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酷澎Coupang(CPNG)2025财年10-K年度报告「NYSE」(英文版)(155页).pdf

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1、UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549FORM 10-K(Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended:December 31,2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 193

2、4For the transition period from to.Commission File No.001-40115COUPANG,INC.(Exact name of registrant as specified in its charter)Delaware27-2810505(State or other jurisdiction ofincorporation or organization)(I.R.S.EmployerIdentification Number)720 Olive Way,Suite 600Seattle,Washington 98101(206)333

3、-3839(Address,including zip code,and telephone number,including area code,of registrants principal executive offices)Securities registered pursuant to Section 12(b)of the Act:Class A Common Stock,par value$0.0001 per shareCPNGNew York Stock Exchange(Title of each class)(Trading Symbol)(Name of each

4、exchange on which registered)Securities registered pursuant to Section 12(g)of the Act:NoneIndicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to

5、 Section 13 or Section 15(d)of the Act Yes No Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12months(or for such shorter period that the registrant was required to file such

6、 reports),and(2)has been subject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(232.405 ofthis chapter)during the preceding

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1. **公司概况**:Coupang是纽交所上市的科技与财富150强企业,业务涵盖零售、餐饮配送、视频流媒体及金融科技服务,品牌包括Coupang、Eats、Play等,服务超190个国家/地区。 2. **业务 segments**:分为产品电商(Product Commerce)和新兴业务(Developing Offerings)两大板块。 3. **核心数据**:截至2025年12月31日,直接雇员约10.8万人(多数在韩国);2025年6月30日,非关联股东持股市值约336亿美元;截至2026年2月19日,Class A股16.7亿股,Class B股1.58亿股。 4. **风险与挑战**: - 2025年11月发生数据泄露事件,3300万客户信息遭前员工非法获取,公司面临政府调查、诉讼及12亿美元客户补偿计划。 - 历史净亏损(2021年亏损15亿美元,2022年亏损1亿美元),2025年累计赤字40亿美元,未来盈利能力存疑。 - 业务季节性波动、激烈竞争、网络安全及合规风险显著。
**Coupang风险?** **数据泄露影响?** **盈利前景如何?**
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