Wetouch Technology Inc.WETHEarnings & Financial Report
Wetouch Technology Inc. is a global provider of advanced touch panel solutions, specializing in capacitive touchscreens, custom touch modules and interactive display components. It serves core markets including consumer electronics, automotive, industrial control, and smart home sectors, supplying tailored hardware products to leading global brand partners.
Revenue
$4.4M
Gross Profit
$-3.0M
Operating Profit
$3.7M
Net Profit
$2.7M
Gross Margin
-68.9%
Operating Margin
85.3%
Net Margin
61.9%
YoY Growth
-65.8%
EPS
$0.23
Wetouch Technology Inc. Q2 FY2024 Financial Summary
Wetouch Technology Inc. reported revenue of $4.4M (down 65.8% YoY) for Q2 FY2024, with a net profit of $2.7M (down 42.2% YoY) (61.9% margin).
Key Financial Metrics
| Total Revenue | $4.4M |
|---|---|
| Net Profit | $2.7M |
| Gross Margin | N/A |
| Operating Margin | 85.3% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Wetouch Technology Inc. Q2 FY2024 revenue of $4.4M breaks down across 2 segments, led by TW at $2.4M (55.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| TW | $2.4M | 55.2% |
| Other | $2.0M | 44.8% |
Wetouch Technology Inc. Revenue by Segment — Quarterly Trend
Wetouch Technology Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as TW and Other) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q3 FY2024 |
|---|---|---|---|---|
| TW | — | — | — | $2.3M |
| Other | $1.8M | $1.8M | $2.7M | $1.9M |
Wetouch Technology Inc. Annual Revenue by Year
Wetouch Technology Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $39.7M).
| Year | Annual Revenue |
|---|---|
| 2023 | $39.7M |
| 2022 | $37.9M |
Wetouch Technology Inc. Quarterly Revenue & Net Profit History
Wetouch Technology Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $3.8M | -7.3% | $2.5M | 66.4% |
| Q2 FY2025 | $4.0M | -8.3% | $2.2M | 56.0% |
| Q1 FY2025 | $5.0M | -9.3% | $2.6M | 51.4% |
| Q3 FY2024 | $4.1M | -63.1% | $2.7M | 64.8% |
| Q2 FY2024 | $4.4M | -65.8% | $2.7M | 61.9% |
| Q1 FY2024 | $5.5M | -59.0% | $558.9K | 10.2% |
| Q4 FY2023 | $2.4M | -7.0% | $-2.1M | -86.8% |
| Q3 FY2023 | $11.1M | -4.3% | $2.9M | 25.7% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.1M | $2.4M | $5.5M | $4.4M | $4.1M | $5.0M | $4.0M | $3.8M |
| YoY Growth | -4.3% | -7.0% | -59.0% | -65.8% | -63.1% | -9.3% | -8.3% | -7.3% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $119.4M | $119.6M | $123.1M | $125.9M | $133.1M | $133.7M | $137.0M | $139.9M |
| Liabilities | $7.7M | $6.7M | $2.6M | $3.4M | $3.7M | $5.8M | $5.2M | $4.7M |
| Equity | $111.7M | $112.9M | $120.5M | $122.5M | $129.5M | $127.9M | $131.8M | $135.2M |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.2M | $3.7M | $-9.2M | $3.9M | $4.6M | $2.0M | $2.6M | $3.8M |