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Gulf Resources (NV) (GURE) Financials

GURE NASDAQ
FY2025 annual
Revenue $25.4M +40822.7% YoY
Net Income -$43.9M n/m YoY
EPS (Diluted) -$32.95 n/m YoY
Free Cash Flow -$1.0M n/m YoY
Market Cap $5.1M as of Oct 26, 2026
Price / Sales 0.2x on $30.7M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 0.0x on $113.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Sep 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GURE SEC filings page.

Gulf Resources, Inc. (NV) (GURE) reported $25.4M in revenue for fiscal year 2025, up 40822.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GURE FY2025

Gulf Resources now operates on a much smaller asset base, while capital spending outpaces operating cash generation.

FY2025’s earnings-to-cash gap is unusually wide: the company reported a net loss of $43.9M but operating cash flow of $7.8M, so accounting losses did not translate directly into cash consumption. After capital expenditures of $8.85M, free cash flow was -$1.05M; cash generation therefore remained insufficient to fund reinvestment even though operations supplied cash.

From FY2022 to FY2025, revenue fell -61.5% while total assets fell -54.3%, indicating a contraction in the operating footprint rather than a temporary sales wobble. Liabilities were 16.6% of assets in FY2025 versus 7.1% in FY2022; the smaller balance sheet is carrying a larger liability share.

The latest current ratio was 3.0x and total liabilities were only 0.2x equity, describing short-term coverage and modest leverage despite the losses. Reinvestment remains cash-intensive: capital expenditures were 34.8% of revenue and 113.4% of operating cash flow, which explains why positive operating cash did not become positive free cash flow.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&DIntensity Revenue Progress BurnTrend BalanceSheet 54 / 100
Financial Health Score (4 of 6 dimensions) 54/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Gulf Resources, Inc. (NV)'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway
87

Gulf Resources, Inc. (NV) held $4K in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $7.8M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Gulf Resources, Inc. (NV) scores 87/100 among other emerging companies.

Dilution
n/a

Not available for Gulf Resources, Inc. (NV), so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

R&D Intensity
n/a

Not available for Gulf Resources, Inc. (NV), so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Revenue Progress
34

Gulf Resources, Inc. (NV) reported revenue of $25.4M in fiscal year 2025, against $62K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Gulf Resources, Inc. (NV) scores 34/100 among other emerging companies.

Burn Trend
93

Gulf Resources, Inc. (NV)'s operations generated $7.8M of cash in fiscal year 2025, against $676K generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Gulf Resources, Inc. (NV) scores 93/100 among other emerging companies.

Balance Sheet
1

Gulf Resources, Inc. (NV)'s cash, cash equivalents and investments came to $4K at the end of fiscal year 2025, against $22.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Gulf Resources, Inc. (NV) scores 1/100 among other emerging companies.

Piotroski F-Score Partial
5/6

Gulf Resources, Inc. (NV) passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Mixed
N/A

Gulf Resources, Inc. (NV) reported a net loss of $43.9M while generating $7.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Gulf Resources, Inc. (NV) reported an operating loss of $8.6M against $373K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$12.9M
YoY+54.5%
QoQ+444.1%

Gulf Resources, Inc. (NV) generated $12.9M in revenue in Q2 2026. This represents an increase of 54.5% from the same quarter a year earlier. Against the prior quarter it is up 444.1%.

EBITDA
$5.4M
YoY+69.6%
QoQ+14649.0%

Gulf Resources, Inc. (NV)'s EBITDA was $5.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.6% from the same quarter a year earlier. Against the prior quarter it is up 14649.0%.

Net Income
$1.1M
YoYn/m
QoQn/m

Gulf Resources, Inc. (NV) reported $1.1M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)
$0.64
QoQn/m

Gulf Resources, Inc. (NV) earned $0.64 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow
-$6.5M
QoQ-1232.3%

Gulf Resources, Inc. (NV) recorded an outflow of $6.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. Against the prior quarter it is down 1232.3%.

Cash & Debt
$9.2M
YoY+18.8%
QoQ+40.6%
5Y CAGR-37.6%
10Y CAGR-24.2%

Gulf Resources, Inc. (NV) held $9.2M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
2M
QoQ+7.7%

Gulf Resources, Inc. (NV) had 2M shares outstanding in Q2 2026. Against the prior quarter it is up 7.7%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin
9.7%
YoY+19.2pp

Gulf Resources, Inc. (NV)'s operating margin was 9.7% in Q2 2026, reflecting core business profitability. This is up 19.2 percentage points from the same quarter a year earlier.

Net Margin
8.9%
YoY+18.6pp

Gulf Resources, Inc. (NV)'s net profit margin was 8.9% in Q2 2026, showing the share of revenue converted to profit. This is up 18.6 percentage points from the same quarter a year earlier.

Return on Equity
1.0%
YoY+1.6pp
QoQ+4.6pp

Gulf Resources, Inc. (NV)'s quarterly ROE was 1.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures
$1.2M
QoQ+129.8%

Gulf Resources, Inc. (NV) invested $1.2M in capex in Q2 2026, funding long-term assets and infrastructure. Against the prior quarter it is up 129.8%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

GURE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GURE quarterly income statement
MetricQ2'2610-QQ1'2610-Q/AQ4'2510-K/AQ3'2510-QQ2'2510-QQ1'2510-Q/AQ4'2410-Q/AQ3'2410-Q
Revenue$12.9M+54.5%$2.4M+47.6%$6.4M$9.0M+303.4%$8.3M+250.1%$1.6M+22.8%N/A$2.2M-61.8%
SG&A Expenses$616K-40.8%$1.3M-7.2%$2.4M$802K-21.1%$1.0M+47.9%$1.4M+98.4%N/A$1.0M+30.7%
Operating Income$1.3Mn/m-$4.1Mn/m-$2.8M-$334Kn/m-$791Kn/m-$4.7Mn/mN/A-$4.6Mn/m
EBITDA$5.4M+69.6%$37Kn/m$1.7M$3.4Mn/m$3.2Mn/m-$646Kn/mN/A-$11K-100.5%
Interest Expense$125K+475.2%$123K+468.3%$311K$18K-14.2%$22K-12.7%$22K-12.5%N/A$21K-10.9%
Income TaxN/AN/AN/AN/AN/A$0n/mN/A-$1.1Mn/m
Net Income$1.1Mn/m-$3.9Mn/m-$2.8M-$35.7Mn/m-$814Kn/m-$4.7Mn/mN/A-$3.5Mn/m
EPS (Basic)$0.64-$2.48-$1.33n/m-$26.35n/m-$0.60n/m-$3.93n/m-$1.71n/m-$3.20n/m
EPS (Diluted)$0.64-$2.48N/AN/A-$0.60n/m-$3.93n/mN/AN/A
Diluted Shares (Avg)2M2MN/AN/A1M+24.0%1M+8.8%N/AN/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

GURE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GURE quarterly balance sheet
MetricQ2'2610-QQ1'2610-Q/AQ4'2510-K/AQ3'2510-QQ2'2510-QQ1'2510-Q/AQ4'2410-Q/AQ3'2410-Q
Total Assets$136.8M-16.1%$132.8M-19.1%$133.7M-20.3%$131.9M-32.0%$163.0M-16.0%$164.1M-26.0%$167.8M-26.0%$193.9M-30.5%
Current Assets$31.0M+52.7%$25.6M+45.1%$24.6M+40.8%$15.7M-26.3%$20.3M-2.5%$17.6M-79.3%$17.5M-79.7%$21.3M-81.5%
Cash & Equivalents$9.2M+18.8%$6.5M-23.3%$4K-100.0%$5.8M-48.2%$7.7M-25.4%$8.5M-88.0%$10.1M-86.1%$11.2M-89.2%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Inventory$815K+58.2%$444K-2.3%$563K+78.5%$483K+12.8%$515K+24.5%$455K-28.2%$315K-45.4%$428K-51.1%
Accounts Receivable$15.5M+391.1%$2.7M+26.5%$3.3M+479.1%$3.4M+188.4%$3.2M+81.5%$2.1M-59.8%$565K-88.4%$1.2M-44.8%
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Total Liabilities$23.4M+7.5%$22.8M+1.9%$22.3M-11.0%$24.4M-10.7%$21.7M-19.5%$22.4M+6.9%$25.0M+16.7%$27.4M+50.6%
Current Liabilities$11.7M+16.9%$10.9M+4.5%$8.2M-36.5%$17.1M-11.0%$10.0M-47.4%$10.5M-14.6%$13.0M+3.1%$19.2M+94.7%
Non-Current Liabilities$11.7M-0.5%$11.9M-0.4%$14.0M+16.5%$7.3M-9.9%$11.7M+46.9%$11.9M+37.3%$12.0M+36.1%$8.1M-1.9%
Total Equity$113.4M-19.7%$109.9M-22.4%$111.5M-21.9%$107.5M-35.5%$141.3M-15.4%$141.7M-29.5%$142.8M-30.4%$166.5M-36.1%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt, Retained Earnings.

GURE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GURE quarterly cash flow statement
MetricQ2'2610-QQ1'2610-Q/AQ4'2510-K/AQ3'2510-QQ2'2510-QQ1'2510-Q/AQ4'2410-Q/AQ3'2410-Q
Operating Cash Flow-$5.3Mn/m$1.1Mn/m$3.2M+233.0%$6.7M+1194.5%-$560K-208.0%-$1.6Mn/m$969Kn/m$519Kn/m
Depreciation & Amortization$4.2M+4.6%$4.1M+2.2%$4.5M-6.5%$3.8M-17.9%$4.0M-15.5%$4.0M-9.3%$4.8M-53.9%$4.6M-4.6%
Stock-Based CompensationN/AN/AN/AN/AN/A$196KN/AN/A
Capital Expenditures$1.2M$515K$175K-99.4%N/AN/AN/A-$31.6M$31.6M+108.6%
Free Cash Flow-$6.5M$576K$3.1Mn/mN/AN/AN/A-$30.6M-$31.1Mn/m
Investing Cash Flow$7.7M$5.0M-$13.9M-144.0%N/AN/AN/A$31.6M-$31.6Mn/m
Financing Cash Flow-$3K$287K$5.1Mn/m$0-100.0%N/AN/A-$31.6Mn/m$31.6Mn/m

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

GURE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GURE quarterly financial ratios
MetricQ2'2610-QQ1'2610-Q/AQ4'2510-K/AQ3'2510-QQ2'2510-QQ1'2510-Q/AQ4'2410-Q/AQ3'2410-Q
Operating Margin9.7%+19.2pp-171.3%-43.5%-3.7%-9.5%-289.9%N/A-204.3%
Net Margin8.9%+18.6pp-165.8%-43.1%-394.3%-9.8%-291.1%N/A-155.8%
Return on Equity1.0%+1.6pp-3.6%-0.3pp-2.5%-33.2%-31.1pp-0.6%+19.3pp-3.3%-1.3ppN/A-2.1%-1.4pp
Return on Assets0.8%+1.3pp-3.0%-0.1pp-2.1%-27.0%-25.2pp-0.5%+16.6pp-2.9%-1.1ppN/A-1.8%-1.2pp
Current Ratio2.65+0.6x2.34+0.7x2.98+1.6x0.92-0.2x2.03+0.9x1.68-5.3x1.34-5.5x1.11-10.5x
Liabilities-to-Equity0.21+0.1x0.210.0x0.200.0x0.23+0.1x0.150.0x0.16+0.1x0.18+0.1x0.16+0.1x
Asset Turnover0.090.0x0.020.0x0.050.07+0.1x0.050.0x0.010.0xN/A0.010.0x
FCF Margin-50.6%24.3%47.5%N/AN/AN/AN/A-1386.2%

Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Gulf Resources, Inc. (NV) GURE FY2025 $25.4M -$43.9M N/A $5.1M 54/100
BioNexus Gene Lab Corp BGLC FY2025 $7.4M -$3.0M -40.2% $3.4M 43/100
CN Energy Group Inc. CNEY FY2025 $35.6M -$11.1M -31.3% $2.8M 53/100
Huntsman Corporation HUN FY2025 $5.7B -$284.0M -5.0% $1.6B 24/100

Frequently Asked Questions

What is Gulf Resources, Inc. (NV)'s annual revenue?

Gulf Resources, Inc. (NV) (GURE) reported $25.4M in total revenue for fiscal year 2025. This represents a 40822.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gulf Resources, Inc. (NV)'s revenue growing?

Gulf Resources, Inc. (NV) (GURE) revenue grew by 40822.7% year-over-year, from $62K to $25.4M in fiscal year 2025.

Is Gulf Resources, Inc. (NV) profitable?

No, Gulf Resources, Inc. (NV) (GURE) reported a net loss of $43.9M in fiscal year 2025.

Gulf Resources, Inc. (NV) (GURE) reported diluted earnings per share of -$32.95 for fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Gulf Resources, Inc. (NV) (GURE) had EBITDA of $7.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Gulf Resources, Inc. (NV) (GURE) had an operating margin of -33.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Gulf Resources, Inc. (NV) (GURE) has a return on equity of -39.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Gulf Resources, Inc. (NV) (GURE) recorded an outflow of $1.0M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Gulf Resources, Inc. (NV) (GURE) generated $7.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Gulf Resources, Inc. (NV) (GURE) had $133.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Gulf Resources, Inc. (NV) (GURE) invested $8.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Gulf Resources, Inc. (NV) (GURE) had a current ratio of 2.98 as of fiscal year 2025, which is generally considered healthy.

Gulf Resources, Inc. (NV) (GURE) had a liabilities-to-equity ratio of 0.20 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

Gulf Resources, Inc. (NV) (GURE) had a return on assets of -32.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Gulf Resources, Inc. (NV) (GURE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $5.1M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Gulf Resources, Inc. (NV) (GURE) trades at 0.2x sales, its market capitalization divided by $30.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.1M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Gulf Resources, Inc. (NV) (GURE) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Gulf Resources, Inc. (NV) (GURE) reported a net loss of $43.9M while generating $7.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Gulf Resources, Inc. (NV) (GURE) reported an operating loss of $8.6M against $373K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Gulf Resources, Inc. (NV) (GURE) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Gulf Resources, Inc. (NV) it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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