Wetouch Technology (WETH) Financial Statements & Analysis

Wetouch Technology (WETH) Income Statement

Wetouch Technology reported revenue of $45.14M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.8% from $42.28M a year earlier. Net income was $7.16M, up 18.7% year over year, a net margin of 15.9%. Gross margin was 31.8% and operating margin 22.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $14.00M, up 12.7% from the same quarter a year earlier.

Wetouch Technology Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Wetouch Technology Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	45.14	42.28	39.71	37.92	40.79	31.35	40.00
Cost of Revenue	30.77	28.67	22.52	23.87	22.35	15.74	21.30
Gross Profit	14.37	13.61	17.19	14.05	18.43	15.61	18.70
Operating Expenses
Research & Development	0.00	0.00	0.08	0.09	0.09	0.08	0.14
Selling, General & Administrative	4.40	4.29	4.46	2.55	5.72	3.65	1.56
Operating Expenses	4.40	4.29	4.54	-2.64	5.81	3.73	1.70
Operating Income	9.97	9.32	12.65	11.41	12.62	11.88	17.00
Other Income/Expense
Interest Income	0.16	0.15	0.12	0.12	0.10	0.08	0.08
Interest Expense	0.00	1.17	0.25	-0.22	0.03	1.73	0.02
Other Income/Expense	0.19	-0.63	-0.17	0.67	9.17	-1.40	-0.56
Income
Income Before Tax	10.16	8.69	12.35	12.08	21.80	10.48	16.44
Income Tax Expense	3.00	2.66	4.08	3.35	4.41	1.55	2.72
Net Income	7.16	6.03	8.26	8.73	17.39	8.93	13.72
Net Income - Continuous Operations	7.16	6.03	8.26	8.73	17.39	8.93	13.72
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	10.78	9.87	12.61	11.42	22.20	12.94	18.04
EBIT	10.16	9.86	12.60	11.41	21.82	11.88	-
Depreciation & Amortization	0.62	0.01	0.01	0.01	0.38	1.06	1.04
Earnings Per Share
Basic EPS	1.00	1.00	1.00	5.00	11.00	6.00	10.00
Diluted EPS	1.00	1.00	1.00	5.00	11.00	6.00	9.00
Basic Shares Outstanding	11.93	11.63	9.29	1.62	1.59	1.44	1.44
Diluted Shares Outstanding	11.93	11.68	9.38	1.84	1.63	1.45	1.45

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Wetouch Technology Financial Statements

What was Wetouch Technology's revenue in fiscal 2025?

Wetouch Technology reported revenue of $45.14M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.8% from $42.28M a year earlier.

Is Wetouch Technology profitable?

Yes. Wetouch Technology earned net income of $7.16M in fiscal 2025, a net margin of 15.9%. In fiscal 2024 it earned $6.03M.

What is Wetouch Technology's operating margin?

Wetouch Technology's operating income was $9.97M on revenue of $45.14M in fiscal 2025, an operating margin of 22.1%, compared with 22.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition