WEBTOON Entertainment Inc. (WBTN)

Nasdaq: WBTN · Miscellaneous Publishing · Los Angeles, CA · filing with the SEC since 2023

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Grade4.3

◀ Past 5.7● Present 3.2▶ Future 4.3

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of WEBTOON Entertainment Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.3/10

◀ Past5.730% of the headline

● Present3.240% of the headline

▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.4/10

Has it survived what it has been through?

No warning events in its filings since 2023.

weight 33% of this tense · 74th percentile among 23 sector filers · read for itself

From the record

WEBTOON Entertainment Inc.'s filings since 2023 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

6.8/10

What has it actually done, year after year?

+8.6% a year over 4 filed years; profitable in 0 of 4.

weight 45% of this tense · 68th percentile among 21 sector filers · read for its customers

From the record

WEBTOON Entertainment Inc.'s 4 filed years say what it did: revenue went from $1.1 billion in fiscal 2022 to $1.4 billion in fiscal 2025, up 8.6% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 0 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span8.6%top 17% of its family
the share of years revenue rosetop 7% of its family
the share of filed years with a profitbottom 5% of its family
the deepest fall from a revenue peak0.0%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

0.8/10

How has it treated the people who own it?

Share count grew 6.9% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 8th percentile among 18 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, WEBTOON Entertainment Inc.'s diluted share count grew about 6.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-11-03 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 2% of its family
cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.6/10

Is it financially healthy right now?

ROE -29%: lost 29¢ per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 36th percentile among 22 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, WEBTOON Entertainment Inc. lost about 29 cents for every dollar of shareholders' money, and gross profitability: its products earned about 20 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count grew 9.2% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 7% of its family
return on equitybottom 18% of its family
gross profit against assetsbottom 16% of its family
the share count against the year beforebottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

4.3/10

How strong is its position in its industry?

bottom 43% of 21 in its family; net margin -25%.

weight 33% of this tense · 43rd percentile among 21 sector filers · read for its customers

From the record

WEBTOON Entertainment Inc.'s standing among 21 graded names in its industry family: revenue of $1.4 billion in fiscal 2025 ranks in the bottom 34% by size; a net margin of -25% ranks in the bottom 12%; revenue growth of 8.6% a year over the last 3 filed years ranks in the top 17% (its annual reports).

What it rests on

revenue against the family$1.38Bbottom 34% of its family
net margin-25.0%bottom 12% of its family
three-year revenue growth8.6%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

0.6/10

What are the people in charge doing?

SI estimate 0.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 6th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 6% of 16 in its family; the record of its people begins on 2024-06-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2024-06-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 16 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: WEBTOON Entertainment Inc.'s leadership is put at 0.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the bottom 6% of 16 in its family; the record of its people begins on 2024-06-26 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 2.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.1/10

How much room does it have to grow?

bottom 41% of 21 in its family for room to expand.

weight 45% of this tense · 41st percentile among 21 sector filers · read for itself

From the record

WEBTOON Entertainment Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $582 million against no long-term debt tagged leaves 36.5% of its assets as net cash, top 11% of its family; cash from operations less capital spending is 0.3% of revenue (bottom 17%); a gross margin of 23.3% (bottom 17%) (its annual report).

What it rests on

cash less debt against assets36.5%top 11% of its family
cash from operations less capital spending against revenue0.3%bottom 17% of its family
gross margin23.3%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.8/10

What could actually drive growth from here?

top 32% of 21 in its family for growth drivers.

weight 33% of this tense · 68th percentile among 21 sector filers · read for its customers

From the record

WEBTOON Entertainment Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 8.6% a year over the last three filed years against 8.6% over all 4, speeding up (top 42% of its family); the newest year grew 2.5% (top 45%); capital spending grew 41.4% a year (top 7%) (its annual reports). WEBTOON Entertainment Inc. reported 3 product lines in fiscal 2025: Paid Content at $1.1 billion (79%), Advertising at $164 million (12%), IP Adaptations at $131 million (10%); 2 of 3 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yeartop 42% of its family
the newest year's revenue growth2.5%top 45% of its family
three-year growth of capital spending41.4%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

0.8/10

Did its newest year beat what its own record pointed to?

bottom 8% of 20 in its family for expectations against reality.

weight 22% of this tense · 8th percentile among 20 sector filers · read for its shareholders

From the record

WEBTOON Entertainment Inc.'s newest year against its own record: revenue of $1.4 billion in fiscal 2025 came in 8.3% below the $1.5 billion its prior three years' pace pointed to (bottom 8% of its family); net income of $346 million against a prior three-year average of $130 million (bottom 8%); a net margin of -25% against -10.6% before (bottom 8%) (its annual reports).

What it rests on

revenue against the prior three years' pace-8.3%bottom 8% of its family
net income against the prior three years' average-166%bottom 8% of its family
net margin against its prior average-14.4 pointsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WBTN · research, not advice