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MARKETS / NASDAQ / JWEL
NASDAQ · RETAIL-NONSTORE RETAILERS · SMALL CAP

Jowell Global Ltd. JWEL

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$165.0M
▲ 24.1% YoY
$-6.3M
$-1.5M
▼ 329.4% YoY
In brief

What this company does

Jowell Global Ltd., through its consolidated variable interest entity, engages primarily in the sale of cosmetic products, nutritional supplements and household products sourced from third-party manufacturers and distributors, and also offers an online marketplace that enables third-party sellers to sell their products to the Company's online consumers. As of December 31, 2025, its platform had 4,789,170 VIP members and 277 merchants who had opened their own stores on the platform, and 93.5% of products sold on the platform were cosmetics and health and nutritional supplements. It operates under four sales channels: Online Direct Sales, Authorized Retail Store Distribution, Third-party Merchants and Live-streaming marketing. In Online Direct Sales, the company sells products under its own brands or third-party products directly on its online shopping mall, purchasing third-party products from manufacturers and suppliers and delivering them to customers. Authorized Retail Store Distribution refers to its authorized physical retail stores across the country, which purchase products from the company and distribute them to consumers. Under Third-party Merchants, an EDI certificate held by the company allows its online shopping mall to accept third-party platforms and companies to open stores on its platform, enriching the product categories offered. Under Live-streaming marketing, the company trains its authorized retail store owners to become live streamers who participate in live online broadcasts to sell products. Jowell Global Ltd. is an exempted company incorporated in the Cayman Islands with limited liability on August 16, 2019 as a holding company.

Written from the business description in Jowell Global Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 165.0M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 165.0 · Net income -6.3
80M160M20182019202020212022202320242025
Compound annual growth
−7.7%
+11.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.0% · Net -3.8%
5%-2%-4%-6%20182019202020212022202320242025
ROE
FY2025 · ROE -44.3%
20%40%60%-20%-40%20182019202020212022202320242025

Each USD of equity lost 44 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.5
2.5M5.0M-8.0M-16.0M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2019 · Dividends 1.6 · Net buybacks —
0.8M2019

Total assetsUSD 21.9M
EquityUSD 11.5M
CashUSD 2.7M
Gross debtUSD 6,381.00
Net debtUSD -2.7M
Current ratio1.68×

The company holds more cash than debt.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.20.10.20.20.20.10.10.0
Operating income $B−0.0−0.0−0.0−0.0−0.00.00.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.00.00.00.0
Income tax $B0.00.00.0−0.0−0.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.00.00.00.0
Free cash flow $B−0.00.0−0.0−0.0−0.00.0−0.00.0
EPS, diluted $−2.87−3.69−5.38−6.25−4.160.180.060.07
Dividend / sh $········
Payout %······121·
ROE %−44.3−37.8−36.6−29.9−21.931.037.962.3
Shares out B0.000.000.000.000.030.020.02·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Nonstore Retailers
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2018

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