Filing Flows › Wetouch Technology (WETH) › Q1 2026
Wetouch Technology (WETH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Wetouch Technology (WETH) reported revenue of $16.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +211% from the quarter before. Operating margin was 31.2%, net earnings $3.9M (23.7% of revenue).
Wetouch Technology, Q1 2026: revenue $16.3M (+7% year over year), operating margin 31.2%, net earnings $3.9M, operating cash flow $520K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.3M | +211% | +7% |
| Gross profit | $5.8M | +812% | +3% |
| Operating profit | $5.1M | — | +28% |
| Net earnings | $3.9M | — | +51% |
| Operating cash flow | $520K | — | -75% |
What changed
Revenue was $16.3M in Q1 2026, up 7% year over year and up 211% from the previous quarter.
Gross margin was 35.7%, down 1.2 points from Q1 2025. Operating profit was $5.1M, a 31.2% margin (up 5.2 points year over year). Of the extra revenue versus Q1 2025, 109% reached operating profit, above the 26% margin then. Operating expenses fell 56% while revenue rose 7%. The fastest-growing cost line was Sales & marketing (+54%). Net earnings were $3.9M, up 51% year over year. The effective tax rate was 24.3%.
Operating cash flow was $520K (down 75% year over year), 13% of net earnings. Non-cash charges added back $9K of depreciation and amortization. Working capital and other items used $3.4M.
Questions
What was Wetouch Technology's revenue in the first quarter 2026?
Wetouch Technology (WETH) reported revenue of $16.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +211% from the quarter before.
Was Wetouch Technology profitable in the first quarter 2026?
Operating profit was $5.1M (31.2% of revenue) and net earnings $3.9M.
Source: Wetouch Technology 10-Q on SEC EDGAR.