Coupang, Inc.
For the period ended Sep 30, 2025. Filed Nov 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 4, 2025
CPNG$16.42+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Table of Contents
CONDENSED CONSOLIDATED BALANCE SHEETS
| (in millions) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $7,229 | $5,879 |
| Restricted cash | 95 | 151 |
| Accounts receivable, net | 393 | 407 |
| Inventories | 2,487 | 2,099 |
| Prepaids and other current assets | 602 | 458 |
| Total current assets | 10,806 | 8,994 |
| Property and equipment, net | 3,506 | 2,813 |
| Operating lease right-of-use assets | 2,717 | 2,016 |
| Intangible assets, net | 201 | 271 |
| Deferred tax assets | 655 | 622 |
| Long-term lease deposits and other | 783 | 628 |
| Total assets | $18,668 | $15,344 |
| Liabilities, redeemable noncontrolling interests, and equity | ||
| Accounts payable | $6,795 | $5,554 |
| Accrued expenses | 467 | 461 |
| Deferred revenue | 210 | 141 |
| Short-term borrowings | 1,371 | 479 |
| Current portion of long-term debt | — | 66 |
| Current portion of long-term operating lease obligations | 519 | 422 |
| Other current liabilities | 831 | 593 |
| Total current liabilities | 10,193 | 7,716 |
| Long-term debt | 618 | 988 |
| Long-term operating lease obligations | 2,441 | 1,770 |
| Defined severance benefits and other | 675 | 693 |
| Total liabilities | 13,927 | 11,167 |
| Commitments and contingencies (Note 10) | ||
| Redeemable noncontrolling interests (Note 11) | — | 75 |
| Equity | ||
| Common stock | — | — |
| Class A — shares authorized 10,000, outstanding 1,665 and 1,643Class B — shares authorized 250, outstanding 158 and 158 | ||
| Additional paid-in capital | 9,063 | 8,736 |
| Accumulated other comprehensive loss | (327) | (404) |
| Accumulated deficit | (3,995) | (4,229) |
| Noncontrolling interests | — | (1) |
| Total equity | 4,741 | 4,102 |
| Total liabilities, redeemable noncontrolling interests, and equity | $18,668 | $15,344 |
| Coupang, Inc. | Q3 2025 Form 10-Q | 6 |
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