Coupang reported Q4 2025 total net revenues of USD 8.8 billion, up 11.0%, with gross profit of USD 2.5 billion, up 2.0%, and a gross profit margin of 28.8% (down 248 bps). Operating income was USD 8 million, while net loss attributable to stockholders was USD 26 million and diluted EPS was USD (0.01). Adjusted EBITDA was USD 267 million with a 3.0% margin (down 226 bps). Coupang repurchased 5.9 million Class A shares for USD 162 million in Q4. For FY2025, total net revenues were USD 34.5 billion, up 14.0%, with gross profit of USD 10.1 billion, up 15.0%, and operating income of USD 473 million. Net income attributable to stockholders was USD 208 million and diluted EPS was USD 0.11. Operating cash flow was USD 1.8 billion and free cash flow was USD 527 million (down 48.0%); Coupang said the decline was primarily due to the impact of a Q4 data incident on working capital and higher capital expenditures. Coupang repurchased 8.8 million Class A shares for USD 243 million during 2025. In Q4, Product Commerce net revenues were USD 7.4 billion, up 8.0%, with 24.6 million active customers, up 8.0%, and segment adjusted EBITDA of USD 567 million (up USD 28 million). Developing Offerings net revenues were USD 1.4 billion, up 32.0%, and segment adjusted EBITDA was a loss of USD 300 million. Coupang also disclosed a Q4 data incident involving a former employee who illegally accessed data from over 33 million user accounts; the company said the accessed data was limited to basic contact and order information, with no financial or payment card data, no passwords, and no government-issued IDs accessed, and that impacts on growth and profitability that began in December have stabilized and are beginning to recover in Q1 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coupang Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260226656866) on February 26, 2026, and is solely responsible for the information contained therein.