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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.86B | $8.50B | $8.84B | $9.27B | $8.52B | $7.91B | $7.97B | $7.87B |
| Cost of revenue | $6.36B | $6.21B | $6.29B | $6.55B | $5.96B | $5.59B | $5.47B | $5.60B |
| Gross profit | $2.49B | $2.30B | $2.54B | $2.72B | $2.56B | $2.32B | $2.49B | $2.27B |
| Gross margin | 28.2% | 27.0% | 28.8% | 29.4% | 30.0% | 29.3% | 31.3% | 28.8% |
| Selling, general and administrative | $3.05B | $2.54B | $2.54B | $2.56B | $2.41B | $2.16B | $2.18B | $2.16B |
| Operating expenses | $3.05B | $2.54B | $2.54B | $2.56B | $2.41B | $2.16B | $2.18B | $2.16B |
| Operating income | −$556.00M | −$242.00M | $8.00M | $162.00M | $149.00M | $154.00M | $312.00M | $109.00M |
| Operating margin | -6.3% | -2.8% | 0.1% | 1.7% | 1.7% | 1.9% | 3.9% | 1.4% |
| EBITDA | −$411.00M | −$99.00M | $144.00M | $295.00M | $275.00M | $276.00M | $432.00M | $221.00M |
| Interest income | $42.00M | $44.00M | $47.00M | $52.00M | $51.00M | $49.00M | $53.00M | $55.00M |
| Interest expense | −$25.00M | −$13.00M | −$16.00M | −$22.00M | −$25.00M | −$23.00M | −$40.00M | −$36.00M |
| Income before taxes | −$533.00M | −$255.00M | $22.00M | $165.00M | $194.00M | $216.00M | $279.00M | $132.00M |
| Income taxes | $37.00M | $11.00M | $48.00M | $70.00M | $163.00M | $102.00M | $148.00M | $68.00M |
| Net income | −$570.00M | −$266.00M | −$26.00M | $95.00M | $31.00M | $114.00M | $131.00M | $64.00M |
| Net margin | -6.4% | -3.1% | -0.3% | 1.0% | 0.4% | 1.4% | 1.6% | 0.8% |
| EPS, basic | −$0.32 | −$0.15 | −$0.01 | $0.05 | $0.02 | $0.06 | $0.09 | $0.04 |
| EPS, diluted | −$0.32 | −$0.15 | −$0.01 | $0.05 | $0.02 | $0.06 | $0.08 | $0.04 |
| Diluted shares | 1.80B | 1.83B | 1.86B | 1.86B | 1.86B | 1.84B | 1.87B | 1.83B |
Figures describe Coupang shares, not any token. As of Aug 4, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.