Coupang(US:CPNG)2025-05-06 20:06Financial Performance - Net revenues for Q1 2025 were $7.9 billion, an increase of 11% YoY and 21% on an FX-neutral basis[7]. - Gross profit reached $2.3 billion, up 20% YoY and 31% on an FX-neutral basis, with a gross profit margin of 29.3%, improving by 217 bps YoY[7]. - Operating income was $154 million, an increase of $114 million from the previous year[7]. - Net income attributable to Coupang stockholders was $107 million, a significant increase of $102 million YoY[7]. - Net income for Q1 2025 was $114 million, a significant improvement compared to a net loss of $24 million in Q1 2024[24]. - Adjusted EBITDA for Q1 2025 was $382 million, compared to $281 million in Q1 2024, reflecting a year-over-year increase of 36%[36]. - The net income margin improved to 1.4% in Q1 2025, compared to a loss margin of (0.3)% in Q1 2024[36]. Revenue Segments - Product Commerce segment net revenues were $6.9 billion, up 6% YoY on a reported basis and 16% on an FX-neutral basis[9]. - Developing Offerings segment net revenues were $1.0 billion, up 67% YoY on a reported basis and 78% on an FX-neutral basis[9]. - Total net revenues for Q1 2025 reached $7,908 million, up from $7,114 million in Q1 2024, representing a growth of 11.1%[36]. - Net revenues per Product Commerce Active Customer decreased by 3% to $294 in Q1 2025, compared to $302 in Q1 2024[29]. Customer Metrics - Active customers in the Product Commerce segment reached 23.4 million, growing 9% YoY[7]. - Product Commerce Active Customers grew by 9% year-over-year, reaching 23.4 million in Q1 2025, up from 21.5 million in Q1 2024[29]. Cash Flow and Investments - Operating cash flow for the trailing twelve months was $2.0 billion, a decrease of $335 million YoY[7]. - Free cash flow for the trailing twelve months was $1.0 billion, down $450 million YoY[7]. - Free cash flow for Q1 2025 was $116 million, an increase from $107 million in Q1 2024[35]. - Net cash provided by operating activities for Q1 2025 was $354 million, up from $212 million in Q1 2024[24]. - Net cash provided by operating activities for the trailing twelve months was $2,028 million, down from $2,363 million in the previous year[35]. - Total purchases of property and equipment in Q1 2025 amounted to $239 million, up from $107 million in Q1 2024[35]. - Net cash used in investing activities for the trailing twelve months was $915 million, slightly down from $961 million in the previous year[35]. Balance Sheet - Total assets increased to $15,986 million as of March 31, 2025, up from $15,344 million on December 31, 2024, representing a growth of 4.2%[22]. - The company reported a total equity of $4,374 million as of March 31, 2025, an increase from $4,102 million on December 31, 2024[22]. - Long-term debt increased slightly to $1,002 million as of March 31, 2025, compared to $988 million on December 31, 2024[22]. Stock and Financing Activities - The company announced a stock repurchase program for up to $1 billion of its Class A common stock[6]. - The company reported a net cash used in financing activities of $105 million for the trailing twelve months, compared to a net cash provided of $173 million in the previous year[35].