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Coupang, Inc.
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NYSE: CPNG Consumer Discretionary Consumer 🔎 Screen
$29.9B
Market Cap
214.5
P/E
0.29
PEG
6.9%
ROCE
4.9%
ROE
0.88
D/E
1.4%
OPM
-50.7%
% from 52W High
18
α RS
🔍 CPNG is showing a notable setup because it matches 2 of 37 tracked screener presets and it's hugging the 21 EMA. Net: Partial signal stack, not a recommendation. ? Conviction Technicals
Sources
Conviction 2/37 · hugging 21 EMA
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🌏 Global Investor Returns
Currency-adjusted total returns for CPNG including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
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About

Coupang, Inc., together with its subsidiaries, owns and operates retail business through its mobile applications and internet websites in South Korea and internationally.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding CPNG
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Manager Shares Value % of Fund Period
Tiger Global Management Tiger Global Management LLC 34.60M $653.2M 2.86% Mar 2026
Steve Cohen Point72 Asset Management 7.79M $147.2M 0.19% Mar 2026
Stan Druckenmiller Duquesne Family Office 2.67M $50.4M 1.49% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Confident Specific ~ Volatile 5 quarters Full tone analysis in Intelligence →
Mixed quarter Investor Presentation One-Pager? Q2 2026
Revenue
$8.9B
+4% YoY reported / +10% cc
Operating Income
-$556M
down $705M YoY vs $149M income prior year
Net Income
-$570M
down $602M YoY; adjusted -$160M ex-fines
Adjusted EBITDA
$163M
1.8% margin; down ~320 bps YoY
What Went Right
  • Consolidated constant-currency revenue growth accelerated to 10%, with Product Commerce improving from 5% cc in Q1 to 8% cc in Q2.
  • WOW memberships now exceed pre-incident levels, and spend from the ongoing customer base grew ~16% YoY.
  • Developing Offerings losses narrowed $110M sequentially and gross margin expanded, while Taiwan launched dawn delivery in one year vs four years in Korea.
What to Watch
  • Q2 absorbed $410M of Korean regulatory fines, recorded in OG&A and under appeal.
  • Q3 EBITDA margin is guided to contract 300-400 bps YoY due to Chuseok timing, weather-related seasonality, and lingering supply-chain/capacity headwinds.
  • A July fulfillment-centre fire exposed ~$246M of owned inventory, fixed assets and seller obligations; impact and insurance recoveries are still being assessed.
Management Guidance
  • Q3 2026 consolidated constant-currency revenue growth expected at 8%-9%.
  • Q3 2026 consolidated adjusted EBITDA margin expected to contract 300-400 bps YoY.
  • Product Commerce adjusted EBITDA margin expected to return to pre-incident levels by mid-2027; detailed 2027 margin guidance to come later this year.
  • Full-year 2026 Developing Offerings adjusted EBITDA losses guided at $950M-$1B.
Investor Lens
Revenue and customer momentum are broadly in line, but near-term profitability remains pressured by the data-incident hangover, $410M fines, elevated marketing, and fixed-cost drag. Management argues these are temporary and mechanical, citing 16% underlying spend growth, record WOW memberships, and a return to pre-incident Product Commerce margins by mid-2027. Taiwan and Eats also support the long-term compounding model. Until the reported numbers clear the lapping hurdle and fire/fine costs are quantified, the thesis is credible but still a show-me story.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED 10% cc revenue growth; 1.8% EBITDA margin, pressured by $410M fines
Revenue
Consolidated revenue rose 4% reported / 10% constant currency to $8.9B in Q2. Product Commerce grew 8% cc to $7.4B, while Developing Offerings grew 24% cc to $1.4B.
Profitability
Net loss attributable to stockholders was $570M, or an adjusted loss of $160M excluding the $410M fines. Diluted EPS was -$0.32, or -$0.09 adjusted, versus EPS of $0.02 in the prior-year quarter.
Margins
Consolidated gross margin was 28.2%, down 188 bps YoY but up 115 bps sequentially. Product Commerce gross margin was 30.5%, down ~210 bps YoY, and segment adjusted EBITDA margin was 5.1%, down 390 bps YoY. Consolidated adjusted EBITDA was $163M, a 1.8% margin, down ~320 bps YoY.
Balance Sheet
Cash and debt balances were not disclosed. Trailing-twelve-month operating cash flow was $1.4B and free cash flow was $105M; Q2 share repurchases totaled 23.2M shares for $459M.
Key Risks
Key risks flagged were the $410M Korean regulatory fines, the July fulfillment-centre fire with ~$246M of asset/seller-inventory exposure, Korean won weakness distorting reported growth, and the cohort of customers that left after the data incident and has not returned.
Outlook
Q3 constant-currency revenue growth is guided at 8%-9%, with adjusted EBITDA margin contraction of 300-400 bps YoY. Management expects Product Commerce margins to recover to pre-incident levels by mid-2027 and keeps full-year Developing Offerings EBITDA losses at $950M-$1B.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Revenue grew 10% year-over-year in constant currency, with strong customer spend growth and record WOW membership. Margins contracted due to temporary supply chain and marketing headwinds, but are expected to recover to pre-incident levels by mid-2027. Share repurchases and investments in AI and Taiwan continue.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw sequential recovery from a data incident, with revenue up 8% and customer engagement rebounding. Margins were pressured by one-time vouchers and underutilized capacity, but long-term growth and margin expansion drivers remain intact.
Q4 2025 Q4 2025 2026-02-26
Q4 2025 saw 11% revenue growth despite a major data breach, with Product Commerce and Developing Offerings both expanding. The company issued $1.2B in customer compensation, expects near-term muted growth, and maintains a strong cash position.
Q3 2025 Q3 2025 2025-11-04
Consolidated revenues grew 18% year-over-year to $9.3B, with strong margin expansion and robust cash flow. Product commerce led gains, while Taiwan operations accelerated, driving higher investments. Annual margin expansion and 20% constant-currency growth are expected.
Q2 2025 Q2 2025 2025-08-05
Revenue grew 16% year-over-year to $8.5B, with margin expansion and strong growth in Product Commerce and Developing Offerings, especially Taiwan. Adjusted EBITDA rose 30% to $428M, while investments in Taiwan drive higher Developing Offerings losses.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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