WETH
Income statement / Annual
Last year (2024), Wetouch Technology Inc.'s total revenue was $42.28 M,
an increase of 6.48% from the previous year.
In 2024, Wetouch Technology Inc.'s net income was $6.03 M.
See Wetouch Technology Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$42.28 M |
$39.71 M |
$37.92 M |
$40.79 M |
$31.35 M |
$40.00 M |
| Cost of Revenue |
$28.67 M
|
$22.52 M
|
$23.87 M
|
$22.35 M
|
$15.74 M
|
$21.30 M
|
| Gross Profit |
$13.61 M
|
$17.19 M
|
$14.05 M
|
$18.43 M
|
$15.61 M
|
$18.70 M
|
| Gross Profit Ratio |
0.32
|
0.43
|
0.37
|
0.45
|
0.5
|
0.47
|
| Research and Development Expenses |
$0.00
|
$84.55 K
|
$85.25 K
|
$89.48 K
|
$78.00 K
|
$136.43 K
|
| General & Administrative Expenses |
$3.54 M
|
$3.85 M
|
$1.26 M
|
$5.09 M
|
$3.39 M
|
$0.00
|
| Selling & Marketing Expenses |
$752.80 K
|
$608.52 K
|
$1.29 M
|
$630.50 K
|
$264.55 K
|
$0.00
|
| Selling, General & Administrative Expenses |
$4.29 M
|
$4.46 M
|
$2.55 M
|
$5.72 M
|
$3.65 M
|
$1.56 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$4.29 M
|
$4.54 M
|
$2.64 M
|
$5.81 M
|
$3.73 M
|
$1.70 M
|
| Cost And Expenses |
$32.96 M
|
$27.06 M
|
$26.51 M
|
$28.16 M
|
$19.47 M
|
$23.00 M
|
| Interest Income |
$152.34 K
|
$117.72 K
|
$118.71 K
|
$95.53 K
|
$81.54 K
|
$76.20 K
|
| Interest Expense |
$1.17 M
|
$252.33 K
|
$224.89 K
|
$27.45 K
|
$1.73 M
|
$16.88 K
|
| Depreciation & Amortization |
$9.81 K
|
$9.40 K
|
$9.89 K
|
$381.17 K
|
$1.06 M
|
$1.04 M
|
| EBITDA |
$9.33 M |
$12.66 M |
$11.42 M |
$13.01 M |
$12.94 M |
$18.04 M |
| EBITDA Ratio |
0.22
|
0.32
|
0.3
|
0.32
|
0.41
|
0.45
|
| Operating Income Ratio |
0.22
|
0.32
|
0.3
|
0.31
|
0.38
|
0.42
|
| Total Other Income/Expenses Net |
-$628.56 K
|
-$303.35 K
|
$668.58 K
|
$9.17 M
|
-$1.40 M
|
-$559.81 K
|
| Income Before Tax |
$8.69 M
|
$12.35 M
|
$12.08 M
|
$21.80 M
|
$10.48 M
|
$16.44 M
|
| Income Before Tax Ratio |
0.21
|
0.31
|
0.32
|
0.53
|
0.33
|
0.41
|
| Income Tax Expense |
$2.66 M
|
$4.08 M
|
$3.35 M
|
$4.41 M
|
$1.55 M
|
$2.72 M
|
| Net Income |
$6.03 M
|
$8.26 M
|
$8.73 M
|
$17.39 M
|
$8.93 M
|
$13.72 M
|
| Net Income Ratio |
0.14
|
0.21
|
0.23
|
0.43
|
0.28
|
0.34
|
| EPS |
0.52 |
0.89 |
5.39 |
10.93 |
6.21 |
9.53 |
| EPS Diluted |
0.52 |
0.88 |
4.74 |
10.65 |
6.2 |
9.46 |
| Weighted Average Shares Out |
$11.63 M
|
$9.29 M
|
$1.62 M
|
$1.59 M
|
$1.44 M
|
$1.44 M
|
| Weighted Average Shares Out Diluted |
$11.68 M
|
$9.38 M
|
$1.84 M
|
$1.63 M
|
$1.45 M
|
$1.45 M
|
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