Jowell Global Revenue Rises 24.1% to $165 Million Despite Continued Loss
Key Facts
Jowell Global’s revenue for fiscal 2025 rose 24.1% to $165 million, from $133 million in 2024, according to its annual report filed with the U.S. Securities and Exchange Commission. The company, however, posted a net loss of $6.278 million, compared with a loss of $8.003 million in the previous year. Basic and diluted loss per share was $2.87, versus $3.69 in 2024. Operating loss also fell to about $5 million from about $8 million, which the company attributed mainly to higher sales revenue. The company’s shares closed at $1.73 on November 12, 2026, according to EL7 data.
Overall revenue growth came amid sharp shifts among product categories. Revenue from health and nutritional supplements surged 289.1% to $130.621 million in 2025, from $33.572 million in 2024. The company said the increase was mainly linked to a higher number of units sold. By contrast, revenue from household products fell 83.4%, or about $52.3 million, between the two years. The company attributed the decline to lower unit prices and sales, as well as weaker demand for premium-branded products.
The expansion in sales coincided with a sharp rise in order fulfillment costs. Fulfillment, shipping and warehousing expenses increased 303.3% in 2025, and their share of revenue rose to 4.9%, compared with 1.5% in 2024. The company attributed the increase to selling and purchasing more products. Despite the narrower operating loss, the year ended with a net loss of $6.278 million. The company said the economic slowdown was among the main factors behind the loss and operating cash outflow.
Operating cash outflow was $1.5 million in 2025, while the company had about $2.7 million in cash and $6.5 million in working capital as of December 31 of that year. The auditor’s report cited material uncertainty that may raise substantial doubt about the company’s ability to continue as a going concern. The report pointed to a pretax loss of $5,799,945 during the fiscal year and an accumulated deficit of $40,283,230 at year-end. This places the improvement in net and operating losses alongside the liquidity and deficit indicators disclosed in the report. The company said the adverse effects of the economic slowdown had affected its business and operations.
Management said it was working to expand its customer and distributor base and improve the quality of gross merchandise value, while reducing promotion and marketing costs. It said its goal was to cut costs and gradually move from losses to profitability over one to two years. This period remains a management target stated in the annual report, while the company recorded a loss per share of $2.87 for 2025. The company also linked the year’s losses to the economic slowdown, while results showed higher revenue and an improvement in operating loss. The shares closed at $1.73 in the November 12, 2026 session, according to EL7 data.