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Coupang (CPNG) Reports Loss for Q4 FY25, Misses Estimates; Revenue at $8.84B

Loss Per Share (adj.)
$0.01
vs EPS of $0.04 est. (-122.2%)
Revenue
$8.8B
vs $8.8B est.

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.

What to Watch: The path back to profitability hinges on operating leverage—whether revenue growth can outpace the infrastructure investments that pushed the company into a loss this quarter. Monitor Q1 2026 guidance for signs management can return to positive earnings while maintaining market share in South Korea’s competitive e-commerce landscape.

This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.

Tags: CPNG
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