WEBTOON Entertainment Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| As of | ||
|---|---|---|
| September 30,2025 | December 31,2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $584,575 | $572,402 |
| Receivables1, net of allowance for credit losses of $3,405 and $3,418 at September 30, 2025 and December 31, 2024, respectively | 177,493 | 169,187 |
| Prepaid expenses and other current assets, net2 | 80,346 | 94,783 |
| Total current assets | 842,414 | 836,372 |
| Property and equipment, net | 8,651 | 3,782 |
| Operating lease right-of-use assets | 25,944 | 16,649 |
| Debt and equity securities | 75,513 | 70,178 |
| Intangible assets, net | 168,085 | 180,912 |
| Goodwill, net | 678,118 | 665,275 |
| Equity method investments | 83,128 | 78,668 |
| Deferred tax assets | 22,725 | 17,592 |
| Other non-current assets, net3 | 73,293 | 65,906 |
| Total assets | $1,977,871 | $1,935,334 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Accounts payable4 | $140,971 | $127,306 |
| Accrued expenses5 | 71,521 | 62,209 |
| Current portion of operating lease liabilities6 | 9,563 | 6,053 |
| Contract liabilities7 | 88,215 | 85,860 |
| Income tax payables - corporate tax | 4,743 | 10,093 |
| Consumption taxes payables | 3,625 | 8,339 |
| Provisions and defined pension benefits | 13,367 | 11,133 |
| Other current liabilities | 2,255 | 2,231 |
| Total current liabilities | 334,260 | 313,224 |
| Non-current liabilities: | ||
| Long-term operating lease liabilities8 | 16,733 | 11,187 |
| Defined severance benefits | 22,613 | 22,030 |
| Deferred tax liabilities | 25,932 | 30,271 |
| Other non-current liabilities | 3,397 | 2,161 |
| Total liabilities | $402,935 | $378,873 |
| Commitments and Contingencies (Note 7) | ||
| Redeemable non-controlling interest in subsidiary | $37,632 | $36,580 |
| Stockholders' equity: | ||
| Common stock, $0.0001 par value (2,000,000,000 authorized, 130,727,747 shares and 128,587,944 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively) | $13 | $13 |
| Additional paid-in capital | 2,131,518 | 2,103,931 |
| Accumulated other comprehensive loss | (98,247) | (124,620) |
| Accumulated deficit | (545,559) | (507,197) |
|---|---|---|
| Total stockholders' equity attributable to WEBTOON Entertainment Inc. | 1,487,725 | 1,472,127 |
| Non-controlling interests in consolidated subsidiaries | 49,579 | 47,754 |
| Total equity | 1,537,304 | 1,519,881 |
| Total liabilities, redeemable non-controlling interest, and equity | $1,977,871 | $1,935,334 |
Includes amounts due from related parties of $55,054 and $59,495 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due from related parties of $5,500 and $9,258 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due from related parties of $34,046 and $32,072 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due to related parties of $18,986 and $17,173 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due to related parties of $6,622 and $5,562 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due to related parties of $5,360 and $3,506 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due to related parties of $107 and $— as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts due to related parties of $6,734 and $9,519 as of September 30, 2025, and December 31, 2024, respectively. (See Note 13. Related Party Transactions)
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