---
schema_version: "secwatch.filing_event.v1"
accession: "0001834584-23-000039"
form_type: "8-K"
ticker: "CPNG"
cik: "0001834584"
company_name: "Coupang, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:53:56.943252+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coupang Q1 net revenues $5.8B (+20% FX-neutral); net income $91M, positive free cash flow $451M TTM

## Summary
- Net revenues $5.8B, up 13% reported / 20% FX-neutral YoY; net income $91M vs -$209M prior year.
- Record gross profit $1.4B, margin 24.5% (improved >400 bps YoY). Adjusted EBITDA $241M (margin 4.2%).
- Positive free cash flow $451M for trailing twelve months; operating cash flow $1.1B TTM.
- Active customers 19M+, up 5% YoY and QoQ. Developing Offerings segment EBITDA -$47M (improved $46M YoY).
- CEO cites opportunity in offline retail; Rocket Growth units sold up ~90% YoY.

## SEC filing metadata
- accession: 0001834584-23-000039
- form_type: 8-K
- ticker: CPNG
- cik: 0001834584
- company_name: Coupang, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834584/000183458423000039/0001834584-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834584/000183458423000039/cpng-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834584-23-000039
- JSON: https://secwatch.observer/filing/0001834584-23-000039.json
- Plain text: https://secwatch.observer/filing/0001834584-23-000039.txt

## Key facts
- Earnings Releases
  Coupang, Inc. reported the first quarter ended March 31, 2023 results: revenue $5.8 billion, net income $91 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $5.8 billion
  - Net income: $91 million
  - Result: reported results
  source text: Act, except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Coupang Announces Results for First Quarter 2023 Net Revenues of $5.8 billion, up 20% YoY on an FX-neutral basis Record Gross Profit of $1.4 billion, up 36% YoY Net Income of $91 million, an increase of $300 million YoY Positive Free Cash Flow of $451
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834584/000183458423000039/0001834584-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.