Saturday 17 October 2026 Export GURE’s income statement to Excel — free account

Gulf Resources, Inc.

Gulf Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.4 million, up 231.8% from fiscal 2024. In the quarter to June 2026, revenue grew 54.5%, EPS grew 206.0%, free cash flow fell 1,065.2% and total debt rose 484.8%, each against the same quarter a year earlier.

3.12 0.11 +3.65%

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Market cap: $5.5M
P/E: 0.0×
Fwd P/E: −4.7×
Dividend yield: —
F-score: 6/9
Altman Z: 0.46
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 22.64%

Capital & Financial Ratios $m

Market Cap 5.46

Revenue 30.73

Net Income (41.30)

Free Cash Flow (4.85)

Net Debt (3.97)

Current Ratio 2.65

Debt/Equity 0.05

P/E ratio 0.00

Fwd P/E (4.72)

P/S ratio 0.18

P/B ratio 0.05

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth 166.13%

Next 5Y EPS Growth 19.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.81%

10-year low 10-year high

P/B against its own 10 years 4.31%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	72	10	0	9
Receivables	5	1	20	18
Inventory	1	0	1	1
Other	—	0	0	0
	86	17	25	31

	2023	2024	2025	Q'26
Payables	9	6	2	3
ST’ Debt	—	—	—	—
Other	3	3	2	2
	13	13	8	12

Compound Annual Growth %

	10y	5y	3y
Sales	(16.92%)	(2.06%)	(27.28%)
Cash Flow	(19.75%)	(3.46%)	(46.57%)
Earnings	0.00%	0.00%	0.00%
Book Value	(10.50%)	(16.64%)	(25.68%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2	13	—	—	—
’25	2	8	9	6	25
’24	1	2	2	2	8
’23	9	8	6	7	30
’22	9	16	23	19	66
’21	5	11	18	21	55
’20	1	5	10	12	28

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	(5)	—	—	—
’25	(2)	(1)	7	3	8
’24	(1)	1	1	1	1
’23	5	6	(1)	(43)	(33)
’22	8	10	19	14	51
’21	3	4	4	12	23
’20	2	(1)	2	6	9

