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WEBTOON Entertainment (WBTN) Financials

WEBTOON Entertainment logo
$12.29 +0.31 (+2.59%)
Closing price 05/29/2026 04:00 PM Eastern
Extended Trading
$12.22 -0.07 (-0.57%)
As of 05/29/2026 07:50 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for WEBTOON Entertainment

Annual Income Statements for WEBTOON Entertainment

This table shows WEBTOON Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -130 -116 -144 -346
Consolidated Net Income / (Loss)		 -133 -145 -153 -373
Net Income / (Loss) Continuing Operations		 -133 -145 -153 -373
Total Pre-Tax Income 		-118 -133 -149 -389
Total Operating Income		 -115 -36 -101 -64
Total Gross Profit		 273 295 339 322
Total Revenue		 1,079 1,283 1,348 1,383
Operating Revenue		 1,079 1,283 1,348 1,383
Total Cost of Revenue		 806 987 1,009 1,061
Operating Cost of Revenue		 806 987 1,009 1,061
Total Operating Expenses		 388 332 440 386
Selling, General & Admin Expense		 208 211 332 260
Marketing Expense		 180 121 108 126
Total Other Income / (Expense), net		 -3.44 -96 -49 -326
Interest Expense		 0.84 0.08 0.05 0.06
Interest & Investment Income		 -3.53 -9.33 15 20
Other Income / (Expense), net		 0.94 -87 -63 -346
Income Tax Expense		 14 12 3.60 -16
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.65 -28 -9.01 -27
Basic Earnings per Share		 ($1.22) ($1.06) ($1.21) ($2.66)
Weighted Average Basic Shares Outstanding		 106.50M 109.51M 119.23M 130.18M
Diluted Earnings per Share		 ($1.22) ($1.06) ($1.21) ($2.66)
Weighted Average Diluted Shares Outstanding		 106.50M 109.51M 119.23M 130.18M
Weighted Average Basic & Diluted Shares Outstanding		 - - 128.86M 133.48M

Quarterly Income Statements for WEBTOON Entertainment

This table shows WEBTOON Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -20 -11 6.19 -77 20 -93 -22 -4.33 -12 -308 -9.46
Consolidated Net Income / (Loss)		 -20 -11 6.23 -77 20 -103 -22 -3.88 -11 -336 -8.80
Net Income / (Loss) Continuing Operations		 -20 -11 6.23 -77 20 -103 -22 -3.88 -11 -336 -8.80
Total Pre-Tax Income 		-8.55 -5.52 13 -75 10 -98 -19 -4.72 -10 -355 -6.13
Total Operating Income		 -5.47 -6.75 14 -79 -8.09 -28 -27 -8.76 -15 -13 -8.03
Total Gross Profit		 81 72 82 83 91 82 72 87 83 81 83
Total Revenue		 321 318 327 321 348 353 326 348 378 331 321
Operating Revenue		 321 318 327 321 348 353 326 348 378 331 321
Total Cost of Revenue		 240 246 244 238 257 271 254 261 295 250 238
Operating Cost of Revenue		 240 246 244 238 257 271 254 261 295 250 238
Total Operating Expenses		 87 79 68 162 99 110 98 96 98 94 91
Selling, General & Admin Expense		 53 46 49 139 67 78 67 65 62 65 61
Marketing Expense		 33 33 19 23 33 32 32 31 35 28 31
Total Other Income / (Expense), net		 -3.08 1.23 -1.29 4.44 18 -70 7.21 4.05 4.45 -342 1.91
Interest Expense		 0.02 0.02 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.05 0.02
Interest & Investment Income		 3.03 1.97 0.18 2.16 6.37 5.98 4.54 5.42 6.35 4.14 3.93
Other Income / (Expense), net		 -6.09 -0.72 -1.44 2.28 12 -76 2.67 -1.37 -1.89 -346 -2.01
Income Tax Expense		 11 5.93 6.67 1.91 -9.90 4.93 2.55 -0.83 0.63 -18 2.67
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.74 -0.55 0.04 0.32 0.23 -9.60 0.42 0.44 0.60 -29 0.66
Basic Earnings per Share		 ($0.18) ($0.10) $0.06 ($0.70) $0.15 ($0.72) ($0.17) ($0.03) ($0.09) ($2.37) ($0.07)
Weighted Average Basic Shares Outstanding		 109.51M 109.51M 109.51M 110.10M 128.33M 119.23M 129.60M 130.36M 130.64M 130.18M 133.62M
Diluted Earnings per Share		 ($0.18) ($0.10) $0.06 ($0.70) $0.15 ($0.72) ($0.17) ($0.03) ($0.09) ($2.37) ($0.07)
Weighted Average Diluted Shares Outstanding		 109.51M 109.51M 109.56M 110.10M 130.82M 119.23M 129.60M 130.36M 130.64M 130.18M 133.62M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 128.27M 128.31M 128.86M 130.19M 130.61M 130.77M 133.48M 135.23M

Annual Cash Flow Statements for WEBTOON Entertainment

This table details how cash moves in and out of WEBTOON Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 139 -48 341 9.40
Net Cash From Operating Activities		 -141 15 18 11
Net Cash From Continuing Operating Activities		 -141 15 18 11
Net Income / (Loss) Continuing Operations		 -133 -145 -153 -373
Consolidated Net Income / (Loss)		 -133 -145 -153 -373
Depreciation Expense		 35 38 40 35
Non-Cash Adjustments To Reconcile Net Income		 32 119 176 404
Changes in Operating Assets and Liabilities, net		 -75 2.26 -45 -55
Net Cash From Investing Activities		 -51 -52 -17 -7.50
Net Cash From Continuing Investing Activities		 -51 -52 -17 -7.50
Purchase of Property, Plant & Equipment		 -2.70 -10 -2.40 -7.62
Acquisitions		 -33 -13 -20 -10
Purchase of Investments		 -29 -8.70 -1.00 -6.80
Sale of Property, Plant & Equipment		 0.61 0.66 6.50 0.30
Divestitures		 -0.52 7.43 5.62 0.00
Sale and/or Maturity of Investments		 17 -17 -6.38 16
Other Investing Activities, net		 -3.00 -11 0.21 0.90
Net Cash From Financing Activities		 350 -6.50 354 1.47
Net Cash From Continuing Financing Activities		 350 -6.50 354 1.47
Repayment of Debt		 -107 -6.34 -3.61 0.00
Repurchase of Common Equity		 -11 0.00 -11 0.00
Issuance of Debt		 77 0.38 0.00 0.14
Issuance of Common Equity		 408 0.00 370 0.00
Other Financing Activities, net		 -2.02 -0.54 -1.10 1.33
Effect of Exchange Rate Changes		 -20 -4.29 -14 4.22
Cash Interest Paid		 0.70 0.09 0.09 0.00
Cash Income Taxes Paid		 29 27 26 25

Quarterly Cash Flow Statements for WEBTOON Entertainment

This table details how cash moves in and out of WEBTOON Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 25 7.50 -13 354 13 -13 -22 31 3.03 -2.77 13
Net Cash From Operating Activities		 48 7.29 24 -1.46 4.15 -8.66 -19 5.70 17 7.64 -12
Net Cash From Continuing Operating Activities		 48 7.29 24 -1.46 4.15 -8.66 -19 5.70 17 7.64 -12
Net Income / (Loss) Continuing Operations		 -11 -95 6.23 -77 20 -103 -22 -3.88 -11 -336 -8.80
Consolidated Net Income / (Loss)		 -11 -95 6.23 -77 20 -103 -22 -3.88 -11 -336 -8.80
Depreciation Expense		 9.18 10 9.04 8.92 10 12 8.44 8.41 7.94 11 8.00
Non-Cash Adjustments To Reconcile Net Income		 4.90 102 6.60 56 14 100 19 9.44 18 358 4.88
Changes in Operating Assets and Liabilities, net		 46 -9.83 1.99 11 -40 -18 -24 -8.26 2.06 -24 -16
Net Cash From Investing Activities		 -20 -6.91 -28 21 -3.92 -6.05 -8.03 14 -11 -2.47 -6.74
Net Cash From Continuing Investing Activities		 -20 -6.91 -28 21 -3.92 -6.05 -8.03 14 -11 -2.47 -6.74
Purchase of Property, Plant & Equipment		 -0.51 -0.36 -0.47 -0.21 -0.63 -1.09 -0.54 -1.76 -4.69 -0.64 -3.15
Acquisitions		 -2.93 -4.04 -8.07 -2.76 -3.00 -6.34 -2.44 -2.16 -2.71 -3.12 -2.87
Purchase of Investments		 -15 14 -20 -48 -0.33 67 -8.61 -12 -3.68 17 -1.37
Sale of Property, Plant & Equipment		 - 0.66 0.00 - - 6.50 0.08 0.15 0.03 0.04 0.02
Sale and/or Maturity of Investments		 -0.03 -25 1.13 65 -0.10 -73 3.45 29 0.26 -16 0.68
Other Investing Activities, net		 -1.18 2.51 -0.05 0.08 0.11 0.07 0.04 0.50 0.05 0.31 -0.07
Net Cash From Financing Activities		 2.35 -0.10 -0.86 337 18 0.20 0.08 0.15 1.18 0.06 33
Net Cash From Continuing Financing Activities		 2.35 -0.10 -0.86 337 18 0.20 0.08 0.15 1.18 0.06 33
Issuance of Common Equity		 - - - - - 27 0.00 - - - 33
Other Financing Activities, net		 2.32 -0.87 -0.84 -0.51 18 -15 0.08 0.15 1.04 0.06 0.00
Effect of Exchange Rate Changes		 -6.18 7.23 -8.26 -2.32 -4.63 1.39 4.33 12 -3.94 -8.00 -1.05
Cash Income Taxes Paid		 - 8.20 12 3.69 8.21 1.99 6.83 7.47 3.80 6.61 2.71

Annual Balance Sheets for WEBTOON Entertainment

This table presents WEBTOON Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,777 1,935 1,596
Total Current Assets		 493 836 831
Cash & Equivalents		 232 572 582
Accounts Receivable		 172 169 177
Prepaid Expenses		 82 95 73
Plant, Property, & Equipment, net		 12 3.78 8.34
Total Noncurrent Assets		 1,272 1,095 756
Long-Term Investments		 64 79 80
Goodwill		 779 665 337
Intangible Assets		 220 181 158
Noncurrent Deferred & Refundable Income Taxes		 24 18 22
Other Noncurrent Operating Assets		 185 153 159
Total Liabilities & Shareholders' Equity		 1,777 1,935 1,596
Total Liabilities		 429 379 367
Total Current Liabilities		 316 313 319
Accounts Payable		 127 127 137
Accrued Expenses		 63 62 67
Current Deferred & Payable Income Tax Liabilities		 9.46 10 4.14
Current Employee Benefit Liabilities		 5.56 11 8.77
Other Current Liabilities		 99 94 102
Total Noncurrent Liabilities		 113 66 49
Noncurrent Deferred & Payable Income Tax Liabilities		 61 30 5.76
Noncurrent Employee Benefit Liabilities		 23 22 25
Other Noncurrent Operating Liabilities		 29 13 18
Commitments & Contingencies		 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 41 37 25
Total Equity & Noncontrolling Interests		 1,306 1,520 1,204
Total Preferred & Common Equity		 1,249 1,472 1,170
Total Common Equity		 1,249 1,472 1,170
Common Stock		 1,667 2,104 2,138
Retained Earnings		 -363 -507 -853
Accumulated Other Comprehensive Income / (Loss)		 -55 -125 -114
Noncontrolling Interest		 57 48 33

Quarterly Balance Sheets for WEBTOON Entertainment

This table presents WEBTOON Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,029 2,126 1,937 2,010 1,978 1,594
Total Current Assets		 826 881 820 862 842 851
Cash & Equivalents		 572 586 550 582 585 595
Accounts Receivable		 173 190 174 187 177 183
Prepaid Expenses		 - - 96 94 80 73
Plant, Property, & Equipment, net		 9.41 8.33 3.83 5.43 8.65 11
Total Noncurrent Assets		 1,193 1,236 1,113 1,142 1,127 732
Long-Term Investments		 79 84 79 84 83 76
Goodwill		 741 760 669 686 678 331
Intangible Assets		 194 198 178 176 168 151
Noncurrent Deferred & Refundable Income Taxes		 24 15 17 21 23 24
Other Noncurrent Operating Assets		 155 180 170 175 175 151
Total Liabilities & Shareholders' Equity		 2,029 2,126 1,937 2,010 1,978 1,594
Total Liabilities		 418 415 384 412 403 359
Total Current Liabilities		 342 354 312 340 334 313
Accounts Payable		 121 111 133 138 141 138
Accrued Expenses		 88 96 59 67 72 54
Current Deferred & Payable Income Tax Liabilities		 9.74 7.18 7.14 2.79 4.74 7.00
Current Employee Benefit Liabilities		 - 4.48 12 13 13 7.01
Other Current Liabilities		 124 135 97 115 100 107
Total Noncurrent Liabilities		 76 61 72 72 69 46
Noncurrent Deferred & Payable Income Tax Liabilities		 52 27 29 28 26 5.88
Noncurrent Employee Benefit Liabilities		 20 - 22 24 23 25
Other Noncurrent Operating Liabilities		 4.52 34 21 20 20 15
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 42 42 37 38 38 24
Total Equity & Noncontrolling Interests		 1,569 1,669 1,516 1,560 1,537 1,211
Total Preferred & Common Equity		 1,515 1,615 1,468 1,511 1,488 1,178
Total Common Equity		 1,515 1,615 1,468 1,511 1,488 1,178
Common Stock		 2,053 2,094 2,115 2,123 2,132 2,177
Retained Earnings		 -434 -414 -530 -534 -546 -863
Accumulated Other Comprehensive Income / (Loss)		 -104 -65 -118 -78 -98 -137
Noncontrolling Interest		 54 54 48 50 50 33

Annual Metrics And Ratios for WEBTOON Entertainment

This table displays calculated financial ratios and metrics derived from WEBTOON Entertainment's official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - 130,765,676.00
DEI Adjusted Shares Outstanding		 - - - 130,765,676.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - -2.65
Growth Metrics		 - - - -
Profitability Metrics		 - - - -
Net Operating Profit after Tax (NOPAT)		 -80 -25 -70 -44
Return On Investment Capital (ROIC_SIMPLE)		 - -1.94% -4.64% -3.69%
Earnings before Interest and Taxes (EBIT)		 -114 -123 -164 -410
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -79 -85 -124 -374
Valuation Ratios		 - - - -
Leverage & Solvency		 - - - -
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,074 73 295
Efficiency Ratios		 - - - -
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 1,049 905 566
Increase / (Decrease) in Invested Capital		 0.00 1,049 -144 -339
Book Value per Share		 $0.00 $11.41 $11.47 $8.95
Tangible Book Value per Share		 $0.00 $2.29 $4.88 $5.17
Total Capital		 0.00 1,352 1,556 1,228
Total Debt		 0.00 4.25 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 0.00 -292 -651 -662
Capital Expenditures (CapEx)		 2.09 9.54 -4.09 7.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -51 -49 -69
Debt-free Net Working Capital (DFNWC)		 0.00 181 523 513
Net Working Capital (NWC)		 0.00 177 523 513
Net Nonoperating Expense (NNE)		 52 119 82 329
Net Nonoperating Obligations (NNO)		 0.00 -299 -651 -662
Total Depreciation and Amortization (D&A)		 35 38 40 35
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.21) ($2.66)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 119.23M 130.18M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.21) ($2.66)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 119.23M 130.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 128.86M 133.48M
Normalized Net Operating Profit after Tax (NOPAT)		 -80 -25 -70 -44
Debt Service Ratios		 - - - -
Payout Ratios		 - - - -

Quarterly Metrics And Ratios for WEBTOON Entertainment

This table displays calculated financial ratios and metrics derived from WEBTOON Entertainment's official financial filings.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - 128,313,144.00 - - - 130,765,676.00 133,482,819.00
DEI Adjusted Shares Outstanding		 - - - - - 128,313,144.00 - - - 130,765,676.00 133,482,819.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - -0.72 - - - -2.35 -0.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.10% 9.49% - -0.32% 8.51% 8.66% - -1.48%
EBITDA Growth		 0.00% 0.00% 0.00% -564.70% 701.64% - -171.27% 97.46% -164.37% - 86.87%
EBIT Growth		 0.00% 0.00% 0.00% -564.70% 149.72% - -287.94% 86.81% -551.63% - 58.12%
NOPAT Growth		 0.00% 0.00% 0.00% -1,347.05% -239.18% - -371.98% 88.92% 34.99% - 69.85%
Net Income Growth		 0.00% 0.00% 0.00% -287.69% 274.54% - -452.46% 94.93% -155.29% - 59.96%
EPS Growth		 0.00% 0.00% 0.00% -288.89% 250.00% - -383.33% 95.71% -160.00% - 58.82%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -91.40% - -178.19% 489.95% 298.77% - 36.48%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 102.14% 111.70% - 137.54%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% -2.90% -12.88% - -38.91%
Revenue Q/Q Growth		 0.00% -0.90% 0.00% 0.00% 8.39% - 0.00% 6.93% 8.55% - -2.97%
EBITDA Q/Q Growth		 0.00% 114.81% 0.00% 0.00% 117.86% - 0.00% 88.90% -412.42% - 99.41%
EBIT Q/Q Growth		 0.00% 35.38% 0.00% 0.00% 104.83% - 0.00% 57.73% -65.54% - 97.20%
NOPAT Q/Q Growth		 0.00% -23.44% 0.00% 0.00% 71.07% - 0.00% 67.10% -69.78% - 39.32%
Net Income Q/Q Growth		 0.00% 42.02% 0.00% 0.00% 126.10% - 0.00% 82.33% -184.57% - 97.39%
EPS Q/Q Growth		 0.00% 44.44% 0.00% 0.00% 121.43% - 0.00% 82.35% -200.00% - 97.05%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 227.47% 0.00% 0.00% - -115.48% 130.57% 189.93% - -255.11%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -4.14% - 0.00% 102.30% 470.73% - 7.14%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 8.48% - 0.00% 0.94% -2.67% - -0.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.31% 22.69% 25.21% 25.88% 26.27% - 21.99% 25.06% 21.90% - 25.88%
EBITDA Margin		 -3.60% 0.54% 6.67% -23.93% 3.94% - -4.77% -0.49% -2.34% - -0.64%
Operating Margin		 -1.70% -2.12% 4.34% -24.64% -2.32% - -8.18% -2.52% -3.94% - -2.50%
EBIT Margin		 -3.60% -2.35% 3.90% -23.93% 1.07% - -7.36% -2.91% -4.44% - -3.13%
Profit (Net Income) Margin		 -6.16% -3.60% 1.91% -23.86% 5.74% - -6.75% -1.11% -2.92% - -2.74%
Tax Burden Percent		 231.02% 207.56% 48.31% 102.55% 198.14% - 113.11% 82.35% 106.01% - 143.62%
Interest Burden Percent		 73.98% 73.88% 101.18% 97.20% 271.67% - 81.05% 46.54% 62.16% - 61.03%
Effective Tax Rate		 0.00% 0.00% 51.69% 0.00% -98.14% - 0.00% 0.00% 0.00% - 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% - -16.70% -2.56% -3.97% - -3.25%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% - -15.65% -2.90% -3.88% - -2.76%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% - 6.34% 1.19% 1.58% - 1.29%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% - -10.36% -1.37% -2.39% - -1.96%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 44.08%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% - -5.12% -1.98% -3.04% - -2.44%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% - -4.69% -0.76% -2.00% - -2.14%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% - -9.80% -1.29% -2.26% - -1.86%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% - -12.34% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.83 -4.72 6.85 -55 -16 -19 -19 -6.13 -10 -9.27 -5.62
NOPAT Margin		 -1.19% -1.49% 2.10% -17.25% -4.60% - -5.72% -1.76% -2.75% - -1.75%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -6.51% 10.76% - -1.06% 0.34% -0.10% - -0.49%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - -1.28% -1.23% -0.39% -0.68% -0.77% -0.46%
Cost of Revenue to Revenue		 74.69% 77.31% 74.79% 74.12% 73.73% - 78.01% 74.94% 78.10% - 74.12%
SG&A Expenses to Revenue		 16.67% 14.41% 14.90% 43.21% 19.18% - 20.48% 18.66% 16.53% - 18.87%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 27.01% 24.81% 20.86% 50.52% 28.59% - 30.16% 27.58% 25.83% - 28.38%
Earnings before Interest and Taxes (EBIT)		 -12 -7.47 13 -77 3.71 -104 -24 -10 -17 -359 -10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -12 1.71 22 -77 14 -91 -16 -1.72 -8.83 -348 -2.04
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.23 0.91 - 0.67 0.78 1.70 - 1.04
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.59 2.23 - 1.59 1.82 3.95 - 1.76
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 - 0.73 0.86 1.80 - 0.89
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.86 - 0.48 0.65 2.15 - 1.09
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 - 0.33 0.44 1.39 - 0.44
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 34.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 1.87
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Financial Leverage		 0.00 0.00 0.00 -0.40 -0.39 - -0.41 -0.41 -0.41 - -0.47
Leverage Ratio		 0.00 0.00 0.00 1.26 1.24 - 1.25 1.26 1.25 - 1.27
Compound Leverage Factor		 0.00 0.00 0.00 1.22 3.38 - 1.01 0.59 0.78 - 0.77
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 5.93% 5.61% - 5.48% 5.46% 5.54% - 4.64%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 94.07% 94.39% - 94.52% 94.54% 94.46% - 95.36%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 - 2.13 2.33 4.38 - 2.54
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% - 5.48% 5.70% 5.58% - 5.11%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 2.41 2.49 - 2.63 2.54 2.52 - 2.72
Quick Ratio		 0.00 0.00 0.00 2.18 2.19 - 2.32 2.26 2.28 - 2.49
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -1,015 -1,057 0.00 -942 22 124 330 354
Operating Cash Flow to CapEx		 0.00% 9,428.96% 5,054.24% 0.00% 653.79% - -4,063.62% 353.44% 354.78% - -379.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -92,301.75 0.00 - -471,050.90 10,838.95 61,860.70 - 20,804.08
Operating Cash Flow to Interest Expense		 0.00 2,676.78 722.91 0.00 0.00 - -9,326.00 2,850.50 8,264.50 - -696.88
Operating Cash Flow Less CapEx to Interest Expense		 0.00 2,648.39 708.61 0.00 0.00 - -9,555.50 2,044.00 5,935.00 - -880.71
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 - 0.70 0.68 0.68 - 0.78
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 - 7.76 7.63 7.65 - 7.73
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 - 352.18 185.26 165.43 - 191.11
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 - 7.69 8.04 8.58 - 7.73
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 - 47.06 47.82 47.73 - 47.22
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 - 47.48 45.42 42.56 - 47.24
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 - -0.43 2.40 5.17 - -0.02
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 960 1,041 905 923 932 907 566 564
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 - 2.92 1.45 1.44 - 1.85
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 960 1,041 0.00 923 -28 -134 -339 -359
Enterprise Value (EV)		 0.00 0.00 0.00 -213 894 - 444 604 1,955 - 613
Market Capitalization		 315 315 315 342 1,467 - 988 1,182 2,535 - 1,227
Book Value per Share		 $0.00 $0.00 $0.00 $13.76 $12.59 $11.47 $11.39 $11.60 $11.39 $8.95 $8.82
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $5.27 $5.12 $4.88 $4.82 $4.99 $4.91 $5.17 $5.22
Total Capital		 0.00 0.00 0.00 1,611 1,711 1,556 1,553 1,598 1,575 1,228 1,235
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 0.00 0.00 -651 -669 -651 -629 -666 -668 -662 -671
Capital Expenditures (CapEx)		 0.00 0.51 0.47 0.00 0.63 -5.28 0.46 1.61 4.66 0.59 3.13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -88 -58 -49 -42 -59 -76 -69 -57
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 484 527 523 508 522 508 513 538
Net Working Capital (NWC)		 0.00 0.00 0.00 484 527 523 508 522 508 513 538
Net Nonoperating Expense (NNE)		 16 6.73 0.62 21 -36 83 3.33 -2.25 0.64 327 3.18
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -651 -669 -651 -629 -666 -668 -662 -671
Total Depreciation and Amortization (D&A)		 0.00 9.18 9.04 0.00 10 12 8.44 8.41 7.94 11 8.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% - -3.13% -4.32% -5.44% - -4.11%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% - 37.70% 37.98% 36.17% - 39.06%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% - 37.70% 37.98% 36.17% - 39.06%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.70) $0.15 ($0.72) ($0.17) ($0.03) ($0.09) ($2.37) ($0.07)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 110.10M 128.33M 119.23M 129.60M 130.36M 130.64M 130.18M 133.62M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.70) $0.15 ($0.72) ($0.17) ($0.03) ($0.09) ($2.37) ($0.07)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 110.10M 130.82M 119.23M 129.60M 130.36M 130.64M 130.18M 133.62M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 128.27M 128.31M 128.86M 130.19M 130.61M 130.77M 133.48M 135.23M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.83 -4.72 9.93 -55 -5.66 -19 -19 -6.13 -10 -9.27 -5.62
Normalized NOPAT Margin		 -1.19% -1.49% 3.04% -17.25% -1.63% - -5.72% -1.76% -2.75% - -1.75%
Pre Tax Income Margin		 -2.67% -1.74% 3.95% -23.26% 2.90% - -5.96% -1.35% -2.76% - -1.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -642.00 -414.89 386.39 -6,983.00 0.00 - -11,982.00 -5,065.00 -8,384.50 - -590.35
NOPAT to Interest Expense		 -212.57 -262.38 207.72 -5,033.38 0.00 - -9,321.90 -3,067.05 -5,207.30 - -330.69
EBIT Less CapEx to Interest Expense		 0.00 -443.28 372.09 0.00 0.00 - -12,211.50 -5,871.50 -10,714.00 - -774.18
NOPAT Less CapEx to Interest Expense		 0.00 -290.77 193.42 0.00 0.00 - -9,551.40 -3,873.55 -7,536.80 - -514.51
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% -8.54% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from WEBTOON Entertainment Inc. (NASDAQ: WBTN) quarterly statements over the last four years, focusing on the latest four quarters (Q1–Q4 2025) and relevant prior periods. The data show a company with solid liquidity, ongoing profitability challenges, and cash-flow dynamics that have improved in mid-2025 even as net income remains negative.

  • Positive operating cash flow in most 2025 quarters: Net cash from continuing operating activities was $5.70M (Q2 2025), $16.53M (Q3 2025), and $7.64M (Q4 2025).
  • Healthy liquidity cover: Cash & equivalents run around $0.58B in 2025 (e.g., $581.5M at 6/30/2025 and $584.6M at 9/30/2025), supporting day-to-day needs and potential strategic flexibility.
  • Solid short-term liquidity on a current ratio basis: In 2025, current assets were roughly $820–$862M vs. current liabilities around $312–$339M, yielding a typical current ratio near 2.5x.
  • Revenue level and mix: Operating revenue in 2025 quarters ranged from about $326M to $378M, with Q3 2025 peaking at $378.041M, indicating a relatively strong top line in mid-2025.
  • Financing activity supports liquidity: Q2 2025 included a cash inflow from issuance of common equity (~$26.8M), contributing to overall cash inflows in financing activity.
  • Non-cash adjustments to net income were substantial in Q4 2025 (~$357.8M), highlighting the impact of non-cash items on reported profitability and cash-flow reconciliation.
  • Balance-sheet composition includes sizable goodwill and intangible assets: Goodwill around $0.67–0.76B and intangible assets around $0.17–$0.18B across 2024–2025, which may carry impairment risk if operating performance worsens.
  • Persistent negative net income: Across quarterly samples in 2025, net income from continuing operations remained negative (e.g., -$11.05M in Q3 2025, -$3.88M in Q2 2025, -$21.97M in Q1 2025; Q4 2025 shows a large loss of -$336.49M).
  • Significant quarterly losses and EPS erosion: In 2025 Q4, basic EPS was -$2.37 and net income attributable to common shareholders was -$307.565M, underscoring substantial profitability pressure.
  • Volatile cash change and investment activity: Net change in cash & equivalents was negative in Q4 2025 (-$2.769M) despite positive operating cash flow in that quarter, reflecting combined investing/financing outflows and other factors.
05/31/26 05:31 PM ETAI Generated. May Contain Errors.

WEBTOON Entertainment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, WEBTOON Entertainment's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

WEBTOON Entertainment's net income appears to be on an upward trend, with a most recent value of -$373.39 million in 2025, rising from -$132.52 million in 2022. The previous period was -$152.91 million in 2024. See WEBTOON Entertainment's forecast for analyst expectations on what's next for the company.

WEBTOON Entertainment's total operating income in 2025 was -$63.51 million, based on the following breakdown:
  • Total Gross Profit: $322.18 million
  • Total Operating Expenses: $385.69 million

Over the last 3 years, WEBTOON Entertainment's total revenue changed from $1.08 billion in 2022 to $1.38 billion in 2025, a change of 28.1%.

WEBTOON Entertainment's total liabilities were at $367.24 million at the end of 2025, a 3.1% decrease from 2024, and a 14.4% decrease since 2023.

In the past 2 years, WEBTOON Entertainment's cash and equivalents has ranged from $231.75 million in 2023 to $581.81 million in 2025, and is currently $581.81 million as of their latest financial filing in 2025.

Over the last 3 years, WEBTOON Entertainment's book value per share changed from 0.00 in 2022 to 8.95 in 2025, a change of 895.1%.


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Financial statements for NASDAQ:WBTN last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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