Coupang Inc-A 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2026or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _____ to _____Commission File No. 001-40115 COUPANG, INC.(Exact name of Registrant as specified in its charter) Delaware 27-2810505 (I.R.S. EmployerIdentification Number) 720 Olive Way, Suite 600Seattle, Washington 98101(206) 333-3839 Securities registered pursuant to Section 12(b) of the Act: CPNG Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of April30, 2026, there were 1,637,261,211 shares of the registrant’s Class A common stock and 157,802,990 shares of the registrant’s Class Bcommon stock, each with a par value of $0.0001 per share, outstanding. COUPANG, INC.Form 10-QFor the Quarterly Period Ended March31, 2026TABLE OF CONTENTS Item 1.Financial Statements (Unaudited)4Condensed Consolidated Statements of Operations4Condensed Consolidated Statements of Comprehensive Income (Loss)5Condensed Consolidated Balance Sheets6Condensed Consolidated Statements of Redeemable Noncontrolling Interests and Equity7Condensed Consolidated Statements of Cash Flows8Notes to Condensed Consolidated Financial Statements9Note 1. Basis of Presentation and Summary of Significant Accounting Policies9Note 2. Net Revenues9Note 3. Segment Reporting10Note 4. Defined Severance Benefits12Note 5. Income Taxes12Note 6. Earnings per Share12Note 7. Fair Value Measurement13Note 8. Supplemental Financial Information13Note 9. Short-term Borrowings and Long-term Debt14Note 10. Commitments and Contingencies14Glossary18Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk31Item 4.Controls and Procedures32 PART II. OTHER INFORMATION Item 1.Legal Proceedings33Item 1A.Risk Factors33Item 2.Unregistered Sales of Equity Securities and Use of Proceeds33Item 3.Defaults Upon Senior Securities33Item 4.Mine Safety Disclosures33Item 5.Other Information33Item 6.Exhibits35Signatures36 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Form 10-Q contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, aboutus and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained inthis Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy and plans, andobjectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-lookingstatements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,”“may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “toward,” “goal,” “objective,” “seek,” “strategy,” “future,” “opportunity,”“runway,” “trajectory,” “restore,” “will,” or “would,” or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following: •our expectations regarding, and potential fluctuations in, our future operating and financial performance including our ability tomaintain profitability and achieve long-term and future profitability;•our ability to successfully execute our business and growth strategy;•the continued growth of the retail market, changes in consumer preferences and spending patterns, and the increasedacceptance of online and