Coupang, Inc. (CPNG) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 2.03B | 8.84B | 9.27B | 8.52B | 7.91B | 7.96B | 7.87B | 7.32B | 7.11B | 6.56B | 6.18B | 5.84B | 5.8B | 5.33B | 5.1B | 5.04B | 5.12B | 5.08B | 4.64B | 4.48B |
| Revenue Growth % | -74.36% | 10.92% | 17.81% | 16.4% | 11.16% | 21.42% | 27.2% | 25.44% | 22.63% | 23.14% | 21.22% | 15.88% | 13.37% | 4.93% | 9.83% | 12.5% | 21.63% | - | - | - |
| Cost of Goods Sold | 6.21B | 6.29B | 6.55B | 5.96B | 5.59B | 5.47B | 5.6B | 5.18B | 5.18B | 4.88B | 4.62B | 4.31B | 4.38B | 4.05B | 3.87B | 3.88B | 4.07B | 4.27B | 3.89B | 3.82B |
| COGS % of Revenue | 306.07% | 71.21% | 70.65% | 69.96% | 70.71% | 68.73% | 71.15% | 70.75% | 72.88% | 74.39% | 74.68% | 73.9% | 75.52% | 75.99% | 75.81% | 77.1% | 79.61% | 84.13% | 83.76% | 85.3% |
| Gross Profit | -4.18B | 2.54B | 2.72B | 2.56B | 2.32B | 2.49B | 2.27B | 2.14B | 1.93B | 1.68B | 1.57B | 1.52B | 1.42B | 1.28B | 1.23B | 1.15B | 1.04B | 805.6M | 754.53M | 658.49M |
| Gross Margin % | -206.07% | 28.79% | 29.35% | 30.04% | 29.29% | 31.27% | 28.85% | 29.25% | 27.12% | 25.61% | 25.32% | 26.1% | 24.48% | 24.01% | 24.19% | 22.9% | 20.39% | 15.87% | 16.24% | 14.7% |
| Gross Profit Growth % | -280.44% | 2.13% | 19.88% | 19.56% | 20.06% | 48.27% | 44.89% | 40.55% | 35.85% | 31.36% | 26.92% | 32.09% | 36.09% | 58.75% | 63.53% | 75.22% | 42.44% | - | - | - |
| Operating Expenses | 2.54B | 2.54B | 2.56B | 2.41B | 2.16B | 2.18B | 2.16B | 2.17B | 1.89B | 1.55B | 1.48B | 1.38B | 1.31B | 1.2B | 1.16B | 1.22B | 1.25B | 1.2B | 1.07B | 1.17B |
| OpEx % of Revenue | 125.2% | 28.7% | 27.6% | 28.3% | 27.34% | 27.36% | 27.46% | 29.59% | 26.55% | 23.63% | 23.9% | 23.57% | 22.63% | 22.44% | 22.67% | 24.24% | 24.41% | 23.68% | 23.03% | 26.2% |
| Selling, General & Admin | 2.54B | 2.54B | 2.56B | 2.41B | 0 | 2.18B | 2.16B | 2.17B | 1.89B | 1.55B | 1.48B | 1.38B | 1.31B | 1.2B | 1.16B | 1.22B | 1.25B | 1.2B | 1.07B | 1.17B |
| SG&A % of Revenue | 125.2% | 28.7% | 27.6% | 28.3% | - | 27.36% | 27.46% | 29.59% | 26.55% | 23.62% | 23.91% | 23.57% | 22.63% | 22.44% | 22.67% | 24.24% | 24.41% | 23.68% | 23.03% | 26.2% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 449K | -303K | -146K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -242M | 8M | 162M | 149M | 154M | 312M | 109M | -25M | 40M | 130M | 88M | 148M | 107M | 83.43M | 77.42M | -67.14M | -205.71M | -396.6M | -315.11M | -514.94M |
| Operating Margin % | -11.93% | 0.09% | 1.75% | 1.75% | 1.95% | 3.92% | 1.39% | -0.34% | 0.56% | 1.98% | 1.42% | 2.54% | 1.84% | 1.57% | 1.52% | -1.33% | -4.02% | -7.81% | -6.78% | -11.5% |
| Operating Income Growth % | -257.14% | -97.44% | 48.62% | 696% | 285% | 140% | 23.86% | -116.89% | -62.62% | 55.82% | 13.67% | 320.43% | 152.02% | 121.04% | 124.57% | 86.96% | 23.05% | - | - | - |
| EBITDA | -242M | -373M | 295M | 275M | 276M | 432M | 221M | 81M | 135M | 207M | 156M | 214M | 171M | 140.37M | 131.84M | -6.74M | -146.47M | -340.98M | -263.57M | -467.99M |
| EBITDA Margin % | -11.93% | -4.22% | 3.18% | 3.23% | 3.49% | 5.42% | 2.81% | 1.11% | 1.9% | 3.16% | 2.52% | 3.67% | 2.95% | 2.63% | 2.58% | -0.13% | -2.86% | -6.72% | -5.67% | -10.45% |
| EBITDA Growth % | -187.68% | -186.34% | 33.48% | 239.51% | 104.44% | 108.7% | 41.67% | -62.15% | -21.05% | 47.47% | 18.32% | 3273.19% | 216.75% | 141.16% | 150.02% | 98.56% | 33.4% | - | - | - |
