WBTN WEBTOON Entertainment Inc. - Common stock
$8.43
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$8–$22
4% of range
Analyst Rating
HOLD
14 analysts
Price Target
$12
+42% upside
P/E (TTM)
-3.3
ROE
-26.2%
Net Profit Margin
-25.0%
WBTN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.43
Market Cap
$1.13B
P/E (TTM)
-3.3
EPS (TTM)
$-2.66
Revenue (TTM)
$1.38B
Div Yield
—
ROE
-26.2%
Debt/Equity
—
52W Range
$8 – $22
WBTN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.38B
2022-12-31
→
2025-12-31
EPS
$-2.66
2022-12-31
→
2025-12-31
Free Cash Flow
$4M
2024-12-31
→
2025-12-31
Margins
-25.0%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
WBTN
Peer Median
P/E (TTM)
-3.3
10.5
P/S (TTM)
0.8
0.9
P/B
1.0
2.4
Price / FCF
315.5
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
WBTN
Peer Median
Operating Margin
-4.6%
—
Net Profit Margin
-25.0%
3.5%
ROA
-19.6%
2.1%
ROE
-26.2%
5.5%
ROIC
-5.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
WBTN
Peer Median
Current Ratio
2.6
1.6
Quick Ratio
2.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
WBTN
Peer Median
Revenue YoY
2.5%
—
Revenue CAGR 3Y
8.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
WBTN
Peer Median
WBTN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 2 14.3%
- Buy 5 35.7%
- Hold 7 50.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-13
Median
$12.00
← Below all targets
$8.43
Low
$10.00
High
$15.00
Median target
$12.00
+42.3%
Mean target
$12.00
+42.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.32%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.04 | $-0.07 | 0.11% |
| March 31, 2026 | $-0.07 | $-0.10 | 0.03% |
| Dec. 31, 2025 | $-2.36 | $-0.15 | -2.2% |
| Sept. 30, 2025 | $-0.09 | $-0.13 | 0.04% |
| June 30, 2025 | $-0.03 | $-0.16 | 0.13% |
| March 31, 2025 | $-0.17 | $-0.15 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WBTN | $1.70B | -4.9 | 2.5% | -25.0% | -26.2% | — |
| GRND | $2.51B | 31.5 | 27.6% | 21.5% | 80.7% | — |
| DJT | — | -4.7 | — | — | — | — |
| ZD | $1.35B | 30.6 | 3.5% | 3.3% | 2.6% | — |
| YELP | $1.82B | 13.6 | 3.8% | 9.9% | 20.0% | — |
| TRIP | $1.67B | 47.0 | 3.0% | 2.1% | 6.3% | — |
| QNST | $920M | 201.2 | 78.3% | 0.43% | 2.0% | 10.1% |
| GTM | $3.13B | 26.8 | 2.9% | 9.9% | 8.1% | 84.0% |
| FUBO | $5.13B | -28.0 | 18.6% | -10.6% | -31.6% | — |
| TBLA | — | — | — | — | — | — |
| NXDR | — | -15.0 | 4.2% | -21.0% | -12.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| 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 29
| 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 14
| 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 7
| 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 4
| 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 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.7 | · | · | |
| Receivables Turnover | 8.0 | 7.9 | · | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 2.5% | 5.1% | 18.8% | · | |
| Revenue CAGR 3Y | 8.6% | · | · | · |
Valuation (TTM) 14
| 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 15
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $338M | $321M | $331M | $378M | $348M | $326M | $353M | $348M | $321M | $327M | $334M | $318M | |
| Cost of Revenue | $250M | $238M | $250M | $295M | $261M | $254M | $271M | $257M | $238M | $244M | $258M | $246M | |
| SG&A Expense | $65M | $61M | $65M | $62M | $65M | $67M | $78M | $67M | $139M | $49M | $55M | $46M | |
| Operating Income | $-16M | $-8M | $-13M | $-15M | $-9M | $-27M | $-28M | $-8M | $-79M | $14M | $-4M | $-7M | |
| Interest Expense | · | · | · | · | · | · | · | $0 | $11.0K | · | · | $18.0K | |
| Interest Income | · | · | · | · | · | · | · | $7M | $2M | · | · | $913.0K | |
| 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 | |
| Income Tax | $7M | $3M | $-18M | $626.0K | $-832.0K | $3M | $5M | $-10M | $2M | $7M | $-8M | $6M | |
| Net Income | $-15M | $-9M | $-308M | $-12M | $-4M | $-22M | $-93M | $20M | $-77M | $6M | $-68M | $-11M | |
| 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 | |
| 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 | |
| Shares (Basic) | 135,250,711 | 133,618,587 | -260,424,274 | 130,644,101 | 130,358,706 | 129,598,942 | -228,704,002 | 128,327,971 | 110,102,868 | 109,505,160 | 0 | 109,505,150 | |
| Shares (Diluted) | 135,250,711 | 133,618,587 | -260,424,274 | 130,644,101 | 130,358,706 | 129,598,942 | -231,253,247 | 130,817,876 | 110,102,868 | 109,564,500 | 0 | 109,505,150 | |
| EBITDA | $-16M | $-33.0K | · | $-15M | $-9M | $-18M | · | $-8M | $-79M | · | · | · |
Balance Sheet 26
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 13
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 7
