Wetouch Technology Inc. (WETH) Income Statement
WETH 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWETH revenue and net income
Where WETH's revenue goes
2025Each bar shows an amount and its share of revenue. WETH kept 15.9% of revenue as net income.
WETH profit margins
WETH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.8% | +6.0% | +7.6% | — |
| Gross profit | +5.6% | +0.8% | −1.6% | — |
| Operating income | +7.0% | −4.4% | −3.5% | — |
| Net income | +18.7% | −6.4% | −4.3% | — |
| EPS (diluted) | +17.6% | −51.5% | +3.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WETH quarterly EPS vs estimates
Wetouch Technology beat the analyst EPS estimate in 3 of the last 3 quarters. Next report: November 11, 2026.
WETH income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $45.1M | $42.3M | $39.7M | $37.9M | $40.8M | $31.3M | $40.0M |
| Cost of revenue | $30.8M | $28.7M | $22.5M | $23.9M | $22.4M | $15.7M | $21.3M |
| Gross profit | $14.4M | $13.6M | $17.2M | $14.1M | $18.4M | $15.6M | $18.7M |
| Research & development | — | $0 | $84,551 | $85,251 | $89,477 | $77,997 | $136,433 |
| Sales, general & admin | $4.4M | $4.3M | $4.5M | $2.6M | $1.9M | $3.7M | — |
| Total operating expenses | $4.4M | $33.0M | $4.5M | $2.6M | $1.2M | $3.7M | $1.7M |
| Operating income | $10.0M | $9.3M | $12.7M | $11.4M | $12.6M | $11.9M | $17.0M |
| Interest income | $156,627 | $152,336 | $117,719 | $118,714 | $95,534 | $81,537 | — |
| Interest expense | $1.2M | $1.2M | $252,325 | $224,885 | $2,745 | $1.7M | $16,884 |
| Income before taxes | $10.2M | $8.7M | $12.3M | $12.1M | $21.8M | $10.5M | $16.4M |
| Income taxes | $3.0M | — | $4.1M | $3.4M | $4.4M | $1.5M | $2.7M |
| Net income | $7.2M | $6.0M | $8.3M | $8.7M | $17.4M | $8.9M | $13.7M |
| EBITDA | $10.8M | $10.0M | $12.6M | $12.3M | $22.2M | $12.9M | $18.0M |
| EPS (diluted) | $0.60 | $0.51 | $0.85 | $5.25 | $2.69 | $0.50 | $30000.47 |
| Gross margin | 31.8% | 32.2% | 43.3% | 37.0% | 45.2% | 49.8% | 46.7% |
| Operating margin | 22.1% | 22.0% | 31.9% | 30.1% | 31.0% | 37.9% | 42.5% |
| Net margin | 15.9% | 14.3% | 20.8% | 23.0% | 42.6% | 28.5% | 34.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.0M | $16.3M | $5.2M | $12.2M | $3.6M | $3.6M | $11.5M | $12.2M | $14.9M | $2.4M | $11.1M | $12.8M |
| Cost of revenue | $9.1M | $10.5M | $4.6M | $8.2M | $2.7M | $2.7M | $7.1M | $7.4M | $11.5M | $2.3M | $6.3M | $6.5M |
| Gross profit | $4.9M | $5.8M | $638,581 | $4.0M | $971,679 | $971,679 | $4.4M | $4.9M | $3.3M | $120,977 | $4.8M | $6.3M |
| Research & development | — | — | — | $0 | $129,808 | $129,808 | $43,859 | $43,211 | $42,738 | $22,702 | $20,580 | $20,384 |
| Sales, general & admin | $686,741 | $736,956 | $854,199 | $852,484 | $1.5M | $1.3M | $909,473 | $1.1M | $990,316 | $2.1M | $471,466 | $138,267 |
| Total operating expenses | $1.7M | $736,956 | $5.5M | $852,484 | $1.2M | $3.8M | $953,332 | $1.1M | $1.0M | $4.4M | $492,046 | $158,651 |
| Operating income | $3.2M | $5.1M | −$215,618 | $3.1M | −$195,797 | −$195,797 | $3.5M | $3.7M | $2.3M | −$2.0M | $4.3M | $6.1M |
| Interest income | $24,104 | $23,147 | $23,323 | $36,564 | — | $43,940 | $39,003 | $38,046 | $31,347 | $27,874 | $30,616 | $30,034 |
| Interest expense | — | — | $0 | $0 | — | $0 | $0 | $0 | $1.2M | $40,942 | $139,876 | $38,108 |
| Income before taxes | $3.2M | $5.1M | −$156,389 | $3.2M | $26,970 | $26,970 | $3.6M | $3.8M | $1.2M | −$2.1M | $4.0M | $6.2M |
| Income taxes | $1.0M | $1.2M | — | $635,679 | −$82,925 | — | $979,436 | $1.1M | $661,848 | — | $1.1M | $1.6M |
| Net income | $2.2M | $3.9M | −$171,232 | $2.5M | $109,895 | $109,895 | $2.7M | $2.7M | $558,870 | −$2.1M | $2.9M | $4.7M |
| EBITDA | $3.2M | $5.3M | $3,287 | $3.3M | $29,468 | — | $3.6M | $3.8M | $2.4M | — | $4.2M | $6.3M |
| EPS (diluted) | $0.18 | — | — | $0.21 | $0.01 | — | $0.22 | — | — | — | $0.29 | $0.48 |
| Gross margin | 34.9% | 35.7% | 12.2% | 32.7% | 26.8% | 26.8% | 38.4% | 39.7% | 22.4% | 5.1% | 42.9% | 49.0% |
| Operating margin | 22.6% | 31.2% | −4.1% | 25.7% | −5.4% | −5.4% | 30.2% | 30.4% | 15.5% | −85.5% | 38.5% | 47.7% |
| Net margin | 15.5% | 23.7% | −3.3% | 20.7% | 3.0% | 3.0% | 23.1% | 22.1% | 3.8% | −86.8% | 25.7% | 36.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WETH's financial statements (latest annual report filed April 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WETH financial results
In fiscal year 2025 (ended December 31, 2025), Wetouch Technology reported revenue of $45.1 million, up 6.8% from the year before. It had net income of $7.2 million (up 18.7%), a net profit margin of 15.9%. Diluted earnings per share came to $0.60. Over five years revenue grew at an average rate of 7.6% a year.
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WETH income statement FAQ
What is Wetouch Technology's annual revenue?
Wetouch Technology reported total revenue of $45.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 6.8% from $42.3 million the previous year.
Is Wetouch Technology profitable?
Yes. Wetouch Technology reported net income of $7.2 million in fiscal 2025, a net profit margin of 15.9%; its operating margin was 22.1%.
What is Wetouch Technology's gross margin?
Wetouch Technology's gross margin was 31.8% in fiscal 2025: for every $100 of revenue, Wetouch Technology kept $32 after the direct cost of its products and services.
How fast is Wetouch Technology growing?
Revenue grew 7.6% a year on average over the last five fiscal years, from $31.3 million to $45.1 million.
What are Wetouch Technology's earnings per share?
Wetouch Technology earned $0.60 per diluted share in fiscal 2025, compared with $0.51 a year earlier.
When will Wetouch Technology report its next earnings?
Wetouch Technology is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does Wetouch Technology's fiscal year end?
Wetouch Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 13, 2026.