PerpEquities

Equity · Technology

Wangsu Science & Technology Co., Ltd. (WANGSU) perpetual futures

WANGSU perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade WANGSUUSDT.

Wangsu Science & Technology Co., Ltd. tracked across crypto venues with normalized contract specifications.

$2.26-1.2%
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Collecting venue price data...
venue perp mark · Gate.io (WANGSU/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$2.8K
Open interest
$4.7K
Best liquidity
-
Tightest spread
+4.4 bps
Gate.io
Highest volume
$2.8K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeWANGSU/USDTTrading$2.260.0% APR
0.000% every 8h
+4.4 bps-$2.8K$4.7KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

WANGSU

Highest volume

WANGSU

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$5.6B
Updated 1h ago
Revenue
$688.5M
Trailing 12 months
Revenue growth
+11%
Next fiscal year
Profit margin
+16.7%
P/E
48.0
Peer P/E 24.6
Free cash flow
$141.1M
Trailing 12 months
More metrics
Net income
$115.3M
Trailing 12 months
P/S
8.2
Peer P/E
24.6
Similar listed perps
Revenue estimate
$767.7M
Next fiscal year
Earnings
2026-10-23
Revenue est. $178.2M · Updated 1h ago
Dividend
¥0.08
2026-08-27

Fundamental detail

Annual + quarterly
Latest revenue$693.3M
Net margin+17.2%
Free cash flow$122.2M
Net debt-$223.2M
2020$845.9M
2021$680.5M
2022$756.3M
2023$699.9M
2024$733.6M
2025$693.3M
PeriodRevenueGrowthNet incomeFCF
2020$845.9M-5%$32.7M$56.9M
2021$680.5M-20%$24.6M$86.4M
2022$756.3M+11%$28.4M$110.5M
2023$699.9M-7%$91.2M$104.9M
2024$733.6M+5%$100.3M$108.8M
2025$693.3M-5%$118.9M$122.2M
PeriodGross marginOperating marginNet marginROEROA
2020+25.3%+5.1%+3.9%+2.5%+2.1%
2021+25.3%+3.8%+3.6%+1.9%+1.6%
2022+26.2%+5.0%+3.7%+2.1%+1.8%
2023+32.0%+14.6%+13.0%+6.4%+5.6%
2024+31.4%+14.7%+13.7%+6.8%+5.6%
2025+35.5%+18.5%+17.2%+7.7%+6.7%
PeriodCashDebtNet debtCurrent ratio
2020$174.4M$33.1M-$141.3M3.98
2021$151.3M$84.2M-$67.1M4.55
2022$367.4M$28M-$339.4M4.81
2023$272.5M$17.9M-$254.6M5.20
2024$302.8M$121.3M-$181.5M4.80
2025$281.9M$58.7M-$223.2M6.02
PeriodMarket capEnterprise valueP/SP/E
2020$2.5B$2.3B2.975.6
2021$2.4B$2.4B3.699.1
2022$2B$1.7B2.771.4
2023$2.9B$2.6B4.131.6
2024$3.8B$3.6B5.237.8
2025$3.7B$3.5B5.431.1
Q3 2024$194.8M
Q4 2024$196.7M
Q1 2025$183.7M
Q2 2025$165.9M
Q3 2025$169.8M
Q4 2025$173.9M
Q1 2026$166M
Q2 2026$178.9M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$194.8M+10%$19.6M$71.3M
Q4 2024$196.7M+11%$36.5M$12.9M
Q1 2025$183.7M+10%$28.5M$27.3M
Q2 2025$165.9M-5%$26.9M$18.2M
Q3 2025$169.8M-13%$36.2M$64M
Q4 2025$173.9M-12%$27.3M$23.5M
Q1 2026$166M-10%$18M$23.6M
Q2 2026$178.9M+8%$33.8M$30.1M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+28.2%+11.4%+10.1%+1.4%+1.1%
Q4 2024+33.9%+18.3%+18.6%+2.5%+2.0%
Q1 2025+31.0%+17.4%+15.5%+1.9%+1.5%
Q2 2025+36.2%+17.9%+16.2%+1.9%+1.5%
Q3 2025+36.7%+8.4%+21.3%+2.4%+2.0%
Q4 2025+38.6%+13.7%+15.7%+1.8%+1.5%
Q1 2026+37.1%+13.5%+10.8%+1.1%+1.0%
Q2 2026+34.2%+16.5%+18.9%+2.2%+1.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$293.5M$141.2M-$152.3M3.63
Q4 2024$302.8M$121.3M-$181.5M4.80
Q1 2025$293.4M$141.9M-$151.5M4.61
Q2 2025$201.8M$162.4M-$39.4M4.50
Q3 2025$206.6M$98.4M-$108.2M5.15
Q4 2025$281.9M$58.7M-$223.2M6.02
Q1 2026$196.6M$47.5M-$149M6.42
Q2 2026$251.7M$56M-$195.7M6.43
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$3.4B$3.2B17.443.3
Q4 2024$3.8B$3.6B19.426.4
Q1 2025$4.4B$4.2B23.838.3
Q2 2025$3.9B$3.9B23.536.3
Q3 2025$4.2B$4.1B24.829.0
Q4 2025$3.7B$3.5B21.534.3
Q1 2026$6.2B$6B37.386.0
Q2 2026$4.8B$4.6B26.635.2