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 2
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | · | · | · |
Valuation (TTM) 10
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.39B | $1.37B | · | $1.40B | $1.34B | $1.32B | · | $1.31B | $1.29B | · | · | · | |
| Net Income TTM | $-41M | $-48M | · | $-19M | $-84M | $-73M | · | $-62M | $-102M | · | · | · | |
| Market Cap | $1.55B | $1.24B | · | $2.54B | $1.19B | $998M | · | $1.47B | $2.90B | · | · | · | |
| P/E | -38.1 | -25.5 | · | -138.6 | -12.1 | -11.6 | · | -19.4 | -24.8 | · | · | · | |
| P/S | 1.1 | 0.9 | · | 1.8 | 0.9 | 0.8 | · | 1.1 | 2.3 | · | · | · | |
| 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 | · | · | · | · | · | · | |
| P / FCF | · | -82.5 | · | · | · | -52.0 | · | · | · | · | · | · | |
| Earnings Yield | -2.6% | -3.9% | · | -0.72% | -8.3% | -8.6% | · | -5.2% | -4.0% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 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 |
Balance Sheet
| 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 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $4M | $15M | — | — |
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Institutional owners (13F) 112 filers · $541.4M 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 24 (-5 vs prior Q) | 12 (-3 vs prior Q) | 43 (+11 vs prior Q) | 17 (-4 vs prior Q) | +275K |
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 | 66.30% | Shares |
| FMR LLC | $123,832,747 | 10,843,498 | 22.87% | Shares |
| AMERIPRISE FINANCIAL INC | $12,427,633 | 1,088,234 | 2.30% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,471,393 | 566,582 | 1.20% | Shares |
| MORGAN STANLEY | $4,952,820 | 433,697 | 0.91% | Shares |
| ExodusPoint Capital Management, LP | $4,948,240 | 433,296 | 0.91% | Shares |
| STATE STREET CORP | $4,857,063 | 425,312 | 0.90% | Shares |
| Brandywine Global Investment Management, LLC | $3,903,097 | 299,547 | 0.72% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,091,440 | 270,704 | 0.57% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,604,537 | 228,068 | 0.48% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,796,720 | 157,331 | 0.33% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,637,343 | 143,375 | 0.30% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,317,605 | 115,377 | 0.24% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,266,398 | 110,893 | 0.23% | Shares |
| GOLDMAN SACHS GROUP INC | $825,166 | 72,256 | 0.15% | Shares |
| PCM Encore, LLC | $543,101 | 47,557 | 0.10% | Shares |
| WOLVERINE TRADING, LLC | $532,710 | 27,000 | 0.10% | Put option |
| D. E. Shaw & Co., Inc. | $435,228 | 38,111 | 0.08% | Shares |
| Divisadero Street Capital Management, LP | $364,812 | 31,945 | 0.07% | Shares |
| RHUMBLINE ADVISERS | $361,754 | 31,678 | 0.07% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $356,064 | 31,179 | 0.07% | Shares |
| Nuveen, LLC | $310,773 | 27,213 | 0.06% | Shares |
| WOLVERINE TRADING, LLC | $306,229 | 15,521 | 0.06% | Shares |
| Nuveen Asset Management, LLC | $257,083 | 18,931 | 0.05% | Shares |
| Sequoia Financial Advisors, LLC | $243,795 | 21,348 | 0.05% | Shares |
| DEUTSCHE BANK AG\ | $237,319 | 20,781 | 0.04% | Shares |
| WOLVERINE TRADING, LLC | $211,111 | 10,700 | 0.04% | Call option |
| ALLIANCEBERNSTEIN L.P. | $210,451 | 22,900 | 0.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $207,535 | 18,173 | 0.04% | Shares |
| WELLS FARGO & COMPANY/MN | $203,710 | 17,838 | 0.04% | Shares |
| JPMORGAN CHASE & CO | $193,230 | 16,049 | 0.04% | Shares |
| Mariner, LLC | $185,631 | 16,256 | 0.03% | Shares |
| Bank of New York Mellon Corp | $179,203 | 15,692 | 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 |
| MetLife Investment Management, LLC | $151,817 | 13,294 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $149,602 | 13,100 | 0.03% | Call option |
| IEQ CAPITAL, LLC | $148,631 | 13,015 | 0.03% | Shares |
| Abel Hall, LLC | $145,331 | 12,726 | 0.03% | Shares |
| CITIGROUP INC | $139,141 | 12,184 | 0.03% | Shares |
| Ballentine Partners, LLC | $138,867 | 12,160 | 0.03% | Shares |
| BlackRock, Inc. | $117,580 | 10,296 | 0.02% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $117,203 | 10,263 | 0.02% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $114,531 | 10,029 | 0.02% | Shares |
| VANGUARD GROUP INC | $112,605 | 8,642 | 0.02% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $111,996 | 9,807 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $104,253 | 9,129 | 0.02% | Shares |
| Vanguard Global Advisers, LLC | $98,692 | 8,642 | 0.02% | Shares |
| Invesco Ltd. | $95,711 | 8,381 | 0.02% | Shares |
| SIGNATUREFD, LLC | $94,569 | 8,281 | 0.02% | Shares |
| Aquatic Capital Management LLC | $91,291 | 7,994 | 0.02% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $90,561 | 7,930 | 0.02% | Shares |
| CWM, LLC | $89,088 | 9,694 | 0.02% | Shares |
| Generali Investments Towarzystwo Funduszy Inwestycyjnych | $74,230 | 6,500 | 0.01% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $59,544 | 5,214 | 0.01% | Shares |
| Police & Firemen's Retirement System of New Jersey | $53,503 | 4,685 | 0.01% | Shares |
| SIMPLEX TRADING, LLC | $53,491 | 4,684 | 0.01% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $50,248 | 4,400 | 0.01% | Shares |
| NORTHERN TRUST CORP | $37,972 | 3,325 | 0.01% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $37,766 | 3,307 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $32,399 | 2,837 | 0.01% | Shares |
| BARCLAYS PLC | $31,256 | 2,737 | 0.01% | Shares |
| Creative Planning | $23,902 | 2,093 | 0.00% | Shares |
| Legal & General Group Plc | $23,832 | 2,085 | 0.00% | Shares |
| UBS Group AG | $23,160 | 2,028 | 0.00% | Shares |
| Parallel Advisors, LLC | $22,692 | 1,987 | 0.00% | Shares |
| Allworth Financial LP | $20,556 | 1,800 | 0.00% | Shares |
| MassMutual Private Wealth & Trust, FSB | $18,763 | 1,643 | 0.00% | Shares |
| Ameritas Investment Partners, Inc. | $17,518 | 1,534 | 0.00% | Shares |
| Arax Advisory Partners | $13,966 | 1,223 | 0.00% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $13,213 | 1,157 | 0.00% | Shares |
| SBI Securities Co., Ltd. | $10,815 | 947 | 0.00% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $8,923 | 971 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $8,803 | 771 | 0.00% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $8,748 | 766 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $7,000 | 645 | 0.00% | Shares |
| Integrated Wealth Concepts LLC | $6,591 | 577 | 0.00% | Shares |
| US BANCORP \DE\ | $6,532 | 572 | 0.00% | Shares |
| Sterling Capital Management LLC | $4,899 | 429 | 0.00% | Shares |
| Essential Partners LLC | $4,203 | 368 | 0.00% | Shares |
| GAMMA Investing LLC | $3,917 | 343 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $3,251 | 284 | 0.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $3,024 | 329 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $2,684 | 230 | 0.00% | Shares |
| SEI INVESTMENTS CO | $2,170 | 190 | 0.00% | Shares |
| Optiver Holding B.V. | $2,078 | 182 | 0.00% | Shares |
| Physician Wealth Advisors, Inc. | $1,942 | 170 | 0.00% | Shares |
| Owl Creek Wealth Partners LLC | $1,771 | 155 | 0.00% | Shares |
| Rockefeller Capital Management L.P. | $1,747 | 153 | 0.00% | Shares |
| PNC Financial Services Group, Inc. | $1,622 | 142 | 0.00% | Shares |
| COMERICA BANK | $1,525 | 117 | 0.00% | Shares |
| Torren Management, LLC | $1,424 | 155 | 0.00% | Shares |
| IFP Advisors, Inc | $1,393 | 122 | 0.00% | Shares |
| Aster Capital Management (DIFC) Ltd | $1,245 | 109 | 0.00% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $925 | 81 | 0.00% | Shares |
| EverSource Wealth Advisors, LLC | $640 | 56 | 0.00% | Shares |
| Bare Financial Services, Inc | $628 | 55 | 0.00% | Shares |
| Investors Portfolio Services LLC | $537 | 47 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $491 | 43 | 0.00% | Shares |
| Jump Financial, LLC | $445 | 39 | 0.00% | Shares |
Company insiders 2 insiders · 2 officers · 2 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Junkoo Kim | Founder, CEO and Chairman of the Board | Jan. 30, 2025 F | 487,440 | 0 | 0 | $0 |
| David J. Lee | Chief Financial Officer and Director | Aug. 1, 2026 F | 218,632 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 26 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 | 0.24% | 7,560 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.04% | 98,282 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 23,293 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 61,661 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 7,891 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 845 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 87,650 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 661 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 667 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 626 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 17 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 2,823 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 3,290 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 9,000 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 154 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCG · iShares Trust | — | — | July 21, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |