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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Closing price 11/13/2026 03:59 PM Eastern

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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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Total Costs & Expenses	-	-	-	-	-	-	-	-	-	-	1.72
Net Income / (Loss) Attributable to Common Shareholders	4.14	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87	2.16
Consolidated Net Income / (Loss)	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87	2.16
Net Income / (Loss) Continuing Operations	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87	2.16
Total Pre-Tax Income	-2.09	1.22	3.80	3.64	0.03	4.03	3.12	3.16	-0.16	5.11	3.19
Total Operating Income	-2.03	2.30	3.73	3.48	-0.20	3.97	3.08	3.13	-0.22	5.09	3.16
Total Gross Profit	0.12	3.34	4.86	4.44	0.97	5.64	4.11	3.98	0.64	5.82	4.88
Total Revenue	2.37	15	12	12	3.63	15	12	12	5.25	16	14
Operating Revenue	2.37	15	12	12	3.63	15	12	12	5.25	16	14
Total Cost of Revenue	2.25	12	7.37	7.10	2.66	9.65	8.31	8.20	4.61	10	9.12
Operating Cost of Revenue	2.25	12	7.37	7.10	2.66	9.65	8.31	8.20	4.61	10	9.12
Total Operating Expenses	1.99	1.03	1.14	0.95	1.17	1.67	1.03	0.85	0.85	0.74	1.72
Selling, General & Admin Expense	2.13	0.99	1.09	0.91	1.30	1.67	1.03	0.85	0.85	0.74	0.69
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	1.03
Total Other Income / (Expense), net	-0.19	-1.08	0.08	0.16	0.22	0.06	0.04	0.04	0.06	0.02	0.05
Interest & Investment Income	0.03	0.03	0.04	0.04	0.04	0.06	0.04	0.04	0.02	0.02	0.02
Other Income / (Expense), net	-0.18	0.05	0.04	0.12	0.18	-	-	0.00	0.04	-	0.02
Income Tax Expense	-0.03	0.66	1.10	0.98	-0.08	1.47	0.88	0.64	0.01	1.24	1.02
Basic Earnings per Share	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32	$0.18
Weighted Average Basic Shares Outstanding	9.29M	13.34M	11.93M	11.93M	11.63M	11.93M	11.93M	11.93M	11.93M	11.93M	12.27M
Diluted Earnings per Share	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32	$0.18
Weighted Average Diluted Shares Outstanding	9.38M	13.39M	11.98M	11.98M	11.68M	11.93M	11.93M	11.93M	11.93M	11.93M	12.27M
Weighted Average Basic & Diluted Shares Outstanding	0.00	11.93M	11.93M	11.93M	0.00	-	-	11.93M	0.00	11.93M	13.38M

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
Net Change in Cash & Equivalents	4.10	-3.24	3.58	8.36	-2.98	2.65	4.04	2.74	5.17	2.15	7.00
Net Cash From Operating Activities	3.72	-9.22	3.88	4.59	1.81	2.04	2.64	3.81	-1.10	0.52	4.95
Net Cash From Continuing Operating Activities	3.63	-9.22	3.93	4.55	1.81	2.04	2.64	3.81	-1.10	0.52	4.95
Net Income / (Loss) Continuing Operations	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87	2.16
Consolidated Net Income / (Loss)	-2.06	0.56	2.70	2.66	0.11	2.56	2.24	2.53	-0.17	3.87	2.16
Depreciation Expense	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.02
Amortization Expense	0.01	0.01	-	-	0.10	0.16	-0.16	-	0.60	0.16	0.16
Non-Cash Adjustments To Reconcile Net Income	-0.00	-0.01	0.01	-0.16	-0.10	0.02	0.74	0.37	-5.27	-0.00	1.05
Changes in Operating Assets and Liabilities, net	5.68	-9.78	1.22	2.05	1.70	-0.70	-0.19	0.90	3.74	-3.51	1.55
Effect of Exchange Rate Changes	2.65	-1.42	-0.65	-	-	0.61	1.41	-1.07	-	1.64	2.05
Cash Income Taxes Paid	1.17	-	-	1.11	1.12	0.00	1.29	1.01	0.72	0.00	1.31

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	Q2 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	6/30/2026
Total Assets	119	123	126	133	134	137	140	147	153
Total Current Assets	109	110	113	120	120	123	125	133	138
Cash & Equivalents	94	95	98	107	106	110	113	121	128
Accounts Receivable	14	-	11	9.73	11	11	11	11	9.33
Inventories, net	0.20	0.18	0.18	0.19	0.15	0.15	0.05	0.03	0.01
Prepaid Expenses	1.04	4.12	3.86	3.36	2.17	1.82	1.13	1.12	1.10
Plant, Property, & Equipment, net	10	13	13	13	13	13	13	9.55	9.16
Total Noncurrent Assets	0.00	0.36	0.00	0.00	1.00	0.84	1.31	5.02	5.49
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	0.05	0.03	0.10	0.07	0.08
Other Noncurrent Operating Assets	-	0.36	-	-	0.95	0.81	1.21	4.94	5.41
Total Liabilities & Shareholders' Equity	119	123	126	133	134	137	140	147	153
Total Liabilities	7.72	2.61	3.45	3.67	5.80	5.22	4.74	4.12	3.83
Total Current Liabilities	7.33	2.24	3.11	3.45	5.44	5.01	4.69	4.12	3.83
Accounts Payable	4.56	1.19	1.76	2.02	3.15	2.90	2.76	2.22	2.26
Current Deferred & Payable Income Tax Liabilities	1.15	0.66	1.09	1.00	1.29	0.87	0.70	1.20	0.93
Other Current Liabilities	0.39	0.39	0.26	0.43	1.00	1.25	1.23	0.69	0.64
Total Noncurrent Liabilities	0.38	0.37	0.33	0.21	0.35	0.20	0.05	0.00	0.00
Commitments & Contingencies	0.00	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	149
Total Preferred & Common Equity	112	121	122	129	128	132	135	143	149
Total Common Equity	112	121	122	129	128	132	135	143	149
Common Stock	44	53	53	53	53	53	53	53	54
Retained Earnings	73	70	73	75	77	79	82	86	88
Accumulated Other Comprehensive Income / (Loss)	-11	-9.21	-9.98	-5.63	-9.90	-8.22	-7.38	-3.07	-0.68
Other Equity Adjustments	6.04	7.20	7.20	7.20	8.07	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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	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	6/30/2026
DEI Shares Outstanding	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	11,931,534.00
DEI Adjusted Shares Outstanding	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	11,931,534.00
DEI Earnings Per Adjusted Shares Outstanding	0.43	0.06	0.23	0.22	0.01	0.21	0.19	0.21	-0.01	0.32	0.18
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	10.75%	-4.23%	3.73%	52.90%	2.77%	1.51%	5.56%	44.55%	6.69%	12.74%
EBITDA Growth	-2,175.38%	-43.80%	-41.00%	-12.75%	103.81%	74.51%	-22.20%	-13.01%	412.65%	27.15%	4.02%
EBIT Growth	0.00%	-43.86%	-40.94%	-12.52%	99.23%	68.38%	-18.07%	-13.19%	-959.00%	28.03%	3.44%
NOPAT Growth	0.00%	-63.12%	-42.09%	-16.74%	43.88%	139.18%	-16.30%	-1.88%	81.08%	52.49%	-3.08%
Net Income Growth	0.00%	-79.99%	-42.18%	-6.94%	105.33%	358.55%	-17.02%	-5.02%	-255.81%	50.87%	-3.45%
EPS Growth	0.00%	-88.57%	-52.08%	-24.14%	113.04%	425.00%	-17.39%	-4.55%	-133.33%	52.38%	-5.26%
Operating Cash Flow Growth	-2.64%	-439.31%	-3.97%	104.11%	-51.19%	122.13%	-32.07%	-16.99%	-160.40%	-74.53%	87.69%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	92.64%	-553.34%	127.52%	123.10%	377.75%	135.53%	-60.74%	-54.45%
Invested Capital Growth	-14.54%	0.00%	0.00%	19.57%	32.19%	-16.59%	-11.36%	-3.37%	-10.69%	5.50%	-0.50%
Revenue Q/Q Growth	-78.65%	526.56%	-17.76%	-5.69%	-68.53%	321.14%	-18.77%	-1.93%	-56.91%	210.83%	-14.17%
EBITDA Q/Q Growth	-153.26%	207.62%	59.06%	-4.30%	-97.67%	4,823.10%	-29.09%	1.61%	-86.28%	1,121.03%	-35.89%
EBIT Q/Q Growth	-153.67%	206.80%	59.49%	-4.30%	-100.47%	23,510.34%	-22.40%	1.41%	-105.75%	2,930.28%	-37.30%
NOPAT Q/Q Growth	-146.48%	174.24%	150.92%	-3.85%	-131.33%	416.45%	-12.19%	12.71%	-106.04%	2,650.01%	-44.19%
Net Income Q/Q Growth	-172.08%	127.12%	383.42%	-1.52%	-95.87%	2,231.97%	-12.52%	12.73%	-106.78%	2,357.93%	-44.02%
EPS Q/Q Growth	-179.31%	117.39%	475.00%	-4.35%	-86.36%	600.00%	-9.52%	10.53%	-104.76%	3,300.00%	-43.75%
Operating Cash Flow Q/Q Growth	65.23%	-348.02%	142.11%	18.27%	-60.48%	12.44%	29.27%	44.54%	-128.75%	147.41%	852.62%
Free Cash Flow Firm Q/Q Growth	108.27%	-1,969.57%	13.15%	94.52%	-409.40%	213.48%	-27.11%	-34.08%	-34.84%	25.40%	-15.43%
Invested Capital Q/Q Growth	-15.24%	59.70%	-6.43%	-5.61%	-6.29%	0.78%	-0.56%	2.90%	-13.39%	19.05%	-6.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	5.10%	22.44%	39.73%	38.45%	26.76%	36.90%	33.11%	32.67%	12.17%	35.70%	34.88%
EBITDA Margin	-92.64%	15.91%	30.78%	31.23%	2.31%	27.02%	23.59%	25.74%	8.20%	32.20%	24.05%
Operating Margin	-85.51%	15.49%	30.45%	30.19%	-5.39%	25.98%	24.82%	25.67%	-4.11%	31.18%	22.61%
EBIT Margin	-93.04%	15.86%	30.76%	31.21%	-0.47%	25.98%	24.82%	25.67%	-3.42%	31.18%	22.78%
Profit (Net Income) Margin	-86.79%	3.76%	22.08%	23.06%	3.03%	16.76%	18.05%	20.75%	-3.26%	23.70%	15.46%
Tax Burden Percent	98.70%	45.78%	71.08%	73.09%	407.47%	63.53%	71.89%	79.90%	109.49%	75.67%	67.87%
Interest Burden Percent	94.51%	51.74%	101.01%	101.08%	-158.93%	101.54%	101.16%	101.17%	87.02%	100.46%	100.00%
Effective Tax Rate	0.00%	54.22%	28.92%	26.91%	-307.47%	36.47%	28.11%	20.10%	0.00%	24.33%	32.13%
Return on Invested Capital (ROIC)	-135.89%	22.68%	72.97%	43.36%	-49.63%	29.85%	33.68%	39.93%	-6.44%	49.36%	34.39%
ROIC Less NNEP Spread (ROIC-NNEP)	-135.02%	23.72%	72.86%	43.24%	-50.54%	29.81%	33.65%	39.90%	-6.42%	49.35%	34.37%
Return on Net Nonoperating Assets (RNNOA)	109.03%	-18.66%	-58.53%	-35.76%	42.58%	-24.15%	-27.64%	-33.16%	5.43%	-41.31%	-29.16%
Return on Equity (ROE)	-26.86%	4.02%	14.44%	7.60%	-7.06%	5.71%	6.04%	6.77%	-1.01%	8.05%	5.23%
Cash Return on Invested Capital (CROIC)	64.09%	-146.72%	-159.78%	3.22%	6.83%	50.59%	43.91%	35.57%	46.12%	32.48%	39.38%
Operating Return on Assets (OROA)	-38.33%	10.60%	19.84%	10.14%	-0.16%	8.64%	8.10%	8.18%	-1.15%	10.25%	7.51%
Return on Assets (ROA)	-35.76%	2.51%	14.24%	7.49%	1.03%	5.57%	5.89%	6.61%	-1.10%	7.79%	5.10%
Return on Common Equity (ROCE)	-26.86%	4.02%	14.44%	7.60%	-7.06%	5.71%	6.04%	6.77%	-1.01%	8.05%	5.23%
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)	-1.42	1.06	2.65	2.55	-0.80	2.52	2.22	2.50	-0.15	3.85	2.15
NOPAT Margin	-59.86%	7.09%	21.64%	22.07%	-21.97%	16.51%	17.84%	20.51%	-2.88%	23.59%	15.34%
Net Nonoperating Expense Percent (NNEP)	-0.87%	-1.05%	0.11%	0.12%	0.91%	0.04%	0.02%	0.03%	-0.02%	0.02%	0.01%
Return On Investment Capital (ROIC_SIMPLE)	-1.25%	0.88%	2.16%	1.97%	-0.64%	1.97%	1.68%	1.85%	-0.11%	2.69%	1.44%
Cost of Revenue to Revenue	94.91%	77.56%	60.27%	61.55%	73.24%	63.10%	66.89%	67.33%	87.83%	64.30%	65.12%
SG&A Expenses to Revenue	89.65%	6.66%	8.93%	7.88%	35.73%	10.92%	8.28%	7.00%	16.28%	4.52%	4.90%
R&D to Revenue	0.96%	0.29%	0.35%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.92%	6.94%	9.28%	8.26%	32.16%	10.92%	8.28%	7.00%	16.28%	4.52%	12.28%
Earnings before Interest and Taxes (EBIT)	-2.21	2.36	3.76	3.60	-0.02	3.97	3.08	3.13	-0.18	5.09	3.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.20	2.37	3.77	3.60	0.08	4.13	2.93	3.13	0.43	5.25	3.37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.42	0.25	0.26	0.19	0.17	0.14	0.09	0.11	0.12	0.11	0.10
Price to Tangible Book Value (P/TBV)	0.42	0.25	0.26	0.19	0.17	0.14	0.09	0.11	0.12	0.11	0.10
Price to Revenue (P/Rev)	1.20	0.73	0.78	0.59	0.49	0.41	0.26	0.34	0.35	0.33	0.31
Price to Earnings (P/E)	5.79	5.00	3.07	2.42	3.43	2.15	1.50	2.00	2.23	1.81	1.77
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	17.28%	20.01%	32.57%	41.38%	29.17%	46.44%	66.84%	49.90%	44.79%	55.21%	56.50%
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	0.00	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	-0.81	-0.79	-0.80	-0.83	-0.84	-0.81	-0.82	-0.83	-0.85	-0.84	-0.85
Leverage Ratio	1.06	1.02	1.03	1.05	1.04	1.03	1.03	1.03	1.03	1.04	1.03
Compound Leverage Factor	1.00	0.53	1.04	1.06	-1.66	1.05	1.05	1.04	0.89	1.04	1.03
Debt to Total Capital	1.09%	0.00%	0.00%	0.00%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	1.09%	0.00%	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%	0.39%	0.00%	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%	100.00%	100.00%	100.00%	99.61%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.10	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-7.73	0.00	0.00	0.00	-10.52	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.15	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-11.43	0.00	0.00	0.00	-15.97	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.36	9.18	7.76	6.22	5.80	4.04	3.54	4.13	5.14	4.52	4.57
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	16.84	49.18	36.36	34.75	38.68	22.01	24.56	26.69	38.88	32.24	35.99
Quick Ratio	16.63	47.26	35.06	33.72	37.70	21.58	24.17	26.44	38.50	31.96	35.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1.32	-25	-21	-1.18	-5.99	6.79	4.95	3.26	2.13	2.67	2.26
Operating Cash Flow to CapEx	164.19%	-8,282.53%	111,766.11%	103,351.42%	1,188.60%	0.00%	0.00%	0.00%	-339.97%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	32.25	-21.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	90.77	-7.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	35.49	-7.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.67	0.65	0.32	0.34	0.33	0.33	0.32	0.34	0.33	0.33
Accounts Receivable Turnover	4.81	0.00	0.00	3.47	5.65	0.00	3.98	4.24	6.44	4.17	4.76
Inventory Turnover	69.77	0.00	0.00	144.47	171.48	161.65	170.60	245.99	390.61	359.82	418.69
Fixed Asset Turnover	3.34	0.00	0.00	3.50	3.30	3.33	3.34	3.28	4.17	4.12	4.31
Accounts Payable Turnover	6.47	0.00	0.00	8.59	8.35	12.32	11.91	12.06	13.19	11.76	12.56
Days Sales Outstanding (DSO)	75.90	0.00	0.00	105.27	64.57	0.00	91.78	86.13	56.64	87.62	76.70
Days Inventory Outstanding (DIO)	5.23	0.00	0.00	2.53	2.13	2.26	2.14	1.48	0.93	1.01	0.87
Days Payable Outstanding (DPO)	56.43	0.00	0.00	42.51	43.69	29.62	30.64	30.28	27.68	31.04	29.06
Cash Conversion Cycle (CCC)	24.70	0.00	0.00	65.30	23.01	-27.36	63.28	57.34	29.90	57.59	48.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16	26	24	23	21	21	21	22	19	23	21
Invested Capital Turnover	2.27	3.20	3.37	1.97	2.26	1.81	1.89	1.95	2.24	2.09	2.24
Increase / (Decrease) in Invested Capital	-2.74	26	24	3.72	5.19	-4.27	-2.74	-0.77	-2.28	1.18	-0.11
Enterprise Value (EV)	-49	-65	-67	-82	-83	-89	-99	-98	-102	-105	-113
Market Capitalization	48	30	32	24	21	17	11	15	16	15	15
Book Value per Share	$11.60	$12.38	$10.26	$10.85	$10.44	$10.72	$11.05	$11.33	$11.52	$12.00	$12.13
Tangible Book Value per Share	$11.60	$12.38	$10.26	$10.85	$10.44	$10.72	$11.05	$11.33	$11.52	$12.00	$12.13
Total Capital	114	121	122	129	125	128	132	135	137	143	149
Total Debt	1.24	0.00	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.48	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-97	-95	-98	-107	-103	-106	-110	-113	-118	-121	-128
Capital Expenditures (CapEx)	2.26	0.11	0.00	0.00	0.15	0.00	0.00	0.00	0.32	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3.64	13	12	9.83	7.43	7.97	7.69	7.29	4.50	8.09	6.60
Debt-free Net Working Capital (DFNWC)	102	108	110	117	111	114	118	120	123	129	134
Net Working Capital (NWC)	100	108	110	117	111	114	118	120	123	129	134
Net Nonoperating Expense (NNE)	0.64	0.50	-0.05	-0.11	-0.91	-0.04	-0.03	-0.03	0.02	-0.02	-0.02
Net Nonoperating Obligations (NNO)	-97	-95	-98	-107	-103	-106	-110	-113	-118	-121	-128
Total Depreciation and Amortization (D&A)	0.01	0.01	0.00	0.00	0.10	0.16	-0.15	0.01	0.61	0.17	0.18
Debt-free, Cash-free Net Working Capital to Revenue	9.16%	31.60%	28.93%	23.95%	17.57%	18.67%	17.94%	16.75%	9.96%	17.52%	13.83%
Debt-free Net Working Capital to Revenue	256.08%	261.97%	271.17%	284.14%	262.98%	267.91%	275.54%	276.86%	272.19%	278.61%	280.93%
Net Working Capital to Revenue	252.96%	261.97%	271.17%	284.14%	262.98%	267.91%	275.54%	276.86%	272.19%	278.61%	280.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32	$0.18
Adjusted Weighted Average Basic Shares Outstanding	9.29M	13.34M	11.93M	11.93M	11.63M	11.93M	11.93M	11.93M	11.93M	11.93M	12.27M
Adjusted Diluted Earnings per Share	($0.23)	$0.04	$0.23	$0.22	$0.03	$0.21	$0.19	$0.21	($0.01)	$0.32	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	9.38M	13.39M	11.98M	11.98M	11.68M	11.93M	11.93M	11.93M	11.93M	11.93M	12.27M
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	0.00	11.93M	11.93M	11.93M	0.00	0.00	0.00	11.93M	0.00	11.93M	13.38M
Normalized Net Operating Profit after Tax (NOPAT)	-1.42	1.61	2.65	2.55	-0.14	2.52	2.22	2.50	-0.15	3.85	2.85
Normalized NOPAT Margin	-59.86%	10.85%	21.64%	22.07%	-3.77%	16.51%	17.84%	20.51%	-2.88%	23.59%	20.34%
Pre Tax Income Margin	-87.93%	8.21%	31.07%	31.55%	0.74%	26.38%	25.11%	25.97%	-2.98%	31.32%	22.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-53.96	2.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-34.71	0.90	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-109.25	1.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-90.00	0.81	0.00	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’s latest results show strong liquidity and a return to positive operating cash flow, but quarterly earnings remain volatile. In Q2 2026, revenue was $14.0 million, down from $16.3 million in Q1 2026 but up from $12.4 million in Q2 2025 and $3.6 million in Q4 2024. The available quarterly data suggests a meaningful improvement from the weak fourth quarter of 2025, although revenue has not followed a consistently rising trend.

