WBTN WEBTOON Entertainment Inc. - Common stock
NASDAQ · Media · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 10, 2026
$10.50
· of 52w range
· above low
· to high
$7.8552w low
$19.0152w high
Market Cap (MRQ)
$1.42B
P/E (TTM)
-4.0
EPS (TTM)
$-2.64
Revenue (TTM)
$1.37B
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52W Range
$8–$19
Analyst Rating
HOLD
Price Target
$11
P/E
-4.0
ROE
-25.7%
Net Profit Margin
-25.1%
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WBTN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.50
Market Cap (MRQ)
$1.42B
P/E (TTM)
-4.0
EPS (TTM)
$-2.64
Revenue (TTM)
$1.37B
ROE (TTM)
-25.7%
52W Range
$8–$19
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$1.38B2022-12-31 → 2025-12-31
EPS$-2.662022-12-31 → 2025-12-31
Free Cash Flow$4M2024-12-31 → 2025-12-31
Net margin-25.1%2024-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WBTN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -4.0 | · | · | · | |
| P/S (TTM) | 1.0 | · | 1.1 | Fair value | |
| P/B (MRQ) | 1.2 | · | 1.7 | Undervalued | |
| Price / FCF (TTM) | -354.8 | · | · | · | |
| Price / Cash Flow (TTM) | 234.7 | · | 6.8 | Overvalued | |
| Price / Tangible Book (MRQ) | 1.4 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WBTN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -3.8% | · | 8.6% | Weak | |
| EBITDA Margin (TTM) | -1.3% | · | 8.6% | Weak | |
| Pretax Margin (TTM) | -27.7% | · | 6.4% | Weak | |
| Net Profit Margin (TTM) | -25.1% | · | 8.4% | Weak | |
| ROA (TTM) | -19.1% | · | 8.5% | Weak | |
| ROE (TTM) | -25.7% | · | 14.1% | Weak | |
| ROIC | -5.2% | · | 11.8% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WBTN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.6 | · | 1.7 | Strong liquidity | |
| Quick Ratio | 2.4 | · | 1.5 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WBTN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 2.5%5Y avg ≈8.8% | ≈8.8% | · | · | |
| Revenue CAGR 3Y | 8.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WBTN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.8 | · | 0.8 | In line | |
| Receivables Turnover | 8.0 | · | 7.7 | In line | |
| Revenue / Employee | ≈$768.2K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-225.0%
Next Report
Nov 10, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 10, 2026 | $-0.11 | $-0.07 | -50.5% |
| March 31, 2026 | May 19, 2026 | $-0.07 | $-0.10 | 28.5% |
| Dec. 31, 2025 | $-2.36 | $-0.15 | -1425.5% | |
| Sept. 30, 2025 | $-0.09 | $-0.13 | 28.6% | |
| June 30, 2025 | $-0.03 | $-0.16 | 81.0% | |
| March 31, 2025 | $-0.17 | $-0.15 | -12.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $1.38B | $1.35B | $1.28B | $1.08B | |
| Cost of Revenue | $1.06B | $1.01B | $987M | $806M | |
| SG&A Expense | $260M | $332M | $211M | $208M | |
| Operating Income | $-64M | $-101M | $-36M | $-115M | |
| Other Non-op | $-10M | $6M | $-24M | $937.0K | |
| Pretax Income | $-389M | $-149M | $-133M | $-118M | |
| Income Tax | $-16M | $4M | $12M | $14M | |
| Net Income | $-346M | $-144M | $-116M | $-130M | |
| EPS (Basic) | $-2.66 | $-1.21 | $-1.06 | $-1.22 | |
| EPS (Diluted) | $-2.66 | $-1.21 | $-1.06 | $-1.22 | |
| Shares (Basic) | 130,177,475 | 119,231,997 | 109,505,150 | 106,501,020 | |
