GULF RESOURCES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.4M | $7.7M | $30.0M | $66.1M | $55.0M | $28.2M | $10.6M | $2.6M |
| Cost of Revenue | — | — | — | — | — | $19.4M | $5.4M | $1.3M |
| Gross Profit | — | — | — | — | — | $8.8M | $5.2M | $1.3M |
| Gross Margin | — | — | — | — | — | 31.2% | 48.8% | 49.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | $0 |
| SG&A Expense | $5.6M | $6.2M | $4.2M | $6.0M | $9.5M | $10.2M | $13.3M | $66.1K |
| Operating Income | $-8.6M | $-22.2M | $-11.9M | $16.5M | $5.2M | $-9.7M | $-23.3M | $-83.6M |
| Operating Margin | -33.7% | -290.4% | -39.6% | 24.9% | 9.5% | -34.3% | -219.8% | -3,219.8% |
| Interest Expense | $372.6K | $91.9K | $105.2K | $121.4K | $137.2K | $136.4K | $145.4K | $160.4K |
| Pretax Income | $-43.9M | $-58.3M | $-58.3M | $16.6M | $5.4M | $-9.5M | $-23.0M | $-83.1M |
| Income Tax Expense | — | $1.6M | $3.5M | $6.6M | $6.3M | $-1.1M | $2.8M | $-13.1M |
| Net Income | $-43.9M | $-59.9M | $-61.8M | $10.1M | $-924.7K | $-8.4M | $-25.8M | $-70.0M |
| Net Margin | -172.8% | -781.9% | -205.7% | 15.2% | -1.7% | -29.9% | -243.5% | -2,696.2% |
| EPS (Basic) | $-32.95 | $-54.88 | $-58.16 | $1.00 | $-0.09 | $-0.87 | $-2.73 | $-1.49 |
| EPS (Diluted) | $-32.95 | $-54.88 | $-58.16 | — | $-0.09 | $-0.87 | $-2.73 | $-1.49 |
| Shares Outstanding (Basic) | 1.3M | 1.1M | 1.1M | 10.0M | 10.5M | 10.0M | 9.5M | 46.8M |
| Shares Outstanding (Diluted) | 1.3M | 1.1M | 1.1M | 10.0M | 10.5M | 10.0M | 9.5M | 46.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |