The Tip Desk

Coupang, Inc.

Company Stats

Market Cap
$24.9B
as of Sep 30, 2026
Enterprise Value
$19.3B
Shares Outstanding
1.8B
Free Float
61.8%

Income Statement

Revenue
$34.5B
Operating Income
$473.0M
Net Income
$208.0M
EBITDA
$990.0M
Revenue Growth, 3Y
18.8%
FCF Margin, 3Y Avg
4.0%
FCF Margin, Worst Year
1.5%

Cash Flow

Free Cash Flow
$522.0M
FCF Yield
2.1%
Owner FCF Yield
0.2%

Balance Sheet

Cash & Equivalents
$6.3B
Total Debt
$650.0M
Net Cash
$5.7B
EV / EBITDA
19.46x

Returns & Capital

Share Repurchases
$243.0M
Buyback Yield, 3Y Avg
0.6%
SBC, 3Y Avg
$411.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$34.5B$522.0M1.5%
FY2024$30.3B$1.0B3.3%
FY2023$24.4B$1.8B7.2%
FY2022$20.6B-$259.0M-1.3%
FY2021$18.4B-$1.1B-5.9%

Annual filing data through FY ended December 31, 2025; shares and float as of October 14, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage