WETH

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Wetouch Technology Inc.

Cyclical demand Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $1.00
52-Week Range: $0.92 – $3.68
Market Cap: $13.52M
P/E (TTM): 1.44
EPS (TTM): 0.70
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 0.09
PEG Ratio: —
Return on Equity: 5.98%
Return on Assets: 4.82%
Gross Margin: 32.10%
Operating Margin: 22.60%
Profit Margin: 17.57%
Current Ratio: 35.99
Debt/Equity: 0.00
Total Debt: $215.72K
Free Cash Flow: $9.83M
Revenue Growth: 12.70%
Earnings Growth: -6.10%
Enterprise Value: $-113.92M

WETH Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$37.92M	$39.71M	$42.28M	$45.14M
Cost of Revenue	$23.87M	$22.52M	$28.67M	$30.77M
Gross Profit	$14.05M	$17.19M	$13.61M	$14.37M
Research & Development	$85.25K	$84.55K	$0.00	—
Selling, General & Admin	$2.55M	$4.46M	$4.29M	$4.40M
Operating Expenses	$2.64M	$4.54M	$4.29M	$4.40M
Operating Income	$11.41M	$12.65M	$9.32M	$9.97M
EBITDA	$12.32M	$12.61M	$9.97M	$10.78M
Pretax Income	$12.08M	$12.35M	$8.69M	$10.16M
Income Tax	$3.35M	$4.08M	$2.66M	$3.00M
Net Income	$8.73M	$8.26M	$6.03M	$7.16M
Diluted EPS	4.73	0.89	—	0.60
Diluted Shares	1.84M	9.38M	—	11.93M

WETH Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$51.25M	$98.04M	$103.76M	$118.36M
Receivables	$9.47M	$7.53M	$7.58M	$6.68M
Inventory	$423.28K	$222.10K	$112.33K	$45.20K
Current Assets	$62.18M	$106.78M	$114.14M	$126.10M
Total Assets	$73.11M	$119.64M	$128.02M	$140.64M
Current Liabilities	$4.01M	$6.34M	$2.95M	$3.24M
Total Debt	$1.66M	$1.71M	$1.05M	$521.45K
Total Liabilities	$4.27M	$6.72M	$3.43M	$3.24M
Retained Earnings	$62.37M	$69.48M	$74.63M	$81.79M
Shareholders' Equity	$68.83M	$112.92M	$124.59M	$137.39M
Working Capital	$58.17M	$100.44M	$111.19M	$122.86M

WETH Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$8.59M	$12.72M	$1.07M	$7.39M
Capital Expenditure	—	-$2.26M	-$271.83K	-$322.30K
Free Cash Flow	$8.59M	$10.46M	$797.25K	$7.07M
Depreciation & Amortisation	$9.89K	$9.40K	$108.19K	$623.53K
Stock-Based Compensation	$0.00	—	—	—
Investing Cash Flow	$0.00	-$2.26M	-$271.83K	-$322.30K
Financing Cash Flow	-$652.63K	$39.95M	$7.59M	$0.00
Net Change in Cash	$7.93M	$50.41M	$8.39M	$7.07M

WETH Income statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$3.63M	—	—	$12.18M	$5.25M	$16.31M	$14.00M
Cost of Revenue	$2.66M	—	—	$8.20M	$4.61M	$10.49M	$9.12M
Gross Profit	$971.68K	—	—	$3.98M	$638.58K	$5.82M	$4.88M
Research & Development	-$129.81K	—	—	$0.00	—	—	—
Selling, General & Admin	$1.30M	—	—	$852.48K	$854.20K	$736.96K	$1.72M
Operating Expenses	$1.17M	—	—	$852.48K	$854.20K	$736.96K	$1.72M
Operating Income	-$195.80K	—	—	$3.13M	-$215.62K	$5.09M	$3.16M
EBITDA	$127.86K	$4.13M	$3.24M	$3.31M	$3.29K	$5.25M	$3.34M
Pretax Income	$26.97K	—	—	$3.16M	-$156.39K	$5.11M	$3.19M
Income Tax	-$82.92K	—	—	$635.68K	$14.84K	$1.24M	$1.02M
Net Income	$109.89K	—	—	$2.53M	-$171.23K	$3.87M	$2.16M
Diluted EPS	—	—	—	0.21	—	0.32	0.18
Diluted Shares	—	—	—	11.93M	—	11.93M	12.27M

WETH Balance Sheet statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	—	—	$103.76M	$113.19M	$118.36M	$120.52M	$127.52M
Receivables	—	—	$7.58M	$10.87M	$6.68M	$11.14M	$9.41M
Inventory	—	—	$112.33K	$46.88K	$45.20K	$29.06K	$9.19K
Current Assets	—	—	$114.14M	$125.18M	$126.10M	$132.72M	$137.95M
Total Assets	—	—	$128.02M	$139.91M	$140.64M	$147.29M	$152.59M
Current Liabilities	—	—	$2.95M	$4.69M	$3.24M	$4.12M	$3.83M
Total Debt	—	—	$1.05M	$666.00K	$521.45K	$370.69K	$215.72K
Total Liabilities	—	—	$3.43M	$4.74M	$3.24M	$4.12M	$3.83M
Retained Earnings	—	—	$74.63M	$81.96M	$81.79M	$85.66M	$87.82M
Shareholders' Equity	—	—	$124.59M	$135.17M	$137.39M	$143.17M	$148.76M
Working Capital	—	—	$111.19M	$120.49M	$122.86M	$128.61M	$134.12M

WETH Cash Flow statement, quarterly periods, in USD
USD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	—	—	—	$3.81M	-$1.10M	$519.50K	$4.95M
Free Cash Flow	—	—	—	$3.81M	-$1.42M	$519.50K	$4.95M
Depreciation & Amortisation	—	—	—	$150.65K	$159.68K	$166.43K	$178.62K
Investing Cash Flow	—	—	—	$0.00	-$322.30K	$0.00	$0.00
Financing Cash Flow	—	—	—	$0.00	$0.00	$0.00	$0.00
Net Change in Cash	$2.04M	$2.64M	$2.64M	$3.81M	-$1.42M	$519.50K	$4.95M

Market Snapshot

About

Wetouch Technology is a China-based company engaged in the research, development, and production of touch panel products. The company provides touch screen solutions for various consumer electronics, industrial, and automotive applications. Wetouch serves customers in domestic and international markets.