As of Q4'25, Coupang's latest profit margin data shows a Gross Margin of 135.99%, an Operating Margin of -0.05%, and a Net Profit Margin of 0.15%. This marks a significant spike in Gross Margin compared to previous quarters, while Operating and Net Profit Margins remain close to breakeven. From Q1'23 to Q4'25, the Gross Margin generally trended upward, with a dramatic surge in Q4'25. Operating Margin and Net Profit Margin, however, have exhibited volatility, with periods of modest profitability interspersed with slight losses, particularly in Q2'24 and Q4'25. The sharp increase in Gross Margin in the last quarter stands out as an anomaly, suggesting either a one-time event or a substantial change in the company's cost structure, while the relatively flat Operating and Net Profit Margins indicate ongoing challenges in translating gross profit gains into bottom-line improvements.