Gulf Resources, Inc. (GURE) Revenue History
Annual and quarterly revenue from 1996 to present
GURE Revenue Over Time (1996–2024)
GURE Revenue Growth History
14 of 23 years with positive growth- FY1996 revenue growth
- N/A
- FY1997 revenue growth
- +9.8%
- FY2003 revenue growth
- -80.4%
- FY2004 revenue growth
- -31.3%
- FY2005 revenue growth
- +36.1%
- FY2006 revenue growth
- +1641.6%
- FY2007 revenue growth
- +204.3%
- FY2008 revenue growth
- +61.3%
- FY2009 revenue growth
- +26.0%
- FY2010 revenue growth
- +43.6%
- FY2011 revenue growth
- +4.2%
- FY2012 revenue growth
- -38.4%
- FY2013 revenue growth
- +16.4%
- FY2014 revenue growth
- -4.0%
- FY2015 revenue growth
- +42.8%
- FY2016 revenue growth
- -8.0%
- FY2017 revenue growth
- -28.0%
- FY2018 revenue growth
- -97.6%
- FY2019 revenue growth
- +308.4%
- FY2020 revenue growth
- +166.2%
- FY2021 revenue growth
- +95.1%
- FY2022 revenue growth
- +20.1%
- FY2023 revenue growth
- -54.5%
- FY2024 revenue growth
- -74.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $8.3M | +250.1% |
| Q1 2025 | $1.6M | +22.8% |
| Q4 2024 | $1.7M | -74.8% |
| Q3 2024 | $2.2M | -61.8% |
| Q2 2024 | $2.4M | -70.2% |
| Q1 2024 | $1.3M | -85.9% |
| Q4 2023 | $6.9M | -63.0% |
| Q3 2023 | $5.9M | -74.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
GURE's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
GURE Revenue Analysis (1996–2024)
Current Revenue & Growth
As of June 22, 2026, Gulf Resources, Inc. (GURE) generated trailing twelve-month (TTM) revenue of $13.9 million, reflecting explosive growth of +250.1% year-over-year. The most recent quarter (Q2 2025) recorded $8.3 million in revenue, up 420.0% sequentially.
Historical Growth Trajectory
GURE's 5-year compound annual growth rate (CAGR) stands at -6.3%, indicating revenue contraction over this period. The 3-year CAGR of -48.2% is below the 5-year average, signalling a growth deceleration in recent years. Gulf Resources, Inc.'s highest annual revenue of $165.0 million was recorded in 2011.
Revenue by Segment
GURE's revenue is primarily driven by Natural Gas (100%), Chemical Products (0%), and Bromine (0%). With over half of revenue concentrated in Natural Gas, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Basic Materials sector peers — including IOSP (+0.2% YoY), ASIX (-0.6% YoY), and KWR (+6.3% YoY) — GURE has outperformed the peer group in revenue growth. Compare GURE vs IOSP →
GURE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GURECurrent | $14M | +250.1% | -6.3% | -277.8% | |
 IOSP | $1.8B | +0.2% | +8.3% | 8.8% | |
 ASIX | $1.5B | -0.6% | +5.6% | 4.4% | |
 KWR | $1.9B | +6.3% | +5.9% | 9.4% | |
 HWKN | $1.1B | +11.2% | +12.7% | 10.6% | |
 ALB | $5.1B | +7.9% | +10.4% | 1.8% |
GURE Historical Revenue Data (1996–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $7.7M | -74.5% | $-15,966,374 | -208.4% | $-21,283,649 | -277.8% |
| 2023 | $30.0M | -54.5% | $-7,590,838 | -25.3% | $-11,890,725 | -39.6% |
| 2022 | $66.1M | +20.1% | $25.4M | 38.5% | $16.5M | 24.9% |
| 2021 | $55.0M | +95.1% | $17.2M | 31.2% | $5.2M | 9.5% |
| 2020 | $28.2M | +166.2% | $8.8M | 31.2% | $-9,683,392 | -34.3% |
| 2019 | $10.6M | +308.4% | $5.2M | 48.8% | $-23,294,383 | -219.8% |
| 2018 | $2.6M | -97.6% | $1.3M | 49.5% | $-83,552,531 | -3219.8% |
| 2017 | $107.5M | -28.0% | $44.4M | 41.3% | $11.2M | 10.4% |
| 2016 | $149.3M | -8.0% | $54.5M | 36.5% | $47.7M | 32.0% |
| 2015 | $162.3M | +42.8% | $53.3M | 32.8% | $45.2M | 27.8% |
| 2014 | $113.7M | -4.0% | $31.9M | 28.1% | $23.8M | 21.0% |
| 2013 | $118.4M | +16.4% | $34.2M | 28.9% | $28.4M | 24.0% |
| 2012 | $101.7M | -38.4% | $28.3M | 27.8% | $20.5M | 20.1% |
| 2011 | $165.0M | +4.2% | $75.4M | 45.7% | $44.3M | 26.9% |
| 2010 | $158.3M | +43.6% | $78.1M | 49.3% | $69.1M | 43.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
30+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
GURE — Frequently Asked Questions
Quick answers to the most common questions about buying GURE stock.
Is GURE's revenue growth accelerating or slowing?
GURE revenue growth is accelerating. TTM revenue reached $14M, up +250.1% year-over-year — ahead of the 5-year CAGR of -6.3%. This indicates the business is expanding faster than its historical baseline.
What is GURE's revenue history from 1996 to 2026?
Gulf Resources, Inc. (GURE) revenue history spans 1996 to 2026. TTM revenue as of 2026 is $14M, growing at +250.1% YoY. The 5-year CAGR is -6.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GURE's long-term revenue growth rate (CAGR)?
Gulf Resources, Inc.'s 5-year revenue CAGR of -6.3% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +250.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GURE.
Why does GURE's quarterly revenue fluctuate?
GURE quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Gulf Resources, Inc.'s revenue data from 1996 to 2026 shows full historical quarterly detail on this page.
How is GURE's revenue distributed by segment?
GURE reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GURE's revenue compare to industry peers?
Gulf Resources, Inc. (GURE) with TTM revenue of $14M and +250.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.