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Coupang, Inc.

CPNGNYSE
Wall Street Score · overall investment33/100
$14.30USD$-0.27 (-1.85%)
Company website www.aboutcoupang.com
Headquarters720 Olive Way, Seattle, WA, 98101, US
Financial statement currencyUSD · no FX conversion applied
Consumer Cyclical · Specialty Retail
Price updated todayFinancials updated Oct 1, 2026

CPNG · Price history

Price at last available close

$14.28

+$0.41 (+2.96%) 1M

2026-10-30

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Company & revenue

About Coupang, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally. It operates through Product Commerce and Developing Offerings segments. The Product Commerce segment includes Korean retail and marketplace offerings; Rocket Fresh, a fresh grocery offering; and advertising products.

How they make money

Coupang operates a technology-driven commerce platform that generates revenue through direct retail sales, third-party marketplace commissions, advertising services, and subscription fees for its membership program. The company also provides restaurant delivery, video streaming, and fintech services, leveraging its end-to-end fulfillment and logistics network to connect merchants with consumers.

Products & services

E-commerce retail, restaurant delivery (Coupang Eats), video streaming (Coupang Play), fintech services (Coupang Pay), and luxury fashion marketplace (Farfetch).

Brands & revenue mix

Coupang

Core e-commerce and retail brand.

Separate brand revenue is not available in this research.Source

Coupang Eats

Restaurant delivery service.

Separate brand revenue is not available in this research.Source

Coupang Play

Video streaming service.

Separate brand revenue is not available in this research.Source

Farfetch

Luxury fashion marketplace.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

ProductUSD 26.31B76.2%

Period ended 2025-12-31Source

Third-Party Merchant ServicesUSD 7.11B20.6%

Period ended 2025-12-31Source

Service, OtherUSD 1.11B3.2%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Retail consumersSource
  • Small and medium-sized enterprises (SMEs)Source

Customer concentration

No quantified customer-concentration disclosure is available in the current saved research.

Suppliers, materials & equipment

  • Small and medium-sized enterprises (SMEs) — SMEs provide a significant portion of the products sold on the Coupang platform.Source

Strengths

  • End-to-end fulfillment and logistics networkSource
  • Direct sourcing capabilitiesSource

Risks

  • Operational risks associated with logistics and fulfillment infrastructureSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.

Quarterly EPS turned negative at -0.32 versus 0.02 a year earlier.

Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.

Quarterly net income turned from a profit to a loss versus the same quarter last year.

Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

33

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

55

Fair

Financial Strength

46

Business Quality / Moat

73

Management

60

Growth Quality

43

Risk / Durability

45

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

29

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

42/100

Building Historical Record

Model Score 42/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Recent buyback activity is present
What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for CPNG

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can CPNG maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is CPNG's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Does CPNG's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What specifically needs to improve for CPNG to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify CPNG's current valuation?
Business analysis: 18 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

33

0–100 · Poor

Opportunity Score

29

0–100 · Poor

Market Cap

$25.70B

P/E Ratio

-31.9

EPS

$-0.43

52-Week High

$32.96

52-Week Low

$13.40

Beta

1.15

Analyst Target

$24.00

Shares Outstanding

1.85B

Total Revenue

$35.46B

Total Debt

$5.63B

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$1.61

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
46/ 100
+8 pts / 5d

Neutral / mixed momentum

5D +2.7% · 20D +3.6% · RSI 37 · Price vs 20D avg -1.4%
Volatility
39/ 100
+5 pts / 5d

Normal movement

20D realized vol 41.2% · 60D 34.4% · Acceleration 1.20x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for CPNG

Detected from reported data — verify before acting.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on CPNG.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +End-to-end fulfillment and logistics network.
  • +Direct sourcing capabilities.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Specialty Retail industry.
  • −Operational risks associated with logistics and fulfillment infrastructure.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak33/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

33

Tap for breakdown →

Weak

46

Debt Cost1.9%
Debt Reduction YoY-24.4%
Debt / Equity1.00x

Tap for breakdown →

Poor

32

Revenue YoY2.7%
Revenue CAGR19.0%
Net Margin-2.2%

Tap for breakdown →

Fair

56

Asset Growth YoY15.9%
Liquidation/Share$1.61
Net Assets/MCap0.47x

Tap for breakdown →

Poor

3

Earnings Yield-3.1%
Buyback Yield0.4%
Debt Cost1.9%

Tap for breakdown →

Fair

60

ROIC13.2%
ROE-25.7%
ROA-4.4%

Tap for breakdown →

Strong

73

EPS Growth28.2%
FCF/Share Growth-49.0%
Rev/Share Growth20.9%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

Weak

46

Revenue32
Moat73
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

35

Interest Coverage5.5x
ROIC13.2%
FCF Yield2.1%

Tap for breakdown →

Poor

27

Financial35
Valuation0
Debt46

Tap for breakdown →

Weak

44

Survival Years0.7 yrs
Current Ratio1.04x
FCF Margin1.5%

Tap for breakdown →

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Score Changes

6 historical score records available

Previous Score

32

Sep 17, 2026

Change

+0.1

points

Current Score

33

Oct 1, 2026

Category Changes

Revenue+0.5
Debt0
Assets+0.6
Capital0
Management0
Moat0
Valuation0
Buffett+0.2

CPNG increased 0.1 points because overall fundamentals improved.

Projected Score

Projected Score

23

Projected Change

-9.2 points

Preliminary comparable-period financial changes suggest decline of approximately 9.2 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$14.30

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20182019202020212022202320242025$0$9.0B$18.0B$27.0B$36.0B

Additional Metrics

Operating Cash Flow

20182019202020212022202320242025-$900M$0$900M$1.8B$2.7B

Total Debt

20182019202020212022202320242025$0$1.5B$3.0B$4.5B$6.0B

Total Assets

20182019202020212022202320242025$0$4.5B$9.0B$13.5B$18.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM20252024202320222021202020192018
Revenue$35.46B$34.53B$30.27B$24.38B····················
Cost of Revenue$25.41B$24.39B$21.44B$18.19B····················
Gross Profit$10.05B$10.14B$8.83B$6.19B····················
Research & Development$0.00$0.00$0.00$0.00····················
SG&A Expenses$10.68B$9.67B$8.39B$5.72B····················
Operating Expenses$10.68B$9.67B$8.39B$5.72B····················
EBITDA$32.0M$1.20B$1.05B$907.0M····················
Operating Income-$628.0M$473.0M$436.0M$473.0M····················
Interest Expense$76.0M$86.0M$140.0M$48.0M····················
Income Before Tax-$601.0M$597.0M$473.0M$584.0M····················
Income Tax Expense$166.0M$383.0M$407.0M-$776.0M····················
Net Income-$767.0M$208.0M$154.0M$1.36B····················
Basic EPS$-0.43$0.11$0.09$0.76····················
Basic Shares1.80B1.82B1.79B1.78B····················
Diluted Shares1.80B1.85B1.83B1.80B····················
Upgrade to Premium for up to 10 annual periods, where available.
Upgrade to Premium

Earnings Summary

Estimated earnings date:Nov 3, 2026
Estimated EPS: -$0.06Estimated revenue: $9.76B
Jun 30, 2026Q2FY2026

Revenue

$8.86B

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.32

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+23.0%

Cash Change

-10.1%

Margin Change

-6.8 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Weakened

  • Margins contracted
  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 3.9%. EPS declined 1960.5%. Cash declined 10.1%. Total debt increased 23.0%. Net income margin declined by 6.8 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 122 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

50

Smart Money

50

Number of Gurus

5

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

6 historical records
Jul 23, 26Aug 12, 26Sep 3, 26Sep 5, 26Sep 17, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Debt Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Revenue Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Asset Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Capital Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Management Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Moat Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Valuation Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Buffett Score

Sep 5, 26Sep 17, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · CPNG

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.

Related Stock Research

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Highest Wall Street Score stocksBest growth stocksHow Wall Street Score worksHow to analyze a stockUnderstanding financial healthIntrinsic value guide

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