Wetouch Technology Inc. (WETH) Financial Statements
Industry: Computer Peripheral Equipment (Other)
In fiscal 2025, Wetouch Technology reported revenue of $45.1M, up 6.8% from $42.3M the year before. Net income was $7.2M (a 15.9% net margin), or $0.60 per diluted share. Gross margin was 31.8% and operating margin was 22.1%. Operating activities generated $7.4M of cash, leaving $7.1M of free cash flow. At fiscal year end, Wetouch Technology held $140.6M in total assets against $3.2M in total liabilities, including $118.4M of cash and equivalents.
Open the full interactive Wetouch Technology financials → Quarterly statements, key ratios, valuation history and price charts.
Wetouch Technology Key Stats
| Share Price | $0.98 |
|---|---|
| Market Cap | $12.0M |
| P/E Ratio | 1.6 |
| Revenue YoY Growth | +6.8% |
| 52-Week Range | $0.91 – $3.42 |
| Shares Outstanding | 12.3 million (basic, 2026 Q2) |
Wetouch Technology Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $31.3M | $40.8M | $37.9M | $39.7M | $42.3M | $45.1M |
| Cost of Goods Sold | — | $22.3M | $23.9M | — | — | — |
| Gross Profit | $15.6M | $18.4M | $14.1M | $17.2M | $13.6M | $14.4M |
| Operating Income | $11.9M | $12.6M | $11.4M | $12.7M | $9.3M | $10.0M |
| Pre-Tax Income | $10.5M | $21.8M | $12.1M | $12.3M | $8.7M | $10.2M |
| Income Tax | $1.5M | $4.4M | $3.4M | $4.1M | $2.7M | $3.0M |
| Net Income | $8.9M | $17.4M | $8.7M | $8.3M | $6.0M | $7.2M |
| Diluted EPS | $0.31 | $0.55 | $0.27 | $0.89 | $0.52 | $0.60 |
Wetouch Technology Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $12.2M | $5.2M | $16.3M | $14.0M |
| Net Income | $2.5M | -$171,232 | $3.9M | $2.2M |
| Diluted EPS | $0.21 | -$0.01 | $0.32 | $0.18 |
Wetouch Technology Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.0M | $46.2M | $51.3M | — | $103.8M | $118.4M |
| Current Assets | $36.6M | $56.8M | $62.2M | $106.8M | $114.1M | $126.1M |
| Total Assets | $47.1M | $68.7M | $73.1M | $119.6M | $128.0M | $140.6M |
| Current Liabilities | $2.3M | $3.2M | $4.0M | $6.3M | $3.0M | $3.2M |
| Total Long-Term Debt | — | $2.2M | — | $1.2M | — | — |
| Total Liabilities | $2.7M | $4.4M | $4.3M | $6.7M | $3.4M | $3.2M |
| Shareholders' Equity | $44.4M | $64.3M | $68.8M | $112.9M | $124.6M | $137.4M |
Wetouch Technology Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.0M | $14.1M | $8.6M | $12.7M | $1.1M | $7.4M |
| Cash From Investing | — | $6.2M | — | -$2.3M | -$271,830 | -$322,304 |
| Cash From Financing | -$4.7M | $1.9M | -$652,635 | $39.9M | $7.6M | — |
| Free Cash Flow | $13.0M | $2.4M | -$3.1M | $10.5M | $797,248 | $7.1M |
Figures from Wetouch Technology's 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 Wetouch Technology financials page for every line item.
Wetouch Technology Company Profile
| Ticker | WETH |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Peripheral Equipment (Other) |
| Headquarters | Meishan City, Sichuan |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001826660 |
Frequently Asked Questions
What was Wetouch Technology's revenue in fiscal 2025?
Wetouch Technology (WETH) reported revenue of $45.1M for fiscal 2025.
What is Wetouch Technology's annual revenue history?
Wetouch Technology's annual revenue by fiscal year: 2020: $31.3M; 2021: $40.8M; 2022: $37.9M; 2023: $39.7M; 2024: $42.3M; 2025: $45.1M.
What was Wetouch Technology's net income in fiscal 2025?
Wetouch Technology reported net income of $7.2M for fiscal 2025.
What was Wetouch Technology's earnings per share (EPS) in fiscal 2025?
Wetouch Technology's diluted EPS was $0.60 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Wetouch Technology generate in fiscal 2025?
Wetouch Technology generated $7.1M of free cash flow in fiscal 2025.
What was Wetouch Technology's revenue last quarter?
In its most recent reported quarter (2026 Q2), Wetouch Technology reported revenue of $14.0M.
How many shares of Wetouch Technology are outstanding?
Wetouch Technology reported a weighted average of 12.3 million basic shares outstanding in 2026 Q2.
What is Wetouch Technology's market cap?
Based on its latest closing price, Wetouch Technology (WETH) has a market capitalization of about $12.0M.
When does Wetouch Technology's fiscal year end?
Wetouch Technology's fiscal year end, as registered with the SEC, is December 31.
Where is Wetouch Technology headquartered?
Wetouch Technology lists its business address in Meishan City, Sichuan in its SEC filings.