WEBTOON Entertainment Inc. (WBTN) Balance Sheet
WBTN balance sheet, 2025
December 31, 2025 · U.S. dollars$1.60B assets = $367.2M liabilities + $1.23B equity
Both columns are drawn to the same scale: what WBTN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WBTN financial health
Descriptive bands, not a rating. Fiscal 2025.
WBTN balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.02B2022 | $1.60B2025 | −7.6%/yr | |
| Total liabilities | $505.1M2022 | $367.2M2025 | −10.1%/yr | |
| Shareholders’ equity | $1.38B2022 | $1.17B2025 | −5.4%/yr | |
| Cash & short-term investments | $279.7M2022 | $581.8M2025 | +27.7%/yr | |
| Total debt | $53.6M2022 | $23.7M2025 | −23.8%/yr | |
| Net cash (debt) | $226.2M2022 | $558.1M2025 | +$332.0M | |
| Working capital | $219.2M2022 | $512.6M2025 | +$293.4M | |
| Book value per share | $10.882022 | $8.992025 | −6.2%/yr | |
| Current ratio | 1.652022 | 2.612025 | +0.96 | |
| Debt / equity | 0.042022 | 0.022025 | −0.02 | |
| Shares outstanding | 127.1M2022 | 130.2M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WBTN assets
WBTN liabilities and equity
WBTN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WBTN balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $581.8M | $598.7M | $251.6M | $279.7M |
| Cash & equivalents | $581.8M | $572.4M | $231.7M | $279.7M |
| Short-term investments | $10.8M | $26.3M | $19.9M | $0 |
| Receivables | $176.8M | $169.2M | $171.8M | $211.2M |
| Inventory | $0 | $0 | $8.2M | $2.8M |
| Other current assets | $72.6M | $68.5M | $61.2M | $61.7M |
| Total current assets | $831.2M | $836.4M | $492.8M | $555.4M |
| Property, plant & equipment (net) | $32.0M | $20.4M | $41.2M | $75.5M |
| Goodwill & intangible assets | $494.6M | $846.2M | $998.7M | $1.14B |
| Long-term investments | $150.1M | $148.8M | $155.5M | $185.9M |
| Other non-current assets | $87.5M | $83.5M | $88.5M | $65.8M |
| Total assets | $1.60B | $1.94B | $1.78B | $2.02B |
| Liabilities | ||||
| Accounts payable | $137.0M | $127.3M | $127.4M | $153.3M |
| Short-term debt | $9.6M | $6.1M | $14.2M | $22.9M |
| Deferred revenue | $90.0M | $85.9M | $76.7M | $77.1M |
| Total current liabilities | $318.6M | $313.2M | $316.1M | $336.2M |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $23.7M | $17.2M | $29.2M | $42.4M |
| Other long-term liabilities | $48.6M | $65.6M | $113.1M | $168.9M |
| Total liabilities | $367.2M | $378.9M | $429.1M | $505.1M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $13,000 | $13,000 | $11,000 | $32,000 |
| Retained earnings (deficit) | −$853.1M | −$507.2M | −$363.3M | −$212.0M |
| Accumulated other comprehensive income | −$114.4M | −$124.6M | −$54.8M | −$36.7M |
| Minority interest | $57.8M | $84.3M | $98.3M | $132.4M |
| Total shareholders' equity | $1.17B | $1.47B | $1.25B | $1.38B |
| Key figures | ||||
| Total debt | $23.7M | $17.2M | $33.4M | $53.6M |
| Net cash (debt) | $558.1M | $581.5M | $218.2M | $226.2M |
| Working capital | $512.6M | $523.1M | $176.8M | $219.2M |
| Tangible book value | $675.8M | $625.9M | $250.5M | $245.2M |
| Book value per share | $8.99 | $11.45 | $9.83 | $10.88 |
| Shares outstanding | 130.2M | 128.6M | 127.1M | 127.1M |
| Current ratio | 2.61 | 2.67 | 1.56 | 1.65 |
| Quick ratio | 2.38 | 2.45 | 1.34 | 1.46 |
| Debt / equity | 0.02 | 0.01 | 0.03 | 0.04 |
| Equity / assets | 73.4% | 76.1% | 70.3% | 68.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $583.1M | $594.9M | $581.8M | $584.6M | $593.6M | $578.3M | $598.7M | $610.4M | $595.0M | $218.7M | $251.6M |
| Cash & equivalents | $583.1M | $594.9M | $581.8M | $584.6M | $581.5M | $550.1M | $572.4M | $585.5M | $572.3M | $218.7M | $231.7M |
| Short-term investments | $11.2M | $11.1M | $10.8M | $12.5M | $12.1M | $28.1M | $26.3M | $24.8M | $22.7M | — | $19.9M |
| Receivables | $191.3M | $182.8M | $176.8M | $177.5M | $186.8M | $173.7M | $169.2M | $189.9M | $173.4M | $169.7M | $171.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.2M |
| Other current assets | $72.5M | $73.4M | $72.6M | $80.3M | $81.6M | $68.3M | $68.5M | $81.1M | $58.0M | $97.7M | $61.2M |
| Total current assets | $846.9M | $851.0M | $831.2M | $842.4M | $862.0M | $820.2M | $836.4M | $881.4M | $826.4M | $486.1M | $492.8M |
| Property, plant & equipment (net) | $35.1M | $31.1M | $32.0M | $34.6M | $31.6M | $30.8M | $20.4M | $25.8M | $17.3M | $36.4M | $41.2M |
| Goodwill & intangible assets | $472.9M | $481.8M | $494.6M | $846.2M | $861.7M | $846.8M | $846.2M | $957.3M | $935.7M | $956.5M | $998.7M |
| Long-term investments | $141.8M | $140.6M | $150.1M | $158.6M | $160.5M | $152.1M | $148.8M | $162.3M | $153.9M | $165.4M | $155.5M |
| Other non-current assets | $93.7M | $89.3M | $87.5M | $96.0M | $94.0M | $87.0M | $83.5M | $98.9M | $96.0M | $97.0M | $88.5M |
| Total assets | $1.59B | $1.59B | $1.60B | $1.98B | $2.01B | $1.94B | $1.94B | $2.13B | $2.03B | $1.74B | $1.78B |
| Liabilities | |||||||||||
| Accounts payable | $133.7M | $137.7M | $137.0M | $141.0M | $138.0M | $132.6M | $127.3M | $111.1M | $121.4M | $131.4M | $127.4M |
| Short-term debt | $8.1M | $8.7M | $9.6M | $9.6M | $9.0M | $8.0M | $6.1M | $6.1M | $4.9M | $13.0M | $14.2M |
| Deferred revenue | — | $94.6M | $90.0M | $88.2M | $103.7M | $85.7M | $85.9M | $107.5M | $97.5M | $95.8M | $76.7M |
| Total current liabilities | $321.6M | $312.8M | $318.6M | $334.3M | $339.8M | $312.2M | $313.2M | $354.0M | $342.2M | $312.0M | $316.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $22.6M | $20.4M | $23.7M | $26.3M | $27.7M | $27.8M | $17.2M | $17.3M | $7.7M | $25.7M | $29.2M |
| Other long-term liabilities | $47.1M | $45.7M | $48.6M | $68.7M | $72.0M | $72.1M | $65.6M | $61.1M | $76.1M | $106.7M | $113.1M |
| Total liabilities | $368.6M | $358.5M | $367.2M | $402.9M | $411.8M | $384.4M | $378.9M | $415.0M | $418.3M | $418.6M | $429.1M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $14,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $13,000 | $36,000 | $11,000 |
| Retained earnings (deficit) | −$877.8M | −$862.6M | −$853.1M | −$545.6M | −$533.9M | −$529.6M | −$507.2M | −$414.2M | −$434.0M | −$357.1M | −$363.3M |
| Accumulated other comprehensive income | −$145.8M | −$137.0M | −$114.4M | −$98.2M | −$78.1M | −$118.2M | −$124.6M | −$64.6M | −$104.0M | −$83.5M | −$54.8M |
