Coupang, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
CPNG$16.42+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
Table of Contents
CONSOLIDATED BALANCE SHEETS
| (in millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $6,318 | $5,879 |
| Restricted cash | 94 | 151 |
| Accounts receivable, net | 363 | 407 |
| Inventories | 2,256 | 2,099 |
| Prepaids and other current assets | 660 | 458 |
| Total current assets | 9,691 | 8,994 |
| Property and equipment, net | 3,722 | 2,813 |
| Operating lease right-of-use assets | 2,765 | 2,016 |
| Intangible assets, net | 190 | 271 |
| Deferred tax assets | 596 | 622 |
| Long-term lease deposits and other | 823 | 628 |
| Total assets | $17,787 | $15,344 |
| Liabilities, redeemable noncontrolling interests, and equity | ||
| Accounts payable | $6,298 | $5,554 |
| Accrued expenses | 515 | 461 |
| Deferred revenue | 188 | 141 |
| Short-term borrowings | 960 | 479 |
| Current portion of long-term debt | — | 66 |
| Current portion of long-term operating lease obligations | 545 | 422 |
| Other current liabilities | 851 | 593 |
| Total current liabilities | 9,357 | 7,716 |
| Long-term debt | 648 | 988 |
| Long-term operating lease obligations | 2,482 | 1,770 |
| Defined severance benefits and other | 677 | 693 |
| Total liabilities | 13,164 | 11,167 |
| Commitments and contingencies (Note 14) | ||
| Redeemable noncontrolling interests (Note 16) | — | 75 |
| Equity | ||
| Common stock | — | — |
| Class A — shares authorized 10,000, outstanding 1,665 and 1,643Class B — shares authorized 250, outstanding 158 and 158 | ||
| Additional paid-in capital | 9,025 | 8,736 |
| Accumulated other comprehensive loss | (381) | (404) |
| Accumulated deficit | (4,021) | (4,229) |
| Noncontrolling interests | — | (1) |
| Total equity | 4,623 | 4,102 |
| Total liabilities, redeemable noncontrolling interests, and equity | $17,787 | $15,344 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.