Coupang, Inc.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
CPNG$16.42+0.8%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in millions, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Net retail sales | $7,081 | $6,140 | $19,676 | $17,814 |
| Net other revenue | 2,186 | 1,726 | 6,023 | 4,489 |
| Total net revenues | 9,267 | 7,866 | 25,699 | 22,303 |
| Cost of sales | 6,547 | 5,597 | 18,102 | 15,963 |
| Operating, general and administrative | 2,558 | 2,160 | 7,132 | 6,216 |
| Total operating cost and expenses | 9,105 | 7,757 | 25,234 | 22,179 |
| Operating income | 162 | 109 | 465 | 124 |
| Interest income | 52 | 55 | 152 | 163 |
| Interest expense | (22) | (36) | (70) | (100) |
| Other (expense) income, net | (27) | 4 | 28 | 7 |
| Income before income taxes | 165 | 132 | 575 | 194 |
| Income tax expense | 70 | 68 | 335 | 259 |
| Net income (loss) | $95 | $64 | $240 | $(65) |
| Net income (loss) attributable to noncontrolling interests | — | (6) | 6 | (63) |
| Net income (loss) attributable to Coupang stockholders | $95 | $70 | $234 | $(2) |
| Earnings per share | ||||
| Basic | $0.05 | $0.04 | $0.13 | $— |
| Diluted | $0.05 | $0.04 | $0.13 | $— |
| Weighted-average shares outstanding | ||||
| Basic | 1,823 | 1,795 | 1,816 | 1,792 |
| Diluted | 1,864 | 1,829 | 1,853 | 1,792 |
| Coupang, Inc. | Q3 2025 Form 10-Q | 4 |
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