WEBTOON Entertainment (WBTN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

WEBTOON Entertainment

NasdaqGS•Communication Services•Internet Content & Information

$9.97-0.02(<0.01%)Market closed

Market Cap

$1.40B

P/S

1.0x

P/B

1.2x

WEBTOON Entertainment Inc. operates a storytelling platform in the United States, Korea, Japan, and internationally. Its platform allows a community of creators and users to discover, create, and share new content. The company's platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novel platforms, optimized for reading serialized text-based content. It also provides hosting services for web-comics through web and mobile applications, and paid content, advertising and IP adaptations. The company was founded in 2005 and is headquartered in Los Angeles, California. WEBTOON Entertainment Inc. is a subsidiary of NAVER Corporation.

How this company scores

WeakMetricSide Score: 27/100

Grade capped at D — Interest coverage below 1× (-760.5x) — earnings cannot cover interest. Strongest: Profitability (8/25); weakest: Growth (4/25).

Profitability8/25

Growth4/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality8/25

Strengths

Long cash runwayNet cash position

Grade capped at D

Interest coverage below 1× (-760.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 1.0x5y range 0.6x – 1.5x

Currently near its 6-quarter median.

P/B · 1.2x5y range 0.7x – 1.7x

Currently near its 9-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.37B
Q. Revenue: $338.46M
TTM EBITDA: $-17.79M
TTM Op. Income: $-51.71M
Q. Op. Income: $-15.57M
TTM Net Income: $-343.92M
Q. Net Income: $-15.25M
EPS: $-0.11
Shares Out.: $135.25M

$1.37B in TTM revenue declined 19.6% YoY, reaching $338.46M last quarter. TTM EBITDA of $-17.79M and TTM operating income of $-51.71M show growth is flowing through to the bottom line. However, net income is negative at $343.92M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 3 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 26.0%
EBITDA Margin: -2.4%
Op. Margin: -4.6%
Net Margin: -4.5%

Op. margin of -4.6% is down 2.1% YoY — costs are rising relative to revenue. Net margin at -4.5% and gross margin of 26.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 83% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.0x
P/B Ratio: 1.2x

P/S of 1.0x and P/B of 1.2x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.59B
Cash: $583.14M
Long-Term Debt: N/A
Book Value: $1.16B
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-6.25M
TTM Free Cash Flow: $-4.01M
FCF Margin: -0.3%
FCF / Net Income: 0.0

TTM FCF of $-4.01M on $-6.25M in operating cash flow. The FCF / Net Income ratio of 0.0x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 81% — a weakening trend.