Every 10-Q that Gulf Resource (GURE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GURE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GURE filings page.
Gulf Resources, Inc. (GURE) reported higher net revenue but continued losses for the quarter ended March 31, 2026. Net revenue rose to $2.37 million from $1.60 million a year earlier, mainly from the bromine and crude salt segments, while the chemical products segment had no revenue.
The company recorded a net loss of $3.93 million, an improvement from a $4.63 million loss in 2025, as operating loss narrowed and foreign currency translation produced other comprehensive income. Total assets were $132.8 million and stockholders’ equity $109.9 million, reflecting a largely equity-funded balance sheet.
Operating cash flow turned positive at $1.09 million versus an outflow previously, aided by non‑cash depreciation and working capital movements. Cash increased sharply to $6.54 million, helped by $5.03 million of loan repayments from third parties and $0.28 million from private placement units, while short‑term bank borrowing increased and one bank loan principal became past due.
Gulf Resources’ Q3 2025 results show severe losses driven by asset write-downs despite strong revenue growth. Net revenue for the quarter rose to $9,044,581 from $2,242,365 a year earlier, and nine‑month revenue increased to $18,992,813 from $5,932,596, reflecting higher sales across its bromine, crude salt and chemical operations in China.
However, the company recorded a large impairment of long‑lived assets of $29,782,912 and a loss on disposal of long‑lived assets of $2,008,853 in the three and nine months ended September 30, 2025. These charges, together with operating costs, led to a Q3 net loss of $35,664,512 and a nine‑month net loss of $41,067,789.
At September 30, 2025, total assets were $131,907,547 and total liabilities were $24,445,851, with stockholders’ equity of $107,461,696. Current assets of $15,669,085 were below current liabilities of $17,111,071, and management discloses significant doubts about the company’s ability to continue as a going concern, citing ongoing losses, a working capital deficit and the need for additional financing and cost controls.
Gulf Resources reported a meaningful revenue recovery and narrower losses while retaining liquidity but continues to disclose material operational and regulatory risks.
Net revenue rose to $8,343,785 for the quarter (from $2,383,169 a year earlier) and to $9,948,232 for the six-month period (from $3,690,231). Net loss narrowed to $773,777 for the quarter (versus a loss of $33,097,918 in the prior-year quarter) and to $5,403,277 for six months (versus $37,090,050). Cash was $7,736,081 and current assets exceeded current liabilities by about $5.49 million, providing a short-term liquidity cushion.
Material concerns remain: management discloses significant going-concern doubts and potential enforcement and land-use issues for certain factories, construction of a chemical factory is suspended pending product decisions, top five customers accounted for 65.2% of sales, top three suppliers supplied 100% of raw materials, deferred tax assets are fully reserved with a $16,287,611 valuation allowance, and accumulated other comprehensive loss is $(20,228,352). The company also registered a shelf to offer up to $10,000,000 of securities.