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CPNG Current Contract Liabilities

Current Contract Liabilities

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As of Q4'25, Coupang's current contract liabilities stand at USD 188M, reflecting a significant increase compared to the same period in the previous year. This latest data point highlights continued growth in deferred revenue obligations, suggesting robust forward sales activity. From Q1'23 to Q4'25, the chart demonstrates a clear upward trend in current contract liabilities, with values rising from USD 93M in Q1'23 to USD 210M at the peak in Q3'25. Notable inflection points include a sharp jump between Q4'23 (USD 97M) and Q1'24 (USD 135M), followed by steady increases throughout 2024 and 2025. The data indicates sustained expansion in customer prepayments or unfulfilled performance obligations over the observed period.