| Shares (Diluted) | 130,177,475 | 119,231,997 | 109,505,150 | 106,501,020 | |
| EBITDA | $-28M | $-61M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $582M | $572M | $232M | · | |
| Receivables | $177M | $169M | $172M | · | |
| Prepaid Expense | $73M | $95M | $82M | · | |
| Other Current Assets | · | · | $82M | · | |
| Current Assets | $831M | $836M | $493M | · | |
| PP&E (Net) | $8M | $4M | $12M | · | |
| PP&E (Gross) | $18M | $11M | $22M | · | |
| Accum. Depreciation | $9M | $8M | $11M | · | |
| Goodwill | $337M | $665M | $779M | $884M | |
| Intangibles | $158M | $181M | $220M | · | |
| Other Non-current Assets | $65M | $66M | $64M | · | |
| Total Assets | $1.60B | $1.94B | $1.78B | · | |
| Accounts Payable | $137M | $127M | $127M | · | |
| Accrued Liabilities | $67M | $62M | $63M | · | |
| Short-term Debt | · | $0 | $4M | · | |
| Current Liabilities | $319M | $313M | $316M | · | |
| Capital Leases | $14M | $11M | $19M | · | |
| Deferred Tax | $6M | $30M | $61M | · | |
| Other Non-current Liabilities | $4M | $2M | $9M | · | |
| Total Liabilities | $367M | $379M | $429M | · | |
| Long-term Debt | · | $0 | $95.0K | · | |
| Total Debt | · | $0 | · | · | |
| Common Stock | $13.0K | $13.0K | $11.0K | · | |
| Paid-in Capital | $2.14B | $2.10B | $1.67B | · | |
| Retained Earnings | $-853M | $-507M | $-363M | · | |
| AOCI | $-114M | $-125M | $-55M | · | |
| Stockholders' Equity | $1.17B | $1.47B | $1.25B | · | |
| Liabilities + Equity | $1.60B | $1.94B | $1.78B | · | |
| Shares Outstanding | 130,776,161 | 128,587,944 | 109,505,150 | 97,091,692 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $35M | $40M | $38M | $35M | |
| Stock-based Comp | $42M | $87M | $3M | $0 | |
| Deferred Tax | $-29M | $-25M | $-16M | $-7M | |
| Amort. of Intangibles | $33M | $37M | $34M | $32M | |
| Other Non-cash | $309M | $59M | · | · | |
| Operating Cash Flow | $11M | $18M | $15M | $-141M | |
| CapEx | $8M | $2M | $10M | $3M | |
| Investing Cash Flow | $-7M | $-17M | $-52M | $-51M | |
| Stock Issued | $0 | $27M | $0 | $0 | |
| Net Stock Activity | $0 | $27M | · | · | |
| Financing Cash Flow | $1M | $354M | $-6M | $350M | |
| Net Change in Cash | $9M | $341M | $-48M | $139M | |
| Taxes Paid | $25M | $26M | $27M | $29M | |
| Free Cash Flow | $4M | $15M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating Margin | -4.6% | -7.5% | · | · | |
| Net Margin | -25.0% | -10.7% | · | · | |
| Pretax Margin | -28.2% | -11.1% | · | · | |
| EBITDA Margin | -2.0% | -4.5% | · | · | |
| ROA | -19.6% | -7.8% | · | · | |
| ROE | -26.2% | -10.6% | · | · | |
| ROIC | -5.2% | -7.0% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 2.6 | 2.7 | · | · | |
| Quick Ratio | 2.4 | 2.4 | · | · | |
| Debt / Equity | · | 0.0 | · | · | |
| LT Debt / Equity | · | 0.0 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.7 | · | · | |
| Receivables Turnover | 8.0 | 7.9 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Book Value / Share | $8.95 | $11.45 | · | · | |
| Revenue / Share | $10.62 | $11.31 | · | · | |
| Cash Flow / Share | $0.09 | $0.15 | · | · | |
| Cash / Share | $4.45 | $4.45 | · | · | |
| EPS (TTM) | $-2.66 | $-1.21 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 2.5% | 5.1% | 18.8% | · | |
| Revenue CAGR 3Y | 8.6% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $1.38B | $1.35B | · | · | |
| Net Income TTM | $-346M | $-144M | · | · | |
| Market Cap | $1.70B | $1.75B | · | · | |
| Enterprise Value | · | $1.17B | · | · | |
| P/E | -4.9 | -11.2 | · | · | |
| P/S | 1.2 | 1.3 | · | · | |
| P/B | 1.5 | 1.2 | · | · | |
| P / Tangible Book | 2.5 | 2.8 | · | · | |
| P / Cash Flow | 151.9 | 97.6 | · | · | |
| P / FCF | 473.7 | 112.8 | · | · | |
| EV / EBITDA | · | -19.4 | · | · | |
| EV / FCF | · | 75.8 | · | · | |
| EV / Revenue | · | 0.9 | · | · | |
| Earnings Yield | -20.4% | -8.9% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $338M | $321M | $331M | $378M | $348M | $326M | $353M | $348M | $321M | $327M | $334M | $318M | $321M | |
| Cost of Revenue | $250M | $238M | $250M | $295M | $261M | $254M | $271M | $257M | $238M | $244M | $258M | $246M | $240M | |
| SG&A Expense | $65M | $61M | $65M | $62M | $65M | $67M | $78M | $67M | $139M | $49M | $55M | $46M | $53M | |
| Operating Income | $-16M | $-8M | $-13M | $-15M | $-9M | $-27M | $-28M | $-8M | $-79M | $14M | $-4M | $-7M | $-5M | |
| Interest Expense | · | · | · | · | · | · | · | $0 | $11.0K | · | · | $18.0K | $18.0K | |
| Interest Income | · | · | · | · | · | · | · | $7M | $2M | · | · | $913.0K | $1M | |
| Other Non-op | $2M | $-2M | $-9M | $-2M | $-1M | $3M | $-6M | $12M | $2M | $-1M | · | · | · | |
| Pretax Income | $-8M | $-6M | $-355M | $-10M | $-5M | $-19M | $-98M | $10M | $-75M | $13M | $-103M | $-6M | $-9M | |
| Income Tax | $7M | $3M | $-18M | $626.0K | $-832.0K | $3M | $5M | $-10M | $2M | $7M | $-8M | $6M | $11M | |
| Net Income | $-15M | $-9M | $-308M | $-12M | $-4M | $-22M | $-93M | $20M | $-77M | $6M | $-68M | $-11M | $-20M | |
| EPS (Basic) | $-0.11 | $-0.07 | $-2.37 | $-0.09 | $-0.03 | $-0.17 | $-0.72 | $0.15 | $-0.70 | $0.06 | $-0.62 | $-0.10 | $-0.18 | |
| EPS (Diluted) | $-0.11 | $-0.07 | $-2.37 | $-0.09 | $-0.03 | $-0.17 | $-0.72 | $0.15 | $-0.70 | $0.06 | $-0.62 | $-0.10 | $-0.18 | |
| Shares (Basic) | 135,250,711 | 133,618,587 | · | 130,644,101 | 130,358,706 | 129,598,942 | · | 128,327,971 | 110,102,868 | 109,505,160 | · | 109,505,150 | 109,505,150 | |
| Shares (Diluted) | 135,250,711 | 133,618,587 | · | 130,644,101 | 130,358,706 | 129,598,942 | · | 130,817,876 | 110,102,868 | 109,564,500 | · | 109,505,150 | 109,505,150 | |
| EBITDA | $-16M | $-33.0K | · | $-15M | $-9M | $-18M | · | $-8M | $-79M | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $583M | $595M | $582M | $585M | $582M | $550M | $572M | $586M | $572M | · | · | · | · | |
| Receivables | $191M | $183M | $177M | $177M | $187M | $174M | $169M | $190M | $173M | · | · | · | · | |
| Prepaid Expense | $72M | $73M | $73M | $80M | $94M | $96M | $95M | $14M | $13M | · | · | · | · | |
| Other Current Assets | · | · | · | · | · | · | · | $106M | $81M | · | · | · | · | |
| Current Assets | $847M | $851M | $831M | $842M | $862M | $820M | $836M | $881M | $826M | · | · | · | · | |
| PP&E (Net) | $12M | $11M | $8M | $9M | $5M | $4M | $4M | $8M | $9M | · | · | · | · | |
| PP&E (Gross) | $22M | $20M | $18M | $18M | · | · | $11M | · | · | · | · | · | · | |
