Jowell Global Ltd. (JWEL) Income Statement
JWEL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsJWEL revenue and net income
Where JWEL's revenue goes
2025Each bar shows an amount and its share of revenue. JWEL kept −3.8% of revenue as net income.
JWEL profit margins
JWEL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.1% | −7.7% | +11.2% | — |
| Gross profit | +812.9% | +22.7% | +1.9% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
JWEL quarterly EPS vs estimates
Jowell Global beat the analyst EPS estimate in 0 of the last 7 quarters.
JWEL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.0M | $133.0M | $160.0M | $210.0M | $170.9M | $96.9M | $61.8M | $24.2M |
| Cost of revenue | $153.5M | $131.7M | $156.7M | $203.7M | $159.3M | $86.4M | $56.1M | $20.2M |
| Gross profit | $11.5M | $1.3M | $3.3M | $6.2M | $11.7M | $10.5M | $5.7M | $4.0M |
| Sales, general & admin | $8.5M | $7.4M | $11.1M | $14.6M | $14.9M | $3.1M | $1.9M | $2.0M |
| Total operating expenses | $16.6M | $9.4M | $14.2M | $18.3M | $18.6M | $5.4M | $4.0M | $2.0M |
| Operating income | −$5.0M | −$8.1M | −$10.9M | −$12.0M | −$7.0M | $5.1M | $1.7M | $2.0M |
| Interest expense | $0 | $29,721 | $76,049 | $117,070 | $92,257 | $6,106 | $1,266 | $0 |
| Income before taxes | −$5.8M | −$8.0M | −$11.4M | −$12.0M | −$6.6M | $5.1M | $1.7M | $2.0M |
| Income taxes | $478,481 | $28,076 | $135,116 | −$420,164 | −$190,516 | $1.5M | $427,359 | $506,513 |
| Net income | −$6.3M | −$8.0M | −$11.5M | −$11.5M | −$6.4M | $3.6M | $1.3M | $1.5M |
| EBITDA | −$4.2M | −$6.0M | −$9.5M | −$9.9M | −$5.4M | $5.3M | $1.7M | $2.0M |
| EPS (diluted) | −$2.64 | −$3.67 | −$5.28 | −$0.34 | −$0.25 | $0.12 | $0.07 | $0.01 |
| Gross margin | 7.0% | 1.0% | 2.0% | 3.0% | 6.8% | 10.8% | 9.2% | 16.5% |
| Operating margin | −3.0% | −6.1% | −6.8% | −5.7% | −4.1% | 5.3% | 2.8% | 8.2% |
| Net margin | −3.8% | −6.0% | −7.2% | −5.5% | −3.7% | 3.7% | 2.1% | 6.1% |
| Mar '26 | Jun '25 | Mar '25 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Jun '22 | Mar '22 | Jun '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.8M | $76.2M | $47.3M | $85.7M | $75.6M | $75.6M | $84.4M | $109.6M | $100.4M | $102.8M | $68.1M | $69.9M |
| Cost of revenue | $83.5M | $69.9M | $46.9M | $84.8M | $73.0M | $73.0M | $83.8M | $107.2M | $96.5M | $96.0M | $63.2M | $62.2M |
| Gross profit | $5.3M | $6.2M | $410,556 | $852,453 | $2.6M | $2.6M | $642,891 | $2.3M | $3.9M | $6.8M | $4.9M | $7.7M |
| Sales, general & admin | — | — | — | — | $6.9M | $5.9M | $7.2M | $5.9M | $12.4M | $13.1M | $5.5M | $3.7M |
| Total operating expenses | $8.8M | $7.8M | $4.5M | $4.8M | $6.9M | $6.9M | $7.2M | $5.9M | $12.4M | $13.1M | $5.5M | $3.7M |
| Operating income | −$3.5M | −$1.6M | −$4.1M | −$4.0M | −$4.3M | −$4.3M | −$6.6M | −$3.5M | −$8.5M | −$6.4M | −$640,310 | $4.0M |
| Interest expense | — | $45,552 | $5,724 | $23,997 | $36,661 | $36,661 | $39,388 | $57,057 | $60,013 | $92,257 | — | — |
| Income before taxes | −$4.5M | −$1.3M | −$4.2M | −$3.8M | −$4.3M | −$4.3M | −$7.1M | −$3.6M | −$8.3M | −$5.9M | −$678,543 | $4.0M |
| Income taxes | $478,481 | — | $28,025 | $51 | $132,355 | $132,355 | $2,761 | −$109,136 | −$311,028 | −$208,960 | $18,444 | $1.3M |
| Net income | −$5.0M | −$1.3M | −$4.2M | −$3.7M | −$4.4M | −$4.4M | −$7.1M | −$3.5M | −$8.0M | −$5.7M | −$696,987 | $2.7M |
| EBITDA | −$2.8M | −$979,047 | −$2.9M | −$3.1M | −$4.2M | −$4.2M | −$6.3M | −$2.5M | −$7.4M | −$5.2M | −$184,277 | $4.0M |
| EPS (diluted) | — | — | −$1.02 | — | −$2.04 | — | — | −$0.11 | −$0.30 | −$0.22 | −$0.03 | $0.17 |
| Gross margin | 6.0% | 8.2% | 0.9% | 1.0% | 3.5% | 3.5% | 0.8% | 2.1% | 3.9% | 6.6% | 7.1% | 11.0% |
| Operating margin | −3.9% | −2.0% | −8.7% | −4.6% | −5.7% | −5.7% | −7.8% | −3.2% | −8.5% | −6.2% | −0.9% | 5.7% |
| Net margin | −5.6% | −1.7% | −9.0% | −4.4% | −5.8% | −5.8% | −8.4% | −3.2% | −8.0% | −5.5% | −1.0% | 3.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in JWEL's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
JWEL financial results
In fiscal year 2025 (ended December 31, 2025), Jowell Global reported revenue of $165.0 million, up 24.1% from the year before. It had a net loss of $6.3 million, a net profit margin of −3.8%. Diluted earnings per share came to −$2.64. Over five years revenue grew at an average rate of 11.2% a year.
See the JWEL stock overview for the latest quote and news, or the JWEL chart for price history and technical indicators.
JWEL income statement FAQ
What is Jowell Global's annual revenue?
Jowell Global reported total revenue of $165.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 24.1% from $133.0 million the previous year.
Is Jowell Global profitable?
No. Jowell Global reported a net loss of $6.3 million in fiscal 2025, a net profit margin of −3.8%; its operating margin was −3.0%.
What is Jowell Global's gross margin?
Jowell Global's gross margin was 7.0% in fiscal 2025: for every $100 of revenue, Jowell Global kept $7 after the direct cost of its products and services.
How fast is Jowell Global growing?
Revenue grew 11.2% a year on average over the last five fiscal years, from $96.9 million to $165.0 million.
What are Jowell Global's earnings per share?
Jowell Global earned $-2.64 per diluted share in fiscal 2025, compared with $-3.67 a year earlier.
When does Jowell Global's fiscal year end?
Jowell Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.