NASDAQ : GURE
Gulf Resources, Inc. — Financial statements
Materials · Chemicals · China
Last price 3.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.60M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Gulf Resources, Inc. (GURE) reported revenue of 30.73M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 30.73M | 25.42M | 7.66M | 30.04M | 66.09M | 55.03M |
| Cost of Revenue | 31.55M | 28.36M | 23.63M | 37.63M | 40.67M | 37.85M |
| Gross Profit | -828.81K | -2.94M | -15.97M | -7.59M | 25.42M | 17.18M |
| Selling, General & Admin | 5.10M | 5.63M | 6.28M | 4.30M | 6.09M | 9.59M |
| Other Operating Expenses | 2.85M | 2.38M | ||||
| Operating Expenses | 5.10M | 5.63M | 6.28M | 4.30M | 8.94M | 11.97M |
| Operating Income | -5.93M | -8.57M | -22.25M | -11.89M | 16.48M | 5.21M |
| Interest Expense | -577.36K | -372.64K | -91.90K | -105.21K | -121.40K | -137.18K |
| Interest & Investment Income | 695.65K | 427.40K | 80.26K | 250.13K | 286.14K | 295.17K |
| Other Non Operating Income (Expenses) | -4.00M | -4.00M | -50.47K | -46.51M | 4.64K | |
| EBT Excluding Unusual Items | -9.82M | -12.52M | -22.31M | -58.26M | 16.65M | 5.37M |
| Gain (Loss) on Sale of Assets | -1.33M | -1.33M | -29.17M | |||
| Asset Writedown | -30.07M | -30.07M | -6.77M | |||
| Pretax Income | -41.22M | -43.92M | -58.25M | -58.26M | 16.65M | 5.37M |
| Income Tax Expense | 1.65M | 3.54M | 6.59M | 6.30M | ||
| Net Income | -41.22M | -43.92M | -59.90M | -61.80M | 10.06M | -924.72K |
| Net Income to Common | -41.22M | -43.92M | -59.90M | -61.80M | 10.06M | -924.72K |
| Shares Outstanding (Basic) | 1.54M | 1.33M | 1.09M | 1.04M | 1.00M | 1.05M |
| Shares Outstanding (Diluted) | 1.54M | 1.33M | 1.09M | 1.04M | 1.00M | 1.05M |
| EPS (Basic) | -26.72 | -32.95 | -54.88 | -59.21 | 10.02 | -0.88 |
| EPS (Diluted) | -26.72 | -32.95 | -54.88 | -59.21 | 10.02 | -0.88 |
| Free Cash Flow | -4.85M | -1.05M | -28.25M | -32.75M | 13.59M | -6.78M |
| Free Cash Flow Per Share | -3.14 | -0.78 | -25.88 | -31.38 | 13.54 | -6.48 |
| Gross Margin | -2.70% | -11.56% | -208.41% | -25.27% | 38.46% | 31.22% |
| Operating Margin | -19.30% | -33.71% | -290.41% | -39.58% | 24.94% | 9.47% |
| Profit Margin | -134.15% | -172.79% | -781.89% | -205.68% | 15.22% | -1.68% |
| Free Cash Flow Margin | -15.78% | -4.11% | -368.72% | -109.01% | 20.56% | -12.32% |
| EBITDA | 10.60M | 7.69M | -3.38M | 448.21K | 28.74M | 17.43M |
| EBITDA Margin | 34.51% | 30.27% | -44.16% | 1.49% | 43.49% | 31.67% |
| D&A For EBITDA | 16.54M | 16.26M | 18.87M | 12.34M | 12.26M | 12.22M |
| EBIT | -5.93M | -8.57M | -22.25M | -11.89M | 16.48M | 5.21M |
| EBIT Margin | -19.30% | -33.71% | -290.41% | -39.58% | 24.94% | 9.47% |
| Effective Tax Rate | 39.57% | 117.21% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.19M | 3.79K | 10.08M | 72.22M | 108.23M | 95.77M |
| Cash & Short-Term Investments | 9.19M | 3.79K | 10.08M | 72.22M | 108.23M | 95.77M |
| Accounts Receivable | 15.48M | 3.27M | 564.52K | 4.87M | 5.36M | 14.53M |
| Other Receivables | 2.51M | 2.44M | 119.11K | 7.48K | 637.00 | 644.00 |
| Receivables | 17.98M | 20.06M | 683.64K | 4.87M | 5.36M | 14.53M |
| Inventory | 814.92K | 562.82K | 315.37K | 577.23K | 1.60M | 691.11K |
| Other Current Assets | 2.97M | 3.94M | 6.38M | 8.40M | 4.24M | 4.45M |
| Total Current Assets | 30.96M | 24.57M | 17.45M | 86.07M | 119.43M | 115.43M |
| Property, Plant & Equipment | 105.40M | 108.75M | 140.76M | 128.97M | 158.18M | 171.15M |
| Long-Term Deferred Tax Assets | 1.86M | 5.32M | 12.90M | |||
| Other Long-Term Assets | 413.00K | 406.82K | 9.62M | 9.77M | 9.51M | 10.37M |
| Total Assets | 136.78M | 133.73M | 167.82M | 226.67M | 292.43M | 309.86M |
| Accounts Payable | 1.42M | 146.15K | 30.00K | 206.98K | 57.65K | 202.29K |
| Accrued Expenses | 2.51M | 2.08M | 1.22M | 3.71M | 2.06M | 2.16M |
| Short-Term Debt | 5.36M | 2.85M | ||||
| Current Portion of Leases | 373.90K | 752.76K | 3.83M | 646.28K | 646.79K | 734.01K |
| Other Current Liabilities | 2.03M | 2.42M | 7.89M | 8.02M | 9.01M | 10.79M |
| Total Current Liabilities | 11.69M | 8.24M | 12.98M | 12.59M | 11.78M | 13.89M |
| Long-Term Debt | 2.34M | |||||
| Long-Term Leases | 11.68M | 11.67M | 12.03M | 8.84M | 9.04M | 9.33M |
| Total Liabilities | 23.37M | 22.25M | 25.01M | 21.42M | 20.81M | 23.22M |
| Common Stock | 921.00 | 784.00 | 560.00 | 24.62K | 24.48K | 24.38K |
| Additional Paid-In Capital | 106.96M | 105.93M | 101.91M | 101.69M | 101.24M | 100.57M |
| Retained Earnings | 16.36M | 19.14M | 63.06M | 122.96M | 184.76M | 174.70M |
| Treasury Stock | -1.37M | -1.37M | -1.37M | -1.37M | -1.37M | -510.33K |
| Comprehensive Income & Other | -8.54M | -12.22M | -20.78M | -18.05M | -13.03M | 11.86M |
| Shareholders' Equity | 113.41M | 111.48M | 142.81M | 205.25M | 271.62M | 286.64M |
| Total Liabilities & Equity | 136.78M | 133.73M | 167.82M | 226.67M | 292.43M | 309.86M |
| Total Debt | 17.41M | 17.61M | 15.87M | 9.48M | 9.68M | 10.06M |
| Net Cash (Debt) | -8.22M | -17.61M | -5.79M | 62.74M | 98.54M | 85.71M |
| Net Cash Per Share | -5.33 | -13.21 | -5.30 | 60.12 | 98.16 | 81.84 |
| Filing Date Shares Outstanding | 1.81M | 1.81M | 1.07M | 1.07M | 1.04M | 1.05M |
| Total Common Shares Outstanding | 1.81M | 1.54M | 1.07M | 1.07M | 1.04M | 1.05M |
| Working Capital | 19.27M | 16.33M | 4.47M | 73.48M | 107.65M | 101.55M |
| Book Value Per Share | 62.53 | 72.41 | 133.13 | 191.34 | 260.37 | 273.72 |
| Tangible Book Value | 113.41M | 111.48M | 142.81M | 205.25M | 271.62M | 286.64M |
| Tangible Book Value Per Share | 62.53 | 72.41 | 133.13 | 191.34 | 260.37 | 273.72 |
| Buildings | 29.86M | 31.50M | 34.91M | |||
| Machinery | 130.74M | 126.03M | 145.40M | 187.32M | 188.38M | 203.65M |
| Construction In Progress | 10.16M | 10.31M | 11.36M | 44.31M | ||
| Leasehold Improvements | 14.28M | 13.05M | 3.51M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -41.22M | -43.92M | -59.90M | -61.80M | 10.06M | -924.72K |
| Depreciation & Amortization | 17.42M | 17.14M | 19.74M | 12.34M | 12.26M | 12.22M |
| Loss (Gain) From Sale of Assets | 1.33M | 1.33M | 29.17M | |||
| Asset Writedown & Restructuring Costs | 30.07M | 30.07M | 6.77M | 15.69M | 14.51M | 8.32M |
| Stock-Based Compensation | 734.70K | 930.80K | 194.70K | 451.35K | 668.00K | 3.13M |
| Provision & Write-off of Bad Debts | 46.35K | -13.73K | 1.67M | 431.00 | ||
| Other Operating Activities | 4.36M | 4.36M | 2.82M | 3.54M | 7.27M | 7.22M |
| Change in Accounts Receivable | -12.08M | -2.64M | 4.26M | 410.06K | 8.20M | -7.75M |
| Change in Inventory | -563.72K | -530.03K | -733.30K | 769.54K | -938.92K | -260.00K |
| Change in Accounts Payable | 1.54M | 460.72K | -2.19M | 1.11M | -820.63K | 2.86M |
| Change in Income Taxes | 355.06K | 302.42K | -357.95K | -213.48K | -288.20K | -534.31K |
| Change in Other Net Operating Assets | 3.70M | 309.35K | -775.52K | -5.06M | 227.67K | -971.27K |
| Operating Cash Flow | 5.70M | 7.80M | 675.83K | -32.75M | 51.15M | 23.31M |
| Capital Expenditures | -10.55M | -8.85M | -28.92M | -37.56M | -30.09M | |
| Divestitures | 207.60K | 207.60K | ||||
| Other Investing Activities | 12.96K | 2.80K | -25.27K | |||
| Investing Cash Flow | -9.82M | -22.57M | -28.95M | -37.56M | -30.09M | |
| Short-Term Debt Issued | 2.80M | 14.85K | ||||
| Long-Term Debt Issued | 2.31M | |||||
| Total Debt Issued | 5.11M | 5.11M | 14.85K | |||
| Long-Term Debt Repaid | -262.78K | -31.87M | -267.81K | -264.86K | -290.60K | |
| Net Debt Issued (Repaid) | 4.83M | 4.84M | -31.85M | -267.81K | -264.86K | -290.60K |
| Financing Cash Flow | 5.39M | 4.84M | -31.85M | -267.81K | -264.86K | -290.60K |
| Foreign Exchange Rate Adjustments | 186.15K | -146.42K | -2.02M | -2.98M | -864.32K | 8.62M |
| Net Cash Flow | 1.45M | -10.07M | -62.15M | -36.00M | 12.46M | 1.54M |
| Free Cash Flow | -4.85M | -1.05M | -28.25M | -32.75M | 13.59M | -6.78M |
| Free Cash Flow Margin | -15.78% | -4.11% | -368.72% | -109.01% | 20.56% | -12.32% |
| Free Cash Flow Per Share | -3.14 | -0.78 | -25.88 | -31.38 | 13.54 | -6.48 |
| Levered Free Cash Flow | -14.17M | -18.06M | -19.27M | 3.46M | -7.96M | -11.40M |
| Unlevered Free Cash Flow | -13.81M | -17.83M | -19.22M | 3.52M | -7.89M | -11.31M |
| Cash Interest Paid | 808.27K | 729.50K | 32.07M | 96.91K | 120.33K | 136.71K |
| Cash Income Tax Paid | 2.53M | 2.34M | 1.52M | 6.41M | 10.08M | 13.82M |
| Change in Working Capital | -7.05M | -2.09M | 205.71K | -2.98M | 6.38M | -6.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.35M | 5.70M | 6.09M | 17.21M | 32.36M | 45.33M |
| Enterprise Value | 13.57M | 7.94M | 3.69M | -77.64M | -50.79M | -43.78M |
| Last Close Price | 2.95 | 3.70 | 5.67 | 16.50 | 30.90 | 43.30 |
| PE Ratio | 3.22 | |||||
| PS Ratio | 0.17 | 0.22 | 0.80 | 0.57 | 0.49 | 0.82 |
| PB Ratio | 0.05 | 0.05 | 0.04 | 0.08 | 0.12 | 0.16 |
| P/TBV Ratio | 0.05 | 0.05 | 0.04 | 0.08 | 0.12 | 0.16 |
| P/FCF Ratio | 2.38 | |||||
| P/OCF Ratio | 0.94 | 0.73 | 9.01 | 0.63 | 1.95 | |
| EV/Sales Ratio | 0.44 | 0.31 | 0.48 | |||
| EV/EBITDA Ratio | 1.28 | 1.03 | ||||
| Debt / Equity Ratio | 0.15 | 0.16 | 0.11 | 0.05 | 0.04 | 0.04 |
| Debt / EBITDA Ratio | 1.51 | 2.06 | 7.10 | 0.33 | 0.55 | |
| Debt / FCF Ratio | 0.71 | |||||
| Net Debt / Equity Ratio | 0.07 | 0.16 | 0.04 | -0.31 | -0.36 | -0.30 |
| Net Debt / EBITDA Ratio | 0.78 | 2.29 | -1.71 | -139.98 | -3.43 | -4.92 |
| Net Debt / FCF Ratio | -1.70 | -16.84 | -0.20 | 1.92 | -7.25 | 12.64 |
| Asset Turnover | 0.20 | 0.17 | 0.04 | 0.12 | 0.22 | 0.18 |
| Inventory Turnover | 47.45 | 64.58 | 52.94 | 34.59 | 35.53 | 68.16 |
| Quick Ratio | 2.33 | 0.69 | 0.83 | 6.13 | 9.65 | 7.94 |
| Current Ratio | 2.65 | 2.98 | 1.34 | 6.84 | 10.14 | 8.31 |
| Return on Equity (ROE) | -32.25% | -34.54% | -34.42% | -25.92% | 3.60% | -0.33% |
| Return on Assets (ROA) | -2.46% | -3.55% | -7.05% | -2.86% | 3.42% | 1.08% |
| Return on Invested Capital (ROIC) | -4.88% | -6.17% | -15.29% | -7.54% | 5.33% | -0.46% |
| Return on Capital Employed (ROCE) | -4.70% | -6.80% | -14.40% | -5.60% | 5.90% | 1.80% |
| Earnings Yield | -905.70% | -771.04% | -983.99% | -359.01% | 31.09% | -2.04% |
| FCF Yield | -90.61% | -18.36% | -464.03% | -190.28% | 41.99% | -14.96% |
| Buyback Yield / Dilution | -29.57% | -22.11% | -4.60% | -3.95% | 4.13% | -8.51% |