What is Wetouch Technology's operating income?

Wetouch Technology's total operating income in 2025 was $9.97 million, based on the following breakdown: Total Gross Profit: $14.37 million Total Operating Expenses: $4.40 million

Wetouch Technology (WETH) Financials

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Annual Income Statements for Wetouch Technology

This table shows Wetouch Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	8.73	8.26	6.03	7.16
Consolidated Net Income / (Loss)	8.73	8.26	6.03	7.16
Net Income / (Loss) Continuing Operations	8.73	8.26	6.03	7.16
Total Pre-Tax Income	12	12	8.69	10
Total Operating Income	11	13	9.32	9.97
Total Gross Profit	14	17	14	14
Total Revenue	38	40	42	45
Operating Revenue	38	40	42	45
Total Cost of Revenue	24	23	29	31
Operating Cost of Revenue	24	23	29	31
Total Operating Expenses	2.64	4.54	4.29	4.40
Selling, General & Admin Expense	2.55	4.46	4.29	4.40
Total Other Income / (Expense), net	0.67	-0.30	-0.63	0.19
Interest Expense	0.22	0.25	1.17	0.00
Interest & Investment Income	0.12	0.12	0.15	0.16
Other Income / (Expense), net	0.77	-0.17	0.39	0.04
Income Tax Expense	3.35	4.08	2.66	3.00
Basic Earnings per Share	$5.38	$0.89	$0.52	$0.60
Weighted Average Basic Shares Outstanding	1.62M	9.29M	11.63M	11.93M
Diluted Earnings per Share	$4.73	$0.89	$0.52	$0.60
Weighted Average Diluted Shares Outstanding	1.84M	9.38M	11.68M	11.93M

This table shows Wetouch Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2.86	4.14	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87
Consolidated Net Income / (Loss)	2.86	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87
Net Income / (Loss) Continuing Operations	2.86	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87
Total Pre-Tax Income	4.01	-2.09	1.22	3.80	3.64	0.03	4.03	3.12	3.16	-0.16	5.11
Total Operating Income	4.29	-2.03	2.30	3.73	3.48	-0.20	3.97	3.08	3.13	-0.22	5.09
Total Gross Profit	4.78	0.12	3.34	4.86	4.44	0.97	5.64	4.11	3.98	0.64	5.82
Total Revenue	11	2.37	15	12	12	3.63	15	12	12	5.25	16
Operating Revenue	11	2.37	15	12	12	3.63	15	12	12	5.25	16
Total Cost of Revenue	6.35	2.25	12	7.37	7.10	2.66	9.65	8.31	8.20	4.61	10
Operating Cost of Revenue	6.35	2.25	12	7.37	7.10	2.66	9.65	8.31	8.20	4.61	10
Total Operating Expenses	0.49	1.99	1.03	1.14	0.95	1.17	1.67	1.03	0.85	0.85	0.74
Selling, General & Admin Expense	0.47	2.13	0.99	1.09	0.91	1.30	1.67	1.03	0.85	0.85	0.74
Total Other Income / (Expense), net	-0.28	-0.19	-1.08	0.08	0.16	0.22	0.06	0.04	0.04	0.06	0.02
Interest & Investment Income	0.03	0.03	0.03	0.04	0.04	0.04	0.06	0.04	0.04	0.02	0.02
Income Tax Expense	1.15	-0.03	0.66	1.10	0.98	-0.08	1.47	0.88	0.64	0.01	1.24
Basic Earnings per Share	$0.29	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32
Weighted Average Basic Shares Outstanding	9.71M	9.29M	13.34M	11.93M	11.93M	11.63M	11.93M	11.93M	11.93M	11.93M	11.93M
Diluted Earnings per Share	$0.29	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32
Weighted Average Diluted Shares Outstanding	9.79M	9.38M	13.39M	11.98M	11.98M	11.68M	11.93M	11.93M	11.93M	11.93M	11.93M
Weighted Average Basic & Diluted Shares Outstanding	9.73M	0.00	11.93M	11.93M	11.93M	0.00	-	-	11.93M	0.00	11.93M

This table details how cash moves in and out of Wetouch Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.09	47	5.72	15
Net Cash From Operating Activities	8.59	13	1.07	7.39
Net Cash From Continuing Operating Activities	8.59	13	1.07	7.39
Net Income / (Loss) Continuing Operations	8.73	8.26	6.03	7.16
Consolidated Net Income / (Loss)	8.73	8.26	6.03	7.16
Depreciation Expense	0.01	0.01	0.01	0.02
Amortization Expense	0.15	0.03	0.10	0.60
Non-Cash Adjustments To Reconcile Net Income	-0.72	0.12	-0.26	-4.14
Changes in Operating Assets and Liabilities, net	0.42	4.21	-4.81	3.75
Net Cash From Investing Activities	0.00	-2.26	-0.27	-0.32
Net Cash From Continuing Investing Activities	0.00	-2.26	-0.27	-0.32
Purchase of Property, Plant & Equipment	0.00	-2.26	-0.27	-0.32
Net Cash From Financing Activities	-0.65	40	7.59	0.00
Net Cash From Continuing Financing Activities	-0.65	40	7.59	0.00
Repayment of Debt	-1.04	-0.06	-1.40	0.00
Issuance of Common Equity	0.00	40	8.99	0.00
Cash Interest Paid	0.01	0.00	1.19	0.00
Cash Income Taxes Paid	3.39	4.10	2.89	3.03

This table details how cash moves in and out of Wetouch Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	1.72	4.10	-3.24	3.58	8.36	-2.98	2.65	4.04	2.74	5.17	2.15
Net Cash From Operating Activities	2.25	3.72	-9.22	3.88	4.59	1.81	2.04	2.64	3.81	-1.10	0.52
Net Cash From Continuing Operating Activities	2.25	3.63	-9.22	3.93	4.55	1.81	2.04	2.64	3.81	-1.10	0.52
Net Income / (Loss) Continuing Operations	2.86	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87
Consolidated Net Income / (Loss)	2.86	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87
Depreciation Expense	0.00	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01
Amortization Expense	0.01	0.01	0.01	-	-	0.10	0.16	-0.16	-	0.60	0.16
Non-Cash Adjustments To Reconcile Net Income	0.17	-0.00	-0.01	0.01	-0.16	-0.10	0.02	0.74	0.37	-5.27	-0.00
Changes in Operating Assets and Liabilities, net	-0.79	5.68	-9.78	1.22	2.05	1.70	-0.70	-0.19	0.90	3.74	-3.51
Net Cash From Investing Activities	-	-2.26	-0.11	-0.00	-0.00	-0.15	0.00	-	-	-0.32	0.00
Net Cash From Continuing Investing Activities	-	-2.26	-0.11	-0.00	-0.00	-0.15	0.00	-	-	-0.32	0.00
Net Cash From Financing Activities	-0.10	-	7.51	0.35	0.17	-0.43	0.00	-	-	-	0.00
Net Cash From Continuing Financing Activities	-0.10	-	7.51	0.35	0.17	-0.43	0.00	-	-	-	0.00
Effect of Exchange Rate Changes	-	2.65	-1.42	-0.65	-	-	0.61	1.41	-1.07	-	1.64
Cash Income Taxes Paid	-0.02	1.17	-	-	1.11	1.12	0.00	1.29	1.01	0.72	0.00

This table presents Wetouch Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	73	120	128	141
Total Current Assets	62	107	114	126
Cash & Equivalents	51	98	104	118
Accounts Receivable	9.06	7.46	7.50	6.51
Inventories, net	0.42	0.22	0.11	0.05
Prepaid Expenses	1.45	1.06	2.76	1.19
Plant, Property, & Equipment, net	11	13	13	8.89
Total Noncurrent Assets	0.00	0.00	1.10	5.65
Noncurrent Deferred & Refundable Income Taxes	-	0.00	0.04	0.07
Other Noncurrent Operating Assets	-	0.00	1.06	5.58
Total Liabilities & Shareholders' Equity	73	120	128	141
Total Liabilities	4.27	6.72	3.43	3.24
Total Current Liabilities	4.01	6.34	2.95	3.24
Accounts Payable	2.33	4.63	2.23	2.44
Current Deferred & Payable Income Tax Liabilities	0.02	-	-	0.00
Other Current Liabilities	0.39	0.47	0.72	0.81
Total Noncurrent Liabilities	0.26	0.38	0.48	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	69	113	125	137
Total Preferred & Common Equity	69	113	125	137
Total Common Equity	69	113	125	137
Common Stock	3.40	44	53	53
Retained Earnings	62	69	75	82
Accumulated Other Comprehensive Income / (Loss)	-2.98	-7.28	-11	-4.98
Other Equity Adjustments	6.04	7.20	8.07	8.07

This table presents Wetouch Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	119	123	126	133	134	137	140	147
Total Current Assets	109	110	113	120	120	123	125	133
Cash & Equivalents	94	95	98	107	106	110	113	121
Accounts Receivable	14	-	11	9.73	11	11	11	11
Inventories, net	0.20	0.18	0.18	0.19	0.15	0.15	0.05	0.03
Prepaid Expenses	1.04	4.12	3.86	3.36	2.17	1.82	1.13	1.12
Plant, Property, & Equipment, net	10	13	13	13	13	13	13	9.55
Total Noncurrent Assets	0.00	0.36	0.00	0.00	1.00	0.84	1.31	5.02
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	0.05	0.03	0.10	0.07
Other Noncurrent Operating Assets	-	0.36	-	-	0.95	0.81	1.21	4.94
Total Liabilities & Shareholders' Equity	119	123	126	133	134	137	140	147
Total Liabilities	7.72	2.61	3.45	3.67	5.80	5.22	4.74	4.12
Total Current Liabilities	7.33	2.24	3.11	3.45	5.44	5.01	4.69	4.12
Accounts Payable	4.56	1.19	1.76	2.02	3.15	2.90	2.76	2.22
Current Deferred & Payable Income Tax Liabilities	1.15	0.66	1.09	1.00	1.29	0.87	0.70	1.20
Other Current Liabilities	0.39	0.39	0.26	0.43	1.00	1.25	1.23	0.69
Total Noncurrent Liabilities	0.38	0.37	0.33	0.21	0.35	0.20	0.05	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	112	121	122	129	128	132	135	143
Total Preferred & Common Equity	112	121	122	129	128	132	135	143
Total Common Equity	112	121	122	129	128	132	135	143
Common Stock	44	53	53	53	53	53	53	53
Retained Earnings	73	70	73	75	77	79	82	86
Accumulated Other Comprehensive Income / (Loss)	-11	-9.21	-9.98	-5.63	-9.90	-8.22	-7.38	-3.07
Other Equity Adjustments	6.04	7.20	7.20	7.20	8.07	8.07	8.07	8.07

