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GURE

Gulf Resources, Inc.

GURE

Gulf Resources, Inc. • NASDAQ
$2.81 ▲ 0.36% (+0.01)
Market Cap $3.88 M
52w High $14.70
52w Low $2.04
Dividend Yield 0%
P/E -0.06
Volume 7
Outstanding Shares 1.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.045M ▲ $769.52K ▼ $-35.665M ▼ -394.319% ▼ $-26.35 ▼ $-333.928K ▼
Q2-2025 $8.344M ▲ $1.737M ▼ $-773.777K ▲ -9.274% ▲ $-0.58 ▲ $3.481M ▲
Q1-2025 $1.604M ▼ $4.62M ▲ $-4.63M ▲ -288.542% ▲ $-4 ▲ $-364.731K ▲
Q4-2024 $1.728M ▼ $-4.31M ▼ $-18.353M ▼ -1.062K% ▼ $-17.1 ▼ $-8.892M ▼
Q3-2024 $2.242M $2.752M $-3.493M -155.768% $-3.3 $235.524K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.575M ▼ $-6.343M ▼ $0 ▼ $0 ▼
Q2-2025 $7.736M ▼ $164.632M ▼ $22.417M ▼ $142.215M ▼
Q1-2025 $8.523M ▼ $165.73M ▼ $23.145M ▼ $142.585M ▼
Q4-2024 $10.075M ▼ $169.456M ▼ $25.749M ▼ $143.707M ▼
Q3-2024 $11.237M $193.885M $27.36M $166.525M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-773.777K ▲ $-565.714K ▲ $0 $-261.778K ▼ $-786.964K ▲ $-565.71K ▲
Q1-2025 $-4.63M ▲ $-1.58M ▼ $0 ▲ $0 ▼ $-1.552M ▼ $-1.58M ▼
Q4-2024 $-18.353M ▼ $968.531K ▲ $-25.275K ▼ $14.854K ▲ $-1.162M ▼ $1.128M ▲
Q3-2024 $-3.493M ▲ $518.678K ▲ $0 ▲ $0 ▲ $869.954K ▲ $518.678K ▲
Q2-2024 $-33.098M $518.335K $-60.526M $-264.094K $-60.394M $-59.785M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Bromine
Bromine
 $0 ▲$0 ▲$0 ▲$0 ▲
Crude Salt
Crude Salt
 $0 ▲$0 ▲$0 ▲$0 ▲
Total Revenue
Total Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Over the last few years, Gulf Resources has moved from being marginally profitable to clearly loss‑making. Sales have become very small and have trended down recently, suggesting that portions of the business are idle or ramping down. Production costs are now higher than the revenue they bring in, so gross profit and operating profit have turned negative. Net results have been in the red in most years, with only a brief return to profit in the middle of the period. Overall, the income statement shows a company still struggling to restore sustainable scale and profitability after operational shutdowns and restructuring efforts.

Balance Sheet

Balance Sheet The balance sheet shows a company that still has more equity than debt, which limits financial leverage risk, but the overall asset base and equity cushion have been shrinking. Cash levels have fallen meaningfully from earlier years, reducing the buffer available to absorb ongoing losses or delays in getting new capacity fully online. Debt remains small in absolute terms, which is a positive, but the declining asset and equity base suggests that the room for prolonged underperformance is narrowing. Financial strength is acceptable but clearly weaker than a few years ago.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has hovered around break‑even, with some years slightly positive and others modestly negative. At the same time, the company has been investing in its facilities, which shows up as ongoing capital spending and generally negative free cash flow. In practice, this means Gulf Resources has been using its cash reserves to fund upgrades and new projects while the core business is not yet producing strong cash inflows. If operating cash flow does not improve as projects come online, there could be increasing pressure on liquidity over time.

Competitive Edge

Competitive Edge Gulf Resources historically held a meaningful position in China’s bromine market, with control over important brine resources and a vertically integrated model from raw materials to finished chemicals. This provides structural cost and supply advantages versus smaller players. However, environmental crackdowns and related shutdowns have weakened its practical competitive position, at least temporarily, by limiting production and revenue. The shift toward higher‑margin specialty chemicals and pharmaceuticals could strengthen its standing if executed well, but it still faces regulatory uncertainty, intense competition in chemicals, and the need to prove that its upgraded facilities can operate reliably under stricter rules.

Innovation and R&D

Innovation and R&D The company is clearly using R&D as a core part of its turnaround story. It is investing in more advanced, environmentally compliant products, including pharmaceutical intermediates and cleaner additives for the oil and gas industry. Collaboration with academic institutions suggests a desire to deepen technical capabilities rather than just rely on commodity bromine. Management has also floated ideas like materials for sodium‑ion batteries, which could open doors to new growth areas if they move beyond the concept stage. The main risk is execution: turning promising lab work and new factories into consistent, profitable commercial volumes in a highly regulated and competitive market.

Summary

Gulf Resources appears to be a traditional bromine and commodity chemical producer in the middle of a difficult but potentially transformative shift toward higher‑value and more environmentally friendly products. Financially, the company has slid into recurring losses, with shrinking revenue and weaker cash and equity positions, although it still carries little debt. Cash flows show that it is funding modernization and new capacity while the legacy business is not yet pulling its weight. Competitively, resource access and vertical integration remain strengths, but regulatory pressures and operational shutdowns have eroded the company’s near‑term position. The future story hinges on whether new facilities and R&D‑driven products can restore scale, meet environmental standards, and generatesteady profits before financial flexibility becomes too tight. Uncertainty is high, but so is the degree of change underway.

NEWS

October 22, 2025 · 8:30 AM UTC

Gulf Resources, Inc. Announces Reverse Stock Split

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