Webtoon Entertainment Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Webtoon Entertainment Inc. reported revenue of $1.4B (+2.5% year on year) and net income of ($373.4M) (-144.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Cost of revenue | ($1.1B) | ($1.0B) |
| Marketing | ($126.1M) | ($107.8M) |
| General and administrative expenses | ($259.5M) | ($332.0M) |
| Operating Loss | ($63.5M) | ($100.7M) |
| Interest income | $19.2M | $15.8M |
| Interest expense | ($56.0K) | ($45.0K) |
| Impairment losses on goodwill and other intangible assets, net | ($336.5M) | — |
| Gain (loss) on equity method investments, net | $1.3M | ($1.1M) |
| Other income (loss), net | ($9.8M) | $6.5M |
| Loss before income tax | ($389.4M) | ($149.3M) |
| Income tax benefit (expense) | $16.0M | ($3.6M) |
| Net loss | ($373.4M) | ($152.9M) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | ($345.9M) | ($143.9M) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | ($27.5M) | ($9.0M) |
| Foreign currency translation adjustments, net of tax | $9.8M | ($71.9M) |
| Share of other comprehensive income (loss) of equity method investments, net of tax | $896.0K | ($94.0K) |
| Total other comprehensive loss, net of tax | $10.7M | ($72.0M) |
| Total comprehensive loss | ($362.7M) | ($224.9M) |
| Total comprehensive loss attributable to WEBTOON Entertainment Inc. | ($335.7M) | ($213.7M) |
| Total comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests | ($27.0M) | ($11.2M) |
| Basic (in shares) | 130.2M | 119.2M |
| Diluted (in shares) | 130.2M | 119.2M |
| Basic (in usd per share) | -$2.66 | -$1.21 |
| Diluted (in usd per share) | -$2.66 | -$1.21 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $338.5M | $320.9M | $378.0M | $348.3M |
| Cost of revenue | ($250.3M) | ($237.8M) | ($295.3M) | ($261.0M) |
| Marketing | ($38.3M) | ($30.5M) | ($35.2M) | ($31.1M) |
| General and administrative expenses | ($65.4M) | ($60.6M) | ($62.5M) | ($65.0M) |
| Operating income (loss) | ($15.6M) | ($8.0M) | ($14.9M) | ($8.8M) |
| Interest income | $4.5M | $4.4M | $4.6M | $4.9M |
| Interest expense | ($17.0K) | ($17.0K) | ($2.0K) | ($2.0K) |
| Gain (loss) on equity method investments, net | $988.0K | ($446.0K) | $1.7M | $507.0K |
| Other income (loss), net | $2.5M | ($2.0M) | ($1.9M) | ($1.4M) |
| Income (loss) before income tax | ($7.6M) | ($6.1M) | ($10.4M) | ($4.7M) |
| Income tax benefit (expense) | ($6.9M) | ($2.7M) | ($626.0K) | $832.0K |
| Net income (loss) | ($14.6M) | ($8.8M) | ($11.1M) | ($3.9M) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | ($15.2M) | ($9.5M) | ($11.6M) | ($4.3M) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | $671.0K | $658.0K | $597.0K | $443.0K |
| Foreign currency translation adjustments, net of tax | ($9.2M) | ($23.7M) | ($21.1M) | $41.1M |
| Share of other comprehensive loss of equity method investments, net of tax | ($48.0K) | ($15.0K) | $274.0K | $568.0K |
| Total other comprehensive income (loss), net of tax | ($9.2M) | ($23.8M) | ($20.8M) | $41.7M |
| Total comprehensive income (loss) | ($23.8M) | ($32.6M) | ($31.9M) | $37.8M |
| Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. | ($24.1M) | ($32.1M) | ($31.8M) | $35.8M |
| Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | $276.0K | ($460.0K) | ($100.0K) | $2.0M |
| Basic (in shares) | 135.3M | 133.6M | 130.6M | 130.4M |
| Diluted (in shares) | 135.3M | 133.6M | 130.6M | 130.4M |
| Basic (in usd per share) | -$0.11 | -$0.07 | -$0.09 | -$0.03 |
| Diluted (in usd per share) | -$0.11 | -$0.07 | -$0.09 | -$0.03 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Cash and cash equivalents | $581.8M | $572.4M |
