Wetouch Technology Inc. Income Statement
WETH|6 years of annual SEC 10-K data (FY2020-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 6 fiscal years. All figures from audited SEC 10-K filings.
Wetouch Technology Inc. reported $42M in revenue and $6M in net income for FY2025. Revenue has grown at a 1.1% compound annual rate over the past 5 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.39 (safe zone, above 2.9 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $42.3M | $39.7M | $37.9M | $40.8M | $31.3M | $40.0M |
| Cost of Revenue | $28.7M | $22.5M | $23.9M | $22.3M | $15.7M | $20.3M |
| Gross Profit | $13.6M | $17.2M | $14.1M | $18.4M | $15.6M | $19.7M |
| SG&A Expense | $3.5M | $3.8M | $1.3M | $1.9M | $2.3M | $2.3M |
| R&D Expense | - | $84.6K | $85.3K | $89.5K | $78.0K | $136.4K |
| Operating Income | $9.3M | $12.7M | $11.4M | $12.6M | $11.9M | $17.0M |
| Interest Expense | - | $252.3K | $224.9K | $27.4K | $1.7M | $16.9K |
| Income Tax | $2.7M | $4.1M | $3.4M | $4.4M | $1.5M | $2.7M |
| Net Income | $6.0M | $8.3M | $8.7M | $17.4M | $8.9M | $13.7M |
| EPS (Basic) | $0.52 | $0.89 | $5.38 | $0.55 | $0.31 | $0.49 |
| EPS (Diluted) | $0.52 | $0.89 | $4.73 | $0.55 | $0.31 | $0.49 |
| Shares Outstanding | 11.9M | 9.7M | 1.7M | 31.8M | 31.5M | 28.0M |
| Gross Margin | 32.2% | 43.3% | 37.0% | 45.2% | 49.8% | 49.3% |
| Operating Margin | 22.0% | 31.9% | 30.1% | 30.9% | 37.9% | 42.5% |
| Profit Margin | 14.3% | 20.8% | 23.0% | 42.6% | 28.5% | 34.3% |