Wetouch Technology Inc. Financial Summary

Complete Filing Data

Wetouch Technology Inc. reported Stockholders Equity of $68.83 million for FY2022.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Wetouch Technology Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Cost of Revenue *$28.7M$22.5M$23.9M$22.4M$15.7M$20.3M
Revenue *$42.3M$39.7M$37.9M$40.7M$31.3M$40.0M
Net Income Loss$6.0M$8.3M$8.7M$17.4M$8.9M$13.7M
Operating Income Loss$9.3M$12.7M$11.4M$12.6M$11.9M$17.0M
Operating Expenses$4.3M$4.5M$2.6M$5.8M$3.7M$2.7M
Nonoperating Income Expense-$628.6K-$303.3K$668.6K$9.2M-$1.4M-$559.8K
Income Tax Expense Benefit$2.7M$4.1M$3.4M$4.4M$1.5M$2.7M
Gross Profit$13.6M$17.2M$14.1M$18.4M$15.6M$19.7M
General And Administrative Expense$3.5M$3.8M$1.3M$1.9M$2.3M$2.3M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$8.7M$12.3M$12.1M$21.8M$10.5M$16.4M
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax-$3.4M-$4.3M-$5.2M$1.3M$2.7M$844.2K
Research And Development Expense$84.6K$85.3K$89.5K$78.0K$136.4K
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax-$3.4M-$4.3M-$5.2M$1.3M$2.7M
Income Taxes Paid Net$2.9M$4.1M$3.4M$3.8M$3.0M$4.2M
Interest Expense$252.3K$224.9K$27.5K$1.7M$16.9K
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest$3.5M$18.7M$11.6M
Other Comprehensive Income Loss Tax-$11.6M-$12.9M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Cost of Revenue *$8.2M$8.3M$9.6M$7.1M$7.4M$11.5M$6.3M$6.5M$7.4M$6.6M$6.7M$7.7M$6.4M$7.3M$5.6M$5.7M$2.6M$1.9M
Revenue *$12.2M$12.4M$15.3M$11.5M$12.2M$14.9M$11.1M$12.8M$13.4M$11.6M$11.8M$12.0M$11.2M$15.2M$10.6M$11.9M$5.3M$3.5M
Net Income Loss$2.5M$2.2M$2.6M$2.7M$2.7M$558.9K$2.9M$4.7M$2.8M$3.3M$2.9M$2.6M$3.3M$5.1M$8.4M$4.7M$2.0M$1.3M
Operating Income Loss$3.1M$3.1M$4.0M$3.5M$3.7M$2.3M$4.3M$6.1M$4.3M$4.7M$4.1M$3.4M$4.3M$6.9M$1.4M$5.2M$2.3M$1.4M
Operating Expenses$852.5K$1.0M$1.7M$953.3K$1.1M$1.0M$492.0K$158.7K$1.7M$323.5K$997.0K$880.3K$456.5K$960.3K$3.8M$1.0M$395.8K$242.3K
Nonoperating Income Expense$36.6K$35.6K$61.1K$157.1K$75.8K-$1.1M-$278.3K$134.3K-$101.8K-$216.2K$35.3K$133.4K$28.8K$14.6K$8.3M$79.4K$73.4K$88.3K
Income Tax Expense Benefit$635.7K$876.7K$1.5M$979.4K$1.1M$661.8K$1.1M$1.6M$1.4M$1.2M$1.2M$1.0M$1.1M$1.9M$1.4M$537.0K$349.0K$222.8K
Gross Profit$4.0M$4.1M$5.6M$4.4M$4.9M$3.3M$4.8M$6.3M$6.0M$5.1M$5.1M$4.3M$4.8M$7.9M$5.1M$6.2M$2.7M$1.6M
General And Administrative Expense$708.9K$914.0K$1.6M$750.4K$802.7K$530.5K$205.9K$56.9K$1.7M$88.1K$443.1K$372.3K$298.0K$812.2K$494.9K$952.8K$351.7K$208.3K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$3.2M$3.1M$4.0M$3.6M$3.8M$1.2M$4.0M$6.2M$4.2M$4.5M$4.1M$3.6M$4.4M$7.0M$9.7M$5.3M$2.3M$1.5M
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax$834.3K$1.7M$732.4K$4.4M-$778.4K-$1.9M-$674.2K-$6.2M-$681.0K-$4.2M-$3.8M$380.2K$139.2K$809.8K-$277.2K-$1.5M-$72.3K$550.4K
Research And Development Expense$43.9K$43.2K$42.7K$20.6K$20.4K$20.9K$20.7K$21.7K$22.9K$22.3K$22.6K$22.2K$21.5K$18.0K$15.3K
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax$834.3K$1.7M$732.4K$4.4M-$778.4K-$1.9M-$674.2K-$6.2M-$681.0K-$4.2M-$3.8M$380.2K$139.2K$809.8K-$277.2K
Income Taxes Paid Net$22.3K$1.0M$667.9K$638.7K
Interest Expense$1.2M$139.9K$38.1K$33.4K$58.7K$57.4K$56.2K$4.00$2.9K$3.0K
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest-$1.4M$2.2M-$1.5M$2.1M-$905.8K-$852.1K$2.9M$3.4M$5.9M$8.1M
Other Comprehensive Income Loss Tax-$3.4M-$5.9M-$8.1M-$6.3M-$2.1M-$709.1K

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019FY2018
Stockholders Equity$68.8M$64.3M$44.4M$31.7M$18.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$98.0M$51.3M$46.2M$24.0M$14.3M$18.3M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$5.7M$46.8M$5.1M$22.2M$9.7M-$4.0M
Assets$119.6M$73.1M$68.7M$47.1M$41.7M
Retained Earnings Accumulated Deficit$69.5M$62.4M$54.6M$39.2M$31.4M
Prepaid Expense And Other Assets Current$1.1M$1.5M$2.4M$228.4K$283.3K
Liabilities Current$6.3M$4.0M$3.2M$2.3M$9.4M
Liabilities And Stockholders Equity$119.6M$73.1M$68.7M$47.1M$41.7M
Liabilities$6.7M$4.3M$4.4M$2.7M$10.1M
Inventory Net$222.1K$423.3K$244.4K$402.1K$203.8K
Common Stock Value$9.7K$1.7K$31.8K$31.5K$28.0K
Assets Current$106.8M$62.2M$56.8M$36.6M$30.9M
Accumulated Other Comprehensive Income Loss Net Of Tax-$7.3M-$3.0M$2.3M$957.9K-$1.7M
Accounts Payable Current$640.8K$1.4M$800.6K$891.8K$795.5K
Accounts Payable And Other Accrued Liabilities Current$4.0M$944.6K$310.4K$503.5K$2.3M
Cash And Cash Equivalents At Carrying Value$98.0M$46.2M$24.0M$14.3M
Accounts Receivable Net Current$7.5M$9.1M$8.0M$11.9M$16.0M
Property Plant And Equipment Net$10.9M$11.8M$9.5M$9.9M
Additional Paid In Capital Common Stock$43.5M$3.4M$2.3M$1.1M$14.0K
Taxes Payable Current$22.2K$65.5K$107.1K$643.0K
Gain On Changes In Fair Value Of Common Stock Purchase Warrants Liability$871.7K$759.5K
Convertible Notes Payable Current$1.4M$1.2M$1.3M$2.0M
Common Stock Purchase Warrants Liability$257.0K$1.1M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$51.3M
Gain Loss On Changes In Fair Value Of Common Stock Purchase Warrants Liability-$121.4K$871.7K$759.5K
Deferred Grants
Gain Loss On Disposition Of Assets1$7.6M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Stockholders Equity$135.2M$131.8M$127.9M$124.6M$129.5M$122.5M$120.5M$112.9M$111.7M$109.4M$110.9M$65.5M$66.4M$67.3M$64.9M$61.5M$55.6M$40.7M$34.4M$32.4M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$93.9M$92.2M$93.3M$45.5M$45.1M$44.8M$54.1M$52.6M$54.5M$19.3M$19.2M$16.4M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$2.6M-$3.2M$42.0M-$1.3M$30.5M$2.1M
Assets$139.9M$137.0M$133.7M$128.0M$133.1M$125.9M$123.1M$119.4M$117.8M$118.6M$72.0M$73.4M$73.3M$67.1M$64.6M$59.2M
Retained Earnings Accumulated Deficit$82.0M$79.4M$77.2M$74.6M$75.4M$72.7M$70.0M$72.7M$69.8M$65.2M$63.4M$60.1M$57.2M$55.9M$52.6M$47.6M
Prepaid Expense And Other Assets Current$1.1M$1.8M$2.2M$2.8M$3.4M$3.9M$4.1M$1.0M$1.1M$1.1M$1.2M$1.2M$1.7M$1.0M$28.3K$16.1K
Liabilities Current$4.7M$5.0M$5.4M$3.0M$3.5M$3.1M$2.2M$7.3M$8.2M$7.3M$5.4M$6.1M$5.1M$2.3M$3.1M$3.6M
Liabilities And Stockholders Equity$139.9M$137.0M$133.7M$128.0M$133.1M$125.9M$123.1M$119.4M$117.8M$118.6M$72.0M$73.4M$73.3M$67.1M$64.6M$59.2M
Liabilities$4.7M$5.2M$5.8M$3.4M$3.7M$3.4M$2.6M$7.7M$8.4M$7.7M$6.5M$7.0M$6.1M$2.3M$3.1M$3.6M
Inventory Net$46.9K$145.7K$146.6K$112.3K$187.4K$179.3K$184.7K$203.9K$170.4K$171.6K$405.2K$506.7K$264.0K$526.1K$341.5K$195.1K
Common Stock Value$11.9K$11.9K$11.9K$11.9K$11.9K$11.9K$11.9K$9.7K$193.9K$193.6K$33.3K$32.0K$31.8K$31.8K$31.8K$31.8K
Assets Current$125.2M$123.2M$119.8M$114.1M$120.0M$113.2M$110.0M$109.1M$107.4M$107.7M$61.4M$62.2M$61.4M$66.9M$64.6M$59.2M
Accumulated Other Comprehensive Income Loss Net Of Tax-$7.4M-$8.2M-$9.9M-$10.6M-$5.6M-$10.0M-$9.2M-$10.5M-$9.9M-$3.7M-$5.3M-$1.1M$2.6M$1.6M$1.6M$680.7K
Accounts Payable Current$1.3M$1.5M$1.6M$1.3M$1.2M$917.2K$566.2K$1.5M$2.4M$2.1M$1.4M$2.1M$1.3M$834.0K$770.6K$2.0M
Accounts Payable And Other Accrued Liabilities Current$1.5M$1.4M$1.6M$966.5K$800.6K$839.8K$626.6K$3.1M$2.6M$2.1M$783.9K$853.7K$776.2K$324.3K$543.5K$186.0K
Cash And Cash Equivalents At Carrying Value$113.2M$110.5M$106.4M$103.8M$106.7M$98.4M$94.8M$93.9M$92.2M$93.3M$51.3M$45.5M$45.1M$44.8M$54.1M$52.6M$54.5M
Accounts Receivable Net Current$10.8M$10.7M$11.1M$7.5M$9.7M$10.8M$13.9M$14.0M$13.1M$14.3M$15.3M$14.6M$11.3M$11.6M$4.5M
Property Plant And Equipment Net$13.4M$13.0M$12.9M$12.8M$13.1M$12.7M$12.8M$12.9M$10.3M$10.4M$11.0M$10.6M$11.3M$11.9M$190.2K$45.4K
Additional Paid In Capital Common Stock$52.5M$52.5M$52.5M$52.5M$43.5M$43.2M$43.2M$2.3M$2.3M$2.3M$4.2M$4.2M$4.2M
Taxes Payable Current$699.2K$866.8K$1.3M$1.0M$1.1M$658.9K$1.2M$1.5M$1.4M$1.2M$1.1M$1.0M$1.1M$1.8M$783.1K
Gain On Changes In Fair Value Of Common Stock Purchase Warrants Liability$118.1K$37.8K-$169.1K$142.4K-$97.6K-$187.1K$62.2K$160.4K
Convertible Notes Payable Current$1.2M$1.2M$1.2M$1.9M$2.0M$2.0M
Common Stock Purchase Warrants Liability$214.7K$332.8K$370.6K$378.4K$381.2K$212.2K$354.6K$1.1M$906.0K$968.2K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$113.2M$110.5M$106.4M$103.8M$106.7M$98.4M$94.8M$98.0M$93.9M$92.2M$93.3M
Gain Loss On Changes In Fair Value Of Common Stock Purchase Warrants Liability
Deferred Grants$725.5K$57.3K
Gain Loss On Disposition Of Assets1$7.6M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Share-Based Compensation *$3.1M$1.1M
Net Cash Provided By Used In Operating Activities$1.1M$12.7M$8.6M$14.1M$13.0M$10.2M
Increase Decrease In Prepaid Deferred Expense And Other Assets$1.8M-$333.4K-$853.4K$2.3M-$69.4K-$78.4K
Increase Decrease In Inventories-$50.3K-$187.5K$197.5K-$190.5K$241.4K-$10.6K
Increase Decrease In Accounts Receivable$256.7K-$1.3M$1.5M-$5.0M-$4.9M$2.3M
Increase Decrease In Accounts Payable$649.9K-$704.7K$637.4K-$167.2K$40.7K-$2.0M
Increase Decrease In Accrued Income Taxes Payable-$21.6K-$41.1K-$50.4K-$547.1K$51.8K
Increase Decrease In Due To Related Parties$149.2K-$1.7K-$18.1K-$575.3K-$273.3K$94.7K
Increase Decrease In Other Accounts Payable And Accrued Liabilities$3.1M$661.2K-$233.9K-$1.9M-$258.4K
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations-$3.6M-$2.8M$121.8K$1.4M-$642.2K
Net Cash Provided By Used In Financing Activities$7.6M$39.9M-$652.6K$1.9M-$4.7M-$13.5M
Increase Decrease In Due From Related Parties$51.00-$83.8K-$1.2K-$34.6K
Net Cash Provided By Used In Investing Activities-$271.8K-$2.3M$6.2M-$5.0K
Stock Issued During Period Value Share Based Compensation Gross$3.1M$1.1M
Proceeds From Repayments Of Related Party Debt$385.8K-$4.3M-$13.5M
Payments To Acquire Productive Assets$2.3M$11.7M
Proceeds From Sale Of Productive Assets$17.9M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022Q3 2021Q1 2021Q1 2020
Share-Based Compensation *$1.0M$3.1M
Net Cash Provided By Used In Operating Activities$2.0M-$9.2M$2.7M-$1.4M$13.8M$2.4M
Increase Decrease In Prepaid Deferred Expense And Other Assets-$554.8K$3.4M-$307.4K-$741.9K-$228.0K$50.8K
Increase Decrease In Inventories$8.3K-$32.9K-$254.7K$11.6K-$232.8K$22.1K
Increase Decrease In Accounts Receivable$3.5M$3.6M$4.0M$6.4M-$8.3M-$180.9K
Increase Decrease In Accounts Payable$322.7K-$64.2K$702.1K$429.2K$1.1M$1.1M
Increase Decrease In Accrued Income Taxes Payable$1.3M$661.8K$1.4M$933.8K$677.0K-$415.9K
Increase Decrease In Due To Related Parties$251.0K-$1.3K-$53.5K$69.6K$211.5K
Increase Decrease In Other Accounts Payable And Accrued Liabilities$1.2M$456.1K-$350.4K-$136.5K
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations-$760.5K$94.5K-$1.0M-$273.9K
Net Cash Provided By Used In Financing Activities$7.5M$40.1M
Increase Decrease In Due From Related Parties$1.1K-$83.4K$15.7K
Net Cash Provided By Used In Investing Activities-$111.3K$17.8M
Stock Issued During Period Value Share Based Compensation Gross$3.1M
Proceeds From Repayments Of Related Party Debt$86.7K
Payments To Acquire Productive Assets
Proceeds From Sale Of Productive Assets$17.8M

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Weighted Average Number Of Shares Outstanding Basic11.6M9.3M1.6M31.8M28.8M28.0M
Weighted Average Number Of Diluted Shares Outstanding11.7M9.4M1.8M32.7M29.0M28.0M
Earnings Per Share Diluted$0.52$0.89$4.73$0.55$0.31$0.49
Earnings Per Share Basic$0.52$0.89$5.38$0.55$0.31$0.49
Common Stock Shares Outstanding9.7M1.7M31.8M31.5M28.0M
Common Stock Shares Authorized15.0M15.0M300.0M300.0M300.0M
Common Stock Shares Issued9.7M1.7M31.8M31.5M28.0M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Weighted Average Number Of Shares Outstanding Basic11.9M11.9M11.9M11.9M11.9M13.3M9.7M9.7M8.0M1.6M32.0M31.8M31.8M31.8M31.8M28.0M28.0M28.0M
Weighted Average Number Of Diluted Shares Outstanding11.9M11.9M11.9M12.0M12.0M13.4M9.8M9.8M8.1M1.6M32.6M32.7M32.7M32.7M32.7M28.0M28.0M28.0M
Earnings Per Share Diluted$0.21$0.19$0.21$0.22$0.23$0.04$0.29$0.48$0.35$2.01$0.09$0.08$0.10$0.20$0.25$0.17$0.10$0.04
Earnings Per Share Basic$0.21$0.19$0.21$0.22$0.23$0.04$0.29$0.48$0.35$2.01$0.09$0.08$0.10$0.20$0.25$0.17$0.10$0.04
Common Stock Shares Outstanding11.9M11.9M11.9M11.9M11.9M11.9M11.9M9.7M193.9M193.6M33.3M32.0M31.8M31.8M31.8M31.8M31.4M
Common Stock Shares Authorized15.0M15.0M15.0M15.0M15.0M15.0M15.0M15.0M300.0M300.0M300.0M300.0M300.0M300.0M300.0M300.0M
Common Stock Shares Issued11.9M11.9M11.9M11.9M11.9M11.9M11.9M9.7M193.9M193.6M33.3M32.0M31.8M31.8M31.8M31.8M31.4M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Selling Expense$752.8K$608.5K$1.3M$630.5K$264.6K$270.8K
Investment Income Interest$152.3K$117.7K$118.7K$95.5K$81.5K$76.2K
Depreciation And Amortization$9.4K$9.9K$381.2K$1.1M$1.0M
Statutory Reserve$7.2M$6.0M$5.1M$3.1M$2.0M
Government Grant$695.1K$246.2K-$249.4K
Amortization Of Financing Costs And Discounts$5.7K$33.7K$148.4K$8.6K
Due To Related Parties Current$1.7K$34.7K$529.1K$5.0M
Interest Paid Net$1.2M$10.0K$1.8M
Stock Issued During Period Value New Issues$40.0M-$2.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Selling Expense$143.6K$114.6K$102.5K$159.0K$289.7K$459.8K$265.5K$81.4K$50.7K$214.7K$532.1K$485.1K$136.2K$125.6K$87.8K$29.0K$26.2K$18.7K
Investment Income Interest$36.6K$35.6K$61.1K$39.0K$38.0K$31.3K$30.6K$30.0K$29.2K$29.6K$30.5K$29.1K$28.8K$13.4K$22.0K$21.5K$20.0K$19.6K
Depreciation And Amortization$2.3K$2.4K$2.6K$374.3K$256.9K
Statutory Reserve$8.1M$8.1M$8.1M$8.1M$7.2M$7.2M$7.2M$6.0M$6.0M$6.0M$5.1M$5.1M$5.1M$3.1M$3.1M$3.1M
Government Grant$1.2K$691.7K-$57.9K-$56.3K-$71.6K
Amortization Of Financing Costs And Discounts$5.7K$6.9K$12.7K
Due To Related Parties Current$105.9K$33.0K$34.8K$628.6K
Interest Paid Net$1.2M
Stock Issued During Period Value New Issues$9.0M$40.0M

Most recent annual filing with the SEC: September 11, 2025

Data sourced from SEC EDGAR public filings as of August 7, 2026.