Coupang, Inc. (CPNG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 5.92% of current shares
Recent Dilution: 12.39% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
1.6B
Potential Supply
97M
Additional shares possible
Splits
None
Past 2 years

Summary

CPNG currently has 1.64B outstanding shares. with limited dilution risk as only 97M additional shares (5.9%) are authorized for issuance. The company has diluted shareholders by 12.39% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 1637.3M shares outstanding

1.6B 97M
Nov 04, 2025

10-Q filing | 1823.0M shares outstanding

1.8B 97M
Aug 05, 2025

10-Q filing | 1817.0M shares outstanding

1.8B 97M
May 06, 2025

10-Q filing | 1806.0M shares outstanding

1.8B 97M
Apr 08, 2025

8-K filing: Coupang, Inc. issued 5,465,099 shares of Class A Common Stock to Greenoaks Capital Partners, LLC at a price per share equal to the volume weighted average price of Class A Common Stock for the 30-trading day period ending as of the close of markets on April 4, 2025, as part of a transaction related to the acquisition of Surpique LP's equity interest, with an aggregate purchase price of $140,096,101, including a $14,096,101 cash payment. ($126.0M proceeds)

1.8B 97M
Feb 25, 2025

10-K filing | 1794.0M shares outstanding

1.8B 97M
Nov 06, 2024

10-Q filing | 1624.1M shares outstanding

1.6B 97M
Aug 06, 2024

10-Q filing | 1618.9M shares outstanding

1.6B 97M
May 08, 2024

10-Q filing | 1613.2M shares outstanding

1.6B 97M
Apr 05, 2024

8-K filing: Coupang, Inc. repurchased 10,000,000 shares of its Class A Common Stock from Maverick Holdings C, L.P. for $17.79 per share, totaling $177,900,000, in a privately negotiated transaction consummated on April 3, 2024. ($177.9M proceeds)

1.6B 97M
Feb 28, 2024

10-K filing | 1618.5M shares outstanding

1.6B 97M
Nov 08, 2023

10-Q filing | 1613.0M shares outstanding

1.6B 97M
Aug 09, 2023

10-Q filing | 1608.9M shares outstanding

1.6B 97M
May 10, 2023

10-Q filing | 1604.1M shares outstanding

1.6B 97M
Mar 01, 2023

10-K filing | 1599.4M shares outstanding

1.6B 97M
Nov 10, 2022

10-Q filing | 1595.5M shares outstanding

1.6B 97M
Aug 11, 2022

10-Q filing | 1591.9M shares outstanding

1.6B 97M
May 12, 2022

10-Q filing | 1587.6M shares outstanding

1.6B 97M
Mar 03, 2022

10-K filing | 1423.9M shares outstanding

1.4B 97M
Nov 12, 2021

10-Q filing | 1576.6M shares outstanding

1.6B 97M
Aug 16, 2021

10-Q filing | 1560.8M shares outstanding

1.6B 97M
May 13, 2021

10-Q filing | 1557.8M shares outstanding

1.6B 97M
Mar 09, 2021

S-1/A filing: This S-1/A filing describes an initial public offering of Class A common stock with a proposed offering amount of approximately $3.2 billion, based on an initial public offering price of $33.00 per share. It also details the shares outstanding and the intended use of proceeds.

1.3B 97M
Mar 01, 2021

S-1/A filing: This S-1/A filing relates to an initial public offering of Class A common stock with an estimated net proceeds of approximately $2.8 billion, and the automatic conversion of convertible notes into Class A common stock.

1.4B 270M
Feb 12, 2021

S-1 filing: This S-1 filing relates to an initial public offering of Class A common stock. The company intends to use the net proceeds for general corporate purposes, including working capital, operating expenses, and capital expenditures.

1.3B 0
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