Wetouch Technology Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $45.1M | $42.3M | $39.7M | $37.9M | $40.8M |
| Cost of revenue | $30.8M | $28.7M | $22.5M | $23.9M | $22.3M |
| Gross profit | $14.4M | $13.6M | $17.2M | $14.1M | $18.4M |
| Research and development | — | — | $84,551 | $85,251 | $89,477 |
| Operating expenses | $4.4M | $4.3M | $4.5M | $2.6M | $5.8M |
| Operating income | $10.0M | $9.3M | $12.7M | $11.4M | $12.6M |
| Interest expense | — | $1.2M | $252,325 | $224,885 | $27,450 |
| Pretax income | $10.2M | $8.7M | $12.3M | $12.1M | $21.8M |
| Income tax expense | $3.0M | $2.7M | $4.1M | $3.4M | $4.4M |
| Net income | $7.2M | $6.0M | $8.3M | $8.7M | $17.4M |
| Balance Sheet | |||||
| Cash and equivalents | $118.4M | $103.8M | $98.0M | $51.3M | $46.2M |
| Current assets | $126.1M | $114.1M | $106.8M | $62.2M | $56.8M |
| Total assets | $140.6M | $128.0M | $119.6M | $73.1M | $68.7M |
| Current liabilities | $3.2M | $3.0M | $6.3M | $4.0M | $3.2M |
| Total liabilities | $3.2M | $3.4M | $6.7M | $4.3M | $4.4M |
| Total debt | — | — | $1.3M | $1.3M | $1.8M |
| Stockholders' equity | $137.4M | $124.6M | $112.9M | $68.8M | $64.3M |
| Cash Flow Statement | |||||
| Cash from operations | $7.4M | $1.1M | $12.7M | $8.6M | $14.1M |
| Depreciation and amortization | $5,656 | $9,805 | $9,403 | $9,891 | $5,117 |
| Stock-based compensation | — | — | — | — | $3.1M |
| Capital expenditure | $322,304 | $271,830 | $2.3M | — | $11.7M |
| Free cash flow | $7.1M | $797,248 | $10.5M | — | $2.4M |
Shares outstanding 11.9M · Free float 46.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.