| D&A (Non-Cash Add-back) | 0 | -381M | 133M | 126M | 122M | 120M | 112M | 106M | 95M | 77M | 68M | 66M | 64M | 56.94M | 54.42M | 60.4M | 59.24M | 55.61M | 51.54M | 46.94M |
| EBIT | 0 | 38M | 187M | 219M | 239M | 319M | 168M | 40M | 86M | 186M | 130M | 184M | 132M | 100.64M | 104.05M | -69.01M | -201.68M | -396.84M | -316.54M | -512.66M |
| Net Interest Income | 0 | 31M | 30M | 26M | 26M | 13M | 19M | 16M | 28M | 40.18M | 37M | 28.82M | 24M | 19.7M | 8.92M | 1.22M | -3.83M | -4.12M | -4.77M | -3.94M |
| Interest Income | 44M | 47M | 52M | 51M | 49M | 53M | 55M | 53M | 55M | 54.13M | 50.24M | 41.63M | 32M | 26.7M | 15.4M | 7.36M | 3.53M | 3.19M | 2.6M | 1.91M |
| Interest Expense | -13M | 16M | 22M | 25M | 23M | 40M | 36M | 37M | 27M | 13.89M | 13.29M | 12.81M | 8M | 7M | 6.49M | 6.14M | 7.37M | 7.31M | 7.38M | 5.85M |
| Other Income/Expense | -13M | 14M | 3M | 45M | 62M | -33M | 23M | 28M | 19M | 42M | 29M | 23M | 17M | 10.21M | 20.14M | -8.01M | -3.34M | -7.55M | -8.8M | -3.57M |
| Pretax Income | -255M | 22M | 165M | 194M | 216M | 279M | 132M | 3M | 59M | 172M | 117M | 171M | 124M | 93.64M | 97.56M | -75.15M | -209.05M | -404.15M | -323.91M | -518.5M |
| Pretax Margin % | -12.57% | 0.25% | 1.78% | 2.28% | 2.73% | 3.5% | 1.68% | 0.04% | 0.83% | 2.62% | 1.89% | 2.93% | 2.14% | 1.76% | 1.91% | -1.49% | -4.09% | -7.96% | -6.97% | -11.58% |
| Income Tax | 11M | 48M | 70M | 163M | 102M | 148M | 68M | 108M | 83M | -861M | 26M | 26M | 33M | -8.47M | 6.88M | 340K | 245K | 831K | 66K | 97K |
| Effective Tax Rate % | -4.31% | 218.18% | 42.42% | 84.02% | 47.22% | 53.05% | 51.52% | 3600% | 140.68% | -500.58% | 22.22% | 15.2% | 26.61% | -9.04% | 7.06% | -0.45% | -0.12% | -0.21% | -0.02% | -0.02% |
| Net Income | -266M | -26M | 95M | 32M | 107M | 156M | 70M | -77M | 5M | 1.03B | 91M | 145M | 91M | 102.11M | 90.68M | -75.49M | -209.29M | -404.98M | -323.98M | -518.6M |
| Net Margin % | -13.12% | -0.29% | 1.03% | 0.38% | 1.35% | 1.96% | 0.89% | -1.05% | 0.07% | 15.75% | 1.47% | 2.48% | 1.57% | 1.92% | 1.78% | -1.5% | -4.09% | -7.98% | -6.98% | -11.58% |
| Net Income Growth % | -348.6% | -116.67% | 35.71% | 141.56% | 2040% | -84.9% | -23.08% | -153.1% | -94.51% | 911.69% | 0.35% | 292.08% | 143.48% | 125.21% | 127.99% | 85.44% | 29.06% | - | - | - |
| Net Income (Continuing) | -266M | -26M | 95M | 31M | 114M | 131M | 64M | -105M | -24M | 1.03B | 91M | 145M | 91M | 102.11M | 90.68M | -75.49M | -209.29M | -404.98M | -323.98M | -518.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 26M | -1M | 88M | 91M | 120M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.15 | -0.01 | 0.05 | 0.02 | 0.06 | 0.08 | 0.04 | -0.04 | 0.00 | 0.57 | 0.05 | 0.08 | 0.05 | 0.06 | 0.05 | -0.04 | -0.12 | -0.23 | -0.19 | -0.30 |
| EPS Growth % | -350% | -116.73% | 25% | 140% | - | -85.11% | -20% | -153.75% | -94.4% | 839.04% | 0% | 286.92% | 141.67% | 126.39% | 126.32% | 85.73% | 29.41% | - | - | - |
| EPS (Basic) | -0.15 | -0.01 | 0.05 | 0.02 | 0.06 | 0.09 | 0.04 | -0.04 | 0.00 | 0.58 | 0.05 | 0.08 | 0.05 | 0.06 | 0.05 | -0.04 | -0.12 | -0.23 | -0.19 | -0.30 |
| Diluted Shares Outstanding | 1.82B | 1.85B | 1.86B | 1.85B | 1.84B | 1.84B | 1.83B | 1.79B | 1.81B | 1.8B | 1.81B | 1.8B | 1.79B | 1.76B | 1.79B | 1.76B | 1.76B | 1.75B | 1.75B | 1.74B |
| Basic Shares Outstanding | 1.82B | 1.82B | 1.82B | 1.82B | 1.81B | 1.8B | 1.79B | 1.79B | 1.79B | 1.78B | 1.78B | 1.78B | 1.77B | 1.76B | 1.77B | 1.76B | 1.76B | 1.75B | 1.75B | 1.74B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |