---
schema_version: "secwatch.filing_event.v1"
accession: "0001834584-25-000075"
form_type: "8-K"
ticker: "CPNG"
cik: "0001834584"
company_name: "Coupang, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T13:55:57.707266+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Coupang Q1 net revenue $7.9B (+11% YoY); net income $114M vs loss; authorizes $1B buyback

## Summary
- Net revenues $7.9B (+11% YoY; +21% FX-neutral); gross profit $2.3B (+20%; +31% FX-neutral).
- Operating income $154M (up $114M); net income $114M vs $(24)M loss; diluted EPS $0.06 vs $0.00.
- Product Commerce active customers 23.4M (+9%); segment EBITDA $550M (+18%; 8.0% margin).
- Developing Offerings revenue $1.0B (+67% YoY) but EBITDA loss -$168M, improving $18M.
- Board authorized a $1B stock repurchase program as part of capital allocation strategy.

## SEC filing metadata
- accession: 0001834584-25-000075
- form_type: 8-K
- ticker: CPNG
- cik: 0001834584
- company_name: Coupang, Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834584/000183458425000075/0001834584-25-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834584/000183458425000075/cpng-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834584-25-000075
- JSON: https://secwatch.observer/filing/0001834584-25-000075.json
- Plain text: https://secwatch.observer/filing/0001834584-25-000075.txt

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