Every 10-Q that Wetouch Technology Inc. (WETH) 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 WETH 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 WETH filings page.
Wetouch Technology Inc. reported continued growth for the three and six months ended June 30, 2026. Revenue reached $14.0 million in the quarter, up 12.9% year over year, and $30.3 million for the first half, up 9.4%, driven by higher unit volumes, modest RMB price increases and favorable RMB/USD exchange effects. The business remains focused on medium- to large-sized projected capacitive touchscreens for automotive, industrial, POS, gaming, medical and printer applications, with about two-thirds of sales in mainland China and one-third overseas.
Gross margin stayed robust, at 34.9% for the quarter and 35.3% for the first half. Net income was $2.2 million in the quarter (flat year over year) and $6.0 million for the first half, up 25.0%, supported by strong gross profit and a sharp reduction in general and administrative expenses after a large consulting amortization ended in 2025, partially offset by $1.0 million in share-based compensation to consultants.
The balance sheet is very liquid: as of June 30, 2026, Wetouch held $127.5 million in cash and $152.6 million in total assets against only $3.8 million in total liabilities. Construction in progress for a new facility totaled $9.1 million, with total planned capital requirements of about $14.8 million and an additional commitment of RMB7.3 million (about $1.08 million), funded mainly from existing cash and operating flows. Management highlights ongoing PRC-related regulatory and cash-transfer risks and discloses that previously identified material weaknesses in internal control over financial reporting remain under remediation.
Wetouch Technology Inc. reported solid growth for the quarter ended March 31, 2026. Revenue reached $16.3 million, up 6.5% from the prior-year quarter, driven by both China and overseas touchscreen sales. Net income rose to $3.9 million from $2.6 million, helped by lower general and administrative costs.
Gross margin edged down to 35.7% from 36.9% as labor and material costs increased, but operating income still improved to $5.1 million. Cash and cash equivalents were strong at $120.5 million versus $118.4 million at year-end, while total liabilities remained low at $4.1 million against total assets of $147.3 million.
The company continues building a new manufacturing facility in Chengdu with total estimated capital needs of about $36.7 million and $13.7 million recorded in construction in progress as of March 31, 2026. Customer concentration remains high, and management acknowledges previously identified material weaknesses in internal control over financial reporting have not yet been remediated.
Wetouch Technology Inc. reported steady growth with profitability in Q3 2025. Revenue reached $12.18 million, up 6.1% year over year, driven by higher unit volumes in China, partly offset by lower average selling prices. Gross margin eased to 32.7% from 38.4% as raw materials and labor costs rose. Operating income was $3.13 million, and net income was $2.53 million, compared with $2.66 million a year ago.
For the first nine months, revenue was $39.89 million (up 3.4%) and net income was $7.33 million (up from $5.92 million). Cash stood at $113.19 million as of September 30, 2025, with total liabilities of $4.74 million and stockholders’ equity of $135.17 million, reflecting a strong balance sheet. Domestic sales accounted for 68.9% of Q3 revenue as China demand outpaced overseas markets.
The company continues building its new Chengdu facility, targeting construction completion by the end of 2025 and production commencement in the second quarter of 2026, primarily funded by cash on hand.
Wetouch Technology Inc. reported modest top-line growth with quarterly revenue of $12.4M, up 1.6% year-over-year, while gross profit fell to $4.1M (gross margin 33.1% vs 39.7% prior year). Net income totaled $2.2M, down 18.5%, as shipment volume rose to 615,742 units, up 5.1%. Cash and cash equivalents were reported at $110.5M at period end.
The company discloses material concentration risks: five customers together account for large shares of revenue and several suppliers represent roughly half of raw-material purchases. Management noted significant internal control and financial reporting deficiencies and ongoing Sarbanes-Oxley remediation efforts. The company prepaid land purchase for a new facility and expects a land-use certificate by H2 2026, but says additional financing may be required to complete construction and install production lines.
Wetouch Technology Inc. reported modest revenue growth with meaningful margin improvement in Q1. Revenue rose to $15.3M, up 2.7% year-over-year, while gross profit increased to $5.6M (a 69.7% rise) driving a gross margin of 36.9% versus 22.4% a year earlier. Net income improved to $2.5M, up 316.7%, and total units shipped were 762,545, up 11.9%.
Financial position highlights include cash and equivalents of $106.4M at period end and net cash provided by financing activities of $7.5M. The company completed corporate restructurings including a reverse stock split and reports 11,931,534 shares outstanding. Material risks disclosed include heavy reliance on top customers, significant accounts receivable collectability risk, the need for additional financing to execute growth plans, potential loss of preferential PRC tax treatments, supply-chain and raw material cost volatility, and regulatory risks including possible trading prohibition under the Holding Foreign Companies Accountable Act if PCAOB inspection status remains unresolved.