WEBTOON Entertainment Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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, 2026 · Filed Nov 9, 2026
WBTN$9.92-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands of USD)
| For the Nine Months Ended | ||
|---|---|---|
| September 30, 2026 | September 30, 2025 | |
| Operating activities: | ||
| Net income (loss) | $(30,845) | $(36,902) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Provision for credit losses | 11 | 274 |
| Depreciation and amortization | 21,834 | 24,784 |
| Operating lease expense | 7,532 | 7,209 |
| Loss (gain) on foreign currency, net | 2,489 | (2,540) |
| Deferred tax benefit | 1,775 | (8,697) |
| Loss (Gain) on debt and equity securities, net | (452) | 4,016 |
| Change in severance benefit, net | 2,198 | 1,764 |
| (Gain) loss on equity method investments, net | (601) | (1,647) |
| Stock-based compensation expense | 27,408 | 35,123 |
| Other non-cash items | 624 | (7) |
| Changes in operating assets and liabilities | ||
| Changes in receivables | (21,121) | 995 |
| Changes in other assets | (9,319) | 230 |
| Changes in accounts payable | 2,655 | 2,764 |
| Changes in accrued expenses | (5,077) | (15,388) |
| Changes in contract liabilities | 6,457 | (1,856) |
| Changes in income tax receivable | (3,260) | (6,938) |
| Changes in other liabilities | (3,214) | 8,095 |
| Changes in operating lease liabilities | (7,092) | (5,507) |
| Other operating activities | — | (316) |
| Payments of severance benefits, net of cash transferred | (3,894) | (1,878) |
| Net cash (used in) provided by operating activities | $(11,892) | $3,578 |
| Investing activities: | ||
| Proceeds from maturities of short-term investments | 10,622 | 32,515 |
| Proceeds from sale of property and equipment | 136 | 253 |
| Purchases of property and equipment | (7,544) | (6,984) |
| Purchases of debt and equity securities | (651) | (6,664) |
| Proceeds from loan receivables | 5,449 | 1,379 |
| Payment made for short-term investments | (12,888) | (17,423) |
| Payment made for loan receivable | (68) | (909) |
| Purchases of intangible assets | (7,466) | (7,168) |
| Purchases of equity method investments | (45,326) | — |
| Acquisition of businesses, net of cash | — | (148) |
| Other investing activities | — | 120 |
| Net cash (used in) provided by investing activities | $(57,736) | $(5,029) |
| Financing activities: | ||
| Proceeds from issuance of common stock related to private placement, net | 32,682 | — |
| Other financing activities | (2,340) | — |
| Proceeds from stock option exercise | 309 | 1,264 |
| Proceeds from short-term borrowings | — | 143 |
| Net cash provided by financing activities | $30,651 | $1,407 |
|---|---|---|
| Effect of exchange rate changes on cash and cash equivalents | 5,609 | 12,217 |
| Cash and cash equivalents: | ||
| Net (decrease) increase in cash and cash equivalents | (33,368) | 12,173 |
| Cash and cash equivalents at beginning of the period | 581,806 | 572,402 |
| Cash and cash equivalents at end of the period | $548,438 | $584,575 |
| Supplemental disclosure: | ||
| Income taxes paid | $10,565 | $18,097 |
| Purchase of property and equipment included in accounts payable | $745 | $— |
| Purchase of intangible assets included in accounts payable | $48 | $— |
| Increase in right-of-use assets recognized from new lease agreements | $4,896 | $13,410 |
| Leasehold improvements funded directly by lessor (lease incentive) | $2,919 | $— |
| The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements. | ||
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