| Minority interest | $57.6M | $57.4M | $57.8M | $87.2M | $87.2M | — | — | — | — | — | — |
| Total shareholders' equity | $1.16B | $1.18B | $1.17B | $1.49B | $1.51B | $1.47B | $1.47B | $1.61B | $1.52B | $1.23B | $1.25B |
| Key figures | |||||||||||
| Total debt | $22.6M | $20.4M | $23.7M | $26.3M | $27.7M | $27.8M | $17.2M | $17.3M | $7.7M | $29.3M | $33.4M |
| Net cash (debt) | $560.5M | $574.5M | $558.1M | $558.3M | $565.9M | $550.5M | $581.5M | $593.1M | $587.2M | $189.3M | $218.2M |
| Working capital | $525.4M | $538.2M | $512.6M | $508.2M | $522.2M | $508.0M | $523.1M | $527.5M | $484.2M | $174.1M | $176.8M |
| Tangible book value | $691.2M | $696.1M | $675.8M | $641.5M | $649.0M | $620.7M | $625.9M | $657.4M | $579.7M | $271.2M | $250.5M |
| Book value per share | $8.61 | $8.82 | $8.96 | $11.43 | $11.62 | $11.32 | $11.45 | $12.34 | $11.94 | $9.66 | $9.83 |
| Shares outstanding | 135.3M | 133.6M | 130.6M | 130.2M | 130.0M | 129.6M | 128.6M | 130.8M | 126.9M | 127.1M | 127.1M |
| Current ratio | 2.63 | 2.72 | 2.61 | 2.52 | 2.54 | 2.63 | 2.67 | 2.49 | 2.41 | 1.56 | 1.56 |
| Quick ratio | 2.41 | 2.49 | 2.38 | 2.28 | 2.30 | 2.41 | 2.45 | 2.26 | 2.25 | 1.25 | 1.34 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 |
| Equity / assets | 73.2% | 73.9% | 73.4% | 75.2% | 75.2% | 75.8% | 76.1% | 76.0% | 74.7% | 70.5% | 70.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
WBTN financial position
At the end of fiscal 2025 (December 31, 2025), WEBTOON Entertainment had total assets of $1.6 billion (down 17.6% from a year earlier), total liabilities of $367.2 million and shareholders' equity of $1.2 billion. It held $581.8 million in cash and short-term investments against $23.7 million of debt, a net cash position of $558.1 million. Its current ratio was 2.61. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $1.2 billion.
Related: WBTN income statement, WBTN cash flow statement, WBTN key metrics. See the WBTN stock overview for the latest quote and news.
WBTN balance sheet FAQ
What are WEBTOON Entertainment's total assets?
WEBTOON Entertainment reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.9 billion a year earlier.
How much debt does WEBTOON Entertainment have?
WEBTOON Entertainment had $23.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does WEBTOON Entertainment have?
WEBTOON Entertainment held $581.8 million in cash and short-term investments at the end of fiscal 2025; with $23.7 million of debt that is net cash of $558.1 million.
What is WEBTOON Entertainment's book value?
WEBTOON Entertainment's shareholders' equity (book value) was $1.2 billion at the end of fiscal 2025, or $8.99 per share.
What is WEBTOON Entertainment's current ratio?
WEBTOON Entertainment had current assets of $831.2 million and current liabilities of $318.6 million, a current ratio of 2.61 (it can cover its short-term obligations).
How much goodwill does WEBTOON Entertainment have?
WEBTOON Entertainment carried $494.6 million of goodwill and intangible assets, 31.0% of total assets, at the end of fiscal 2025.