secwatch.observer — SEC 8-K summary
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Issuer:     Coupang, Inc. (CPNG)
CIK:        0001834584
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001834584-25-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834584/000183458425000028/0001834584-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834584/000183458425000028/cpng-20250225.htm
  HTML page:      https://secwatch.observer/filing/0001834584-25-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer