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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	42.88	42.28	39.71	37.92	40.79	31.35
Revenue Growth (YoY)	5.58%	6.48%	4.70%	-7.02%	30.11%	-21.64%
Cost of Revenue	27.72	28.67	22.52	23.87	22.35	15.74
Gross Profit	15.16	13.61	17.19	14.05	18.43	15.61
Selling, General & Admin	4.9	4.29	4.46	2.55	2.57	2.59
Research & Development	-0.09	-	0.08	0.09	0.09	0.08
Operating Expenses	4.82	4.29	4.54	2.64	5.81	3.73
Operating Income	10.34	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)	0.3	0.39	-0.17	0.87	1.45	0.25
EBT Excluding Unusual Items	10.82	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	10.82	8.69	12.35	12.08	21.8	10.48
Income Tax Expense	3.24	2.66	4.08	3.35	4.41	1.55
Net Income	7.58	6.03	8.26	8.73	17.39	8.93
Net Income to Common	7.58	6.03	8.26	8.73	17.39	8.93
Net Income Growth	86.64%	-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)	13.40%	24.60%	408.48%	12.93%	12.65%	3.52%
EPS (Basic)	0.63	0.52	0.89	5.39	10.93	6.21
EPS (Diluted)	0.63	0.52	0.89	4.73	10.93	6.20
EPS Growth	63.71%	-41.73%	-81.18%	-56.73%	76.30%	-36.72%
Free Cash Flow	10.92	0.8	10.46	8.59	2.36	12.96
Free Cash Flow Per Share	0.91	0.07	1.12	4.66	1.44	8.94
Gross Margin	35.36%	32.18%	43.30%	37.05%	45.19%	49.80%
Operating Margin	24.12%	22.04%	31.86%	30.10%	30.95%	37.90%
Profit Margin	17.67%	14.27%	20.81%	23.02%	42.63%	28.49%
Free Cash Flow Margin	25.48%	1.89%	26.35%	22.64%	5.78%	41.35%
EBITDA	10.35	9.33	12.66	11.42	13.01	12.94
EBITDA Margin	24.14%	22.06%	31.88%	30.13%	31.89%	41.27%
D&A For EBITDA	0.01	0.01	0.01	0.01	0.38	1.06
EBIT	10.34	9.32	12.65	11.41	12.62	11.88
EBIT Margin	24.12%	22.04%	31.86%	30.10%	30.95%	37.90%
Effective Tax Rate	29.99%	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