Recent News
June 3: Coupang rose to No. 132 on the Fortune 500 for 2026, citing AI-driven commerce expansion. June 11: the company held its 2026 annual meeting of stockholders. June 15: Coupang launched a major mid-year fashion promotion. April 27: Coupang ran a multi-brand appliance sale through early May; Taiwan operations expanded earlier in 2026 with a fourth smart fulfillment and logistics center.
Technical Analysis
ADX & Directional Indicators: ADX at 18.63 indicates no strong directional trend; however, DI+ at 22.26 trending down while DI- at 26.33 trending up produces a bearish directional bias that weighs against the current fair valuation and supports the near-term downside outlook.
MACD: MACD at -0.14 with a declining MACD_trend and the MACD below its signal line (0.12) signals bearish momentum and argues pressure on price to remain lower until MACD begins a clear dip-and-reverse above the signal line.
MRO (Momentum/Regression Oscillator): MRO at -2.75 indicates the price sits below its regression target and therefore carries potential to move higher; the MRO_trend decreasing suggests that marginal downside persists before mean-seeking pressure can reassert itself.
RSI: RSI at 47.99 with a peak & reversal trend reflects a recent exhaustion of bullish momentum and supports a short-term bearish tilt consistent with the MACD and directional indicators.
Price vs Moving Averages & Bands: The close at $15.76 trades below the 20-day average ($17.86) and well below the 200-day average ($21.76), reinforcing shorter- and longer-term downward pressure. The close sits between the 2x and 1x lower Bollinger bands (lower 2x = $15.40; lower 1x = $16.63), indicating price compression toward the lower volatility boundary with elevated downside risk. SuperTrend upper at $17.92 acts as near-term resistance.
Volatility & Volume: 42-day beta of 1.55 and higher-than-average recent volume indicate above-market sensitivity and active repositioning by participants; that magnifies technical moves and the potential for sharper short-term swings.
Fundamental Analysis
Profitability & Margins: Operating margin stands at -2.846% and EBIT margin at -2.846%, both negative; EBIT margin QoQ change of -7.62% and operating margin QoQ change of -32.27% signal quarter-over-quarter margin contraction. EBIT of -$242,000,000 and EBITDA of -$99,000,000 confirm continuing headline losses despite positive gross profit of $2,297,000,000 and gross margin of 27.011%.
Revenue & Growth: Total revenue reached $8,504,000,000 with YoY revenue growth of 4.23% but revenue QoQ declined by 19.65%, showing recent top-line softness versus annual expansion.
Earnings & Cash Flow: Reported EPS of -$0.15 versus an estimate of -$0.09 produced an EPS surprise of -66.67%. Operating cash flow of $184,000,000 remains positive while free cash flow was negative at -$112,000,000, producing a free cash flow yield of -0.30% and free cash growth deterioration year-over-year.
Liquidity & Working Capital: Current ratio at 0.97 and quick ratio at 0.76 sit below the industry peer mean current ratio of 1.35714 and quick ratio mean of 1.10889, indicating tighter near-term liquidity relative to peers. Cash and short-term investments total $6,301,000,000, providing a liquid buffer against short-term obligations.
Leverage & Capital Structure: Total debt of $5,396,000,000 yields a debt-to-equity ratio of 1.373, above the industry peer mean of 0.15992 and representing materially higher leverage. Debt-to-assets at 31.01% also sits above the industry peer mean of 20.295% and supports caution regarding capital structure risk while operating losses persist.
Efficiency & Working Metrics: Asset turnover at 0.483 (above the industry peer mean of 0.18594) and receivables turnover of 23.82 indicate operational throughput efficiency; cash conversion cycle of -53.97 days remains a working-capital advantage versus many peers (industry peer mean ≈ -51.676 days), preserving cash flow dynamics in day-to-day operations.
Valuation Snapshot: WMDST values the stock as fair-valued. Price-to-sales sits at 4.33, price-to-book at 9.36 (above the industry peer mean book multiple), and forward P/E near 167 based on forward EPS of $0.07237, reflecting a steep premium on forward earnings expectations despite current negative GAAP earnings. Price target mean among analysts at $15.14 aligns closely with the current price, while the target range spans $9.59 to $28.89.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-05-05 |
| NEXT REPORT DATE: | 2026-08-04 |
| CASH FLOW | Begin Period Cash Flow | $ 6.4 B |
| Operating Cash Flow | $ 184.0 M | |
| Capital Expenditures | $ -296.00 M | |
| Change In Working Capital | $ -95.00 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -21.00 M | |
| End Period Cash Flow | $ 6.4 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 8.5 B | |
| Forward Revenue | $ -1.05 B | |
| COSTS | ||
| Cost Of Revenue | $ 6.2 B | |
| Depreciation | $ 143.0 M | |
| Depreciation and Amortization | $ 143.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 8.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 2.3 B | |
| EBITDA | $ -99.00 M | |
| EBIT | $ -242.00 M | |
| Operating Income | $ -242.00 M | |
| Interest Income | $ 44.0 M | |
| Interest Expense | $ 13.0 M | |
| Net Interest Income | $ 31.0 M | |
| Income Before Tax | $ -255.00 M | |
| Tax Provision | $ 11.0 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ -266.00 M | |
| Net Income From Continuing Operations | $ -266.00 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.09 | |
| EPS Actual | $ -0.15 | |
| EPS Difference | $ -0.06 | |
| EPS Surprise | -66.667 % | |
| Forward EPS | $ 0.07 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 17.4 B | |
| Intangible Assets | $ 178.0 M | |
| Net Tangible Assets | $ 3.8 B | |
| Total Current Assets | $ 9.4 B | |
| Cash and Short-Term Investments | $ 6.3 B | |
| Cash | $ 6.3 B | |
| Net Receivables | $ 351.0 M | |
| Inventory | $ 2.0 B | |
| Long-Term Investments | $ 785.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 6.0 B | |
| Short-Term Debt | $ 1.7 B | |
| Total Current Liabilities | $ 9.6 B | |
| Net Debt | — | |
| Total Debt | $ 5.4 B | |
| Total Liabilities | $ 13.5 B | |
| EQUITY | ||
| Total Equity | $ 3.9 B | |
| Retained Earnings | $ -4.29 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 2.17 | |
| Shares Outstanding | 1.809 B | |
| Revenue Per-Share | $ 4.70 | |
| VALUATION | Market Capitalization | $ 36.8 B |
| Enterprise Value | $ 35.9 B | |
| Enterprise Multiple | -362.396 | |
| Enterprise Multiple QoQ | -265.913 % | |
| Enterprise Multiple YoY | -433.919 % | |
| Enterprise Multiple IPRWA | high: 158.855 mean: 53.671 median: 42.386 low: -173.111 CPNG: -362.396 |
|
| EV/R | 4.219 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 4.427 | |
| Asset To Liability | 1.292 | |
| Debt To Capital | 0.579 | |
| Debt To Assets | 0.31 | |
| Debt To Assets QoQ | 19.015 % | |
| Debt To Assets YoY | 21.515 % | |
| Debt To Assets IPRWA | high: 1.267 CPNG: 0.31 mean: 0.203 median: 0.148 low: 0.007 |
|
| Debt To Equity | 1.373 | |
| Debt To Equity QoQ | 36.947 % | |
| Debt To Equity YoY | 47.13 % | |
| Debt To Equity IPRWA | high: 2.505 CPNG: 1.373 median: 0.266 mean: 0.16 low: -5.493 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 9.359 | |
| Price To Book QoQ | 9.018 % | |
| Price To Book YoY | -0.71 % | |
| Price To Book IPRWA | high: 23.308 CPNG: 9.359 mean: 3.488 median: 2.411 low: -16.158 |
|
| Price To Earnings (P/E) | -135.546 | |
| Price To Earnings QoQ | -93.775 % | |
| Price To Earnings YoY | -135.666 % | |
| Price To Earnings IPRWA | high: 418.294 mean: 140.496 median: 82.234 CPNG: -135.546 low: -209.766 |
|
| PE/G Ratio | -0.097 | |
| Price To Sales (P/S) | 4.325 | |
| Price To Sales QoQ | -3.717 % | |
| Price To Sales YoY | -17.003 % | |
| Price To Sales IPRWA | high: 25.482 mean: 11.433 median: 10.511 CPNG: 4.325 low: 0.014 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 167.42 | |
| Forward PE/G | 0.12 | |
| Forward P/S | -20.922 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 196.677 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.483 | |
| Asset Turnover Ratio QoQ | -0.276 % | |
| Asset Turnover Ratio YoY | -4.249 % | |
| Asset Turnover Ratio IPRWA | high: 1.242 CPNG: 0.483 mean: 0.186 median: 0.168 low: 0.02 |
|
| Receivables Turnover | 23.821 | |
| Receivables Turnover Ratio QoQ | 1.915 % | |
| Receivables Turnover Ratio YoY | 34.195 % | |
| Receivables Turnover Ratio IPRWA | high: 55.651 CPNG: 23.821 mean: 6.35 median: 2.534 low: 0.572 |
|
| Inventory Turnover | 2.892 | |
| Inventory Turnover Ratio QoQ | 9.007 % | |
| Inventory Turnover Ratio YoY | 7.249 % | |
| Inventory Turnover Ratio IPRWA | high: 5.114 CPNG: 2.892 mean: 2.34 median: 2.337 low: 0.387 |
|
| Days Sales Outstanding (DSO) | 3.831 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -53.971 | |
| Cash Conversion Cycle Days QoQ | -0.58 % | |
| Cash Conversion Cycle Days YoY | -0.245 % | |
| Cash Conversion Cycle Days IPRWA | high: 170.387 median: -35.275 mean: -51.676 CPNG: -53.971 low: -201.49 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -32.708 | |
| CapEx To Revenue | -0.035 | |
| CapEx To Depreciation | -2.07 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.5 B | |
| Net Invested Capital | $ 6.2 B | |
| Invested Capital | $ 6.2 B | |
| Net Tangible Assets | $ 3.8 B | |
| Net Working Capital | $ -260.00 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.655 | |
| Current Ratio | 0.973 | |
| Current Ratio QoQ | -6.056 % | |
| Current Ratio YoY | -16.389 % | |
| Current Ratio IPRWA | high: 4.087 mean: 1.357 median: 1.282 CPNG: 0.973 low: 0.404 |
|
| Quick Ratio | 0.761 | |
| Quick Ratio QoQ | -4.19 % | |
| Quick Ratio YoY | -15.85 % | |
| Quick Ratio IPRWA | high: 2.859 mean: 1.109 median: 1.009 CPNG: 0.761 low: 0.162 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -54.505 | |
| Cost Of Debt | 0.156 % | |
| Interest Coverage Ratio | -18.615 | |
| Interest Coverage Ratio QoQ | -883.805 % | |
| Interest Coverage Ratio YoY | -279.144 % | |
| Interest Coverage Ratio IPRWA | high: 71.167 mean: 29.02 median: 14.992 CPNG: -18.615 low: -64.882 |
|
| Operating Cash Flow Ratio | -0.023 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 88.936 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.181 % | |
| Revenue Growth | -3.746 % | |
| Revenue Growth QoQ | -19.648 % | |
| Revenue Growth YoY | 423.184 % | |
| Revenue Growth IPRWA | high: 45.635 % CPNG: -3.746 % mean: -13.444 % median: -14.556 % low: -58.271 % |
|
| Earnings Growth | 1400.0 % | |
| Earnings Growth QoQ | -1266.667 % | |
| Earnings Growth YoY | 2700.0 % | |
| Earnings Growth IPRWA | CPNG: 1400.0 % high: 261.905 % mean: -27.446 % median: -48.148 % low: -288.235 % |
|
| MARGINS | ||
| Gross Margin | 27.011 % | |
| Gross Margin QoQ | -6.196 % | |
| Gross Margin YoY | -7.771 % | |
| Gross Margin IPRWA | high: 90.485 % median: 51.816 % mean: 43.466 % CPNG: 27.011 % low: 6.99 % |
|
| EBIT Margin | -2.846 % | |
| EBIT Margin QoQ | -761.86 % | |
| EBIT Margin YoY | -194.176 % | |
| EBIT Margin IPRWA | high: 29.863 % mean: 16.84 % median: 16.37 % CPNG: -2.846 % low: -52.131 % |
|
| Return On Sales (ROS) | -2.846 % | |
| Return On Sales QoQ | -3227.473 % | |
| Return On Sales YoY | -194.176 % | |
| Return On Sales IPRWA | high: 29.747 % median: 13.14 % mean: 7.576 % CPNG: -2.846 % low: -52.131 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -112.00 M | |
| Free Cash Flow Yield | -0.304 % | |
| Free Cash Flow Yield QoQ | -56.571 % | |
| Free Cash Flow Yield YoY | -208.961 % | |
| Free Cash Flow Yield IPRWA | high: 20.559 % CPNG: -0.304 % median: -0.739 % mean: -1.757 % low: -18.917 % |
|
| Free Cash Growth | -59.712 % | |
| Free Cash Growth QoQ | -63.44 % | |
| Free Cash Growth YoY | -20.498 % | |
| Free Cash Growth IPRWA | high: 289.558 % CPNG: -59.712 % median: -221.651 % mean: -268.28 % low: -434.691 % |
|
| Free Cash To Net Income | 0.421 | |
| Cash Flow Margin | -2.646 % | |
| Cash Flow To Earnings | 0.846 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.512 % | |
| Return On Assets QoQ | 957.343 % | |
| Return On Assets YoY | -321.376 % | |
| Return On Assets IPRWA | high: 9.796 % mean: 2.123 % median: 1.979 % CPNG: -1.512 % low: -14.442 % |
|
| Return On Capital Employed (ROCE) | -3.112 % | |
| Return On Equity (ROE) | -0.068 | |
| Return On Equity QoQ | 1104.27 % | |
| Return On Equity YoY | -376.584 % | |
| Return On Equity IPRWA | high: 0.307 mean: 0.047 median: 0.03 CPNG: -0.068 low: -0.415 |
|
| DuPont ROE | -6.22 % | |
| Return On Invested Capital (ROIC) | -2.335 % | |
| Return On Invested Capital QoQ | -584.44 % | |
| Return On Invested Capital YoY | -196.567 % | |
| Return On Invested Capital IPRWA | high: 13.197 % mean: 3.736 % median: 3.098 % CPNG: -2.335 % low: -43.82 % |
|