Wetouch Technology Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 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	5.72	3.65
Research & Development	-0.13	-	0.08	0.09	0.09	0.08
Total 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 Income	0.18	0.15	0.12	0.12	0.1	0.08
Interest Expense	-	-1.17	-0.25	-0.22	-0.03	-1.73
Other Non-Operating Income (Expense)	0.18	0.39	-0.17	0.77	9.1	0.25
Total Non-Operating Income (Expense)	0.36	-0.63	-0.3	0.67	9.17	-1.4
Pretax Income	10.34	8.69	12.35	12.08	21.8	10.48
Provision for Income Taxes	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)	1.26%	24.60%	408.48%	12.93%	12.65%	3.52%
EPS (Basic)	0.62	0.52	0.89	5.38	10.93	6.20
EPS (Diluted)	0.62	0.52	0.89	4.73	10.65	6.20
EPS Growth	148.00%	-41.57%	-81.18%	-55.59%	71.77%	-36.73%
Free Cash Flow	8.33	0.8	10.46	8.59	2.36	12.96
Free Cash Flow Growth	945.43%	-92.38%	21.83%	264.44%	-81.83%	27.60%
Free Cash Flow Per Share	0.70	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%	14.26%	20.81%	23.02%	42.63%	28.49%
FCF Margin	19.15%	1.89%	26.35%	22.64%	5.78%	41.35%
EBITDA	9.99	9.33	12.66	11.42	13.01	12.94
EBITDA Margin	22.96%	22.06%	31.88%	30.13%	31.89%	41.27%
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%

Updated Oct 9, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q