WETOUCH TECHNOLOGY INC. financials
Source: EDGAR filings · Built 2026-06-19T01:45:32Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 7.07M | 797.25K | 10.46M | — | 2.36M | — |
| EBITDA | 9.99M | 9.33M | 12.66M | 11.42M | 13.01M | 12.94M |
| Working Capital | 122.86M | 111.19M | 100.44M | 58.17M | 53.60M | 34.32M |
| Net Debt | -117.84M | -102.71M | -95.60M | -49.97M | -46.00M | — |
| Gross Margin | 101.19% | 91.08% | 142.82% | 37.05% | 45.30% | 49.80% |
| Operating Margin | 70.18% | 62.37% | 105.10% | 30.10% | 31.03% | 37.90% |
| Net Margin | 50.42% | 40.37% | 68.66% | 23.02% | 42.73% | 28.49% |
| Return on Equity (ROE) | 5.21% | 4.84% | 7.32% | 12.68% | 27.04% | 20.13% |
| Return on Assets (ROA) | 5.09% | 4.71% | 6.91% | 11.94% | 25.32% | 18.98% |
| Current Ratio | 38.88× | 38.68× | 16.84× | 15.49× | 17.54× | 16.07× |
| Debt-to-Equity | 0.00× | 0.01× | 0.02× | 0.02× | 0.00× | — |
| Effective Tax Rate | 29.51% | 30.59% | 33.07% | 27.75% | 20.23% | 14.78% |
| Cash Conversion Ratio | 1.03× | 0.18× | 1.54× | 0.98× | 0.81× | 1.45× |
| Accruals Ratio | -0.00× | 0.04× | -0.04× | 0.00× | 0.05× | -0.09× |
| SBC % of Revenue | — | — | — | — | 7.74% | 3.40% |
| CapEx Coverage | 22.93× | 3.93× | 5.62× | — | 1.20× | — |
| Free Cash Flow Per Share | $0.59 | $0.07 | $1.12 | — | $0.07 | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 14.20M | 14.94M | 12.04M | 37.92M | 40.69M | 31.35M |
| Revenues | 45.14M | 42.28M | 39.71M | 37.92M | 40.79M | 31.35M |
| Cost of Goods and Services Sold | — | — | — | 23.87M | 22.26M | 15.74M |
| Cost of Revenue | 30.77M | 28.67M | 22.52M | 23.87M | 22.35M | 15.74M |
| Gross Profit | 14.37M | 13.61M | 17.19M | 14.05M | 18.43M | 15.61M |
| Research and Development Expense | — | — | 84.55K | 85.25K | 89.48K | 78.00K |
| Operating Expenses | 4.40M | 4.29M | 4.54M | 2.64M | 5.81M | 3.73M |
| Operating Income (Loss) | 9.97M | 9.32M | 12.65M | 11.41M | 12.62M | 11.88M |
| Income Tax Expense (Benefit) | 3.00M | 2.66M | 4.08M | 3.35M | 4.41M | 1.55M |
| Net Income (Loss) Attributable to Parent | 7.16M | 6.03M | 8.26M | 8.73M | 17.39M | 8.93M |
| Earnings Per Share, Basic | $0.60 | $0.52 | $0.89 | $5.38 | $0.55 | $0.31 |
| Weighted Average Number of Shares Outstanding, Basic | 11.93M | 11.63M | 9.29M | 1.62M | 31.81M | 28.77M |
| Earnings Per Share, Diluted | $0.60 | $0.52 | $0.89 | $4.73 | $0.55 | $0.31 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.93M | 11.68M | 9.38M | 1.84M | 32.65M | 28.99M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 118.36M | 103.76M | 98.04M | 51.25M | 46.16M | 23.96M |
| Assets, Current | 126.10M | 114.14M | 106.78M | 62.18M | 56.85M | 36.60M |
| Assets | 140.64M | 128.02M | 119.64M | 73.11M | 68.68M | 47.06M |
| Liabilities, Current | 3.24M | 2.95M | 6.34M | 4.01M | 3.24M | 2.28M |
| Liabilities | 3.24M | 3.43M | 6.72M | 4.27M | 4.37M | 2.71M |
| Stockholders' Equity Attributable to Parent | 137.39M | 124.59M | 112.92M | 68.83M | 64.31M | 44.35M |
| Common Stock, Shares, Outstanding | 11.93M | 11.93M | 9.73M | 1.68M | 31.81M | 31.50M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 7.39M | 1.07M | 12.72M | 8.59M | 14.05M | 12.96M |
| Payments to Acquire Property, Plant, and Equipment | 322.30K | 271.83K | 2.26M | — | — | — |
| Net Cash Provided by (Used in) Investing Activities | -322.30K | -271.83K | -2.26M | — | 6.16M | — |
| Net Cash Provided by (Used in) Financing Activities | — | 7.59M | 39.95M | -652.63K | 1.86M | -4.70M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | 1.66M |
| EBITDA | 5.10M | -206.87K | — | 3.09M | 3.98M | -193.30K |
| Working Capital | 128.61M | 122.86M | 120.49M | 118.15M | 114.38M | 111.19M |
| Net Debt | -120.15M | -117.84M | -112.53M | -109.64M | -105.46M | -102.71M |
| Gross Margin | 109.62% | 45.58% | 104.49% | 102.67% | 113.09% | 101.08% |
| Operating Margin | 95.75% | -15.39% | 82.10% | 76.99% | 79.64% | -20.37% |
| Net Margin | 72.78% | -12.22% | 66.37% | 55.98% | 51.37% | 11.43% |
| Return on Equity (ROE) | 2.70% | -0.12% | 1.87% | 1.70% | 2.00% | 0.09% |
| Return on Assets (ROA) | 2.63% | -0.12% | 1.81% | 1.64% | 1.92% | 0.09% |
| Current Ratio | 32.24× | 38.88× | 26.69× | 24.56× | 22.01× | 38.68× |
| Debt-to-Equity | 0.00× | 0.00× | 0.00× | 0.01× | 0.01× | 0.01× |
| Effective Tax Rate | 24.33% | -9.49% | 20.10% | 28.11% | 36.47% | -307.47% |
| Cash Conversion Ratio | 0.13× | 6.40× | 3.36× | 2.09× | 0.80× | 16.51× |
| Accruals Ratio | 0.02× | 0.01× | -0.04× | -0.02× | 0.00× | -0.01× |
| CapEx Coverage | — | — | — | — | — | 11.89× |
| Free Cash Flow Per Share | — | — | — | — | — | $0.14 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 5.31M | 1.40M | 3.81M | 4.00M | 4.99M | 961.30K |
| Revenues | 16.31M | 5.25M | 12.18M | 12.42M | 15.29M | 3.63M |
| Cost of Revenue | 10.49M | 4.61M | 8.20M | 8.31M | 9.65M | 2.66M |
| Gross Profit | 5.82M | 638.58K | 3.98M | 4.11M | 5.64M | 971.68K |
| Operating Expenses | 736.96K | 854.20K | 852.48K | 1.03M | 1.67M | 1.17M |
| Operating Income (Loss) | 5.09M | -215.62K | 3.13M | 3.08M | 3.97M | -195.80K |
| Income Tax Expense (Benefit) | 1.24M | 14.84K | 635.68K | 876.72K | 1.47M | -82.92K |
| Net Income (Loss) Attributable to Parent | 3.87M | -171.23K | 2.53M | 2.24M | 2.56M | 109.89K |
| Earnings Per Share, Basic | $0.32 | $-0.01 | $0.21 | $0.19 | $0.21 | $0.01 |
| Weighted Average Number of Shares Outstanding, Basic | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.63M |
| Earnings Per Share, Diluted | $0.32 | $-0.01 | $0.21 | $0.19 | $0.21 | $0.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.68M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 120.52M | 118.36M | 113.19M | 110.45M | 106.41M | 103.76M |
| Assets, Current | 132.72M | 126.10M | 125.18M | 123.16M | 119.82M | 114.14M |
| Assets | 147.29M | 140.64M | 139.91M | 137.02M | 133.68M | 128.02M |
| Liabilities, Current | 4.12M | 3.24M | 4.69M | 5.01M | 5.44M | 2.95M |
| Liabilities | 4.12M | 3.24M | 4.74M | 5.22M | 5.80M | 3.43M |
| Stockholders' Equity Attributable to Parent | 143.17M | 137.39M | 135.17M | 131.81M | 127.88M | 124.59M |
| Common Stock, Shares, Outstanding | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 519.50K | -1.10M | 8.49M | 4.68M | 2.04M | 1.81M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 152.63K |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | — | — | -152.63K |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | — | — | -434.58K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (WETH CIK 0001826660),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.