| Receivables, net of allowance for credit losses of $3,418 and $1,049 at December 31, 2025 and December 31, 2024, respectively | $176.8M | $169.2M |
| Prepaid expenses and other current assets, net | $72.6M | $94.8M |
| Total current assets | $831.2M | $836.4M |
| Property and equipment, net | $8.3M | $3.8M |
| Operating lease right-of-use assets | $23.7M | $16.6M |
| Debt and equity securities | $69.7M | $70.2M |
| Intangible assets, net | $157.8M | $180.9M |
| Goodwill, net | $336.8M | $665.3M |
| Equity method investments | $80.4M | $78.7M |
| Deferred tax assets | $22.3M | $17.6M |
| Other non-current assets, net | $65.2M | $65.9M |
| Total assets | $1.6B | $1.9B |
| Accounts payables | $137.0M | $127.3M |
| Accrued expenses | $66.7M | $62.2M |
| Current portion of operating lease liabilities | $9.6M | $6.1M |
| Contract liabilities | $90.0M | $85.9M |
| Income tax payables – corporate tax | $1.2M | $10.1M |
| Consumption taxes payables | $2.9M | $8.3M |
| Provisions and defined pension benefits | $8.8M | $11.1M |
| Other current liabilities | $2.5M | $2.2M |
| Total current liabilities | $318.6M | $313.2M |
| Long-term operating lease liabilities | $14.1M | $11.2M |
| Defined severance benefits | $25.1M | $22.0M |
| Deferred tax liabilities | $5.8M | $30.3M |
| Other non-current liabilities | $3.7M | $2.2M |
| Total liabilities | $367.2M | $378.9M |
| Redeemable non-controlling interest in subsidiary | $24.5M | $36.6M |
| Preferred stock, $0.0001 par value 100,000,000 authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 |
| Common stock, $0.0001 par value 2,000,000,000 authorized, 130,776,161 shares and 128,587,944 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively | 13.0K | 13.0K |
| Additional paid-in capital | $2.1B | $2.1B |
| Accumulated other comprehensive loss | ($114.4M) | ($124.6M) |
| Accumulated deficit | ($853.1M) | ($507.2M) |
| Total stockholders’ equity attributable to WEBTOON Entertainment Inc. | $1.2B | $1.5B |
| Non-controlling interests in consolidated subsidiaries | $33.3M | $47.8M |
| Total equity | $1.2B | $1.5B |
| Total liabilities, redeemable non-controlling interest, and equity | $1.6B | $1.9B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $583.1M | $594.9M | $584.6M | $581.5M |
| Receivables, net of allowance for credit losses of $1,917 and $3,378 at June 30, 2026, and December 31, 2025, respectively | $191.3M | $182.8M | $177.5M | $186.8M |
| Prepaid expenses and other current assets, net | $72.5M | $73.4M | $80.3M | $93.7M |
| Total current assets | $846.9M | $851.0M | $842.4M | $862.0M |
| Property and equipment, net | $12.4M | $10.6M | $8.7M | $5.4M |
| Operating lease right-of-use assets | $22.7M | $20.5M | $25.9M | $26.1M |
| Debt and equity securities | $66.0M | $64.3M | $75.5M | $76.3M |
| Intangible assets, net | $144.5M | $150.9M | $168.1M | $176.0M |
| Goodwill, net | $328.5M | $330.8M | $678.1M | $685.7M |
| Equity method investments | $75.9M | $76.2M | $83.1M | $84.3M |
| Deferred tax assets | $24.6M | $23.6M | $22.7M | $21.5M |
| Other non-current assets, net | $69.0M | $65.7M | $73.3M | $72.5M |
| Total assets | $1.6B | $1.6B | $2.0B | $2.0B |
| Accounts payable | $133.7M | $137.7M | $141.0M | $138.0M |
| Accrued expenses | $60.9M | $53.8M | $71.5M | $66.7M |
| Current portion of operating lease liabilities | $8.1M | $8.7M | $9.6M | $9.0M |
| Contract liabilities | $103.8M | $94.6M | $88.2M | $103.7M |
| Taxes payable | $4.1M | $7.0M | — | — |
| Provisions and defined pension benefits | $7.5M | $7.0M | $13.4M | $13.3M |
| Other current liabilities | $3.5M | $3.9M | $2.3M | $2.5M |
| Total current liabilities | $321.6M | $312.8M | $334.3M | $339.8M |
| Long-term operating lease liabilities | $14.5M | $11.7M | $16.7M | $18.7M |
| Defined severance benefits | $22.8M | $24.5M | $22.6M | $23.7M |
| Deferred tax liabilities | $6.1M | $5.9M | $25.9M | $28.0M |
| Other non-current liabilities | $3.6M | $3.7M | $3.4M | $1.6M |
| Total liabilities | $368.6M | $358.5M | $402.9M | $411.8M |
| Redeemable non-controlling interest in subsidiary | $24.5M | $24.3M | $37.6M | $37.7M |
| Common stock, $0.0001 par value (2,000,000,000 authorized, 135,663,014 shares and 130,776,161 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively) | 14.0K | 13.0K | 13.0K | 13.0K |
| Additional paid-in capital | $2.2B | $2.2B | $2.1B | $2.1B |
| Accumulated other comprehensive loss | ($145.8M) | ($137.0M) | ($98.2M) | ($78.1M) |
| Accumulated deficit | ($877.8M) | ($862.6M) | ($545.6M) | ($533.9M) |
| Total stockholders' equity attributable to WEBTOON Entertainment Inc. | $1.2B | $1.2B | $1.5B | $1.5B |
| Non-controlling interests in consolidated subsidiaries | $33.2M | $33.0M | $49.6M | $49.6M |
| Total equity | $1.2B | $1.2B | $1.5B | $1.6B |
| Total liabilities, redeemable non-controlling interest, and equity | $1.6B | $1.6B | $2.0B | $2.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY |
|---|---|---|
| Net loss | ($373.4M) | ($152.9M) |
| Allowance for credit losses | $4.8M | $6.0M |
| Depreciation and amortization | $35.4M | $40.1M |
| Impairment losses on goodwill and other intangible assets | $336.5M | — |
| Operating lease expense | $9.7M | $10.4M |
| Loss (Gain) on foreign currency, net | ($1.6M) | ($2.5M) |
| Deferred tax benefit | ($29.0M) | ($24.5M) |
| Loss (Gain) on debt and equity securities, net | $8.6M | ($2.3M) |
| Loss (Gain) on equity method investment | ($1.3M) | $1.1M |
| Contingent consideration liability | $0 | ($3.7M) |
| Stock-based compensation | $41.9M | $87.4M |
| Gain on disposal of right-of-use assets, net | $0 | ($1.9M) |
| Change in severance benefit, net | $5.6M | $3.7M |
| Loss on investments in subsidiaries, net | $0 | $2.7M |
| Other non-cash items | $14.0K | ($707.0K) |
| Changes in receivables | ($873.0K) | ($24.1M) |
| Changes in other assets | $1.2M | ($35.9M) |
| Changes in accounts payable | $3.4M | $26.2M |
| Changes in accrued expenses | $6.2M | $5.2M |
| Changes in consumption taxes payables | ($5.7M) | — |
| Changes in contract liabilities | $2.4M | $21.6M |
| Changes in withholdings | ($6.1M) | — |
| Changes in income tax payable - corporate tax | ($8.9M) | — |
| Changes in other liabilities | ($6.5M) | ($186.0K) |
| Changes in operating lease liabilities | ($8.1M) | ($9.0M) |
| Changes in deposits | ($294.0K) | $2.4M |
| Transfer of severance benefits | ($2.8M) | ($956.0K) |
| Net cash provided by operating activities | $11.2M | $17.9M |
| Proceeds from maturities of short-term investments | $42.5M | $68.0M |
| Proceeds from sale of debt and equity securities | $0 | $3.0M |
| Proceeds from sale of property and equipment | $297.0K | $6.5M |
| Proceeds from sale of equity method investments | $0 | $5.9M |
| Proceeds from loan receivable | $1.7M | $0 |
| Payment from maturities of short-term investments | ($26.4M) | ($77.4M) |
| Payment made for loan receivable | ($904.0K) | ($264.0K) |
| Purchases of debt and equity securities | ($6.8M) | ($1.0M) |
| Purchases of property and equipment | ($7.6M) | ($2.4M) |
| Purchases of intangible assets | ($10.3M) | ($10.7M) |
| Purchases of equity method investments | $0 | ($9.1M) |
| Acquisition of businesses, net of cash | ($148.0K) | — |
| Disposal of businesses, net of cash | $0 | ($315.0K) |
| Other investing activities | $119.0K | $470.0K |
| Net cash used in investing activities | ($7.5M) | ($17.3M) |
| Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions | $0 | $292.9M |
