NASDAQ : WETH
Wetouch Technology Inc. — Financial statements
Technology · Electronic Components · China
Last price 0.8556 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 38.01M
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Financial statements
Wetouch Technology Inc. (WETH) reported revenue of 47.74M 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 | 47.74M | 45.14M | 42.28M | 39.71M | 37.92M | 40.79M |
| Cost of Revenue | 32.42M | 30.77M | 28.67M | 22.52M | 23.87M | 22.35M |
| Gross Profit | 15.32M | 14.37M | 13.61M | 17.19M | 14.05M | 18.43M |
| Selling, General & Admin | 3.13M | 4.40M | 4.29M | 4.46M | 2.55M | 2.57M |
| Research & Development | 84.55K | 85.25K | 89.48K | |||
| Operating Expenses | 4.16M | 4.40M | 4.29M | 4.54M | 2.64M | 5.81M |
| Operating Income | 11.16M | 9.97M | 9.32M | 12.65M | 11.41M | 12.62M |
| Interest Expense | -1.17M | -252.32K | -224.88K | -27.45K | ||
| Interest & Investment Income | 107.14K | 156.63K | 152.34K | 117.72K | 118.71K | 95.53K |
| Other Non Operating Income (Expenses) | 35.91K | 35.91K | 389.08K | -168.74K | 871.68K | 1.45M |
| EBT Excluding Unusual Items | 11.31M | 10.16M | 8.69M | 12.35M | 12.18M | 14.15M |
| Gain (Loss) on Sale of Assets | 7.65M | |||||
| Other Unusual Items | -96.93K | |||||
| Pretax Income | 11.31M | 10.16M | 8.69M | 12.35M | 12.08M | 21.80M |
| Income Tax Expense | 2.92M | 3.00M | 2.66M | 4.08M | 3.35M | 4.41M |
| Net Income | 8.39M | 7.16M | 6.03M | 8.26M | 8.73M | 17.39M |
| Net Income to Common | 8.39M | 7.16M | 6.03M | 8.26M | 8.73M | 17.39M |
| Shares Outstanding (Basic) | 12.02M | 11.93M | 11.63M | 9.29M | 1.62M | 1.59M |
| Shares Outstanding (Diluted) | 12.02M | 11.93M | 11.68M | 9.38M | 1.84M | 1.63M |
| EPS (Basic) | 0.70 | 0.60 | 0.52 | 0.89 | 5.39 | 10.93 |
| EPS (Diluted) | 0.70 | 0.60 | 0.52 | 0.89 | 4.73 | 10.93 |
| Free Cash Flow | 7.86M | 7.07M | 797.25K | 10.46M | 8.59M | 2.36M |
| Free Cash Flow Per Share | 0.65 | 0.59 | 0.07 | 1.12 | 4.66 | 1.44 |
| Gross Margin | 32.10% | 31.84% | 32.18% | 43.30% | 37.05% | 45.19% |
| Operating Margin | 23.38% | 22.08% | 22.04% | 31.86% | 30.10% | 30.95% |
| Profit Margin | 17.57% | 15.86% | 14.27% | 20.81% | 23.02% | 42.63% |
| Free Cash Flow Margin | 16.47% | 15.66% | 1.89% | 26.35% | 22.64% | 5.78% |
| EBITDA | 11.21M | 9.99M | 9.33M | 12.66M | 11.42M | 13.01M |
| EBITDA Margin | 23.47% | 22.13% | 22.06% | 31.88% | 30.13% | 31.89% |
| D&A For EBITDA | 44.37K | 22.37K | 9.80K | 9.40K | 9.89K | 381.17K |
| EBIT | 11.16M | 9.97M | 9.32M | 12.65M | 11.41M | 12.62M |
| EBIT Margin | 23.38% | 22.08% | 22.04% | 31.86% | 30.10% | 30.95% |
| Effective Tax Rate | 25.81% | 29.52% | 30.59% | 33.07% | 27.75% | 20.23% |
| Revenue as Reported | 40.79M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 127.52M | 118.36M | 103.76M | 98.04M | 51.25M | 46.16M |
| Cash & Short-Term Investments | 127.52M | 118.36M | 103.76M | 98.04M | 51.25M | 46.16M |
| Accounts Receivable | 9.33M | 6.51M | 7.50M | 7.46M | 9.06M | 7.99M |
| Other Receivables | 85.33K | 174.78K | 78.68K | 72.11K | 409.00K | 364.51K |
| Receivables | 9.41M | 6.68M | 7.58M | 7.53M | 9.47M | 8.36M |
| Inventory | 9.19K | 45.20K | 112.33K | 222.10K | 423.28K | 244.38K |
| Prepaid Expenses | 955.00K | 955.00K | 1.84M | |||
| Other Current Assets | 57.92K | 59.84K | 844.21K | 991.52K | 1.04M | 2.08M |
| Total Current Assets | 137.95M | 126.10M | 114.14M | 106.78M | 62.18M | 56.85M |
| Property, Plant & Equipment | 9.37M | 9.41M | 13.84M | 12.86M | 10.92M | 11.83M |
| Other Intangible Assets | 543.09K | 544.12K | ||||
| Long-Term Deferred Tax Assets | 77.36K | 71.22K | 41.40K | |||
| Other Long-Term Assets | 4.65M | 4.51M | ||||
| Total Assets | 152.59M | 140.64M | 128.02M | 119.64M | 73.11M | 68.68M |
| Accounts Payable | 861.78K | 1.06M | 1.26M | 640.79K | 1.38M | 800.59K |
| Accrued Expenses | 616.28K | 595.25K | 368.63K | 3.33M | 944.62K | 120.14K |
| Short-Term Debt | 1.24M | 1.66M | 2.03M | |||
| Current Portion of Leases | 215.72K | 521.45K | 571.54K | |||
| Current Income Taxes Payable | 929.72K | 22.15K | 65.46K | |||
| Other Current Liabilities | 1.21M | 1.06M | 747.04K | 1.13M | 1.67K | 224.94K |
| Total Current Liabilities | 3.83M | 3.24M | 2.95M | 6.34M | 4.01M | 3.24M |
| Long-Term Leases | 482.61K | |||||
| Other Long-Term Liabilities | 378.37K | 256.96K | 1.13M | |||
| Total Liabilities | 3.83M | 3.24M | 3.43M | 6.72M | 4.27M | 4.37M |
| Common Stock | 12.53K | 11.93K | 11.93K | 9.73K | 1.68K | 31.81K |
| Additional Paid-In Capital | 53.53M | 52.50M | 52.50M | 43.51M | 3.40M | 2.33M |
| Retained Earnings | 95.89M | 89.86M | 82.70M | 76.67M | 68.41M | 59.68M |
| Comprehensive Income & Other | -678.59K | -4.98M | -10.63M | -7.28M | -2.98M | 2.27M |
| Shareholders' Equity | 148.76M | 137.39M | 124.59M | 112.92M | 68.83M | 64.31M |
| Total Liabilities & Equity | 152.59M | 140.64M | 128.02M | 119.64M | 73.11M | 68.68M |
| Total Debt | 215.72K | 521.45K | 1.05M | 1.24M | 1.66M | 2.03M |
| Net Cash (Debt) | 127.30M | 117.84M | 102.71M | 96.80M | 49.59M | 44.13M |
| Net Cash Per Share | 10.59 | 9.88 | 8.79 | 10.33 | 26.89 | 27.03 |
| Filing Date Shares Outstanding | 13.38M | 11.93M | 11.93M | 11.93M | 9.68M | 1.60M |
| Total Common Shares Outstanding | 12.53M | 11.93M | 11.93M | 9.73M | 1.68M | 1.59M |
| Working Capital | 134.12M | 122.86M | 111.19M | 100.44M | 58.17M | 53.60M |
| Book Value Per Share | 11.87 | 11.52 | 10.44 | 11.60 | 40.97 | 40.43 |
| Tangible Book Value | 148.22M | 136.85M | 124.59M | 112.92M | 68.83M | 64.31M |
| Tangible Book Value Per Share | 11.83 | 11.47 | 10.44 | 11.60 | 40.97 | 40.43 |
| Buildings | 12.69K | 12.31K | 11.80K | 12.13K | 12.49K | 13.51K |
| Machinery | 51.41K | 49.88K | 47.79K | 45.19K | 42.45K | 45.95K |
| Construction In Progress | 9.14M | 8.86M | 12.76M | 12.83M | 10.88M | 11.78M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.39M | 7.16M | 6.03M | 8.26M | 8.73M | 17.39M |
| Depreciation & Amortization | 655.38K | 623.53K | 108.19K | 9.40K | 9.89K | 381.17K |
| Other Amortization | 5.71K | 33.66K | 148.37K | 8.55K | ||
| Loss (Gain) From Sale of Assets | -7.65M | |||||
| Asset Writedown & Restructuring Costs | 175.43K | 175.43K | ||||
| Stock-Based Compensation | 1.03M | 3.15M | ||||
| Provision & Write-off of Bad Debts | -76.84K | -30.52K | 44.86K | -76.49K | ||
| Other Operating Activities | 70.36K | -36.97K | -323.50K | 121.41K | -700.65K | -403.40K |
| Change in Accounts Receivable | 1.75M | 1.29M | -256.68K | 1.35M | -1.50M | 4.99M |
| Change in Inventory | 67.54K | 107.07K | 50.33K | 187.53K | -197.45K | 190.49K |
| Change in Accounts Payable | -678.20K | -248.65K | 649.91K | -704.70K | 637.37K | -167.19K |
| Change in Unearned Revenue | -728.82K | |||||
| Change in Income Taxes | 63.08K | -21.58K | -41.07K | -50.42K | ||
| Change in Other Net Operating Assets | -3.22M | -1.62M | -5.20M | 3.49M | 1.50M | -2.98M |
| Operating Cash Flow | 8.18M | 7.39M | 1.07M | 12.72M | 8.59M | 14.05M |
| Capital Expenditures | -322.30K | -322.30K | -271.83K | -2.26M | -11.70M | |
| Sale of Property, Plant & Equipment | 17.86M | |||||
| Investing Cash Flow | -322.30K | -322.30K | -271.83K | -2.26M | 6.16M | |
| Short-Term Debt Issued | 385.79K | 2.02M | ||||
| Total Debt Issued | 385.79K | 2.02M | ||||
| Short-Term Debt Repaid | -1.40M | -55.00K | -1.04M | -162.00K | ||
| Total Debt Repaid | -1.40M | -55.00K | -1.04M | -162.00K | ||
| Net Debt Issued (Repaid) | -1.40M | -55.00K | -652.63K | 1.86M | ||
| Issuance of Common Stock | 40.00M | |||||
| Other Financing Activities | 8.99M | |||||
| Financing Cash Flow | 7.59M | 39.95M | -652.63K | 1.86M | ||
| Foreign Exchange Rate Adjustments | 9.20M | 7.53M | -2.67M | -3.62M | -2.85M | 121.78K |
| Net Cash Flow | 17.06M | 14.60M | 5.72M | 46.79M | 5.09M | 22.20M |
| Free Cash Flow | 7.86M | 7.07M | 797.25K | 10.46M | 8.59M | 2.36M |
| Free Cash Flow Margin | 16.47% | 15.66% | 1.89% | 26.35% | 22.64% | 5.78% |
| Free Cash Flow Per Share | 0.65 | 0.59 | 0.07 | 1.12 | 4.66 | 1.44 |
| Levered Free Cash Flow | 9.83M | 9.51M | 572.03K | 10.47M | 8.04M | 603.59K |
| Unlevered Free Cash Flow | 9.83M | 9.51M | 1.30M | 10.59M | 8.03M | 612.20K |
| Cash Interest Paid | 1.19M | 10.00K | ||||
| Cash Income Tax Paid | 3.04M | 3.03M | 2.89M | 4.10M | 3.39M | 3.77M |
| Change in Working Capital | -2.06M | -500.41K | -4.80M | 4.30M | 398.19K | 1.25M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 38.64M | 15.99M | 21.12M | 49.64M | 6.38M | 23.29M |
| Enterprise Value | -88.66M | -96.54M | -85.62M | -42.68M | -37.23M | -30.78M |
| Last Close Price | 0.87 | 1.30 | 1.71 | 4.94 | 3.68 | 14.18 |
| PE Ratio | 1.25 | 2.23 | 3.50 | 6.01 | 0.73 | 1.34 |
| PS Ratio | 0.81 | 0.35 | 0.50 | 1.25 | 0.17 | 0.57 |
| PB Ratio | 0.07 | 0.12 | 0.17 | 0.44 | 0.09 | 0.36 |
| P/TBV Ratio | 0.26 | 0.12 | 0.17 | 0.44 | 0.09 | 0.36 |
| P/FCF Ratio | 4.91 | 2.26 | 26.49 | 4.75 | 0.74 | 9.88 |
| P/OCF Ratio | 4.72 | 2.16 | 19.75 | 3.90 | 0.74 | 1.66 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 |
| Debt / EBITDA Ratio | 0.02 | 0.05 | 0.11 | 0.10 | 0.15 | 0.16 |
| Debt / FCF Ratio | 0.03 | 0.07 | 1.32 | 0.12 | 0.19 | 0.86 |
| Net Debt / Equity Ratio | -0.86 | -0.86 | -0.82 | -0.86 | -0.72 | -0.69 |
| Net Debt / EBITDA Ratio | -11.36 | -11.80 | -11.01 | -7.65 | -4.34 | -3.39 |
| Net Debt / FCF Ratio | -16.19 | -16.67 | -128.83 | -9.25 | -5.78 | -18.73 |
| Asset Turnover | 0.33 | 0.34 | 0.34 | 0.41 | 0.54 | 0.70 |
| Inventory Turnover | 418.69 | 390.61 | 171.48 | 69.77 | 71.51 | 69.16 |
| Quick Ratio | 35.72 | 38.55 | 37.73 | 16.64 | 15.12 | 16.82 |
| Current Ratio | 35.99 | 38.88 | 38.68 | 16.84 | 15.49 | 17.54 |
| Return on Equity (ROE) | 5.98% | 5.47% | 5.08% | 9.09% | 13.11% | 32.00% |
| Return on Assets (ROA) | 4.82% | 4.64% | 4.70% | 8.20% | 10.06% | 13.63% |
| Return on Invested Capital (ROIC) | 37.23% | 33.91% | 34.04% | 47.88% | 41.84% | 49.65% |
| Return on Capital Employed (ROCE) | 7.50% | 7.30% | 7.40% | 11.20% | 16.50% | 19.30% |
| Earnings Yield | 80.24% | 44.79% | 28.56% | 16.65% | 136.74% | 74.66% |
| FCF Yield | 20.35% | 44.21% | 3.77% | 21.07% | 134.48% | 10.12% |
| Buyback Yield / Dilution | -0.48% | -2.14% | -24.60% | -408.48% | -12.93% | -12.65% |