Gulf Resources, Inc. (GURE) Financial Statements
Industry: Chemicals & Allied Products
In fiscal 2025, Gulf Resources reported revenue of $25.4M, up 231.8% from $7.7M the year before. Net income was -$43.9M (a -172.8% net margin), or -$32.95 per diluted share. Operating margin was -33.7%. Operating activities generated $7.8M of cash, leaving -$1.0M of free cash flow. At fiscal year end, Gulf Resources held $133.7M in total assets against $22.3M in total liabilities.
Open the full interactive Gulf Resources financials → Quarterly statements, key ratios, valuation history and price charts.
Gulf Resources Key Stats
| Share Price | $2.79 |
|---|---|
| Market Cap | $5.0M |
| Revenue YoY Growth | +231.8% |
| 52-Week Range | $2.63 – $8.19 |
| Shares Outstanding | 1.8 million (basic, 2026 Q2) |
Gulf Resources Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $28.2M | $55.0M | $66.1M | $30.0M | $7.7M | $25.4M |
| Cost of Goods Sold | $37.9M | — | — | — | — | — |
| Gross Profit | $8.8M | — | — | — | — | — |
| Operating Income | -$9.7M | $5.2M | $16.5M | -$11.9M | -$21.3M | -$8.6M |
| Pre-Tax Income | -$9.5M | $5.4M | $16.6M | -$58.3M | -$57.3M | -$43.9M |
| Income Tax | -$1.1M | $6.3M | $6.6M | $3.5M | $1.6M | — |
| Net Income | -$8.4M | -$924,718 | $10.1M | -$61.8M | -$58.9M | -$43.9M |
| Diluted EPS | -$8.70 | -$0.90 | — | — | — | -$32.95 |
Gulf Resources Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $9.0M | $6.4M | $2.4M | $12.9M |
| Net Income | -$35.7M | -$2.9M | -$3.9M | $1.1M |
| Diluted EPS | — | -$2.14 | -$2.48 | $0.64 |
Gulf Resources Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $107.3M | $115.4M | $119.4M | $86.1M | $17.5M | $24.6M |
| Total Assets | $294.0M | $309.9M | $292.4M | $226.7M | $169.5M | $133.7M |
| Current Liabilities | $7.1M | $13.9M | $11.8M | $12.6M | $17.7M | $8.2M |
| Total Long-Term Debt | — | — | — | — | — | $2.3M |
| Total Liabilities | $17.0M | $23.2M | $20.8M | $21.4M | $25.7M | $22.3M |
| Shareholders' Equity | $277.0M | $286.6M | $271.6M | $205.2M | $143.7M | $111.5M |
Gulf Resources Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $9.3M | $23.3M | $51.1M | -$32.8M | $675,068 | $7.8M |
| Cash From Investing | -$21.7M | -$30.1M | -$37.6M | — | -$60.6M | -$22.6M |
| Cash From Financing | -$264,976 | -$290,597 | -$264,863 | -$267,810 | -$249,240 | $4.8M |
| Free Cash Flow | -$12.4M | -$6.8M | $13.6M | -$70.3M | -$59.9M | -$1.0M |
Figures from Gulf Resources' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Gulf Resources financials page for every line item.
Gulf Resources Company Profile
| Ticker | GURE |
|---|---|
| Exchange | Nasdaq |
| Industry | Chemicals & Allied Products |
| Headquarters | Shouguang City, Shandong, China |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000885462 |
Frequently Asked Questions
What was Gulf Resources' revenue in fiscal 2025?
Gulf Resources (GURE) reported revenue of $25.4M for fiscal 2025.
What is Gulf Resources' annual revenue history?
Gulf Resources' annual revenue by fiscal year: 2020: $28.2M; 2021: $55.0M; 2022: $66.1M; 2023: $30.0M; 2024: $7.7M; 2025: $25.4M.
What was Gulf Resources' net income in fiscal 2025?
Gulf Resources reported net income of -$43.9M for fiscal 2025.
What was Gulf Resources' earnings per share (EPS) in fiscal 2025?
Gulf Resources' diluted EPS was -$32.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Gulf Resources generate in fiscal 2025?
Gulf Resources generated -$1.0M of free cash flow in fiscal 2025.
What was Gulf Resources' revenue last quarter?
In its most recent reported quarter (2026 Q2), Gulf Resources reported revenue of $12.9M.
How much debt does Gulf Resources have?
Gulf Resources reported $2.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Gulf Resources are outstanding?
Gulf Resources reported a weighted average of 1.8 million basic shares outstanding in 2026 Q2.
What is Gulf Resources' market cap?
Based on its latest closing price, Gulf Resources (GURE) has a market capitalization of about $5.0M.
When does Gulf Resources' fiscal year end?
Gulf Resources' fiscal year end, as registered with the SEC, is December 31.
Where is Gulf Resources headquartered?
Gulf Resources lists its business address in Shouguang City, Shandong, China in its SEC filings.