This table displays calculated financial ratios and metrics derived from Wetouch Technology's official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	33,345,541.00	9,732,948.00	11,931,534.00	11,931,534.00
DEI Adjusted Shares Outstanding	33,345,541.00	9,732,948.00	11,931,534.00	11,931,534.00
DEI Earnings Per Adjusted Shares Outstanding	0.26	0.85	0.51	0.60
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	4.70%	6.48%	6.76%
EBITDA Growth	0.00%	1.43%	-21.59%	8.20%
EBIT Growth	0.00%	2.40%	-22.23%	3.05%
NOPAT Growth	0.00%	2.67%	-23.62%	8.62%
Net Income Growth	0.00%	-5.34%	-27.02%	18.73%
EPS Growth	0.00%	-81.18%	-41.57%	15.38%
Operating Cash Flow Growth	0.00%	48.20%	-91.60%	591.40%
Free Cash Flow Firm Growth	0.00%	0.00%	-88.59%	627.52%
Invested Capital Growth	0.00%	-14.54%	32.19%	-10.69%
Revenue Q/Q Growth	0.00%	0.00%	3.06%	3.72%
EBITDA Q/Q Growth	0.00%	8,873.26%	30.30%	3.37%
EBIT Q/Q Growth	0.00%	0.00%	29.17%	-1.60%
NOPAT Q/Q Growth	0.00%	0.00%	47.19%	-2.24%
Net Income Q/Q Growth	0.00%	0.00%	56.23%	-3.78%
EPS Q/Q Growth	0.00%	0.00%	100.00%	-6.25%
Operating Cash Flow Q/Q Growth	0.00%	-0.79%	-64.02%	-28.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	89.99%	16.99%
Invested Capital Q/Q Growth	0.00%	-15.24%	-6.29%	-13.39%
Profitability Metrics	-	-	-	-
Gross Margin	37.05%	43.30%	32.18%	31.84%
EBITDA Margin	32.56%	31.54%	23.23%	23.54%
Operating Margin	30.10%	31.86%	22.04%	22.08%
EBIT Margin	32.14%	31.44%	22.96%	22.16%
Profit (Net Income) Margin	23.02%	20.81%	14.26%	15.86%
Tax Burden Percent	72.25%	66.93%	69.41%	70.49%
Interest Burden Percent	99.13%	98.92%	89.52%	101.57%
Effective Tax Rate	27.75%	33.07%	30.59%	29.51%
Return on Invested Capital (ROIC)	43.73%	48.41%	34.56%	34.83%
ROIC Less NNEP Spread (ROIC-NNEP)	42.76%	48.69%	35.00%	34.71%
Return on Net Nonoperating Assets (RNNOA)	-31.04%	-39.32%	-29.48%	-29.36%
Return on Equity (ROE)	12.68%	9.09%	5.08%	5.47%
Cash Return on Invested Capital (CROIC)	0.00%	64.09%	6.83%	46.12%
Operating Return on Assets (OROA)	33.35%	12.95%	7.84%	7.45%
Return on Assets (ROA)	23.88%	8.58%	4.87%	5.33%
Return on Common Equity (ROCE)	12.68%	9.09%	5.08%	5.47%
Return on Equity Simple (ROE_SIMPLE)	12.68%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	8.25	8.47	6.47	7.02
NOPAT Margin	21.75%	21.33%	15.30%	15.56%
Net Nonoperating Expense Percent (NNEP)	0.97%	-0.28%	-0.44%	0.12%
Return On Investment Capital (ROIC_SIMPLE)	-	7.42%	5.17%	5.11%
Cost of Revenue to Revenue	62.95%	56.70%	67.82%	68.16%
SG&A Expenses to Revenue	6.73%	11.22%	10.15%	9.76%
R&D to Revenue	0.22%	0.21%	0.00%	0.00%
Operating Expenses to Revenue	6.95%	11.44%	10.15%	9.76%
Earnings before Interest and Taxes (EBIT)	12	12	9.71	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	13	9.82	11
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.01	0.42	0.17	0.12
Price to Tangible Book Value (P/TBV)	0.01	0.42	0.17	0.12
Price to Revenue (P/Rev)	0.01	1.20	0.49	0.35
Price to Earnings (P/E)	0.04	5.79	3.43	2.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2,492.17%	17.28%	29.17%	44.79%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.02	0.01	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00
Financial Leverage	-0.73	-0.81	-0.84	-0.85
Leverage Ratio	1.06	1.06	1.04	1.03
Compound Leverage Factor	1.05	1.05	0.93	1.04
Debt to Total Capital	1.82%	1.09%	0.39%	0.00%
Short-Term Debt to Total Capital	1.82%	1.09%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.39%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	98.18%	98.91%	99.61%	100.00%
Debt to EBITDA	0.10	0.10	0.05	0.00
Net Debt to EBITDA	-4.05	-7.73	-10.52	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.05	0.00
Debt to NOPAT	0.15	0.15	0.07	0.00
Net Debt to NOPAT	-6.06	-11.43	-15.97	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.07	0.00
Altman Z-Score	3.27	6.77	6.05	5.38
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	15.49	16.84	38.68	38.88
Quick Ratio	15.02	16.63	37.70	38.50
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	11	1.28	9.30
Operating Cash Flow to CapEx	0.00%	562.14%	393.29%	2,293.35%
Free Cash Flow to Firm to Interest Expense	0.00	44.42	1.09	0.00
Operating Cash Flow to Interest Expense	38.18	50.43	0.91	0.00
Operating Cash Flow Less CapEx to Interest Expense	38.18	41.46	0.68	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	1.04	0.41	0.34	0.34
Accounts Receivable Turnover	0.00	4.81	5.65	6.44
Inventory Turnover	0.00	69.77	171.48	390.61
Fixed Asset Turnover	0.00	3.34	3.30	4.17
Accounts Payable Turnover	0.00	6.47	8.35	13.19
Days Sales Outstanding (DSO)	0.00	75.90	64.57	56.64
Days Inventory Outstanding (DIO)	0.00	5.23	2.13	0.93
Days Payable Outstanding (DPO)	0.00	56.43	43.69	27.68
Cash Conversion Cycle (CCC)	0.00	24.70	23.01	29.90
Capital & Investment Metrics	-	-	-	-
Invested Capital	19	16	21	19
Invested Capital Turnover	2.01	2.27	2.26	2.24
Increase / (Decrease) in Invested Capital	0.00	-2.74	5.19	-2.28
Enterprise Value (EV)	-50	-49	-83	-102
Market Capitalization	0.35	48	21	16
Book Value per Share	$42.48	$11.60	$10.44	$11.52
Tangible Book Value per Share	$42.48	$11.60	$10.44	$11.52
Total Capital	70	114	125	137
Total Debt	1.28	1.24	0.48	0.00
Total Long-Term Debt	0.00	0.00	0.48	0.00
Net Debt	-50	-97	-103	-118
Capital Expenditures (CapEx)	0.00	2.26	0.27	0.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.19	3.64	7.43	4.50
Debt-free Net Working Capital (DFNWC)	59	102	111	123
Net Working Capital (NWC)	58	100	111	123
Net Nonoperating Expense (NNE)	-0.48	0.20	0.44	-0.14
Net Nonoperating Obligations (NNO)	-50	-97	-103	-118
Total Depreciation and Amortization (D&A)	0.16	0.04	0.11	0.62
Debt-free, Cash-free Net Working Capital to Revenue	21.61%	9.16%	17.57%	9.96%
Debt-free Net Working Capital to Revenue	156.75%	256.08%	262.98%	272.19%
Net Working Capital to Revenue	153.38%	252.96%	262.98%	272.19%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.89	$0.52	$0.60
Adjusted Weighted Average Basic Shares Outstanding	0.00	9.29M	11.63M	11.93M
Adjusted Diluted Earnings per Share	$0.00	$0.89	$0.52	$0.60
Adjusted Weighted Average Diluted Shares Outstanding	0.00	9.38M	11.68M	11.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	8.25	8.47	6.47	7.02
Normalized NOPAT Margin	21.75%	21.33%	15.30%	15.56%
Pre Tax Income Margin	31.86%	31.10%	20.55%	22.51%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	54.20	49.47	8.30	0.00
NOPAT to Interest Expense	36.67	33.56	5.53	0.00
EBIT Less CapEx to Interest Expense	54.20	40.50	8.06	0.00
NOPAT Less CapEx to Interest Expense	36.67	24.59	5.30	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Wetouch Technology's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	33,345,541.00	9,732,948.00	9,732,948.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00
DEI Adjusted Shares Outstanding	33,345,541.00	9,732,948.00	9,732,948.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00	11,931,534.00
DEI Earnings Per Adjusted Shares Outstanding	0.09	0.43	0.06	0.23	0.22	0.01	0.21	0.19	0.21	-0.01	0.32
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.30%	0.00%	10.75%	-4.23%	3.73%	52.90%	2.77%	1.51%	5.56%	44.55%	6.69%
EBITDA Growth	-9.25%	-2,175.38%	-43.80%	-41.00%	-12.75%	103.81%	74.51%	-22.20%	-13.01%	412.65%	27.15%
EBIT Growth	-9.55%	0.00%	-43.86%	-40.94%	-12.52%	99.23%	68.38%	-18.07%	-13.19%	-959.00%	28.03%
NOPAT Growth	-11.29%	0.00%	-63.12%	-42.09%	-16.74%	43.88%	139.18%	-16.30%	-1.88%	81.08%	52.49%
Net Income Growth	-13.09%	0.00%	-79.99%	-42.18%	-6.94%	105.33%	358.55%	-17.02%	-5.02%	-255.81%	50.87%
EPS Growth	-85.57%	0.00%	-88.57%	-52.08%	-24.14%	113.04%	425.00%	-17.39%	-4.55%	-133.33%	52.38%
Operating Cash Flow Growth	0.00%	-2.64%	-439.31%	-3.97%	104.11%	-51.19%	122.13%	-32.07%	-16.99%	-160.40%	-74.53%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	92.64%	-553.34%	127.52%	123.10%	377.75%	135.53%	-60.74%
Invested Capital Growth	0.00%	-14.54%	0.00%	0.00%	19.57%	32.19%	-16.59%	-11.36%	-3.37%	-10.69%	5.50%
Revenue Q/Q Growth	-12.92%	-78.65%	526.56%	-17.76%	-5.69%	-68.53%	321.14%	-18.77%	-1.93%	-56.91%	210.83%
EBITDA Q/Q Growth	-35.29%	-153.26%	207.62%	59.06%	-4.30%	-97.67%	4,823.10%	-29.09%	1.61%	-86.28%	1,121.03%
EBIT Q/Q Growth	-35.39%	-153.67%	206.80%	59.49%	-4.30%	-100.47%	23,510.34%	-22.40%	1.41%	-105.75%	2,930.28%
NOPAT Q/Q Growth	-33.13%	-146.48%	174.24%	150.92%	-3.85%	-131.33%	416.45%	-12.19%	12.71%	-106.04%	2,650.01%
Net Income Q/Q Growth	-38.82%	-172.08%	127.12%	383.42%	-1.52%	-95.87%	2,231.97%	-12.52%	12.73%	-106.78%	2,357.93%
EPS Q/Q Growth	-39.58%	-179.31%	117.39%	475.00%	-4.35%	-86.36%	600.00%	-9.52%	10.53%	-104.76%	3,300.00%
Operating Cash Flow Q/Q Growth	-44.36%	65.23%	-348.02%	142.11%	18.27%	-60.48%	12.44%	29.27%	44.54%	-128.75%	147.41%
Free Cash Flow Firm Q/Q Growth	0.00%	108.27%	-1,969.57%	13.15%	94.52%	-409.40%	213.48%	-27.11%	-34.08%	-34.84%	25.40%
Invested Capital Q/Q Growth	0.00%	-15.24%	59.70%	-6.43%	-5.61%	-6.29%	0.78%	-0.56%	2.90%	-13.39%	19.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.95%	5.10%	22.44%	39.73%	38.45%	26.76%	36.90%	33.11%	32.67%	12.17%	35.70%
EBITDA Margin	37.13%	-92.64%	15.91%	30.78%	31.23%	2.31%	27.02%	23.59%	25.74%	8.20%	32.20%
Operating Margin	38.53%	-85.51%	15.49%	30.45%	30.19%	-5.39%	25.98%	24.82%	25.67%	-4.11%	31.18%
EBIT Margin	37.01%	-93.04%	15.86%	30.76%	31.21%	-0.47%	25.98%	24.82%	25.67%	-3.42%	31.18%
Profit (Net Income) Margin	25.70%	-86.79%	3.76%	22.08%	23.06%	3.03%	16.76%	18.05%	20.75%	-3.26%	23.70%
Tax Burden Percent	71.35%	98.70%	45.78%	71.08%	73.09%	407.47%	63.53%	71.89%	79.90%	109.49%	75.67%
Interest Burden Percent	97.35%	94.51%	51.74%	101.01%	101.08%	-158.93%	101.54%	101.16%	101.17%	87.02%	100.46%
Effective Tax Rate	28.65%	0.00%	54.22%	28.92%	26.91%	-307.47%	36.47%	28.11%	20.10%	0.00%	24.33%
Return on Invested Capital (ROIC)	0.00%	-135.89%	22.68%	72.97%	43.36%	-49.63%	29.85%	33.68%	39.93%	-6.44%	49.36%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-135.02%	23.72%	72.86%	43.24%	-50.54%	29.81%	33.65%	39.90%	-6.42%	49.35%
Return on Net Nonoperating Assets (RNNOA)	0.00%	109.03%	-18.66%	-58.53%	-35.76%	42.58%	-24.15%	-27.64%	-33.16%	5.43%	-41.31%
Return on Equity (ROE)	0.00%	-26.86%	4.02%	14.44%	7.60%	-7.06%	5.71%	6.04%	6.77%	-1.01%	8.05%
Cash Return on Invested Capital (CROIC)	0.00%	64.09%	-146.72%	-159.78%	3.22%	6.83%	50.59%	43.91%	35.57%	46.12%	32.48%
Operating Return on Assets (OROA)	0.00%	-38.33%	10.60%	19.84%	10.14%	-0.16%	8.64%	8.10%	8.18%	-1.15%	10.25%
Return on Assets (ROA)	0.00%	-35.76%	2.51%	14.24%	7.49%	1.03%	5.57%	5.89%	6.61%	-1.10%	7.79%
Return on Common Equity (ROCE)	0.00%	-26.86%	4.02%	14.44%	7.60%	-7.06%	5.71%	6.04%	6.77%	-1.01%	8.05%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	3.06	-1.42	1.06	2.65	2.55	-0.80	2.52	2.22	2.50	-0.15	3.85
NOPAT Margin	27.49%	-59.86%	7.09%	21.64%	22.07%	-21.97%	16.51%	17.84%	20.51%	-2.88%	23.59%
Net Nonoperating Expense Percent (NNEP)	-0.43%	-0.87%	-1.05%	0.11%	0.12%	0.91%	0.04%	0.02%	0.03%	-0.02%	0.02%
Return On Investment Capital (ROIC_SIMPLE)	2.71%	-1.25%	0.88%	2.16%	1.97%	-0.64%	1.97%	1.68%	1.85%	-0.11%	2.69%
Cost of Revenue to Revenue	57.05%	94.91%	77.56%	60.27%	61.55%	73.24%	63.10%	66.89%	67.33%	87.83%	64.30%
SG&A Expenses to Revenue	4.24%	89.65%	6.66%	8.93%	7.88%	35.73%	10.92%	8.28%	7.00%	16.28%	4.52%
R&D to Revenue	0.19%	0.96%	0.29%	0.35%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.42%	83.92%	6.94%	9.28%	8.26%	32.16%	10.92%	8.28%	7.00%	16.28%	4.52%
Earnings before Interest and Taxes (EBIT)	4.12	-2.21	2.36	3.76	3.60	-0.02	3.97	3.08	3.13	-0.18	5.09
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.13	-2.20	2.37	3.77	3.60	0.08	4.13	2.93	3.13	0.43	5.25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.05	0.42	0.25	0.26	0.19	0.17	0.14	0.09	0.11	0.12	0.11
Price to Tangible Book Value (P/TBV)	0.05	0.42	0.25	0.26	0.19	0.17	0.14	0.09	0.11	0.12	0.11
Price to Revenue (P/Rev)	0.00	1.20	0.73	0.78	0.59	0.49	0.41	0.26	0.34	0.35	0.33
Price to Earnings (P/E)	0.00	5.79	5.00	3.07	2.42	3.43	2.15	1.50	2.00	2.23	1.81
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	17.28%	20.01%	32.57%	41.38%	29.17%	46.44%	66.84%	49.90%	44.79%	55.21%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.52	-0.81	-0.79	-0.80	-0.83	-0.84	-0.81	-0.82	-0.83	-0.85	-0.84
Leverage Ratio	1.08	1.06	1.02	1.03	1.05	1.04	1.03	1.03	1.03	1.03	1.04
Compound Leverage Factor	1.05	1.00	0.53	1.04	1.06	-1.66	1.05	1.05	1.04	0.89	1.04
Debt to Total Capital	1.09%	1.09%	0.00%	0.00%	0.00%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.09%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	98.91%	98.91%	100.00%	100.00%	100.00%	99.61%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	8.84	0.10	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-664.17	-7.73	0.00	0.00	0.00	-10.52	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.15	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-11.43	0.00	0.00	0.00	-15.97	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.41	6.36	9.18	7.76	6.22	5.80	4.04	3.54	4.13	5.14	4.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	14.88	16.84	49.18	36.36	34.75	38.68	22.01	24.56	26.69	38.88	32.24
Quick Ratio	14.71	16.63	47.26	35.06	33.72	37.70	21.58	24.17	26.44	38.50	31.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-16	1.32	-25	-21	-1.18	-5.99	6.79	4.95	3.26	2.13	2.67
Operating Cash Flow to CapEx	0.00%	164.19%	-8,282.53%	111,766.11%	103,351.42%	1,188.60%	0.00%	0.00%	0.00%	-339.97%	0.00%
Free Cash Flow to Firm to Interest Expense	-114.10	32.25	-21.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	16.08	90.77	-7.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	16.08	35.49	-7.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.41	0.67	0.65	0.32	0.34	0.33	0.33	0.32	0.34	0.33
Accounts Receivable Turnover	0.00	4.81	0.00	0.00	3.47	5.65	0.00	3.98	4.24	6.44	4.17
Inventory Turnover	0.00	69.77	0.00	0.00	144.47	171.48	161.65	170.60	245.99	390.61	359.82
Fixed Asset Turnover	0.00	3.34	0.00	0.00	3.50	3.30	3.33	3.34	3.28	4.17	4.12
Accounts Payable Turnover	0.00	6.47	0.00	0.00	8.59	8.35	12.32	11.91	12.06	13.19	11.76
Days Sales Outstanding (DSO)	0.00	75.90	0.00	0.00	105.27	64.57	0.00	91.78	86.13	56.64	87.62
Days Inventory Outstanding (DIO)	0.00	5.23	0.00	0.00	2.53	2.13	2.26	2.14	1.48	0.93	1.01
Days Payable Outstanding (DPO)	0.00	56.43	0.00	0.00	42.51	43.69	29.62	30.64	30.28	27.68	31.04
Cash Conversion Cycle (CCC)	0.00	24.70	0.00	0.00	65.30	23.01	-27.36	63.28	57.34	29.90	57.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	19	16	26	24	23	21	21	21	22	19	23
Invested Capital Turnover	0.00	2.27	3.20	3.37	1.97	2.26	1.81	1.89	1.95	2.24	2.09
Increase / (Decrease) in Invested Capital	19	-2.74	26	24	3.72	5.19	-4.27	-2.74	-0.77	-2.28	1.18
Enterprise Value (EV)	-87	-49	-65	-67	-82	-83	-89	-99	-98	-102	-105
Market Capitalization	5.48	48	30	32	24	21	17	11	15	16	15
Book Value per Share	$11.50	$11.60	$12.38	$10.26	$10.85	$10.44	$10.72	$11.05	$11.33	$11.52	$12.00
Tangible Book Value per Share	$11.50	$11.60	$12.38	$10.26	$10.85	$10.44	$10.72	$11.05	$11.33	$11.52	$12.00
Total Capital	113	114	121	122	129	125	128	132	135	137	143
Total Debt	1.23	1.24	0.00	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.00
Net Debt	-93	-97	-95	-98	-107	-103	-106	-110	-113	-118	-121
Capital Expenditures (CapEx)	0.00	2.26	0.11	0.00	0.00	0.15	0.00	0.00	0.00	0.32	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9.08	3.64	13	12	9.83	7.43	7.97	7.69	7.29	4.50	8.09
Debt-free Net Working Capital (DFNWC)	103	102	108	110	117	111	114	118	120	123	129
Net Working Capital (NWC)	102	100	108	110	117	111	114	118	120	123	129
Net Nonoperating Expense (NNE)	0.20	0.64	0.50	-0.05	-0.11	-0.91	-0.04	-0.03	-0.03	0.02	-0.02
Net Nonoperating Obligations (NNO)	-93	-97	-95	-98	-107	-103	-106	-110	-113	-118	-121
Total Depreciation and Amortization (D&A)	0.01	0.01	0.01	0.00	0.00	0.10	0.16	-0.15	0.01	0.61	0.17
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.16%	31.60%	28.93%	23.95%	17.57%	18.67%	17.94%	16.75%	9.96%	17.52%
Debt-free Net Working Capital to Revenue	0.00%	256.08%	261.97%	271.17%	284.14%	262.98%	267.91%	275.54%	276.86%	272.19%	278.61%
Net Working Capital to Revenue	0.00%	252.96%	261.97%	271.17%	284.14%	262.98%	267.91%	275.54%	276.86%	272.19%	278.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32
Adjusted Weighted Average Basic Shares Outstanding	9.71M	9.29M	13.34M	11.93M	11.93M	11.63M	11.93M	11.93M	11.93M	11.93M	11.93M
Adjusted Diluted Earnings per Share	$0.29	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	9.79M	9.38M	13.39M	11.98M	11.98M	11.68M	11.93M	11.93M	11.93M	11.93M	11.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	9.73M	0.00	11.93M	11.93M	11.93M	0.00	0.00	0.00	11.93M	0.00	11.93M
Normalized Net Operating Profit after Tax (NOPAT)	3.06	-1.42	1.61	2.65	2.55	-0.14	2.52	2.22	2.50	-0.15	3.85
Normalized NOPAT Margin	27.49%	-59.86%	10.85%	21.64%	22.07%	-3.77%	16.51%	17.84%	20.51%	-2.88%	23.59%
Pre Tax Income Margin	36.02%	-87.93%	8.21%	31.07%	31.55%	0.74%	26.38%	25.11%	25.97%	-2.98%	31.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	29.43	-53.96	2.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	21.86	-34.71	0.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	29.43	-109.25	1.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	21.86	-90.00	0.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Wetouch Technology (NASDAQ: WETH) has shown a dramatic turnaround in recent quarters, with strong revenue growth, improved profitability, and a very large cash balance. At the same time, investors should note that a meaningful portion of the company’s cash flow strength has been influenced by exchange-rate movements, and the business can still show some quarter-to-quarter volatility.

Revenue accelerated sharply in Q1 2026 to $16.3 million, up from $5.2 million in Q4 2025 and $12.2 million in Q2 2025, showing a meaningful rebound in sales momentum.
Profitability improved substantially in Q1 2026, with net income of $3.9 million versus a net loss of $171,232 in Q4 2025.
Operating margin strengthened in Q1 2026, as operating income reached $5.1 million on relatively modest SG&A expense of $737 thousand.
Cash and equivalents are exceptionally high at $120.5 million as of March 31, 2026, compared with $106.4 million a year earlier, giving the company a strong liquidity cushion.
Balance sheet leverage remains very low, with total liabilities of just $4.1 million against $143.2 million of equity in Q1 2026.
Operating cash flow turned positive again in Q1 2026 at $519 thousand, after being negative in Q4 2025.
Gross profit expanded materially in Q1 2026 to $5.8 million, reflecting better scale than the weak Q4 2025 period.
Retained earnings continue to build, reaching $85.7 million in Q1 2026, which suggests the company has accumulated meaningful historical profits.
Cash flow benefited from foreign exchange gains in Q1 2026, with a $1.6 million positive exchange-rate effect boosting reported cash change.
There is still some earnings volatility quarter to quarter, especially when comparing Q4 2025’s small loss to Q1 2026’s strong profit.
Q4 2025 was weak, with revenue falling to $5.2 million and the company posting an operating loss and net loss for the quarter.
Operating cash generation has been inconsistent across periods, ranging from a negative $1.1 million in Q4 2025 to a positive $519 thousand in Q1 2026.
Exchange-rate effects can be meaningful and may distort the underlying cash trend, so investors should not rely on reported cash growth alone.
Liquidity is strong, but revenue concentration and volatility remain a concern given the sharp swings in quarterly sales and profits over the last several periods.

