On this page of StockholderLetter.com we present the latest annual shareholder letter from Coupang, Inc. — ticker symbol CPNG. Reading current and past CPNG letters to shareholders can bring important insights into the investment thesis.
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 • shareholder letter icon 4/28/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/28/2023 CPNG Stockholder Letter
 • stockholder letter icon 4/26/2024 CPNG Stockholder Letter
 • stockholder letter icon More "Specialty Retail" Category Stockholder Letters
 • Benford's Law Stocks icon CPNG Benford's Law Stock Score = 67


CPNG Shareholder/Stockholder Letter Transcript:

012345  738347
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             5 9        

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01234567  9  474   5     767   51      6  7  7      4   7463 1   5 7   7 6567 716   656   7  3 72  5   74  7   515  3       3147163 7 95 72  4   71 563 1  
 7473 72  9  51      67   7 3 6 516    7 74 63 7     347    2  31   67   7 7 516   74  7    7 3 2       516  6       ! " !#9$  %
01234567  9  5  474   5     767   67   7 3 6 516  3   5   7    4   51  #5   27 3172  31  &  7  ! 9        67  ' 451 7  (46$  )7   %  *   +
, 7  5   7 567   5 76   5  7      67    631   512  1 1   631   4   1  7  36  7 2  9  1 1 5  3 3567       67   7 3 6 516-  5       67   5 6  9  317    25      67  
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5    7   672   1  67  *7   )    16 4  ' 451 7$   5   5     3567   2 3   93  3 1  1  7              7       63   23 4     7-  67   7 3 6 516  5   5    72  
656  5      6 651231    5 7       67   7 3 6 516    4   1   6 4  5 7  7 2  9  1 1 5  3 3567 -  7 47 6        5 7       4   1   6 4  7 2  9  754      67  
 7 3 6 516    7 74 63 7     347  -  23 746   -  512  ! 4        7567    6 4   27    5     4   7   1    5  97  277 72  6   97  5  3 3567   , 3   5     63 1      2  
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5  3 3567       67   7 3 6 516-      656  67 7  5 7  1 6   67    7   1         5  97  277 72  6   97  5  3 3567       67   7 3 6 516
(       579  5     -     3-  67 7   7 7  !-6 7-60 -3!0   5 7       67   7 3 6 516    . 5    (  4   1   6 4  512  !37-0  -88    5 7       67   7 3 6 516    
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:;<=>?@AB  D@<;EF;EGA?:  HI  E?J?E?@
shareholder letter icon 4/28/2025 Letter Continued (Full PDF)
 

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