| Accum. Depreciation | $9M | $10M | $9M | $9M | · | · | $8M | · | · | · | · | · | · | |
| Goodwill | $328M | $331M | $337M | $678M | $686M | $669M | $665M | $760M | $741M | · | $779M | · | · | |
| Intangibles | $144M | $151M | $158M | $168M | $176M | $178M | $181M | $198M | $194M | · | · | · | · | |
| Other Non-current Assets | $69M | $66M | $65M | $73M | $72M | $70M | $66M | $84M | $72M | · | · | · | · | |
| Total Assets | $1.59B | $1.59B | $1.60B | $1.98B | $2.01B | $1.94B | $1.94B | $2.13B | $2.03B | · | · | · | · | |
| Accounts Payable | $134M | $138M | $137M | $141M | $138M | $133M | $127M | $111M | $121M | · | · | · | · | |
| Accrued Liabilities | $61M | $54M | $67M | $72M | $67M | $59M | $62M | $96M | $88M | · | · | · | · | |
| Current Liabilities | $322M | $313M | $319M | $334M | $340M | $312M | $313M | $354M | $342M | · | · | · | · | |
| Capital Leases | $15M | $12M | $14M | $17M | $19M | $20M | $11M | $11M | $3M | · | · | · | · | |
| Deferred Tax | $6M | $6M | $6M | $26M | $28M | $29M | $30M | $27M | $52M | · | · | · | · | |
| Other Non-current Liabilities | $4M | $4M | $4M | $3M | $2M | $1M | $2M | $3M | $2M | · | · | · | · | |
| Total Liabilities | $369M | $359M | $367M | $403M | $412M | $384M | $379M | $415M | $418M | · | · | · | · | |
| Common Stock | $14.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | · | · | · | · | |
| Paid-in Capital | $2.19B | $2.18B | $2.14B | $2.13B | $2.12B | $2.12B | $2.10B | $2.09B | $2.05B | · | · | · | · | |
| Retained Earnings | $-878M | $-863M | $-853M | $-546M | $-534M | $-530M | $-507M | $-414M | $-434M | · | · | · | · | |
| AOCI | $-146M | $-137M | $-114M | $-98M | $-78M | $-118M | $-125M | $-65M | $-104M | · | · | · | · | |
| Stockholders' Equity | $1.16B | $1.18B | $1.17B | $1.49B | $1.51B | $1.47B | $1.47B | $1.61B | $1.52B | · | · | · | · | |
| Liabilities + Equity | $1.59B | $1.59B | $1.60B | $1.98B | $2.01B | $1.94B | $1.94B | $2.13B | $2.03B | · | · | · | · | |
| Shares Outstanding | 135,663,014 | 134,635,086 | 130,776,161 | 130,727,747 | 130,592,676 | 130,172,281 | 128,587,944 | 128,313,144 | 126,886,102 | · | 109,505,150 | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7M | $8M | $11M | $8M | $8M | $8M | $12M | $10M | $9M | $9M | · | $9M | · | |
| Stock-based Comp | $12M | $8M | $7M | $10M | $7M | $18M | $15M | $14M | $56M | $1M | $-1M | $1M | · | |
| Deferred Tax | $-622.0K | $-2M | $-20M | $-4M | $-4M | $-1M | $-837.0K | $-16M | $-6M | $-1M | $-14M | $-946.0K | · | |
| Other Non-cash | · | $-16M | · | · | · | $-22M | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-6M | $-12M | $8M | $17M | $6M | $-19M | $-9M | $4M | $-1M | $24M | $7M | $48M | · | |
| CapEx | $2M | $3M | $635.0K | $5M | $2M | $536.0K | $1M | $634.0K | $207.0K | $472.0K | $362.0K | $511.0K | · | |
| Investing Cash Flow | $-4M | $-7M | $-2M | $-11M | $14M | $-8M | $-6M | $-4M | $21M | $-28M | $-7M | $-20M | · | |
| Stock Issued | $0 | $33M | $0 | $0 | $0 | $0 | $0 | $-23M | · | · | · | · | · | |
| Net Stock Activity | · | $33M | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $307.0K | $33M | $59.0K | $1M | $147.0K | $82.0K | $199.0K | $18M | $337M | $-857.0K | $-100.0K | $2M | · | |
| Net Change in Cash | $-12M | $13M | $-3M | $3M | $31M | $-22M | $-13M | $13M | $354M | $-13M | $8M | $25M | · | |
| Taxes Paid | $3M | $3M | $7M | $4M | $7M | $7M | $2M | $8M | $4M | $12M | $8M | $0 | · | |
| Free Cash Flow | · | $-15M | · | · | · | $-19M | · | · | · | · | · | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -4.6% | -2.5% | · | -3.9% | -2.5% | -8.2% | · | -2.3% | -24.6% | · | · | · | · | |
| Net Margin | -4.5% | -2.9% | · | -3.1% | -1.2% | -6.9% | · | 5.7% | -23.9% | · | · | · | · | |
| Pretax Margin | -2.3% | -1.9% | · | -2.8% | -1.4% | -6.0% | · | 2.9% | -23.3% | · | · | · | · | |
| EBITDA Margin | -4.6% | -0.01% | · | -3.9% | -2.5% | -5.6% | · | -2.3% | -24.6% | · | · | · | · | |
| ROA | -0.85% | -0.54% | · | -0.57% | -0.21% | -2.3% | · | 1.9% | -7.6% | · | · | · | · | |
| ROE | -1.1% | -0.71% | · | -0.75% | -0.29% | -3.0% | · | 2.5% | -10.2% | · | · | · | · | |
| ROIC | -2.5% | -0.98% | · | -1.1% | -0.48% | -2.1% | · | -0.99% | -5.3% | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.6 | 2.7 | · | 2.5 | 2.5 | 2.6 | · | 2.5 | 2.4 | · | · | · | · | |
| Quick Ratio | 2.4 | 2.5 | · | 2.3 | 2.3 | 2.3 | · | 2.2 | 2.2 | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | -7190.5 | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | 0.3 | · | · | · | · | |
| Receivables Turnover | 1.8 | 1.8 | · | 2.1 | 1.9 | 3.8 | · | 3.7 | 3.7 | · | · | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $8.58 | $8.75 | · | $11.38 | $11.57 | $11.27 | · | $12.58 | $11.94 | · | · | · | · | |
| Revenue / Share | $2.50 | $2.40 | · | $2.89 | $2.67 | $2.51 | · | $2.66 | $2.92 | · | · | · | · | |
| Cash Flow / Share | · | $-0.09 | · | · | · | $-0.14 | · | · | · | · | · | · | · | |
| Cash / Share | $4.30 | $4.42 | · | $4.47 | $4.45 | $4.23 | · | $4.56 | $4.51 | · | · | · | · | |
| EPS (TTM) | $-2.64 | $-2.56 | · | $-1.01 | $-0.77 | $-1.44 | · | $-1.11 | $-1.36 | $-0.84 | · | · | · |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.37B | $1.38B | · | $1.40B | $1.37B | $1.35B | · | $1.33B | $1.30B | $1.30B | · | · | · | |
| Net Income TTM | $-344M | $-333M | · | $-131M | $-100M | $-172M | · | $-119M | $-149M | $-93M | · | · | · | |
| Market Cap | $1.55B | $1.24B | · | $2.54B | $1.19B | $998M | · | $1.47B | $2.90B | · | · | · | · | |
| P/E | -4.3 | -3.6 | · | -19.2 | -11.8 | -5.3 | · | -10.3 | -16.8 | · | · | · | · | |
| P/S | 1.1 | 0.9 | · | 1.8 | 0.9 | 0.7 | · | 1.1 | 2.2 | · | · | · | · | |
| P/B | 1.3 | 1.1 | · | 1.7 | 0.8 | 0.7 | · | 0.9 | 1.9 | · | · | · | · | |
| P / Tangible Book | 2.2 | 1.8 | · | 4.0 | 1.8 | 1.6 | · | 2.2 | 5.0 | · | · | · | · | |
| P / Cash Flow | · | -104.4 | · | · | · | -53.5 | · | · | · | · | · | · | · | |
| Earnings Yield | -23.1% | -27.9% | · | -5.2% | -8.5% | -18.8% | · | -9.7% | -6.0% | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $1.38B | $1.35B | $1.28B | $1.08B |
| Operating Margin % | -4.6% | -7.5% | · | · |
| Net Income | $-346M | $-144M | $-116M | $-130M |
| Diluted EPS | $-2.66 | $-1.21 | $-1.06 | $-1.22 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Debt / Equity | · | 0.0 | · | · |
| Current Ratio | 2.6 | 2.7 | · | · |
| Quick Ratio | 2.4 | 2.4 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $4M | $15M | · | · |