Over the last four years, the biggest trend is that WETH has gone from a much more uneven, sometimes loss-making business to one that is currently showing stronger sales and profit performance. Revenue has generally held in the low-to-mid tens of millions per quarter in the most recent periods, while the company has built up a very large cash position and maintained a debt-light balance sheet. That said, the quarter-to-quarter swings in revenue, operating cash flow, and foreign exchange impacts mean investors should view the current improvement as encouraging, but still somewhat uneven.

Bottom line: Wetouch Technology currently looks financially liquid and profitable, with a much improved near-term trend, but the business still has volatility that investors should watch closely.

07/31/26 12:42 AM ETAI Generated. May Contain Errors.

Wetouch Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Wetouch Technology's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Wetouch Technology's net income appears to be on a downward trend, with a most recent value of $7.16 million in 2025, falling from $8.73 million in 2022. The previous period was $6.03 million in 2024. See Wetouch Technology's forecast for analyst expectations on what's next for the company.

Wetouch Technology's total operating income in 2025 was $9.97 million, based on the following breakdown:

Total Gross Profit: $14.37 million
Total Operating Expenses: $4.40 million

Over the last 3 years, Wetouch Technology's total revenue changed from $37.92 million in 2022 to $45.14 million in 2025, a change of 19.0%.

Wetouch Technology's total liabilities were at $3.24 million at the end of 2025, a 5.5% decrease from 2024, and a 24.1% decrease since 2022.

In the past 3 years, Wetouch Technology's cash and equivalents has ranged from $51.25 million in 2022 to $118.36 million in 2025, and is currently $118.36 million as of their latest financial filing in 2025.

Over the last 3 years, Wetouch Technology's book value per share changed from 42.48 in 2022 to 11.52 in 2025, a change of -72.9%.

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Financial statements for NASDAQ:WETH last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Wetouch Technology (WETH) Financials

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Wetouch Technology (WETH) Financials

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When does Wetouch Technology's fiscal year end?

How has Wetouch Technology's net income changed over the last 3 years?

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How has Wetouch Technology's revenue changed over the last 3 years?

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