v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 594,852 $ 581,806
Receivables, net of allowance for credit losses of $1,703 and $3,378 at March 31, 2026, and December 31, 2025, respectively [1] 182,781 176,779
Prepaid expenses and other current assets, net [2] 73,369 72,647
Total current assets 851,002 831,232
Property and equipment, net 10,594 8,339
Operating lease right-of-use assets 20,510 23,705
Debt and equity securities 64,348 69,669
Intangible assets, net 150,923 157,804
Goodwill, net 330,832 336,825
Equity method investments 76,212 80,440
Deferred tax assets 23,643 22,302
Other non-current assets, net [3] 65,681 65,194
Total assets 1,593,745 1,595,510
Current liabilities:    
Accounts payable [4] 137,695 136,962
Accrued expenses [5] 53,837 66,690
Current portion of operating lease liabilities [6] 8,679 9,617
Contract liabilities 94,640 89,994
Taxes payable 7,000 4,136
Provisions and defined pension benefits 7,013 8,766
Other current liabilities 3,913 2,457
Total current liabilities 312,777 318,622
Non-current liabilities:    
Long-term operating lease liabilities [7] 11,673 14,055
Defined severance benefits 24,502 25,069
Deferred tax liabilities 5,879 5,755
Other non-current liabilities 3,683 3,737
Total liabilities 358,514 367,238
Commitments and Contingencies (Note 8)
Redeemable non-controlling interest in subsidiary 24,336 24,540
Stockholders' equity:    
Common stock, $0.0001 par value (2,000,000,000 authorized, 134,635,086 shares and 130,776,161 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively) 13 13
Additional paid-in capital 2,177,445 2,137,926
Accumulated other comprehensive loss (137,007) (114,363)
Accumulated deficit (862,579) (853,124)
Total stockholders' equity attributable to WEBTOON Entertainment Inc. 1,177,872 1,170,452
Non-controlling interests in consolidated subsidiaries 33,023 33,280
Total equity 1,210,895 1,203,732
Total liabilities, redeemable non-controlling interest, and equity $ 1,593,745 $ 1,595,510
[1] Includes amounts due from related parties of $54,303 and $55,156 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[2] Includes amounts due from related parties of $4,053 and $4,730 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[3] Includes amounts due from related parties of $33,786 and $33,913 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[4] Includes amounts due to related parties of $24,207 and $18,765 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[5] Includes amounts due to related parties of $6,048 and $6,849 as of March 31, 2026, and December 31, 2025, respectively.
[6]
6.Includes amounts due to related parties of $4,953 and $5,221 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[7] Includes amounts due to related parties of $3,933 and $5,371 as of March 31, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)