Earnings miss. Coupang reported a loss of $0.01 per share for Q4 2025, missing the consensus estimate for earnings of $0.04 per share. The internet retailer’s stock surged 10.8% despite the earnings shortfall, suggesting investors focused on other metrics. The company swung from a profit of $0.05 per share in Q3 2025 to a loss this quarter, marking a sharp reversal in profitability.
Revenue growth. Revenue reached $8.84 billion, up 11% YoY. Gross profit totaled $2.54 billion on cost of revenue of $6.29 billion, yielding a gross margin of 28.8%. Operating income came in at just $8 million, translating to a razor-thin 0.1% operating margin. The company reported a net loss of $26 million for the quarter, with adjusted EBITDA of $267 million.
Cash flow remains under pressure. Operating cash flow was $82 million during the quarter, and free cash flow was a negative $278 million. The company ended the period with $6.32 billion in cash. Coupang repurchased $162 million in stock during the quarter.
This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.