CPNG — what changed in the latest 10-Q
A section-by-section comparison of CPNG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-03 vs the prior 10-Q · 2026-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −6 | ~25 | 54 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +1 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-03
The lease for the facility commenced in March 2024 and expires in June 2034 and remains in effect following the Incheon FC Fire. The loss of capacity from the facility is being absorbed by our other existing facilities. The Incheon FC Fire did not have a material impact on our third quarter revenue …
(5)Gross profit for the three and nine months ended September 30, 2026 includes inventory losses of $95 million from the Incheon FC Fire. Net loss for the three and nine months ended September 30, 2026 includes a loss of $180 million related to the Incheon FC Fire, net of taxes.
We experienced a lower year-over-year growth rate in Product Commerce Active Customers in each quarter of 2026 primarily due to the impact of the Incident.
Three Months Ended September 30,Nine Months Ended September 30,
The increase in operating, general and administrative expenses for the three and nine months ended September 30, 2026 primarily reflects increases in fulfillment, technology, and marketing costs to support our continued growth, as well as $153 million of losses related to the Incheon FC Fire, includ…
Text removed vs the prior filing · source: 10-Q · 2026-08-04
The Incheon FC Fire has not had a material impact on our third quarter revenue generation or ability to meet customer demand, nor do we expect a significant disruption to our ability to meet future customer demand.
We experienced a lower year-over-year growth rate in Product Commerce Active Customers in the first and second quarters of 2026 primarily due to the impact of the Incident.
The increase in operating, general and administrative expenses for the three and six months ended June 30, 2026 primarily reflects the impact of certain administrative fines of approximately $410 million as well as increases in fulfillment, technology, and marketing costs to support our continued gr…
The increase in cash outflow was mainly driven by a $75 million increase in purchases of property and equipment, primarily related to investments made in our fulfillment and logistics infrastructure.
The year-over-year change in financing cash flow was primarily driven by an increase of $931 million from proceeds from debt and short-term borrowings, net of repayments. During the six months ended June 30, 2026, we borrowed $750 million under the Revolving Credit Facility for general operating pur…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-03
During the quarter ended September 30, 2026, no director or Section 16 officer adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements.
Text removed vs the prior filing · source: 10-Q · 2026-08-04
Jonathan Lee, our Chief Accounting Officer, adopted a pre-arranged stock trading plan (the “Plan”) in accordance with the SEC guidelines specified under Rule 10b5-1(c) under the Exchange Act and the policies of Coupang regarding stock transactions, to sell up to 8,000 shares of Coupang Class A Commo…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice