Wetouch Technology Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	45.14	42.28	39.71	37.92	40.79
Revenue Growth (YoY)	6.76%	6.48%	4.70%	-7.02%	30.11%
Cost of Revenue	30.77	28.67	22.52	23.87	22.35
Gross Profit	14.37	13.61	17.19	14.05	18.43
Selling, General & Admin	-4.4	-4.29	-4.46	-2.55	-2.57
Research & Development	-	-	-0.08	-0.09	-0.09
Other Operating Expenses	-	-	-	-	-3.15
Total Operating Expenses	-4.4	-4.29	-4.54	-2.64	-5.81
Operating Income	9.97	9.32	12.65	11.41	12.62
Interest Income	0.16	0.15	0.12	0.12	0.1
Interest Expense	-	-1.17	-0.25	-0.22	-0.03
Other Non-Operating Income (Expense)	0.04	0.39	-0.17	0.77	9.1
Total Non-Operating Income (Expense)	0.19	-0.63	-0.3	0.67	9.17
Pretax Income	10.16	8.69	12.35	12.08	21.8
Provision for Income Taxes	3	2.66	4.08	3.35	4.41
Net Income	7.16	6.03	8.26	8.73	17.39
Net Income to Common	7.16	6.03	8.26	8.73	17.39
Net Income Growth	18.73%	-27.02%	-5.34%	-49.79%	94.68%
Shares Outstanding (Basic)	12	12	9	2	2
Shares Outstanding (Diluted)	12	12	9	2	2
Shares Change (YoY)	2.14%	24.60%	408.47%	12.93%	12.65%
EPS (Basic)	0.60	0.52	0.89	5.38	11.00
EPS (Diluted)	0.60	0.52	0.89	4.73	11.00
EPS Growth	15.38%	-41.57%	-81.18%	-57.00%	77.42%
Shares Outstanding	11.93	11.93	9.29	1.68	1.59
Free Cash Flow	7.07	0.8	10.46	8.59	2.36
Free Cash Flow Growth	786.71%	-92.38%	21.83%	264.44%	-81.83%
Free Cash Flow Per Share	0.59	0.07	1.12	4.66	1.44
Gross Margin	31.84%	32.18%	43.30%	37.05%	45.19%
Operating Margin	22.08%	22.04%	31.86%	30.10%	30.95%
Profit Margin	15.86%	14.26%	20.81%	23.02%	42.63%
FCF Margin	15.66%	1.89%	26.35%	22.64%	5.78%
EBITDA	9.99	9.33	12.66	11.42	13.01
EBITDA Margin	22.13%	22.06%	31.88%	30.13%	31.89%
EBIT	9.97	9.32	12.65	11.41	12.62
EBIT Margin	22.08%	22.04%	31.86%	30.10%	30.95%
Effective Tax Rate	29.51%	30.59%	33.07%	27.75%	20.23%

Updated Apr 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q