Coupang (CPNG) Change in Inventory (2020 - 2026)

Coupang (CPNG) recorded quarterly Change in Inventory of -$128.0 million in Q1 2026, up 26.86% on a QoQ basis from -$175.0 million in Q4 2025, and down 811.11% year-over-year from $18.0 million in Q1 2025.

Coupang (CPNG) Change in Inventory (2020 - 2026) Analysis & Trends

Coupang has disclosed Change in Inventory across 7 years of filings, most recently posting -$128.0 million for Q1 2026.

  • Quarterly Change in Inventory fell 811.11% year-over-year to -$128.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $87.0 million (down 75.9% YoY) and the FY2025 annual result came in at $233.0 million, down 38.03% from the prior year.
  • Change in Inventory advanced to -$128.0 million in Q1 2026, from -$175.0 million in the prior quarter.
  • Over five years, Change in Inventory peaked at $298.0 million in Q3 2025 and troughed at -$175.0 million in Q4 2025.
  • A 5-year average of $52.5 million and a median of $71.0 million in 2024 frame the typical range for Change in Inventory.
  • Annual changes were most pronounced in 2023 — Change in Inventory surged 988.82% — and 2026, when it slumped 811.11%.
  • Tracing CPNG's Change in Inventory over 5 years: stood at $78.2 million in 2022, then sank by 154.96% to -$43.0 million in 2023, then jumped by 430.23% to $142.0 million in 2024, then tumbled by 223.24% to -$175.0 million in 2025, then rose by 26.86% to -$128.0 million in 2026.
  • Business Quant data shows CPNG's Change in Inventory at -$128.0 million in Q1 2026, -$175.0 million in Q4 2025, and $298.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn -1.62 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 88.00 Mn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn -
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn -
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn -128.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 7.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn -
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 128.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -128.00 Mn
Mar 31, 2026 -128.00 Mn
Dec 31, 2025 -175.00 Mn
Dec 31, 2025 -175.00 Mn
Sep 30, 2025 298.00 Mn
Sep 30, 2025 298.00 Mn
Jun 30, 2025 92.00 Mn
Jun 30, 2025 92.00 Mn
Mar 31, 2025 18.00 Mn
Mar 31, 2025 18.00 Mn
Dec 31, 2024 142.00 Mn
Dec 31, 2024 142.00 Mn
Sep 30, 2024 71.00 Mn
Sep 30, 2024 71.00 Mn
Jun 30, 2024 130.00 Mn
Jun 30, 2024 130.00 Mn
Mar 31, 2024 33.00 Mn
Mar 31, 2024 33.00 Mn
Dec 31, 2023 -43.00 Mn
Dec 31, 2023 -43.00 Mn