Coupang, Inc. balance sheet

At the end of fiscal 2025, Coupang, Inc. had total assets of $17.79bn, total liabilities of $13.16bn and shareholders' equity of $4.62bn. It held $6.32bn in cash against $1.61bn of debt: net cash of $4.71bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Coupang, Inc.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	1.4	1.3	3.5	3.5	5.2	5.9	6.3	6.1
Receivables	—	0.0	0.1	0.1	0.3	0.4	0.4	0.4
Inventory	—	1.2	1.4	1.7	1.7	2.1	2.3	2.1
Total current assets	—	2.8	5.6	5.8	7.9	9.0	9.7	9.3
Goodwill	—	0.0	0.0	—	—	—	—	—
Total assets	—	5.1	8.6	9.5	13.3	15.3	17.8	17.4
Accounts payable	—	2.9	3.4	3.6	5.1	5.6	6.3	6.3
Deferred revenue (current)	—	0.1	0.1	0.1	0.1	0.1	0.2	0.2
Total current liabilities	—	3.7	4.7	5.1	6.9	7.7	9.4	10.6
Short-term debt	—	0.1	0.3	0.1	0.2	0.1	0.0	2.0
Long-term debt	—	0.4	0.3	0.5	0.5	1.0	0.6	0.6
Total debt	0.0	0.8	0.6	0.8	1.0	1.5	1.6	2.6
Total liabilities	—	5.7	6.5	7.1	9.2	11.2	13.2	14.4
Shareholders' equity	−3.5	−4.1	2.2	2.4	4.1	4.1	4.6	3.0
Non-controlling interests and other (assets − liabilities − equity)	—	3.5	—	—	—	—	—	—
Net debt (negative = net cash)	−1.4	−0.4	−2.9	−2.7	−4.2	−4.3	−4.7	−3.5

US$ billions unless shown otherwise. Fiscal quarters.

Coupang, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	0.5	0.4	0.5	0.5	0.4	0.4	0.4	0.4
Inventory	2.2	2.1	2.0	2.3	2.5	2.3	2.0	2.1
Total current assets	9.2	9.0	9.2	10.2	10.8	9.7	9.4	9.3
Total assets	16.3	15.3	16.0	17.8	18.7	17.8	17.4	17.4
Accounts payable	5.9	5.6	5.7	6.5	6.8	6.3	6.0	6.3
Deferred revenue (current)	0.2	0.1	0.2	0.2	0.2	0.2	0.2	0.2
Total current liabilities	8.2	7.7	7.9	9.4	10.2	9.4	9.6	10.6
Short-term debt	0.0	0.1	0.0	0.2	0.0	0.0	1.7	2.0
Long-term debt	—	1.0	—	—	—	0.6	0.6	0.6
Total debt	0.0	1.1	0.0	0.2	0.0	0.6	2.3	2.6
Total liabilities	12.1	11.2	11.6	13.1	13.9	13.2	13.5	14.4
Shareholders' equity	4.2	4.1	4.4	4.7	4.7	4.6	3.9	3.0

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Coupang, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Coupang, Inc.