Profitability remained positive. Gross profit was $4.9 million, producing a 34.9% gross margin, compared with 33.1% in Q2 2025 and 32.6% in Q3 2025. Net income was $2.2 million, or $0.18 per diluted share, versus $3.9 million, or $0.32 per share, in Q1 2026. Q2 operating income included $1.0 million of special charges; excluding that item, operating income would have been approximately $4.2 million, indicating stronger underlying operating performance than the reported figure suggests.

Cash generation improved sharply. Operating cash flow increased to $4.9 million in Q2 2026 from only $519,501 in Q1 2026 and was also above the $3.8 million generated in Q3 2025. Much of the quarter-to-quarter improvement came from working-capital movements and noncash adjustments, so investors should monitor whether operating cash flow remains strong in future periods.

The balance sheet remains a major strength. Cash and equivalents reached $127.5 million at June 30, 2026, up from $120.5 million at March 31, 2026 and $106.4 million at March 31, 2025. Total liabilities were just $3.8 million, while shareholders’ equity was $148.8 million. This implies very high liquidity, minimal leverage and substantial financial flexibility.

Robust liquidity: Cash of $127.5 million was more than 33 times total liabilities, providing a significant buffer against operating volatility.
Improving operating cash flow: Q2 2026 operating cash flow of $4.9 million was nearly ten times Q1’s level and exceeded net income, a favorable sign for earnings quality in the quarter.
Gross margin improvement: The 34.9% Q2 gross margin was higher than the 33.1% recorded in Q2 2025 and the 32.6% recorded in Q3 2025.
Lower working-capital requirements: Accounts receivable declined to $9.3 million from $11.1 million at March 31, 2025, while inventory fell to only $9,185 from $146,625 a year earlier.
Minimal debt burden: Wetouch reported no noncurrent liabilities and only $3.8 million of total liabilities, limiting interest-rate and refinancing risk.
Revenue growth is uneven: Q2 2026 revenue increased approximately 13% year over year, but declined about 14% sequentially from Q1 2026, indicating potential seasonality or demand variability.
Foreign exchange remains material: The reported $7.0 million increase in cash during Q2 included a $2.0 million benefit from exchange-rate changes, making reported cash growth less representative of core operating performance.
Profit declined sequentially: Net income fell from $3.9 million in Q1 2026 to $2.2 million in Q2, while diluted EPS declined from $0.32 to $0.18.
Special charges reduced reported earnings: Q2 included $1.0 million of other special charges. Although the charge may be nonrecurring, additional charges could continue to make reported results volatile.
Share count has increased: Basic weighted-average shares rose from 11.9 million in 2025 quarters to 12.3 million in Q2 2026, which can dilute per-share results if the increase continues.

Overall, Wetouch Technology’s financial position is considerably stronger than its income-statement volatility might suggest. The company has substantial cash, little debt and positive operating cash flow. However, investors should watch revenue consistency, the sustainability of working-capital benefits, foreign-exchange effects, special charges and share-count growth. The dataset also includes restated 2025 income-statement figures and several calculated cash-flow figures, so comparisons should be made with the company’s latest filings.

11/15/26 07:40 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 fiscal year ends in December. Their fiscal 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 where experts think Wetouch Technology is headed by visiting Wetouch Technology's forecast page.

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%.

In the past 11 quarters, Wetouch Technology's cash and equivalents has ranged from $93.94 million in Q3 2023 to $127.52 million in Q2 2026, and is currently $127.52 million as of their latest financial filing in Q2 2026.

Wetouch Technology had total debt of $0.00 at the end of 2025, a 100.0% decrease from 2024, and a 100.0% decrease since 2022.

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 8/14/2026 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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