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Coupang CPNG Inventories

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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

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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:InventoryNet.

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 inventories?: Coupang (CPNG) reported inventories of $2.04B in Q1 2026.
How has Coupang's inventories changed year-over-year?: Coupang's inventories decreased by 0.6% year-over-year, from $2.05B to $2.04B.
What is the long-term trend for Coupang's inventories?: Over 4 years (2021 to 2025), Coupang's inventories has grown at a 15.1% compound annual growth rate (CAGR), from $5.17B to $9.08B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.