Coupang Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $34.53B | $30.27B | $24.38B | $20.58B | $18.41B | $11.97B | $6.27B |
| Cost of Revenue | $24.39B | $21.44B | $18.19B | $15.87B | $15.46B | $9.98B | $5.24B |
| Gross Profit | $10.14B | $8.83B | $6.19B | $4.71B | $2.95B | $1.99B | $1.03B |
| Gross Margin | 29.4% | 29.2% | 25.4% | 22.9% | 16.0% | 16.6% | 16.5% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $9.67B | $8.40B | $5.72B | $4.82B | $4.45B | $2.50B | $1.68B |
| Operating Income | $473.0M | $436.0M | $473.0M | $-112.0M | $-1.49B | $-516.0M | $-641.9M |
| Operating Margin | 1.4% | 1.4% | 1.9% | -0.5% | -8.1% | -4.3% | -10.2% |
| Interest Expense | — | — | $48.0M | $27.0M | $45.0M | $107.8M | $96.9M |
| Pretax Income | $597.0M | $473.0M | $584.0M | $-93.0M | $-1.54B | $-462.9M | $-697.1M |
| Income Tax Expense | $383.0M | $407.0M | $-776.0M | $-1.0M | $1.0M | $292.0K | $-241.0K |
| Net Income | $208.0M | $154.0M | $1.36B | $-92.0M | $-1.54B | $-463.2M | $-696.9M |
| Net Margin | 0.6% | 0.5% | 5.6% | -0.4% | -8.4% | -3.9% | -11.1% |
| EPS (Basic) | $0.11 | $0.09 | $0.76 | $-0.05 | $-1.08 | $-0.39 | $-0.81 |
| EPS (Diluted) | $0.11 | $0.08 | $0.75 | $-0.05 | $-1.08 | $-0.39 | $-0.81 |
| Shares Outstanding (Basic) | 1.82B | 1.79B | 1.78B | 1.77B | 1.42B | 1.42B | 953.7M |
| Shares Outstanding (Diluted) | 1.86B | 1.83B | 1.80B | 1.77B | 1.42B | 1.42B | 953.7M |
| Dividends Per Share | — | — | — | — | — | — | — |