Wetouch Technology Inc. (WETH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 16.31M | 5.25M | 12.18M | 12.42M | 15.29M | 3.63M | 11.54M | 12.23M | 14.88M | 2.37M | 11.12M | 12.77M | 13.43M | 2.55M | 11.62M | 11.75M | 11.99M | 3.67M | 11.17M | 15.23M |
| Revenue Growth % | 6.69% | 44.55% | 5.56% | 1.51% | 2.77% | 52.9% | 3.73% | -4.23% | 10.75% | -6.98% | -4.3% | 8.69% | 12% | -30.47% | 4.09% | -22.86% | 11.96% | - | - | - |
| Cost of Goods Sold | 10.5M | 4.61M | 8.2M | 8.31M | 9.65M | 2.66M | 7.1M | 7.37M | 11.54M | 2.25M | 6.35M | 6.52M | 7.39M | 2.93M | 6.56M | 6.7M | 7.68M | 3.08M | 6.38M | 7.35M |
| COGS % of Revenue | 64.35% | 87.83% | 67.33% | 66.89% | 63.1% | 73.24% | 61.55% | 60.27% | 77.56% | 94.91% | 57.05% | 51.05% | 55.05% | 114.62% | 56.45% | 57.02% | 64.06% | 83.83% | 57.18% | 48.24% |
| Gross Profit | 5.81M | 638.58K | 3.98M | 4.11M | 5.64M | 971.68K | 4.44M | 4.86M | 3.34M | 120.98K | 4.78M | 6.25M | 6.04M | -373.13K | 5.06M | 5.05M | 4.31M | 593.62K | 4.78M | 7.89M |
| Gross Margin % | 35.65% | 12.17% | 32.67% | 33.11% | 36.9% | 26.76% | 38.45% | 39.73% | 22.44% | 5.1% | 42.95% | 48.95% | 44.95% | -14.62% | 43.55% | 42.98% | 35.94% | 16.17% | 42.82% | 51.76% |
| Gross Profit Growth % | 3.07% | -34.28% | -10.31% | -15.42% | 69.01% | 703.19% | -7.14% | -22.27% | -44.72% | 132.42% | -5.62% | 23.81% | 40.09% | -162.86% | 5.87% | -35.95% | -14.27% | - | - | - |
| Operating Expenses | 728.28K | 854.2K | 852.48K | 1.03M | 1.67M | 1.17M | 953.33K | 1.14M | 1.03M | 2.15M | 492.05K | 158.65K | 1.74M | 434.99K | 323.52K | 996.96K | 880.34K | 622K | 441.82K | 946.03K |
| OpEx % of Revenue | 4.46% | 16.28% | 7% | 8.28% | 10.92% | 32.16% | 8.26% | 9.28% | 6.94% | 90.61% | 4.42% | 1.24% | 12.94% | 17.04% | 2.78% | 8.48% | 7.34% | 16.94% | 3.96% | 6.21% |
| Selling, General & Admin | 421.05B | 854.2K | 852.48K | 1.03M | 1.67M | 1.3M | 909.47K | 1.09M | 990.32K | 2.13M | 471.47K | 138.27K | 1.72M | 415.05K | 302.78K | 975.25K | 857.49K | 599.56K | 419.56K | 923.45K |
| SG&A % of Revenue | 2581201.8% | 16.28% | 7% | 8.28% | 10.92% | 35.73% | 7.88% | 8.93% | 6.66% | 89.65% | 4.24% | 1.08% | 12.78% | 16.26% | 2.6% | 8.3% | 7.15% | 16.33% | 3.76% | 6.06% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 5.09M | -215.62K | 3.13M | 3.08M | 3.97M | -195.8K | 3.48M | 3.73M | 2.3M | -2.03M | 4.29M | 6.09M | 4.3M | -808.12K | 4.74M | 4.05M | 3.43M | -28.39K | 4.34M | 6.94M |
| Operating Margin % | 31.18% | -4.11% | 25.67% | 24.82% | 25.98% | -5.39% | 30.19% | 30.45% | 15.49% | -85.51% | 38.53% | 47.71% | 32.01% | -31.66% | 40.77% | 34.49% | 28.6% | -0.77% | 38.86% | 45.55% |
| Operating Income Growth % | 28.03% | -10.12% | -10.24% | -17.24% | 72.36% | 90.36% | -18.73% | -38.88% | -46.4% | -151.25% | -9.56% | 50.34% | 25.36% | -2746.88% | 9.2% | -41.58% | 147.24% | - | - | - |
| EBITDA | 5.25M | -55.94K | 3.28M | 3.24M | 4.13M | -193.3K | 3.49M | 3.73M | 2.31M | -2.03M | 4.29M | 6.1M | 4.3M | -805.64K | 4.74M | 4.06M | 3.43M | -24.65K | 4.34M | 6.94M |
| EBITDA Margin % | 32.2% | -1.07% | 26.9% | 26.07% | 27.02% | -5.32% | 30.21% | 30.47% | 15.51% | -85.41% | 38.57% | 47.73% | 32.03% | -31.56% | 40.79% | 34.56% | 28.62% | -0.67% | 38.89% | 45.55% |
| EBITDA Growth % | 27.15% | 71.06% | -5.98% | -13.15% | 79.06% | 90.47% | -18.76% | -38.86% | -46.38% | -151.73% | -9.5% | 50.12% | 25.34% | -3167.8% | 9.18% | -41.48% | 94.86% | - | - | - |
