Coupang (CPNG) Free Cash Flow (2020 - 2026)

Coupang (CPNG) recorded quarterly Free Cash Flow of -$112.0 million in Q1 2026, up 59.71% on a QoQ basis from -$278.0 million in Q4 2025, and down 197.39% year-over-year from $115.0 million in Q1 2025.

Coupang (CPNG) Free Cash Flow (2020 - 2026) Analysis & Trends

Coupang has disclosed Free Cash Flow across 7 years of filings, most recently posting -$112.0 million for Q1 2026.

  • Quarterly Free Cash Flow fell 197.39% year-over-year to -$112.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $295.0 million (down 70.99% YoY) and the FY2025 annual result came in at $522.0 million, down 48.16% from the prior year.
  • Free Cash Flow advanced to -$112.0 million in Q1 2026, from -$278.0 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $532.0 million in Q3 2023 and troughed at -$293.8 million in Q1 2022.
  • A 5-year average of $171.4 million and a median of $246.0 million in 2025 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2025 — Free Cash Flow soared 1054.35% — and 2026, when it slumped 197.39%.
  • Tracing CPNG's Free Cash Flow over 5 years: stood at $459.1 million in 2022, then slipped by 18.32% to $375.0 million in 2023, then increased by 23.2% to $462.0 million in 2024, then tumbled by 160.17% to -$278.0 million in 2025, then jumped by 59.71% to -$112.0 million in 2026.
  • Business Quant data shows CPNG's Free Cash Flow at -$112.0 million in Q1 2026, -$278.0 million in Q4 2025, and $439.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Amazon Com 2,551.03 Bn 2,407.94 Bn 171.21 Bn -18.17 Bn
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 1.80 Bn
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn 477.00 Mn
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn 3.45 Bn
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 898.00 Mn
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn -112.00 Mn
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn -
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn -58.00 Mn
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn 252.00 Mn
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn 70.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -112.00 Mn
Mar 31, 2026 -112.00 Mn
Dec 31, 2025 -278.00 Mn
Dec 31, 2025 -278.00 Mn
Sep 30, 2025 439.00 Mn
Sep 30, 2025 439.00 Mn
Jun 30, 2025 246.00 Mn
Jun 30, 2025 246.00 Mn
Mar 31, 2025 115.00 Mn
Mar 31, 2025 115.00 Mn
Dec 31, 2024 462.00 Mn
Dec 31, 2024 462.00 Mn
Sep 30, 2024 -46.00 Mn
Sep 30, 2024 -46.00 Mn
Jun 30, 2024 486.00 Mn
Jun 30, 2024 486.00 Mn
Mar 31, 2024 105.00 Mn
Mar 31, 2024 105.00 Mn
Dec 31, 2023 375.00 Mn
Dec 31, 2023 375.00 Mn