Institutional owners (13F) 109 filers · $645.4M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
109
Value held
$645.4M
New positions
17
Exited positions
13
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 17 (-13 vs prior Q) | 13 (-2 vs prior Q) | 50 (+16 vs prior Q) | 16 (-6 vs prior Q) | +1.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| SOFTBANK GROUP CORP. | $358,958,922 | 31,432,480 | 55.62% | Shares |
| FMR LLC | $174,547,859 | 15,284,401 | 27.04% | Shares |
| BlackRock, Inc. | $21,628,555 | 1,893,919 | 3.35% | Shares |
| MORGAN STANLEY | $16,175,493 | 1,416,418 | 2.51% | Shares |
| AMERIPRISE FINANCIAL INC | $12,427,633 | 1,088,234 | 1.93% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $7,309,963 | 640,012 | 1.13% | Shares |
| VANGUARD GROUP INC | $5,830,508 | 447,468 | 0.90% | Shares |
| ExodusPoint Capital Management, LP | $4,948,240 | 433,296 | 0.77% | Shares |
| STATE STREET CORP | $4,857,063 | 425,312 | 0.75% | Shares |
| Brandywine Global Investment Management, LLC | $3,903,097 | 299,547 | 0.60% | Shares |
| Creative Planning | $3,676,715 | 321,954 | 0.57% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,091,440 | 270,704 | 0.48% | Shares |
| NORTHERN TRUST CORP | $2,937,476 | 257,222 | 0.46% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,604,537 | 228,068 | 0.40% | Shares |
| JPMORGAN CHASE & CO | $1,971,153 | 163,717 | 0.31% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,796,720 | 157,331 | 0.28% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1,676,879 | 146,837 | 0.26% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,637,343 | 143,375 | 0.25% | Shares |
| GOLDMAN SACHS GROUP INC | $1,499,060 | 131,266 | 0.23% | Shares |
| UBS Group AG | $1,324,332 | 115,966 | 0.21% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,317,605 | 115,377 | 0.20% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,266,398 | 110,893 | 0.20% | Shares |
| Invesco Ltd. | $795,197 | 69,632 | 0.12% | Shares |
| Nuveen, LLC | $757,820 | 66,359 | 0.12% | Shares |
| Bank of New York Mellon Corp | $543,421 | 47,585 | 0.08% | Shares |
| PCM Encore, LLC | $543,101 | 47,557 | 0.08% | Shares |
| WOLVERINE TRADING, LLC | $532,710 | 27,000 | 0.08% | Put option |
| BANK OF AMERICA CORP /DE/ | $470,195 | 41,173 | 0.07% | Shares |
| D. E. Shaw & Co., Inc. | $435,228 | 38,111 | 0.07% | Shares |
| Jump Financial, LLC | $370,978 | 32,485 | 0.06% | Shares |
| Divisadero Street Capital Management, LP | $364,812 | 31,945 | 0.06% | Shares |
| RHUMBLINE ADVISERS | $361,754 | 31,678 | 0.06% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $356,064 | 31,179 | 0.06% | Shares |
| WOLVERINE TRADING, LLC | $306,229 | 15,521 | 0.05% | Shares |
| Sequoia Financial Advisors, LLC | $243,795 | 21,348 | 0.04% | Shares |
| DEUTSCHE BANK AG\ | $237,319 | 20,781 | 0.04% | Shares |
| WOLVERINE TRADING, LLC | $211,111 | 10,700 | 0.03% | Call option |
| ALLIANCEBERNSTEIN L.P. | $210,451 | 22,900 | 0.03% | Shares |
| WELLS FARGO & COMPANY/MN | $204,053 | 17,868 | 0.03% | Shares |
| Mariner, LLC | $185,631 | 16,256 | 0.03% | Shares |
| Pinnacle Wealth Planning Services, Inc. | $172,773 | 15,129 | 0.03% | Shares |
| Skopos Labs, Inc. | $163,619 | 17,804 | 0.03% | Shares |
| CITIGROUP INC | $155,460 | 13,613 | 0.02% | Shares |
| MetLife Investment Management, LLC | $151,817 | 13,294 | 0.02% | Shares |
| CITADEL ADVISORS LLC | $149,602 | 13,100 | 0.02% | Call option |
| IEQ CAPITAL, LLC | $148,631 | 13,015 | 0.02% | Shares |
| Abel Hall, LLC | $145,331 | 12,726 | 0.02% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $141,837 | 12,420 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $139,164 | 12,186 | 0.02% | Shares |
| Ballentine Partners, LLC | $138,867 | 12,160 | 0.02% | Shares |
Company insiders 7 insiders · 6 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Junkoo Kim | Founder, CEO and Chairman of the Board | April 26, 2026 F | 659,824 | 0 | 0 | $0 |
| David J. Lee | Chief Financial Officer and Director | Aug. 1, 2026 F | 218,632 | 0 | 0 | $0 |
| Yongsoo Kim | President and Director | May 28, 2026 F | 204,974 | 0 | 0 | $0 |
| Hyeeun Son | Chief Design Officer | March 26, 2026 A | 108,534 | 0 | 0 | $0 |
| Hyojung Kim | Chief Product Officer | March 26, 2026 A | 102,756 | 0 | 0 | $0 |
| Chankyu Park | Chief Technology Officer | March 7, 2025 A | 125,912 | 0 | 0 | $0 |
| Namsun Kim | Director | Aug. 21, 2024 P | 7,195 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 15 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FFEM · Fidelity Covington Trust | 0.30% | 20,347 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 9,549 SH | Oct. 2, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 18,552 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 46,768 SH | Oct. 2, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 123,430 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 554,723 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 10,183 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.00% | 4,139 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 3,290 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 162 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 228,068 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,393 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 201,443 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 980 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 2,642 SH | Sept. 11, 2026 | Daily |
WBTN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 14 analysts
BUY
Median target
$11.00
+4.8%
2 14.3%
Strong Buy
5 35.7%
Buy
7 50.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
7 analysts · 2026-10-01Mean target $11.29 +7.5%
Now
Current price $10.50
Low$10.00
Mean$11.29
High$13.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WBTN | $1.70B | -4.9 | 2.5% | -25.0% | -26.2% | · |
| CARG | · | 24.7 | 13.7% | 17.2% | 38.5% | 92.8% |
| DJT | · | -4.7 | · | · | · | · |
| GRND | $2.51B | 31.5 | 27.6% | 21.5% | 80.7% | · |
| ZD | $1.35B | 30.6 | 3.5% | 3.3% | 2.6% | · |
| YELP | $1.82B | 13.6 | 3.8% | 9.9% | 20.0% | · |
| GTM | $3.13B | 26.8 | 2.9% | 9.9% | 8.1% | 84.0% |
| TRIP | $1.67B | 47.0 | 3.0% | 2.1% | 6.3% | · |
| FUBO | $5.13B | -28.0 | 18.6% | -10.6% | -31.6% | · |
| NXDR | · | -15.0 | 4.2% | -21.0% | -12.6% | · |
| TBLA | · | · | · | · | · | · |
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Source: SEC 10-Q filed Aug 10, 2026