Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data WEBTOON Entertainment Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2024
FY2024
FY2025
Revenue
1,079
1,283
1,348
1,383
Cost of revenue
806
987
1,009
1,061
Gross profit
273
295
339
322
General and administrative
208
211
332
260
Operating income
-115
-36.4
-101
-63.5
Interest expense
0.84
0.08
0.05
0.06
Other non-operating income
0.94
-23.6
6.48
-9.81
Pre-tax income
-118
-133
-149
-389
Income tax
14.4
12
3.6
-16
Net income to minority interests
-2.65
-28.3
-9.01
-27.5
Net income
-130
-116
-144
-346
EBITDA
-80
2
-60.6
-28.1
EPS, basic
-1.22
-1.06
-1.21
-2.66
EPS, diluted
-1.22
-1.06
-1.21
-2.66
Shares, basic (weighted)
107
110
119
130
Shares, diluted (weighted)
107
110
119
130
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
280
232
572
582
Receivables
172
169
177
Other current assets
82.5
94.8
72.6
Total current assets
493
836
831
Property, plant and equipment
11.7
3.78
8.34
Lease right-of-use assets
29.5
16.6
23.7
Goodwill
884
779
665
337
Intangible assets
220
181
158
Other non-current assets
64.4
65.9
65.2
Total assets
1,777
1,935
1,596
Accounts payable
127
127
137
Accrued liabilities
62.8
62.2
66.7
Deferred revenue
76.7
85.9
90
Short-term debt
4.25
0
Total current liabilities
316
313
319
Long-term debt
0.03
0
Lease liabilities
19.2
11.2
14.1
Other non-current liabilities
9.32
2.16
3.74
Total liabilities
429
379
367
Total debt
0.1
0
Paid-in capital
1,667
2,104
2,138
Retained earnings
-363
-507
-853
Other comprehensive income
-54.8
-125
-114
Shareholders' equity
1,249
1,472
1,170
Minority interests
85.4
56.9
47.8
33.3
Total equity
1,469
1,306
1,520
1,204
Total liabilities and equity
1,777
1,935
1,596
Shares outstanding
110
129
131
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
-133
-145
-153
-373
Depreciation and amortization
34.7
38.4
40.1
35.4
Stock-based compensation
0
3.22
87.4
41.9
Deferred income tax
-7.15
-15.6
-24.5
-29
Change in receivables
41.8
30.9
-24.1
-0.87
Change in payables
-48.2
-7.58
26.2
3.42
Cash from operations
-141
14.8
17.9
11.2
Capital expenditures
-2.7
-10.2
-2.4
-7.62
Acquisitions
0
0
-0.15
Purchases of investments
0
-35.1
-77.4
-26.4
Cash from investing
-50.7
-52
-17.3
-7.5
Stock issued
0
0
26.8
0
Cash from financing
350
-6.5
354
1.47
Net change in cash
139
-48
341
9.4
Free cash flow
-143
4.61
15.5
3.6
Interest paid
0.7
0.09
0.09
0
Income taxes paid
29.4
26.6
25.7
24.7
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $11.04 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
24.4%
Gross profit / revenue.
Operating margin
-3.8%
Operating income / revenue.
EBITDA margin
-1.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-27.7%
Pre-tax income / revenue.
Net margin
-25.1%
Net income / revenue.
FCF margin
-0.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
0.4%
Cash from operations / revenue.
Return on equity (ROE)
-29.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-21.6%
Net income / average total assets.
Return on invested capital (ROIC)
-7.0%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
2.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.7%
Capital expenditures / revenue.
D&A / revenue
2.5%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
2.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
8.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-5.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
5.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-37.3%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-76.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-20.5%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-17.6%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
9.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
6.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.63x
Current assets / current liabilities.
Quick ratio
2.41x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.81x
(Cash + short-term investments) / current liabilities.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$2.54
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$10.12
Revenue / diluted weighted shares.
FCF per share
-$0.03
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.04
Cash from operations / diluted weighted shares.
Book value per share
$8.58
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.10x
Market cap / revenue.
P/B
1.29x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.17x
Market cap / tangible book value, when positive.
P/OCF
247x
Market cap / cash from operations, when positive.
EV/Sales
0.67x
Enterprise value / revenue.
FCF yield
-0.3%
Free cash flow / market cap.
Earnings yield
-23.0%
Net income / market cap (the inverse of P/E).
What was WEBTOON Entertainment Inc.'s revenue in fiscal 2025?
WEBTOON Entertainment Inc. reported revenue of $1.38B for fiscal 2025, 2.5% higher than the year before.
Was WEBTOON Entertainment Inc. profitable in fiscal 2025?
No. It reported a net loss of $345.9M.
How much free cash flow did WEBTOON Entertainment Inc. generate in fiscal 2025?
Cash from operations of $11.2M minus capital expenditures of $7.6M left free cash flow of $3.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.