Coupang annual net debt
2020
2021
2022
2023
2024
2025
Coupang Net Debt Growth & History (CPNG)
Coupang's net debt was −$1.68B for fiscal 2025.
View full Coupang company overviewCoupang annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$1.68B | $537.0M | — |
| 2024 | 2024-12-31 | −$2.22B | $439.0M | — |
| 2023 | 2023-12-31 | −$2.66B | −$1.42B | — |
| 2022 | 2022-12-31 | −$1.24B | $413.7M | — |
| 2021 | 2021-12-31 | −$1.65B | −$2.28B | — |
| 2020 | 2020-12-31 | $629.3M | — | — |
Coupang quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$477.0M | $2.59B | — |
| Q1 2026 | 2026-03-31 | −$905.0M | $2.13B | — |
| Q4 2025 | 2025-12-31 | −$1.68B | $537.0M | — |
| Q3 2025 | 2025-09-30 | −$2.90B | $97.0M | — |
| Q2 2025 | 2025-06-30 | −$3.07B | −$199.0M | — |
| Q1 2025 | 2025-03-31 | −$3.04B | −$364.0M | — |
| Q4 2024 | 2024-12-31 | −$2.22B | $439.0M | — |
| Q3 2024 | 2024-09-30 | −$3.00B | −$925.3M | — |
| Q2 2024 | 2024-06-30 | −$2.87B | −$1.12B | — |
| Q1 2024 | 2024-03-31 | −$2.67B | −$1.27B | — |
| Q4 2023 | 2023-12-31 | −$2.66B | −$1.42B | — |
| Q3 2023 | 2023-09-30 | −$2.07B | −$1.31B | — |
| Q2 2023 | 2023-06-30 | −$1.75B | −$856.6M | — |
| Q1 2023 | 2023-03-31 | −$1.40B | −$245.0M | — |
| Q4 2022 | 2022-12-31 | −$1.24B | $413.7M | — |
| Q3 2022 | 2022-09-30 | −$762.1M | $1.25B | — |
| Q2 2022 | 2022-06-30 | −$893.5M | $1.43B | — |
| Q1 2022 | 2022-03-31 | −$1.15B | $1.66B | — |
| Q4 2021 | 2021-12-31 | −$1.65B | −$2.28B | — |
| Q3 2021 | 2021-09-30 | −$2.01B | — | — |
| Q2 2021 | 2021-06-30 | −$2.32B | — | — |
| Q1 2021 | 2021-03-31 | −$2.81B | — | — |
| Q4 2020 | 2020-12-31 | $629.3M | — | — |
Coupang net debt trends
Over the last five fiscal years, Coupang's net debt decreased from $629.3M to −$1.68B, a change of −$2.31B. The latest reported quarter, Q2 2026, shows −$477.0M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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