| D&A (Non-Cash Add-back) | 166.43K | 159.68K | 150.65K | 154.72K | 158.49K | 2.5K | 2.51K | 2.48K | 2.32K | 2.35K | 4.66K | 2.37K | 2.43K | 2.47K | 2.33K | 7.55K | 2.62K | 3.73K | 2.93K | 202 |
| EBIT | 5.11M | -156.39K | 3.16M | 3.12M | 4.01M | 26.97K | 3.64M | 3.8M | 2.39M | -2.05M | 4.15M | 6.27M | 4.23M | -39.45K | 4.58M | 4.15M | 3.62M | 760.23K | 4.37M | 6.95M |
| Net Interest Income | 23.15K | 23.32K | 36.56K | 35.65K | 61.09K | 43.94K | 39K | 38.05K | -1.14M | -13.07K | -109.26K | -8.07K | -4.2K | -23.17K | -29.07K | -26.89K | -27.04K | 3.9K | 28.8K | 13.38K |
| Interest Income | 23.15K | 23.32K | 36.56K | 35.65K | 61.09K | 43.94K | 39K | 38.05K | 31.35K | 27.87K | 30.62K | 30.03K | 29.2K | 29.46K | 29.62K | 30.5K | 29.13K | 3.9K | 28.8K | 13.38K |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 5.11M | -156.39K | 3.16M | 3.12M | 4.03M | 26.97K | 3.64M | 3.8M | 1.22M | -2.09M | 4.01M | 6.23M | 4.2M | -92.08K | 4.52M | 4.09M | 3.56M | 760.23K | 4.37M | 6.95M |
| Pretax Margin % | 31.32% | -2.98% | 25.97% | 25.11% | 26.38% | 0.74% | 31.55% | 31.07% | 8.21% | -87.93% | 36.02% | 48.76% | 31.26% | -3.61% | 38.91% | 34.79% | 29.71% | 20.71% | 39.12% | 45.65% |
| Income Tax | 1.24M | 14.84K | 635.68K | 876.72K | 1.47M | -82.92K | 979.44K | 1.1M | 661.85K | -27.07K | 1.15M | 1.56M | 1.41M | -39.78K | 1.23M | 1.16M | 1M | 78.09K | 1.09M | 1.89M |
| Effective Tax Rate % | 24.33% | -9.49% | 20.1% | 28.11% | 36.47% | -307.47% | 26.91% | 28.92% | 54.22% | 1.3% | 28.65% | 24.98% | 33.47% | 43.21% | 27.26% | 28.33% | 28.1% | 10.27% | 25.01% | 27.14% |
| Net Income | 3.87M | -171.23K | 2.53M | 2.24M | 2.56M | 109.89K | 2.66M | 2.7M | 558.87K | -2.06M | 2.86M | 4.67M | 2.79M | -52.3K | 3.29M | 2.93M | 2.56M | 682.14K | 3.28M | 5.07M |
| Net Margin % | 23.7% | -3.26% | 20.75% | 18.05% | 16.76% | 3.03% | 23.06% | 22.08% | 3.76% | -86.79% | 25.7% | 36.58% | 20.79% | -2.05% | 28.3% | 24.94% | 21.36% | 18.58% | 29.33% | 33.26% |
| Net Income Growth % | 50.87% | -255.81% | -5.02% | -17.02% | 358.55% | 105.33% | -6.93% | -42.18% | -79.99% | -3840.78% | -13.09% | 59.45% | 9% | -107.67% | 0.43% | -42.16% | -69.35% | - | - | - |
| Net Income (Continuing) | 3.87M | -171.23K | 2.53M | 2.24M | 2.56M | 109.89K | 2.66M | 2.7M | 558.87K | -2.06M | 2.86M | 4.67M | 2.79M | -52.3K | 3.29M | 2.93M | 2.56M | 682.14K | 3.28M | 5.07M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.32 | -0.01 | 0.21 | 0.19 | 0.21 | 0.01 | 0.22 | 0.23 | 0.04 | -0.22 | 0.29 | 0.48 | 0.34 | -0.03 | 1.91 | 1.80 | 1.57 | 0.43 | 2.01 | 3.10 |
| EPS Growth % | 52.38% | - | -4.55% | -17.39% | 403.6% | 104.18% | -24.14% | -52.08% | -87.74% | -607.4% | -84.82% | -73.33% | -78.34% | -107.23% | -4.98% | -41.94% | -69.34% | - | - | - |
| EPS (Basic) | 0.32 | -0.01 | 0.21 | 0.19 | 0.21 | 0.01 | 0.22 | 0.23 | 0.04 | -0.22 | 0.29 | 0.48 | 0.35 | -0.03 | 2.03 | 1.83 | 1.61 | 0.43 | 2.06 | 3.19 |
| Diluted Shares Outstanding | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.98M | 11.98M | 11.98M | 13.39M | 9.38M | 9.79M | 9.78M | 8.1M | 1.68M | 1.72M | 1.63M | 1.63M | 1.59M | 1.63M | 1.63M |
| Basic Shares Outstanding | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 13.34M | 9.29M | 9.71M | 9.68M | 7.99M | 1.68M | 1.62M | 1.6M | 1.59M | 1.59M | 1.59M | 1.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |