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Midas Edge

WEBTOON Entertainment Inc.

For the period ended Mar 31, 2026. Filed May 11, 2026.

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About 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.

Mar 31, 2026 · Filed May 11, 2026

WBTN$9.93+2.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

As of
March 31,2026December 31,2025
Assets
Current assets:
Cash and cash equivalents$594,852$581,806
Receivables1, net of allowance for credit losses of $1,703 and $3,378 at March 31, 2026, and December 31, 2025, respectively182,781176,779
Prepaid expenses and other current assets, net273,36972,647
Total current assets851,002831,232
Property and equipment, net10,5948,339
Operating lease right-of-use assets20,51023,705
Debt and equity securities64,34869,669
Intangible assets, net150,923157,804
Goodwill, net330,832336,825
Equity method investments76,21280,440
Deferred tax assets23,64322,302
Other non-current assets, net365,68165,194
Total assets$1,593,745$1,595,510
Liabilities and equity
Current liabilities:
Accounts payable4$137,695$136,962
Accrued expenses553,83766,690
Current portion of operating lease liabilities68,6799,617
Contract liabilities94,64089,994
Taxes payable7,0004,136
Provisions and defined pension benefits7,0138,766
Other current liabilities3,9132,457
Total current liabilities312,777318,622
Non-current liabilities:
Long-term operating lease liabilities711,67314,055
Defined severance benefits24,50225,069
Deferred tax liabilities5,8795,755
Other non-current liabilities3,6833,737
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 capital2,177,4452,137,926
Accumulated other comprehensive loss(137,007)(114,363)
Accumulated deficit(862,579)(853,124)
Total stockholders' equity attributable to WEBTOON Entertainment Inc.1,177,8721,170,452
Non-controlling interests in consolidated subsidiaries33,02333,280
Total equity1,210,8951,203,732
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. (See Note 15. Related Party Transactions)

  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)

The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.