Wetouch Technology Inc. (WETH)

Wetouch Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	43.52	42.28	39.71	37.92	40.79	31.35
Revenue Growth (YoY)	6.08%	6.48%	4.70%	-7.02%	30.11%	-21.64%
Cost of Revenue	28.82	28.67	22.52	23.87	22.35	15.74
Gross Profit	14.7	13.61	17.19	14.05	18.43	15.61
Selling, General & Admin	4.85	4.29	4.46	2.55	2.57	2.59
Research & Development	-0.13	-	0.08	0.09	0.09	0.08
Operating Expenses	4.72	4.29	4.54	2.64	5.81	3.73
Operating Income	9.99	9.32	12.65	11.41	12.62	11.88
Interest Expense	-	-1.17	-0.25	-0.22	-0.03	-1.73
Interest & Investment Income	0.18	0.15	0.12	0.12	0.1	0.08
Other Non Operating Income (Expenses)	0.18	0.39	-0.17	0.87	1.45	0.25
EBT Excluding Unusual Items	10.34	8.69	12.35	12.18	14.15	10.48
Gain (Loss) on Sale of Assets	-	-	-	-	7.65	-
Other Unusual Items	-	-	-	-0.1	-	-
Pretax Income	10.34	8.69	12.35	12.08	21.8	10.48
Income Tax Expense	2.9	2.66	4.08	3.35	4.41	1.55
Net Income	7.44	6.03	8.26	8.73	17.39	8.93
Net Income to Common	7.44	6.03	8.26	8.73	17.39	8.93
Net Income Growth	92.77%	-27.02%	-5.34%	-49.79%	94.68%	-34.89%
Shares Outstanding (Basic)	12	12	9	2	2	1
Shares Outstanding (Diluted)	12	12	9	2	2	1
Shares Change (YoY)	7.21%	24.60%	408.48%	12.93%	12.65%	3.52%
EPS (Basic)	0.62	0.52	0.89	5.39	10.93	6.21
EPS (Diluted)	0.62	0.52	0.89	4.73	10.93	6.20
EPS Growth	81.55%	-41.73%	-81.18%	-56.73%	76.30%	-36.72%
Free Cash Flow	10.15	0.8	10.46	8.59	2.36	12.96
Free Cash Flow Per Share	0.85	0.07	1.12	4.66	1.44	8.94
Gross Margin	33.79%	32.18%	43.30%	37.05%	45.19%	49.80%
Operating Margin	22.95%	22.04%	31.86%	30.10%	30.95%	37.90%
Profit Margin	17.10%	14.27%	20.81%	23.02%	42.63%	28.49%
Free Cash Flow Margin	23.32%	1.89%	26.35%	22.64%	5.78%	41.35%
EBITDA	10	9.33	12.66	11.42	13.01	12.94
EBITDA Margin	22.98%	22.06%	31.88%	30.13%	31.89%	41.27%
D&A For EBITDA	0.02	0.01	0.01	0.01	0.38	1.06
EBIT	9.99	9.32	12.65	11.41	12.62	11.88
EBIT Margin	22.95%	22.04%	31.86%	30.10%	30.95%	37.90%
Effective Tax Rate	28.05%	30.59%	33.07%	27.75%	20.23%	14.78%
Revenue as Reported	-	-	-	-	40.79	31.35

Updated Oct 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q