Wetouch Technology reported revenue of $14.00M and net income of $4.56M for the quarter ended Jun 2026, up 12.7% year over year. This income statement covers 27 quarters of results from Dec 2019 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||
| Revenue | 11.17M | 3.67M | 11.99M | 11.75M | 11.62M | 2.55M | 13.43M | 12.77M | 11.12M | 2.37M | 14.88M | 12.23M | 11.54M | 3.63M | 15.29M | 12.42M | 12.18M | 5.25M | 16.31M | 14.00M | |||||||
| Cost of RevenueCost of Rev | 6.37M | 3.08M | 7.68M | 6.70M | 6.56M | 2.93M | 7.39M | 6.52M | 6.35M | 2.25M | 11.54M | 7.37M | 7.10M | 2.66M | 9.65M | 8.31M | 8.20M | 4.61M | 10.49M | 9.12M | |||||||
| Gross Profit | 4.80M | 0.59M | 4.31M | 5.05M | 5.06M | -0.37M | 6.04M | 6.25M | 4.78M | 0.12M | 3.34M | 4.86M | 4.44M | 0.97M | 5.64M | 4.11M | 3.98M | 0.64M | 5.82M | 4.88M | |||||||
| Operating items | |||||||||||||||||||||||||||
| Research & DevelopmentR&D | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.02M | 0.04M | 0.04M | 0.04M | ||||||||||||||
| Selling, General & AdministrativeSG&A | 0.30M | 0.32M | 0.37M | 0.44M | 0.09M | 0.36M | 1.67M | 0.06M | 0.21M | 1.92M | 0.53M | 0.80M | 0.75M | 1.45M | 1.57M | 0.91M | 0.71M | 0.65M | 0.58M | 0.53M | |||||||
| Other Operating ExpensesOther Opex | 114.00 | 0.02M | 0.49M | 0.53M | 0.21M | 0.06M | 0.05M | 0.08M | 0.27M | 0.21M | 0.46M | 0.29M | 0.16M | -0.29M | -0.05M | -0.04M | 0.14M | 0.21M | -0.00M | 1.02M | |||||||
| Operating ExpensesOpex | 0.46M | 0.62M | 0.88M | 1.00M | 0.32M | 0.43M | 1.74M | 0.16M | 0.49M | 2.15M | 1.03M | 1.14M | 0.95M | 1.17M | 1.67M | 1.03M | 0.85M | 0.85M | 0.74M | 1.72M | |||||||
| Operating IncomeOp. Inc | 4.34M | -0.03M | 3.43M | 4.05M | 4.74M | -0.81M | 4.30M | 6.09M | 4.29M | -2.03M | 2.30M | 3.73M | 3.48M | -0.20M | 3.97M | 3.08M | 3.13M | -0.22M | 5.09M | 3.16M | |||||||
| EBIT | 4.34M | -0.03M | 3.43M | 4.05M | 4.74M | -0.81M | 4.30M | 6.09M | 4.29M | -2.03M | 2.30M | 3.73M | 3.48M | -0.20M | 3.97M | 3.08M | 3.13M | -0.22M | 5.09M | 3.16M | |||||||
| Non-operating items | |||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.06M | 0.06M | 0.06M | 0.05M | 0.03M | 0.04M | 0.14M | 0.04M | 1.17M | ||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.03M | 0.04M | 0.04M | 0.04M | 0.06M | 0.04M | 0.04M | 0.02M | 0.02M | 0.02M | |||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.14M | -0.10M | 0.14M | -0.17M | 0.00M | 0.05M | 0.04M | 0.12M | -0.16M | ||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | 0.03M | 0.79M | 0.13M | 0.04M | -0.22M | 0.72M | -0.10M | 0.13M | -0.28M | -0.06M | -1.08M | 0.08M | 0.16M | 0.22M | 0.06M | 0.04M | 0.04M | 0.06M | 0.02M | 0.02M | |||||||
| Net income details | |||||||||||||||||||||||||||
| EBT | 4.37M | 0.76M | 3.56M | 4.09M | 4.52M | -0.09M | 4.20M | 6.23M | 4.01M | -2.09M | 1.22M | 3.80M | 3.64M | 0.03M | 4.03M | 3.12M | 3.16M | -0.16M | 5.11M | 3.19M | |||||||
| Tax ProvisionsTaxes | 1.09M | 0.08M | 1.00M | 1.16M | 1.23M | -0.04M | 1.41M | 1.56M | 1.15M | -0.03M | 0.66M | 1.10M | 0.98M | 0.12M | 1.48M | 0.88M | 0.70M | -0.01M | 1.24M | 1.08M | |||||||
| Profit After TaxPAT | 3.41M | 1.32M | 2.94M | 2.93M | 3.29M | -0.05M | 2.79M | 4.67M | 2.86M | -2.06M | 0.56M | 2.70M | 7.01M | -1.53M | 2.56M | 3.92M | 3.36M | 2.23M | 3.87M | 4.56M | |||||||
| Income from Non-Controlling InterestsInc. Minority | -3.41M | ||||||||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 3.28M | 0.68M | 2.56M | 2.93M | 3.29M | -0.05M | 2.79M | 4.67M | 2.86M | -2.06M | 0.56M | 2.70M | 2.66M | -0.09M | 2.56M | 2.24M | 2.46M | -0.15M | 3.87M | 2.10M | |||||||
| Consolidated Net IncomeConsol Net Inc. | 3.28M | 0.68M | 2.56M | 2.93M | 3.29M | -0.05M | 2.79M | 4.67M | 2.86M | -2.06M | 0.56M | 2.70M | 2.66M | -0.09M | 2.56M | 2.24M | 2.46M | -0.15M | 3.87M | 2.10M | |||||||
| Income towards Parent CompanyParent Net Inc | 3.28M | 0.68M | 2.56M | 2.93M | 3.29M | -0.05M | 2.79M | 4.67M | 2.86M | -2.06M | 0.56M | 2.70M | 2.66M | -0.09M | 2.56M | 2.24M | 2.46M | -0.15M | 3.87M | 2.10M | |||||||
| Net Income towards Common StockholdersNet Income | 3.28M | 0.68M | 2.56M | 2.93M | 3.29M | -0.05M | 2.79M | 4.67M | 2.86M | -2.06M | 0.56M | 2.70M | 2.66M | -0.09M | 2.56M | 2.24M | 2.46M | -0.15M | 3.87M | 2.10M | |||||||
| Additional items | |||||||||||||||||||||||||||
| EPS (Basic) | 2.06 | 0.43 | 1.61 | 1.83 | 2.03 | -0.03 | 0.35 | 0.48 | 0.29 | -0.22 | 0.04 | 0.23 | 0.22 | -0.01 | 0.21 | 0.19 | 0.21 | -0.01 | 0.32 | 0.17 | |||||||
| EPS (Diluted) | 2.01 | 0.42 | 1.57 | 1.80 | 1.91 | -0.03 | 0.34 | 0.48 | 0.29 | -0.22 | 0.04 | 0.23 | 0.22 | -0.01 | 0.21 | 0.19 | 0.21 | -0.01 | 0.32 | 0.17 | |||||||
| Shares Outstanding | 1.59M | 1.59M | 1.59M | 1.60M | 1.62M | 1.62M | 7.99M | 9.68M | 9.71M | 9.29M | 13.34M | 11.93M | 11.93M | 11.63M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 12.27M | |||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 1.63M | 1.63M | 1.63M | 1.63M | 1.72M | 1.84M | 8.10M | 9.78M | 9.79M | 9.38M | 13.39M | 11.98M | 11.98M | 11.68M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 12.27M | |||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1.59M | 1.59M | 1.59M | 1.60M | 1.67M | 1.68M | 7.99M | 9.70M | 9.73M | 9.73M | 11.93M | 11.93M | 11.93M | 9.73M | 11.93M | 11.93M | 11.93M | 11.93M | 11.93M | 12.53M | |||||||
| EBITDA | 4.34M | -0.03M | 3.43M | 4.05M | 4.74M | -0.81M | 4.30M | 6.09M | 4.29M | -2.03M | 2.30M | 3.73M | 3.48M | -0.20M | 3.97M | 3.08M | 3.13M | -0.22M | 5.09M | 3.16M | |||||||
| Interest ExpensesInt Expense | 0.06M | 0.06M | 0.06M | 0.05M | 0.03M | 0.04M | 0.14M | 0.04M | 1.17M | ||||||||||||||||||
| Tax Rate | 25.01% | 10.27% | 28.10% | 28.33% | 27.26% | 43.21% | 33.47% | 24.98% | 28.65% | 1.30% | 54.22% | 28.92% | 26.91% | 448.64% | 36.60% | 28.11% | 22.13% | 7.08% | 24.33% | 34.00% |