Coupang, Inc. (CPNG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 9.36B | 9.69B | 10.81B | 10.18B | 9.21B | 8.99B | 9.21B | 8.81B | 8.57B | 7.89B | 7.43B | 6.72B | 6.11B | 5.83B | 4.93B | 5.16B | 5.48B | 5.64B | 5.91B | 6.03B |
| Cash & Short-Term Investments | 6.3B | 6.32B | 7.23B | 6.8B | 6.11B | 5.88B | 5.82B | 5.54B | 5.23B | 5.24B | 4.86B | 4.47B | 3.79B | 3.51B | 2.9B | 3.11B | 3.37B | 3.49B | 3.93B | 4.28B |
| Cash Only | 6.3B | 6.32B | 7.23B | 6.8B | 6.11B | 5.88B | 5.82B | 5.54B | 5.23B | 5.24B | 4.86B | 4.47B | 3.79B | 3.51B | 2.9B | 3.11B | 3.37B | 3.49B | 3.93B | 4.28B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 351M | 363M | 393M | 499M | 484M | 407M | 517M | 547M | 601M | 314M | 285.08M | 138.85M | 126.89M | 184M | 169.42M | 187.64M | 170.6M | 175.35M | 134.32M | 129.04M |
| Days Sales Outstanding | 15.84 | 3.94 | 4.43 | 5.25 | 5.07 | 5.34 | 6.22 | 7.13 | 5.85 | 4.2 | 3.15 | 2.07 | 2.41 | 3.05 | 3.22 | 3.24 | 3.04 | 2.81 | 2.61 | 2.14 |
| Inventory | 2.04B | 2.26B | 2.49B | 2.29B | 2.05B | 2.1B | 2.18B | 1.99B | 1.94B | 1.67B | 1.64B | 1.57B | 1.67B | 1.66B | 1.41B | 1.45B | 1.38B | 1.42B | 1.21B | 1.23B |
| Days Inventory Outstanding | 31.12 | 34.68 | 33.53 | 33.07 | 33.38 | 35.97 | 34.3 | 34.51 | 31.63 | 31.17 | 31.93 | 34.09 | 34.14 | 34.81 | 33.99 | 33.15 | 30.93 | 28.37 | 28.88 | 30.23 |
| Other Current Assets | 674M | 754M | 95M | 596M | 560M | 609M | 692M | 734M | 804M | 669M | 646.12M | 539.36M | 528.42M | 480M | 449.19M | 414.79M | 564.04M | 552.25M | 636.25M | 383.78M |
| Total Non-Current Assets | 8.04B | 8.1B | 7.86B | 7.66B | 6.78B | 6.35B | 7.13B | 6.39B | 6.38B | 5.45B | 4.13B | 3.97B | 3.6B | 3.68B | 3.2B | 3.26B | 3.21B | 3.01B | 2.68B | 2.55B |
| Property, Plant & Equipment | 7.03B | 7.03B | 6.22B | 5.96B | 5.27B | 4.83B | 5.24B | 4.56B | 4.42B | 4.07B | 3.68B | 3.55B | 3.15B | 3.23B | 2.83B | 2.91B | 2.89B | 2.72B | 2.43B | 2.29B |
| Fixed Asset Turnover | 0.29x | 1.33x | 1.52x | 1.52x | 1.57x | 1.58x | 1.61x | 1.63x | 1.68x | 1.69x | 1.71x | 1.74x | 1.82x | 1.76x | 1.78x | 1.74x | 1.82x | 1.97x | 1.97x | 1.99x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.12M | 9.71M | 9.54M | 9.74M | 3.9M | 4.09M |
| Intangible Assets | 178M | 190M | 201M | 210M | 215M | 271M | 306M | 319M | 349M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 228M | 278M | 1.44B | 835M | 683M | 628M | 823M | 754M | 769M | 426M | 448.17M | 423.49M | 443.36M | 418M | 355.93M | 346.72M | 309.57M | 273.13M | 244.61M | 247.82M |
| Total Assets | 17.4B | 17.79B | 18.67B | 17.83B | 15.99B | 15.34B | 16.34B | 15.2B | 14.95B | 13.35B | 11.56B | 10.69B | 9.71B | 9.51B | 8.13B | 8.43B | 8.69B | 8.64B | 8.59B | 8.57B |
| Asset Turnover | 0.12x | 0.48x | 0.51x | 0.50x | 0.50x | 0.50x | 0.50x | 0.49x | 0.50x | 0.53x | 0.56x | 0.57x | 0.60x | 0.60x | 0.62x | 0.59x | 0.59x | 0.59x | 0.54x | 0.52x |
| Asset Growth % | 8.84% | 15.92% | 14.23% | 17.35% | 6.94% | 14.97% | 41.33% | 42.18% | 53.95% | 40.29% | 42.28% | 26.85% | 11.7% | 10.08% | -5.36% | -1.74% | 1.12% | - | - | - |
| Total Current Liabilities | 9.62B | 9.36B | 10.19B | 9.37B | 7.91B | 7.72B | 8.19B | 7.86B | 7.43B | 6.95B | 6.51B | 5.64B | 5.17B | 5.06B | 4.03B | 4.26B | 4.49B | 4.74B | 4.58B | 4.54B |
| Accounts Payable | 5.96B | 6.3B | 6.79B | 6.49B | 5.7B | 5.55B | 5.9B | 5.62B | 5.37B | 5.1B | 4.62B | 4.08B | 3.68B | 3.62B | 2.94B | 3.29B | 3.33B | 3.44B | 3.22B | 3.2B |
| Days Payables Outstanding | 88.91 | 95.74 | 93.32 | 93.01 | 90.58 | 96.24 | 94.68 | 96.52 | 91.87 | 91.58 | 86.59 | 81.87 | 75.05 | 74.57 | 74.16 | 77.6 | 74.82 | 71.72 | 75.88 | 73.43 |
| Short-Term Debt | 1.67B | 960M | 1.37B | 954M | 556M | 545M | 401M | 501M | 468M | 485M | 614.52M | 418M | 372.48M | 304M | 162.36M | 53.66M | 200.96M | 349.53M | 553.94M | 642.77M |
| Deferred Revenue (Current) | 183M | 188M | 0 | 188M | 172M | 141M | 191M | 139M | 135M | 97M | 85.53M | 93.25M | 93.26M | 92M | 129.24M | 105.43M | 100.55M | 93.97M | 80.45M | 71.96M |
| Other Current Liabilities | 1.8B | 1.37B | 1.04B | 805M | 646M | 593M | 765M | 654M | 655M | 526M | 526.76M | 451.59M | 456.91M | 420M | 270.3M | 266.3M | 313.91M | 266.71M | 300.52M | 245.47M |
| Current Ratio | 0.97x | 1.04x | 1.06x | 1.09x | 1.16x | 1.17x | 1.13x | 1.12x | 1.15x | 1.14x | 1.14x | 1.19x | 1.18x | 1.15x | 1.22x | 1.21x | 1.22x | 1.19x | 1.29x | 1.33x |
| Quick Ratio | 0.76x | 0.79x | 0.82x | 0.84x | 0.90x | 0.89x | 0.86x | 0.87x | 0.89x | 0.90x | 0.89x | 0.91x | 0.86x | 0.82x | 0.87x | 0.87x | 0.91x | 0.89x | 1.03x | 1.06x |
| Cash Conversion Cycle | -41.94 | -57.12 | -55.36 | -54.69 | -52.13 | -54.94 | -54.16 | -54.88 | -54.39 | -56.21 | -51.5 | -45.7 | -38.5 | -36.71 | -36.95 | -41.22 | -40.85 | -40.55 | -44.38 | -41.07 |
| Total Non-Current Liabilities | 3.85B | 3.81B | 3.73B | 3.78B | 3.68B | 3.53B | 3.88B | 3.39B | 3.31B | 2.31B | 2.13B | 2.27B | 1.98B | 2.04B | 1.93B | 2.09B | 2.16B | 1.72B | 1.44B | 1.24B |
| Long-Term Debt | 3.17B | 648M | 618M | 850M | 1B | 988M | 1.19B | 1.05B | 1.06B | 529M | 527.71M | 718.68M | 522.82M | 538M | 561.07M | 595.56M | 611.05M | 283.19M | 169.33M | 4.13M |
| Capital Lease Obligations | 0 | 2.48B | 2.44B | 2.27B | 2.08B | 1.77B | 1.97B | 1.74B | 1.67B | 1.39B | 1.3B | 1.26B | 1.18B | 1.23B | 1.14B | 1.27B | 1.3B | 1.2B | 1.1B | 1.07B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 679M | 677M | 675M | 657M | 597M | 768M | 716M | 603M | 585M | 396M | 305.79M | 294.19M | 275.2M | 264M | 222.19M | 229.48M | 253.41M | 237.12M | 169.49M | 159.68M |
