Coupang Q3 2026 results hit by $248 million fire loss
+1 new source since this summary was written
Coupang reported third‑quarter 2026 revenue of about $10 billion, up 7.5% year‑over‑year on a reported basis and 11% in constant currency, beating forecasts. A July fire at its Incheon fulfillment center generated a $248 million expense, of which $95 million was allocated to cost of goods sold and $153 million to operating, general and administrative costs, driving a net loss of $501 million and adjusted earnings per share of –$0.18. The company repurchased 12.7 million Class A shares for $201 million despite negative free cash flow.
Why it matters
The fire‑related expense turned a profit in the prior year into a $501 million loss, widening the gap to analysts' expectations and pressuring the stock. Management’s continued share buybacks, funded by cash on hand, signal confidence but also raise questions about capital allocation given the negative free cash flow reported in the quarter.
Key facts
- 1Quarterly revenue was $9.96 billion, a 7.5% increase year‑over‑year on a reported basis. 247wallst.com
- 2The same revenue figure is $10.0 billion, representing 7% reported growth and 11% constant‑currency growth year‑over‑year. investing.com
- 3The fire caused a $248 million loss, split into $95 million charged to cost of sales and $153 million to operating, general and administrative expenses. 247wallst.com
- 4Net loss for the quarter was $501 million. 247wallst.com
- 5Adjusted earnings per share were –$0.18, missing consensus estimates of –$0.0055. 247wallst.com
- 6Adjusted EBITDA was $116 million, a 1.2% margin on a reported basis. investing.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.