NYSE$CPNG

Coupang Inc. · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Coupang reported Q4 2025 revenue of $8.8B with a net loss attributable to stockholders of $(26)M.

Q4 2025 revenue was $8.8 billion with net loss attributable to stockholders of $(26) million and diluted EPS of $(0.01). Product commerce and developing offerings continued scaling in Korea and Taiwan with logistics investments.

  • Revenue $8.8B in Q4.
  • Net loss to stockholders $(26)M; EPS $(0.01).
  • E-commerce volume and Rocket delivery growth.
  • Developing offerings investment ongoing.

Headline financials

Total Revenue

$8.8B

Previous: $8B+10.0%
EPS (adj)

-$0.01

Previous: $0.04-125.0%
Active Customers

24.6M

Previous: 22.8M+7.9%
Net Revenue per Active Customer

$301.00

Previous: $302.00-0.3%
Gross Profit Margin

28.8%

Previous: 31.3%-8.0%
Adjusted EBITDA

$267M

Previous: $421M-36.6%
Adjusted EBITDA Margin

3.0%

Previous: 5.3%-43.4%
Net Income

-$26M

Previous: $131M-119.8%
Operating Income

$8M

Previous: $312M-97.4%
Gross Profit

$2.54B

Previous: $2.49B+2.1%

Revenue & EPS history

Coupang · Revenue · Quarterly

$8.8B

Q4 2025+10%vs Q4 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Coupang · $6.18B total across 2 segments · Q3 2023

  • Product Commerce
    $5.97B+20.6%
  • Developing Offerings
    $218M+41.1%

Forward guidance

Long-term focus on market share, logistics density, and developing offerings profitability.

Tailwinds

  • Massive scale in Korean e-commerce.
  • Near breakeven at consolidated level.

Headwinds

  • Heavy logistics capex.
  • Competition and margin pressure in retail media.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.5%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-4.0%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+14.0%

Q3 2022

Best reaction

-17.0%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-16.2%-18.4%
Q4 2025+2.1%+2.1%-3.3%
Q3 2025-5.9%-10.0%-15.6%
Q1 2025+10.8%+8.9%+18.5%
Q4 2024+3.5%-1.5%-7.5%
Q3 2024-6.6%-6.0%-6.5%
Q2 2024+4.2%+11.0%+14.6%
Q1 2024-8.1%-3.6%-6.2%
Q4 2023+11.3%+15.6%+8.5%
Q3 2023-7.9%-8.3%-8.0%
Q2 2023+7.2%+7.3%+2.9%
Q1 2023-6.6%-9.7%-9.9%
Q4 2022-3.6%-4.2%+3.2%
Q3 2022+14.0%+3.3%+3.5%
Q2 2022-1.5%-4.6%-4.5%
Q1 2022+8.3%+19.4%+8.7%
Q4 2019-17.0%-19.2%-27.7%
Q4 2021+0.0%-22.5%-27.8%
Q3 2020-3.6%-2.9%-8.3%
Q3 2021-3.6%-2.9%-8.3%
Q2 2020-0.7%-7.6%-13.2%
Q2 2021-7.0%-9.5%-18.3%
Q1 2020+3.1%+5.4%+9.3%
Q4 2020+3.1%+5.4%+9.3%
Q1 2021-11.6%-3.0%+6.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro