# GULF RESOURCES, INC. (GURE) · Edgar & Edgarette company card

> Gulf Resources (GURE) grew revenue 232% in FY2025 to $25 million, operating margin -33.7% against a 0.1% median for chemicals & allied products, equity 83.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 885462 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/GURE) · [JSON](https://www.pops4.com/boards/company/GURE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $25M |
| Revenue growth, 1 year | 231.8% |
| Revenue growth per year | -17.6% |
| Operating margin | -33.7% (prior year -290.4%) |
| Net margin | -172.8% |
| Operating cash flow | $8M |
| Capital spending | $9M |
| Free cash flow | −$1M |
| Cash | $3,793 |
| Long-term debt | — |
| Total assets | $134M |
| Total equity | $111M |
| Equity ÷ assets | 83.4% |
| Return on equity | -39.4% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, earlier statements no longer to be relied on, late quarterly report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -33.7% in FY2025; free cash flow was negative: capital spending outran operating cash (-$1.0M in FY2025); revenue is hard to predict: its 80% range is ±92%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $25.4M (FY2025). Experience: revenue up 231.8% on the year, down 17.6% a year over 4 years; operating margin -33.7%, up from -290.4%. Soundness: equity 83.4% of assets, return on equity -39.4%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $10.2M and $259.6M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $8.1M to $326.7M. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, chemicals & allied products): operating margin -33.7% against a 0.1% median; growth 231.8% against 0.4%.

Range logged 2026-09-29, receipt 17ece66437b1b8cd, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-30 ([filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526000367/0001193805-26-000367-index.htm))
- Item 3.01 Exchange listing notice or transfer: 6, latest 2026-09-03 ([filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526001185/0001193805-26-001185-index.htm))
- Item 4.02 Earlier statements no longer to be relied on: 1, latest 2026-06-04 ([filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526000756/0001193805-26-000756-index.htm))
- Item NT 10-Q Late quarterly report notice: 3, latest 2026-08-13 ([filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526001085/0001193805-26-001085-index.htm))

## Recent filings

- 8-K · filed 2026-10-15 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/885462/000149315226047183/0001493152-26-047183-index.htm)
- 8-K · filed 2026-10-06 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/885462/000149315226045874/0001493152-26-045874-index.htm)
- DEF 14A · filed 2026-10-02 · [filing](https://www.sec.gov/Archives/edgar/data/885462/000149315226045416/0001493152-26-045416-index.htm)
- 10-Q · filed 2026-09-30 · [filing](https://www.sec.gov/Archives/edgar/data/885462/000149315226045127/0001493152-26-045127-index.htm)
- 8-K · filed 2026-09-03 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526001185/0001193805-26-001185-index.htm)
- 10-Q · filed 2026-08-28 · [filing](https://www.sec.gov/Archives/edgar/data/885462/000119380526001157/0001193805-26-001157-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000885462.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=885462

## Cite

POPS4, Edgar & Edgarette: GULF RESOURCES, INC. (GURE) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/GURE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.