| Total Liabilities | 13.47B | 13.16B | 13.93B | 13.15B | 11.59B | 11.24B | 12.06B | 11.25B | 10.75B | 9.26B | 8.63B | 7.91B | 7.15B | 7.1B | 5.95B | 6.36B | 6.66B | 6.47B | 6.02B | 5.77B |
| Total Debt | 4.84B | 4.63B | 4.95B | 4.58B | 4.08B | 3.73B | 4.02B | 3.71B | 3.62B | 2.79B | 2.79B | 2.72B | 2.39B | 2.4B | 2.14B | 2.22B | 2.41B | 2.12B | 2.09B | 1.97B |
| Net Debt | -1.46B | -1.68B | -2.28B | -2.22B | -2.03B | -2.15B | -1.8B | -1.82B | -1.61B | -2.46B | -2.07B | -1.75B | -1.4B | -1.11B | -759.41M | -887.43M | -960.99M | -1.37B | -1.84B | -2.32B |
| Debt / Equity | 1.23x | 1.00x | 1.04x | 0.98x | 0.93x | 0.91x | 0.94x | 0.94x | 0.86x | 0.68x | 0.95x | 0.98x | 0.93x | 1.00x | 0.99x | 1.07x | 1.18x | 0.97x | 0.81x | 0.70x |
| Debt / EBITDA | - | - | 16.78x | 16.65x | 14.78x | 8.62x | 18.19x | 45.86x | 26.79x | 13.46x | 17.87x | 12.73x | 13.99x | 17.11x | 16.26x | - | - | - | - | - |
| Net Debt / EBITDA | - | - | -7.73x | -8.06x | -7.37x | -4.99x | -8.15x | -22.48x | -11.92x | -11.86x | -13.27x | -8.18x | -8.18x | -7.89x | -5.76x | - | - | - | - | - |
| Interest Coverage | -18.62x | 2.38x | 8.50x | 8.76x | 10.39x | 7.98x | 4.67x | 1.08x | 3.19x | 13.39x | 9.78x | 14.36x | 16.50x | 14.37x | 16.04x | -11.23x | -27.37x | -54.28x | -42.91x | -87.66x |
| Total Equity | 3.93B | 4.62B | 4.74B | 4.68B | 4.4B | 4.1B | 4.28B | 3.95B | 4.2B | 4.09B | 2.93B | 2.78B | 2.56B | 2.41B | 2.17B | 2.07B | 2.04B | 2.18B | 2.57B | 2.8B |
| Equity Growth % | -10.64% | 12.7% | 10.85% | 18.7% | 4.74% | 0.32% | 46.05% | 42.21% | 64.02% | 69.39% | 34.83% | 34.2% | 25.66% | 10.94% | -15.43% | -26.21% | -37.8% | - | - | - |
| Book Value per Share | 2.15 | 2.49 | 2.54 | 2.53 | 2.39 | 2.23 | 2.34 | 2.21 | 2.31 | 2.27 | 1.62 | 1.54 | 1.43 | 1.37 | 1.21 | 1.17 | 1.16 | 1.24 | 1.47 | 1.61 |
| Total Shareholders' Equity | 3.93B | 4.62B | 4.74B | 4.68B | 4.37B | 4.1B | 4.19B | 3.86B | 4.08B | 4.09B | 2.93B | 2.78B | 2.56B | 2.41B | 2.17B | 2.07B | 2.04B | 2.18B | 2.57B | 2.8B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179K | 178K | 178K | 0 | 177K | 177K | 176K | 175K | 174K | 173K |
| Retained Earnings | -4.29B | -4.02B | -4B | -4.09B | -4.12B | -4.23B | -4.38B | -4.46B | -4.38B | -4.38B | -5.42B | -5.51B | -5.65B | -5.74B | -5.84B | -5.94B | -5.86B | -5.65B | -5.25B | -4.92B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -540M | -381M | -327M | -250M | -404M | -404M | -51M | -198M | -121M | -17M | -58.59M | -34.29M | -15.91M | 3M | -64.21M | -11.69M | -40.92M | -47.74M | 86K | -25.45M |
| Minority Interest | 0 | 0 | 0 | 0 | 26M | -1M | 88M | 91M | 120M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |