v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 583,145 $ 581,806
Receivables, net of allowance for credit losses of $1,917 and $3,378 at June 30, 2026, and December 31, 2025, respectively [1] 191,311 176,779
Prepaid expenses and other current assets, net [2] 72,473 72,647
Total current assets 846,929 831,232
Property and equipment, net 12,390 8,339
Operating lease right-of-use assets 22,674 23,705
Debt and equity securities 65,986 69,669
Intangible assets, net 144,459 157,804
Goodwill, net 328,462 336,825
Equity method investments 75,859 80,440
Deferred tax assets 24,641 22,302
Other non-current assets, net [3] 69,028 65,194
Total assets 1,590,428 1,595,510
Current liabilities:    
Accounts payable [4] 133,662 136,962
Accrued expenses [5] 60,940 66,690
Current portion of operating lease liabilities [6] 8,105 9,617
Contract liabilities 103,841 89,994
Taxes payable 4,080 4,136
Provisions and defined pension benefits 7,465 8,766
Other current liabilities 3,467 2,457
Total current liabilities 321,560 318,622
Non-current liabilities:    
Long-term operating lease liabilities [7] 14,525 14,055
Defined severance benefits 22,838 25,069
Deferred tax liabilities 6,100 5,755
Other non-current liabilities 3,619 3,737
Total liabilities 368,642 367,238
Commitments and Contingencies (Note 8)
Redeemable non-controlling interest in subsidiary 24,459 24,540
Stockholders' equity:    
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 13
Additional paid-in capital 2,187,794 2,137,926
Accumulated other comprehensive loss (145,831) (114,363)
Accumulated deficit (877,827) (853,124)
Total stockholders' equity attributable to WEBTOON Entertainment Inc. 1,164,150 1,170,452
Non-controlling interests in consolidated subsidiaries 33,177 33,280
Total equity 1,197,327 1,203,732
Total liabilities, redeemable non-controlling interest, and equity $ 1,590,428 $ 1,595,510
[1] Includes amounts due from related parties of $59,283 and $55,156 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[2] Includes amounts due from related parties of $4,881 and $4,730 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[3] Includes amounts due from related parties of $33,529 and $33,913 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[4] Includes amounts due to related parties of $20,010 and $18,765 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[5] Includes amounts due to related parties of $5,898 and $6,849 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[6]
6.Includes amounts due to related parties of $4,866 and $5,221 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)
[7] Includes amounts due to related parties of $2,714 and $5,371 as of June 30, 2026, and December 31, 2025, respectively. (See Note 15. Related Party Transactions)