Filing Flows › Gulf Resources (GURE) › Q2 2026
Gulf Resources (GURE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Sep 30, 2026
Gulf Resources (GURE) reported revenue of $12.9M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +444% from the quarter before. Operating margin was 9.7%, net earnings $1.1M (8.9% of revenue).
Gulf Resources, Q2 2026: revenue $12.9M (+54% year over year), operating margin 9.7%, net earnings $1.1M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.9M | +444% | +54% |
| Operating profit | $1.3M | — | — |
| Net earnings | $1.1M | — | — |
| Operating cash flow | −$5.3M | -589% | — |
What changed
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.
Questions
What was Gulf Resources' revenue in the second quarter 2026?
Gulf Resources (GURE) reported revenue of $12.9M for the second quarter 2026 (Q2 2026), +54% from a year earlier and +444% from the quarter before.
Was Gulf Resources profitable in the second quarter 2026?
Operating profit was $1.3M (9.7% of revenue) and net earnings $1.1M.
Source: Gulf Resources 10-Q on SEC EDGAR.