---
schema_version: "secwatch.filing_event.v1"
accession: "0001834584-25-000028"
form_type: "8-K"
ticker: "CPNG"
cik: "0001834584"
company_name: "Coupang, Inc."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:56:45.107056+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coupang Q4 revenue $8.0B (+21% YoY); adjusted EBITDA $421M; net income $156M down on prior-year tax benefit

## Summary
- Q4 net revenue $8.0B, up 21% reported and 28% FX-neutral; ex-Farfetch growth 14% reported.
- Gross profit $2.5B (+48% YoY); margin 31.3% (+570bps); ex-Farfetch & insurance gain $2.2B (+29%).
- Net income attributable to Coupang stockholders $156M down from $1,032M due to $895M tax benefit in Q4 2023.
- Adjusted EBITDA $421M (5.3% margin, +80bps YoY); Product Commerce segment EBITDA $539M (7.8% margin).
- Full-year 2024: revenue $30.3B (+24%), adj EBITDA $1.4B (4.5% margin), free cash flow $1.0B.

## SEC filing metadata
- accession: 0001834584-25-000028
- form_type: 8-K
- ticker: CPNG
- cik: 0001834584
- company_name: Coupang, Inc.
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834584/000183458425000028/0001834584-25-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834584/000183458425000028/cpng-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834584-25-000028
- JSON: https://secwatch.observer/filing/0001834584-25-000028.json
- Plain text: https://secwatch.observer/filing/0001834584-25-000028.txt

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