Filing Flows › Wetouch Technology (WETH) › Q4 2024
Wetouch Technology (WETH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Sep 11, 2025
Wetouch Technology (WETH) reported revenue of $3.6M for the fourth quarter 2024 (Q4 2024), +53% from a year earlier and -69% from the quarter before. Operating margin was -5.4%, net earnings $110K (3.0% of revenue).
Wetouch Technology, Q4 2024: revenue $3.6M (+53% year over year), operating margin -5.4%, net earnings $110K, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -69% | +53% |
| Operating profit | −$196K | — | — |
| Net earnings | $110K | — | — |
| Operating cash flow | $1.8M | -60% | -51% |
| Free cash flow | $1.7M | -64% | — |
What changed
Revenue was $3.6M in Q4 2024, up 53% year over year and down 69% from the previous quarter.
Gross margin was 26.8%, up 21.7 points from a year earlier. Operating costs exceeded revenue by $196K, an operating margin of -5.4%. Operating expenses fell 46% while revenue rose 53%. Net earnings were $110K. The tax line was a benefit of $83K on pre-tax earnings of $27K. Non-operating items added $223K, 826% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.8M (down 51% year over year), 1651% of net earnings. Non-cash charges added back $2K of depreciation. Working capital and other items added $1.7M. Capital expenditures of $153K left free cash flow of $1.7M.
Questions
What was Wetouch Technology's revenue in the fourth quarter 2024?
Wetouch Technology (WETH) reported revenue of $3.6M for the fourth quarter 2024 (Q4 2024), +53% from a year earlier and -69% from the quarter before.
Was Wetouch Technology profitable in the fourth quarter 2024?
Operating loss was $196K (-5.4% of revenue) and net earnings $110K.
Source: Wetouch Technology 10-K on SEC EDGAR.