Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

The table below summarizes the Company’s RSU activity for the three months ended March 31, 2026:


	Number of RSUs	Weighted Average Grant-Date Fair Value
Balance as of December 31, 2025	3,298,513	$	13.69
Granted	2,279,353	$	9.02
Forfeited	(71,174)	$	13.98
Vested	(1,235,795)	$	9.48
Balance as of March 31, 2026	4,270,897	$	12.41

Schedule of PSU and Phantom Unit Activity

The table below summarizes the Company’s PSU activity for the three months ended March 31, 2026:


	Number of PSUs	Weighted Average Grant-Date Fair Value
Balance as of December 31, 2025	—	$	—
Granted	267,720	$	13.27
Forfeited	—	$	—
Vested	—	$	—
Balance as of March 31, 2026	267,720	$	13.27

The following table summarizes the Company's Phantom Unit activity for the three months ended March 31, 2026:


	Number of Phantom Units	Weighted Average Grant-Date Fair Value
Balance as of December 31, 2025	328,748	$	9.04
Granted	—	$	—
Forfeited	(3,152)	$	9.04
Vested	(198,941)	$	9.04
Balance as of March 31, 2026	126,655	$	9.04

Schedule of Compensation Expenses for All Stock-Based Payment Arrangements

The following table summarizes the effects of all stock-based compensation in the Condensed Consolidated Statements of Operations and Comprehensive Loss for the periods presented:


	Three Months Ended
		March 31, 2026		March 31, 2025
	(in thousands of USD)
Cost of revenue		$	1,543	$	4,780
Marketing		212		836
General and administrative expenses		5,870		12,637
Total		$	7,625	$	18,253

WEBTOON Entertainment Inc. 10-Q