WBTN · Webtoon Entertainment Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $320.87M | - | $378.04M | $348.27M | $326.74M | - | $347.92M | $320.97M | - | - |
| Cost of Revenue | $237.82M | - | $295.27M | $260.99M | $244.38M | - | $256.53M | $237.91M | - | - |
| Gross Profit | $83.05M | - | $82.77M | $87.28M | $82.36M | - | $91.38M | $83.06M | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $60.56M | - | $62.49M | $64.97M | $48.69M | - | $66.75M | $53.47M | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $8.00M | - | - | - | $9.04M | - | - | - | - | - |
| Operating Income | ($8.03M) | - | ($14.88M) | ($8.76M) | $14.19M | - | ($6.75M) | ($5.47M) | - | - |
| Interest Expense | $17.0K | - | $2.0K | $11.0K | $33.0K | - | $18.0K | $18.0K | - | - |
| Income Tax | $2.67M | - | $626.0K | ($832.0K) | $6.67M | - | ($9.90M) | $11.20M | - | - |
| Net Income | ($9.46M) | - | ($11.65M) | ($4.33M) | $6.19M | - | ($11.18M) | ($76.89M) | - | - |
| EPS - Basic | ($0.07) | - | ($0.09) | ($0.03) | $0.06 | - | $0.15 | ($0.70) | - | - |
| EPS - Diluted | ($0.07) | - | ($0.09) | ($0.03) | $0.06 | - | $0.15 | ($0.18) | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $594.85M | $581.81M | $584.58M | $581.55M | $550.14M | $572.40M | $585.52M | $572.30M | $231.75M | $279.71M |
| Accounts Receivable | $182.78M | $176.78M | $177.49M | $186.78M | $173.71M | $169.19M | $189.93M | $173.45M | $171.78M | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $137.69M | $136.96M | $140.97M | $137.99M | $132.58M | $127.31M | $111.09M | $127.43M | - | - |
| Current Assets | $851.00M | $831.23M | $842.41M | $862.02M | $820.25M | $836.37M | $881.40M | $826.39M | - | - |
| Total Assets | $1.59B | $1.60B | $1.98B | $2.01B | $1.94B | $1.94B | $2.13B | $2.03B | - | - |
| Current Liabilities | $312.78M | $318.62M | $334.26M | $339.85M | $312.25M | $313.22M | $353.95M | $316.07M | - | - |
| Long-term Debt | - | - | - | - | - | $0 | - | $100.0K | $30.0K | - |
| Total Liabilities | $358.51M | $367.24M | $402.94M | $411.80M | $384.36M | $378.87M | $415.03M | $418.34M | - | - |
| Stockholders' Equity | $1.18B | $1.17B | $1.49B | $1.51B | $1.47B | $1.47B | $1.61B | $1.25B | - | - |
| Retained Earnings | ($862.58M) | ($853.12M) | ($545.56M) | ($533.91M) | ($529.59M) | ($507.20M) | ($414.23M) | ($363.29M) | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($11.85M) | - | - | - | $23.86M | - | - | - | - | - |
| Investing Cash Flow | ($6.74M) | - | - | - | ($27.82M) | - | - | - | - | - |
| Financing Cash Flow | $32.68M | - | - | - | ($857.0K) | - | - | - | - | - |
| CapEx | $3.15M | - | - | - | $472.0K | - | - | - | - | - |
| Free Cash Flow | ($14.99M) | - | - | - | $23.38M | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 25.9% | - | 21.9% | 25.1% | 25.2% | - | 26.3% | 25.9% | - | - |
| Operating margin | -2.5% | - | -3.9% | -2.5% | 4.3% | - | -1.9% | -1.7% | - | - |
| EBITDA margin | -0.0% | - | - | - | 7.1% | - | - | - | - | - |
| Net margin | -2.9% | - | -3.1% | -1.2% | 1.9% | - | -3.2% | -24.0% | - | - |
| Free cash flow margin | -4.7% | - | - | - | 7.2% | - | - | - | - | - |
| FCF / Net income | 1.59 | - | - | - | 3.78 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.9% | - | 16.5% | 18.7% | 14.9% | - | 19.2% | 16.7% | - | - |
| Effective tax rate | - | - | - | - | 51.9% | - | - | - | - | - |
| Return on assets | -0.6% | - | -0.6% | -0.2% | 0.3% | - | -0.5% | -3.8% | - | - |
| Return on equity | -0.8% | - | -0.8% | -0.3% | 0.4% | - | -0.7% | -6.2% | - | - |
| Return on invested capital | - | - | - | - | - | - | - | -0.3% | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.72 | 2.61 | 2.52 | 2.54 | 2.63 | 2.67 | 2.49 | 2.61 | - | - |
| Quick ratio | 2.72 | 2.61 | 2.52 | 2.54 | 2.63 | 2.67 | 2.49 | 2.61 | - | - |
| Cash ratio | 1.90 | 1.83 | 1.75 | 1.71 | 1.76 | 1.83 | 1.65 | 1.81 | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 0.00 | - | 0.00 | - | - |
| Debt / Assets | - | - | - | - | - | 0.00 | - | 0.00 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -472.4x | - | -7439.0x | -796.6x | 429.9x | - | -374.8x | -303.7x | - | - |
| Equity multiplier | 1.35 | 1.36 | 1.33 | 1.33 | 1.32 | 1.31 | 1.32 | 1.62 | - | - |
| Liabilities / Assets | 0.22 | 0.23 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.21 | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.20 | - | 0.19 | 0.17 | 0.17 | - | 0.16 | 0.16 | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 208d | - | 171d | 196d | 194d | - | 199d | 197d | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 211d | - | 174d | 193d | 198d | - | 158d | 195d | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 127.8x | - | 76.3x | - | - | - |
| P / B | 1.0x | - | 1.7x | 0.8x | 0.6x | - | 0.9x | 2.0x | - | - |
| P / S | 3.8x | - | 6.7x | 3.4x | 2.6x | - | 4.3x | 7.8x | - | - |
| EV / EBITDA | - | - | - | - | 12.5x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.8% | - | 8.7% | 8.5% | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 0.8% | - | -9.4% | 5.1% | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | -120.5% | -60.3% | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | -4.2% | 94.4% | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | 83.3% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -19.7% | -20.5% | -7.9% | 20.9% | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.38B totalReportable Segment$1.38B · 100.0%
Product / service
$1.38B totalPaid Content$1.09B · 78.6%
Advertising$164.26M · 11.9%
IPAdaptations$130.95M · 9.5%
Geographic
$1.38B totalJP$681.82M · 49.3%
KR$522.03M · 37.8%
Rest Of The World$178.85M · 12.9%
Peer comparison
Same SIC group: Miscellaneous Publishing
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| MH | - | - | - |
Comparing WEBTOON Entertainment Inc. against the 1 most active filer in the same SIC group.