InsiderClue
Stocks · Technology · Computer Peripheral Equipment, NEC

Wetouch Technology Inc.

WETH Clue Score59
United States Fiscal year ends December CIK 0001826660
$0.93 -0.56% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.93 −51.31% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Sep 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue40.0Operating income17.0Net income13.7EPS, diluted0.49Fiscal year 2020Revenue31.3 −21.6%Operating income11.9Net income8.9 −34.9%EPS, diluted0.31Fiscal year 2021Revenue40.7 +29.8%Operating income12.6Net income17.4 +94.7%EPS, diluted0.55Fiscal year 2022Revenue37.9 −6.8%Operating income11.4Net income8.7 −49.8%EPS, diluted4.73Fiscal year 2023Revenue12.0 −68.3%Operating income12.7Net income8.3 −5.3%EPS, diluted0.89Fiscal year 2024Revenue14.9 +24.1%Operating income9.3Net income6.0 −27.0%EPS, diluted0.52Fiscal year 2025Revenue14.2 −4.9%Operating income10.0Net income7.2 +18.7%EPS, diluted0.60
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 40.0 31.3 40.7 37.9 12.0 14.9 14.2
Growth −21.6% +29.8% −6.8% −68.3% +24.1% −4.9%
Operating income 17.0 11.9 12.6 11.4 12.7 9.3 10.0
Net income 13.7 8.9 17.4 8.7 8.3 6.0 7.2
Growth −34.9% +94.7% −49.8% −5.3% −27.0% +18.7%
EPS, diluted 0.49 0.31 0.55 4.73 0.89 0.52 0.60

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin49.3%Operating margin42.5%Net margin34.3%Free cash flow margin25.4%Fiscal year 2020Gross margin49.8%Operating margin37.9%Net margin28.5%Fiscal year 2021Gross margin45.3%Operating margin31.0%Net margin42.7%Free cash flow margin5.8%Fiscal year 2022Gross margin37.0%Operating margin30.1%Net margin23.0%Fiscal year 2023Gross margin142.8%Operating margin105.1%Net margin68.7%Free cash flow margin86.9%Fiscal year 2024Gross margin91.1%Operating margin62.4%Net margin40.4%Free cash flow margin5.3%Fiscal year 2025Gross margin101.2%Operating margin70.2%Net margin50.4%Free cash flow margin49.8%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.3% 49.8% 45.3% 37.0% 142.8% 91.1% 101.2%
Operating margin 42.5% 37.9% 31.0% 30.1% 105.1% 62.4% 70.2%
Net margin 34.3% 28.5% 42.7% 23.0% 68.7% 40.4% 50.4%
Free cash flow margin 25.4% n/a 5.8% n/a 86.9% 5.3% 49.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow10.2Capital expenditure−0.0Free cash flow10.2Fiscal year 2020Operating cash flow13.0Fiscal year 2021Operating cash flow14.1Capital expenditure−11.7Free cash flow2.4Fiscal year 2022Operating cash flow8.6Fiscal year 2023Operating cash flow12.7Capital expenditure−2.3Free cash flow10.5Fiscal year 2024Operating cash flow1.1Capital expenditure−0.3Free cash flow0.8 −92.4%Fiscal year 2025Operating cash flow7.4Capital expenditure−0.3Free cash flow7.1 +786.7%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 10.2 13.0 14.1 8.6 12.7 1.1 7.4
Capital expenditure −0.0 n/a −11.7 n/a −2.3 −0.3 −0.3
Free cash flow 10.2 n/a 2.4 n/a 10.5 0.8 7.1
Growth −92.4% +786.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2019Cash14.3Shareholders’ equity31.7Fiscal year 2020Cash24.0Shareholders’ equity44.4Fiscal year 2021Cash46.2Shareholders’ equity64.3Fiscal year 2022Cash51.3Shareholders’ equity68.8Fiscal year 2023Cash98.0Shareholders’ equity112.9Fiscal year 2024Cash103.8Shareholders’ equity124.6Fiscal year 2025Cash118.4Shareholders’ equity137.4
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 14.3 24.0 46.2 51.3 98.0 103.8 118.4
Shareholders’ equity 31.7 44.4 64.3 68.8 112.9 124.6 137.4

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
40.0 31.3 40.7 37.9 12.0 14.9 14.2
Growth −21.6% +29.8% −6.8% −68.3% +24.1% −4.9%
20.3 15.7 22.4 23.9 22.5 28.7 30.8
19.7 15.6 18.4 14.1 17.2 13.6 14.4
Growth −20.9% +18.1% −23.8% +22.3% −20.8% +5.6%
0.1 0.1 0.1 0.1 0.1 n/a n/a
2.3 2.3 1.9 1.3 3.8 3.5 3.8
17.0 11.9 12.6 11.4 12.7 9.3 10.0
Growth −30.1% +6.3% −9.6% +10.8% −26.3% +7.0%
16.4 10.5 21.8 12.1 12.3 8.7 10.2
2.7 1.5 4.4 3.4 4.1 2.7 3.0
13.7 8.9 17.4 8.7 8.3 6.0 7.2
Growth −34.9% +94.7% −49.8% −5.3% −27.0% +18.7%
Per share
0.49 0.31 0.55 5.38 0.89 0.52 0.60
0.49 0.31 0.55 4.73 0.89 0.52 0.60
Growth −36.7% +77.4% +760.0% −81.2% −41.6% +15.4%
28.0 28.8 31.8 1.6 9.3 11.6 11.9
28.0 29.0 32.7 1.8 9.4 11.7 11.9
Growth +3.5% +12.7% −94.4% +408.5% +24.6% +2.1%

† The diluted share count jumps at 2022 and 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 14.6% a year over five years.
  • Operating margin is up 32.3 points on five years ago, at 70.2%.
  • Profitable in every one of the 7 years on file.