| Proceeds from issuance of common stock related to private placement | $0 | $50.0M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($23.4M) | ($8.8M) | ($36.9M) | ($25.9M) |
| Provision for credit losses | ($446.0K) | ($749.0K) | $274.0K | $894.0K |
| Depreciation and amortization | $15.3M | $8.0M | $24.8M | $16.8M |
| Operating lease expense | $5.1M | $2.5M | $7.2M | $4.5M |
| Gain on foreign currency, net | ($6.8M) | ($6.2M) | ($2.5M) | ($3.6M) |
| Deferred tax benefit | ($2.8M) | ($2.2M) | ($8.7M) | ($5.0M) |
| Loss on debt and equity securities, net | $672.0K | $2.6M | $4.0M | $2.4M |
| Change in severance benefit, net | $1.8M | $1.6M | $1.8M | $1.2M |
| (Gain) loss on equity method investments, net | ($542.0K) | $446.0K | — | — |
| Stock-based compensation | $19.7M | $7.6M | $35.1M | $25.5M |
| Other non-cash items | $275.0K | ($3.0M) | ($7.0K) | ($2.3M) |
| Changes in receivables | ($23.2M) | ($11.7M) | $995.0K | ($3.1M) |
| Changes in other assets | ($19.6M) | ($4.1M) | $230.0K | ($9.5M) |
| Changes in accounts payable | ($1.8M) | $4.1M | $2.8M | ($5.3M) |
| Changes in accrued expenses | ($2.2M) | ($9.3M) | ($15.4M) | ($16.3M) |
| Changes in contract liabilities | $18.6M | $7.5M | ($1.9M) | $10.3M |
| Changes in income tax receivable | $6.4M | — | — | — |
| Changes in other liabilities | $1.2M | $2.5M | ($2.6M) | ($892.0K) |
| Changes in operating lease liabilities | ($4.7M) | ($2.8M) | ($5.5M) | ($3.3M) |
| Payments of severance benefits, net of cash transferred | ($1.8M) | — | — | — |
| Net cash used in operating activities | ($18.1M) | ($11.8M) | $3.6M | ($13.0M) |
| Proceeds from maturities of short-term investments | $9.3M | $684.0K | $32.5M | $32.3M |
| Proceeds from sale of property and equipment | $82.0K | $23.0K | $253.0K | $225.0K |
| Purchases of property and equipment | ($4.8M) | ($3.1M) | ($7.0M) | ($2.3M) |
| Purchases of debt and equity securities | ($643.0K) | $0 | ($6.7M) | ($3.8M) |
| Payment made for short-term investments | ($10.2M) | ($1.4M) | ($17.4M) | ($16.6M) |
| Payment made for loan receivable | ($77.0K) | ($68.0K) | ($909.0K) | ($823.0K) |
| Purchases of intangible assets | ($4.0M) | ($2.9M) | ($7.2M) | ($4.5M) |
| Acquisition of businesses, net of cash | $0 | — | ($148.0K) | ($148.0K) |
| Other investing activities | $0 | $0 | $120.0K | $1.4M |
| Net cash (used in) provided by investing activities | ($10.3M) | ($6.7M) | ($5.0M) | $5.7M |
| Proceeds from issuance of common stock related to private placement, net | $32.7M | $32.7M | $0 | — |
| Other financing activities | $307.0K | — | — | $229.0K |
| Net cash provided by financing activities | $33.0M | $32.7M | $1.4M | $229.0K |
| Effect of exchange rate changes on cash and cash equivalents | ($3.2M) | ($1.0M) | $12.2M | $16.2M |
| Net increase in cash and cash equivalents | $1.3M | $13.0M | $12.2M | $9.1M |
| Cash and cash equivalents at beginning of the period | $581.8M | $581.8M | $572.4M | $572.4M |
| Cash and cash equivalents at end of the period | $583.1M | — | — | — |
| Income taxes paid | $6.0M | $2.7M | $18.1M | $14.3M |
| Interest paid | $0 | — | $1.0K | $1.0K |
| Purchase of property and equipment included in accounts payable | $1.8M | — | — | — |
| Purchase of intangible assets included in accounts payable | $1.2M | — | — | — |
| Reclassification of long-term advances to current | ($5.3M) | ($10.9M) | — | $49.4M |
| Increase in right-of-use assets recognized from new lease agreements | $4.9M | $4.0K | $13.4M | $12.5M |
| Reclassification of construction in progress to property and equipment | $833.0K | — | — | — |
Webtoon Entertainment Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.