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| Date | Value |
|---|---|
| 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 |