Filing Flows › Materials › Gulf Resources (GURE)
Gulf Resources (GURE) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Sep 30, 2026 · Gulf Resources (GURE) Q2 2026 earnings results →
Q2 2026 Revenue up 54% year over year to $12.9M · 9¢ of every $1 of revenue kept as net profit · operating margin 9.7%
Gulf Resources made $12.9M in Q2 2026 (+54% Y/Y). Operating margin 9.7%, net earnings $1.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $12.9M in Q2 2026, up 54% year over year and up 444% from the previous quarter.
Operating profit was $1.3M, a 9.7% margin (up 19.2 points year over year). Total costs grew 27% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+36%). Net earnings were $1.1M. The effective tax rate was 0.0%.
Operating cash flow was −$5.3M. Non-cash charges added back $4.2M of depreciation and amortization. Working capital and other items used $10.7M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$6.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Sep 30, 2026 | $12.9M | +54% | 9.7% | $1.1M | −$5.3M |
| Q1 2026 | 10-Q | Aug 28, 2026 | $2.4M | +48% | -171.3% | −$3.9M | $1.1M |
| Q4 2025 | 10-K | Aug 17, 2026 | $6.4M | +272% | -44.7% | −$2.9M | $3.2M |
| Q3 2025 | 10-Q | Nov 19, 2025 | $9.0M | +303% | -3.7% | −$35.7M | $6.7M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $8.3M | +250% | -9.5% | −$814K | −$560K |
| Q1 2025 | 10-Q | May 13, 2025 | $1.6M | +23% | -289.9% | −$4.7M | −$1.6M |
| Q4 2024 | 10-K | Apr 11, 2025 | $1.7M | -75% | -419.5% | −$19.3M | $969K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- Shandong Brother Technology Limited — 16% of its revenue · Stated in 10-K (XBRL) · source
- Shouguang Weidong Chemical Company Limited — 13% of its revenue · Stated in 10-K (XBRL) · source
About Gulf Resources
We manufacture and trade bromine and crude salt, natural gas, manufacture and sell chemical products used in oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. To date, our products have been sold only within the People’s Republic of China. As used in this report, the terms “we,” “us,” “our,” “Company” and “Gulf Resources” refers to Gulf Resources, Inc., a holding company and/or its consolidated wholly-owned subsidiaries, and the terms “ton” and “tons” refers to metric tons, in each case, unless otherwise stated or the context requires otherwise.
In its own words, from its annual report, filed Apr 11, 2025.
Gulf Resources against its Chemicals & Allied Products peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +54% against the peers' median +14%. Operating margin: 9.7% against the peers' median 9.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GURE Gulf Resources | Q2 2026 | $12.9M | +54% | 9.7% |
| OLN Olin | Q3 2026 | $1.7B | +2% | 3.4% |
| HUN Huntsman | Q3 2026 | $1.7B | +18% | 2.3% |
| Huntsman International LLC | Q2 2026 | $1.7B | +14% | 2.2% |
| CC Chemours | Q3 2026 | $1.5B | +3% | 14.4% |
| SOLS Solstice Advanced Materials | Q3 2026 | $1.0B | +8% | 10.7% |
| IOSP Innospec | Q3 2026 | $474M | +7% | 8.8% |
| PRM Perimeter Group | Q3 2026 | $390M | +24% | 106.8% |
| ECVT Ecovyst | Q3 2026 | $309M | +51% | 9.5% |
Source: Gulf Resources 10-Q on SEC EDGAR · CIK 885462 · Chemicals & Allied Products
13F: who owns GURE and who is buying
More on GURE
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results