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	(7)	—	—	—
’25	(2)	(1)	(2)	3	(1)
’24	(1)	(60)	1	33	(28)
’23	5	6	(16)	(43)	(33)
’22	8	(23)	19	10	14
’21	3	(2)	1	(9)	(7)
’20	(5)	(3)	2	(6)	(12)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.48)	0.64	—	—	—
’25	(4.00)	(0.60)	(26.35)	(2.12)	(32.95)
’24	(3.70)	(30.90)	(3.30)	(17.10)	(54.90)
’23	(0.50)	(0.70)	(1.70)	(56.30)	(59.20)
’22	(0.10)	3.70	8.60	(2.20)	10.00
’21	(2.50)	(2.60)	5.20	(1.10)	(0.90)
’20	(3.70)	(2.40)	(3.00)	0.40	(8.70)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	68.00	67.50	32.50	22.50	25.00	38.00	28.50	11.50	5.00	2.04	Analyst estimates 2026–2028 Powerpack
	High	137.50	117.50	83.00	74.00	64.20	77.40	53.00	36.00	17.90	14.70
People
People	Employees	715	699	699	606	585	423	435	380	367	355
	Revenue/emp, $m	0.21	0.15	0.00	0.02	0.05	0.13	0.15	0.08	0.02	0.07
Income, $m
Income, $m	Revenue	149	108	3	11	28	55	66	30	8	25
	Gross margin, %	36.50	34.86	(762.92)	(94.46)	2.20	31.22	38.46	(25.27)	(208.41)	(11.56)
	EBT	48	12	(83)	(23)	(10)	5	17	(58)	(58)	(44)
	EBT margin, %	32.18	10.75	(3,200.58)	(216.99)	(33.78)	9.76	25.19	(193.91)	(760.37)	(172.79)
	Net income	36	8	(70)	(26)	(8)	(1)	10	(62)	(60)	(44)
	Depreciation	26	21	46	14	16	21	27	28	20	17
Per share, $
Per share, $	Revenue	161.27	114.89	2.77	11.20	29.22	52.55	65.84	28.28	7.02	19.07
	Earnings	39.00	8.50	(74.50)	(27.30)	(8.70)	(0.90)	10.00	(59.20)	(54.90)	(32.95)
	Cash flow	59.65	67.05	18.52	(16.17)	9.64	22.26	50.95	(30.83)	0.62	5.85
	Capex	(19.09)	(30.37)	(38.41)	(64.04)	(22.50)	(28.74)	(37.41)	0.00	(26.50)	(6.64)
	Free cash flow	40.56	36.68	(19.88)	(80.21)	(12.86)	(6.48)	13.54	(30.83)	(25.88)	(0.78)
	Book value	377.55	408.12	313.91	277.98	287.01	273.72	270.56	193.17	130.83	83.63
	Shares, m	1	1	1	1	1	1	1	1	1	1
Valuation, ×
Valuation, ×	P/E	2.57	9.11	0.00	0.00	0.00	0.00	3.22	0.00	0.00	0.00
	P/S	0.63	0.64	14.07	2.28	1.41	0.82	0.49	0.60	0.81	0.19
	P/B	0.27	0.18	0.12	0.09	0.14	0.16	0.12	0.09	0.04	0.04
	EV/Sales	(0.45)	(1.29)	(54.11)	(7.01)	(1.86)	(0.88)	(1.13)	(1.76)	0.16	0.49
	EV/FCF	(1.80)	(4.03)	7.54	0.97	4.01	2.52	(5.77)	1.00	(0.03)	0.42
Cash, $m
Cash, $m	Operating cash flow	55	63	17	(15)	9	23	51	(33)	1	8
	Capex	(18)	(28)	(36)	(61)	(22)	(30)	(38)	—	(29)	(9)
	Free cash flow	38	34	(19)	(76)	(12)	(7)	14	(33)	(28)	(1)
Balance, $m
Balance, $m	Working capital	208	238	185	101	100	102	108	73	4	16
	Total debt	2	2	2	2	2	2	1	1	5	8
	Net debt	(162)	(207)	(177)	(98)	(92)	(94)	(107)	(71)	(5)	8
	Shareholders’ equity	349	382	294	263	277	287	272	205	143	111
Returns, %
Returns, %	ROA	10.03	2.11	(20.40)	(8.93)	(2.94)	(0.31)	3.34	(23.81)	(30.37)	(29.13)
	ROIC	15.88	3.98	(44.66)	(8.84)	(3.28)	1.69	6.25	(5.53)	(10.09)	(4.50)
	ROE	10.54	2.17	(20.71)	(9.26)	(3.12)	(0.33)	3.60	(25.92)	(34.42)	(34.54)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 6 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TROX Tronox Holdings PLC	$565.3M	— (loss-making)	— (loss-making)	+18.74% (above 0%: growing)	n/m	+241.51% (above 0%: growing)	6.34%	(2.42%)	Compare
RYAM Rayonier Advanced Materials Inc.	$481.0M	— (loss-making)	— (loss-making)	+10.61% (above 0%: growing)	n/m	+69.92% (above 0%: growing)	6.10%	(1.69%)	Compare
ASIX AdvanSix	$445.5M	— (loss-making)	24.1×	+2.75% (above 0%: growing)	−89.74% (below 0%: shrinking)	−49.21% (below 0%: shrinking)	7.38%	2.15%	Compare
VHI Valhi, Inc.	$415.2M	— (loss-making)	7.0×	+9.82% (above 0%: growing)	+2,500.00% (above 0%: growing)	+435.16% (above 0%: growing)	22.56%	9.88%	Compare
ASPI ASP Isotopes Inc.	$338.8M	— (loss-making)	— (loss-making)	+327.63% (above 0%: growing)	n/m	−182.92% (below 0%: shrinking)	28.89%	(667.48%)	Compare
BAK Braskem S.A.	$312.3M	— (loss-making)	—	−99.99% (below 0%: shrinking)	n/m	+611.13% (above 0%: growing)	80.35%	48.61%	Compare
ACNT Ascent Industries Co.	$122.1M	— (loss-making)	— (loss-making)	+37.61% (above 0%: growing)	−89.23% (below 0%: shrinking)	−97.54% (below 0%: shrinking)	21.62%	(1.02%)	Compare
MKD MOLECULAR DATA	$74.9M	— (loss-making)	— (loss-making)	−51.50% (below 0%: shrinking)	n/m	—	0.83%	0.00%	Compare
GURE Gulf Resources, Inc.	$5.5M	— (loss-making)	— (loss-making)	+54.45% (above 0%: growing)	n/m	−1,065.24% (below 0%: shrinking)	14.50%	9.72%
Median of peers	$377.0M	—	—	+10.21%	−89.23%	+69.92%	14.50%	(0.51%)

All 17 Chemicals stocks →

Gulf Resources, Inc. (GURE) key facts

Strength: Gulf Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.4 million, up 231.8% from fiscal 2024.
Gulf Resources, Inc. (GURE) is a Chemicals company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, GURE traded at $3.12, a market capitalization of $5.5 million.
Return on equity was −34.5% and debt-to-equity 0.05.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.46 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 6, 2026.