Schedule I - Condensed Financial information of Parent (Coupang, Inc.)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Schedule I - Condensed Financial information of Parent (Coupang, Inc.)

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Statements of Operations and Comprehensive Income/(Loss)

(in millions)	2025		2024		2023
Management service fee revenues	$	6	$	20	$	18
Operating cost and expenses	(579)		(558)		(400)
Interest expense	(12)		(2)		(2)
Other income, net	64		63		84
Loss before equity in earnings of subsidiaries	(521)		(477)		(300)
Equity in earnings of subsidiaries	661		722		1,783
Income before taxes	140		245		1,483
Income tax (benefit) expense	(68)		91		123
Net income	$	208	$	154	$	1,360
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	14		(353)		(2)
Actuarial gain (loss) on defined severance benefits, net of tax	11		(34)		(18)
Total other comprehensive income (loss)	25		(387)		(20)
Comprehensive income (loss)	$	233	$	(233)	$	1,340

See accompanying notes to condensed financial statements.

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Balance Sheets

(in millions)	December 31, 2025		December 31, 2024
Assets
Cash and cash equivalents	$	709	$	1,016
Other current assets	456		66
Total current assets	1,165		1,082
Other assets	79		12
Investment in subsidiaries	3,426		3,058
Total assets	$	4,670	$	4,152
Liabilities and stockholders' equity
Other current liabilities	$	47	$	49
Stockholders' equity
Common stock	—		—
Additional paid-in capital	9,025		8,736
Accumulated other comprehensive loss	(381)		(404)
Accumulated deficit	(4,021)		(4,229)
Total stockholders' equity	4,623		4,103
Total liabilities and stockholders' equity	$	4,670	$	4,152

See accompanying notes to condensed financial statements.

COUPANG, INC.

Schedule I - Condensed Financial Information of Parent (COUPANG, INC.)

Condensed Statements of Cash Flows

(in millions)	2025		2024		2023
Operating activities
Net cash (used in) provided by operating activities	$	(65)	$	(126)	$	95
Investing activities
Capital contribution to subsidiaries	(802)		(349)		(121)
Return of capital contribution from subsidiaries	1,168		90		61
Increase of short-term loans	(393)		(95)		(25)
Decrease of short-term loans	30		—		—
Purchases of held-to-maturity securities	(33)		—		—
Proceeds from maturity of held-to-maturity securities	33		—		—
Other investing activities	(4)		—		—
Net cash used in investing activities	(1)		(354)		(85)
Financing activities
Repurchase of Class A common stock	(243)		(178)		—
Proceeds from issuance of common stock, equity-based compensation plan	5		4		9
Proceeds from short-term borrowings	425		—		—
Repayment of short-term borrowings	(425)		—		—
Other financing activities	(3)		(1)		—
Net cash (used in) provided by financing activities	(241)		(175)		9
Cash and cash equivalents
Net (decrease) increase in cash and cash equivalents	(307)		(655)		19
Cash and cash equivalents as of beginning of the period	1,016		1,671		1,652
Cash and cash equivalents as of end of the period	$	709	$	1,016	$	1,671

See accompanying notes to condensed financial statements.