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$178.9MQ2 2026
$49.2M$98.3M$147.5M$196.7MQ3 2023: $177.1MQ4 2023: $176.8MQ1 2024: $166.6MQ2 2024: $175.6MQ3 2024: $194.8MQ4 2024: $196.7MQ1 2025: $183.7MQ2 2025: $165.9MQ3 2025: $169.8MQ4 2025: $173.9MQ1 2026: $166MQ2 2026: $178.9MQ3 2023Q2 2026
Net income$33.8MQ2 2026
$9.1M$18.3M$27.4M$36.5MQ3 2023: $24.9MQ4 2023: $27.9MQ1 2024: $20.6MQ2 2024: $23.6MQ3 2024: $19.6MQ4 2024: $36.5MQ1 2025: $28.5MQ2 2025: $26.9MQ3 2025: $36.2MQ4 2025: $27.3MQ1 2026: $18MQ2 2026: $33.8MQ3 2023Q2 2026
EBITDA$36.1MQ2 2026
$12.3M$24.5M$36.8M$49MQ3 2023: $33.1MQ4 2023: $27.3MQ1 2024: $24.4MQ2 2024: $20.9MQ3 2024: $32.3MQ4 2024: $21.4MQ1 2025: $29.6MQ2 2025: $21.8MQ3 2025: $49MQ4 2025: $31MQ1 2026: $20.9MQ2 2026: $36.1MQ3 2023Q2 2026
Free cash flow$30.1MQ2 2026
$17.8M$35.6M$53.5M$71.3MQ3 2023: $43.3MQ4 2023: $12.3MQ1 2024: $33MQ2 2024: $944.3KQ3 2024: $71.3MQ4 2024: $12.9MQ1 2025: $27.3MQ2 2025: $18.2MQ3 2025: $64MQ4 2025: $23.5MQ1 2026: $23.6MQ2 2026: $30.1MQ3 2023Q2 2026
EPS$0.01Q2 2026
$0$0.01$0.01$0.01Q3 2023: $0.01Q4 2023: $0.01Q1 2024: $0.01Q2 2024: $0.01Q3 2024: $0.01Q4 2024: $0.01Q1 2025: $0.01Q2 2025: $0.01Q3 2025: $0.01Q4 2025: $0.01Q1 2026: $0.01Q2 2026: $0.01Q3 2023Q2 2026
Cash / Debt$251.7MQ2 2026
$78.1M$156.1M$234.2M$312.3MQ3 2023 · Cash: $281.7MQ3 2023 · Debt: $48MQ4 2023 · Cash: $272.5MQ4 2023 · Debt: $17.9MQ1 2024 · Cash: $312.3MQ1 2024 · Debt: $17.4MQ2 2024 · Cash: $246.3MQ2 2024 · Debt: $88.1MQ3 2024 · Cash: $293.5MQ3 2024 · Debt: $141.2MQ4 2024 · Cash: $302.8MQ4 2024 · Debt: $121.3MQ1 2025 · Cash: $293.4MQ1 2025 · Debt: $141.9MQ2 2025 · Cash: $201.8MQ2 2025 · Debt: $162.4MQ3 2025 · Cash: $206.6MQ3 2025 · Debt: $98.4MQ4 2025 · Cash: $281.9MQ4 2025 · Debt: $58.7MQ1 2026 · Cash: $196.6MQ1 2026 · Debt: $47.5MQ2 2026 · Cash: $251.7MQ2 2026 · Debt: $56MQ3 2023Q2 2026
CashDebt
Profitability+34.2%Q2 2026
+9.6%+19.3%+28.9%+38.6%Q3 2023 · Gross margin: +32.3%Q4 2023 · Gross margin: +36.0%Q1 2024 · Gross margin: +33.3%Q2 2024 · Gross margin: +30.2%Q3 2024 · Gross margin: +28.2%Q4 2024 · Gross margin: +33.9%Q1 2025 · Gross margin: +31.0%Q2 2025 · Gross margin: +36.2%Q3 2025 · Gross margin: +36.7%Q4 2025 · Gross margin: +38.6%Q1 2026 · Gross margin: +37.1%Q2 2026 · Gross margin: +34.2%Q3 2023 · Operating margin: +15.5%Q4 2023 · Operating margin: +16.4%Q1 2024 · Operating margin: +13.7%Q2 2024 · Operating margin: +15.3%Q3 2024 · Operating margin: +11.4%Q4 2024 · Operating margin: +18.3%Q1 2025 · Operating margin: +17.4%Q2 2025 · Operating margin: +17.9%Q3 2025 · Operating margin: +8.4%Q4 2025 · Operating margin: +13.7%Q1 2026 · Operating margin: +13.5%Q2 2026 · Operating margin: +16.5%Q3 2023 · Net margin: +14.1%Q4 2023 · Net margin: +15.8%Q1 2024 · Net margin: +12.4%Q2 2024 · Net margin: +13.5%Q3 2024 · Net margin: +10.1%Q4 2024 · Net margin: +18.6%Q1 2025 · Net margin: +15.5%Q2 2025 · Net margin: +16.2%Q3 2025 · Net margin: +21.3%Q4 2025 · Net margin: +15.7%Q1 2026 · Net margin: +10.8%Q2 2026 · Net margin: +18.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.8%Q2 2026
-6.8%-0.8%+5.2%+11.3%Q3 2024: +10.0%Q4 2024: +11.3%Q1 2025: +10.3%Q2 2025: -5.5%Q3 2025: -12.9%Q4 2025: -11.6%Q1 2026: -9.7%Q2 2026: +7.8%Q3 2023Q2 2026
Shares outstanding2.5BQ2 2026
625.4M1.3B1.9B2.5BQ3 2023: 2.5BQ4 2023: 2.5BQ1 2024: 2.4BQ2 2024: 2.4BQ3 2024: 2.4BQ4 2024: 2.5BQ1 2025: 2.5BQ2 2025: 2.5BQ3 2025: 2.5BQ4 2025: 2.5BQ1 2026: 2.5BQ2 2026: 2.5BQ3 2023Q2 2026
Valuation35.2Q2 2026
21.543.064.586.0Q3 2023 · P/E: 24.1Q4 2023 · P/E: 25.7Q1 2024 · P/E: 41.4Q2 2024 · P/E: 30.8Q3 2024 · P/E: 43.3Q4 2024 · P/E: 26.4Q1 2025 · P/E: 38.3Q2 2025 · P/E: 36.3Q3 2025 · P/E: 29.0Q4 2025 · P/E: 34.3Q1 2026 · P/E: 86.0Q2 2026 · P/E: 35.2Q3 2023 · P/S: 13.6Q4 2023 · P/S: 16.2Q1 2024 · P/S: 20.5Q2 2024 · P/S: 16.6Q3 2024 · P/S: 17.4Q4 2024 · P/S: 19.4Q1 2025 · P/S: 23.8Q2 2025 · P/S: 23.5Q3 2025 · P/S: 24.8Q4 2025 · P/S: 21.5Q1 2026 · P/S: 37.3Q2 2026 · P/S: 26.6Q3 2023Q2 2026
P/EP/S
Revenue$693.3M2025
$235.7M$471.4M$707M$942.7M2018: $942.7M2019: $893.6M2020: $845.9M2021: $680.5M2022: $756.3M2023: $699.9M2024: $733.6M2025: $693.3M20182025
Net income$118.9M2025
$29.9M$59.8M$89.7M$119.6M2018: $119.6M2019: $5.1M2020: $32.7M2021: $24.6M2022: $28.4M2023: $91.2M2024: $100.3M2025: $118.9M20182025
EBITDA$156.7M2025
$44.5M$89M$133.4M$177.9M2018: $177.9M2019: $96.7M2020: $104.9M2021: $57.6M2022: $80.1M2023: $99.7M2024: $91.7M2025: $156.7M20182025
Free cash flow$122.2M2025
-$47.8M$8.9M$65.5M$122.2M2018: -$104.4M2019: -$28.7M2020: $56.9M2021: $86.4M2022: $110.5M2023: $104.9M2024: $108.8M2025: $122.2M20182025
EPS$0.052025
$0.01$0.02$0.04$0.052018: $0.052019: $02020: $0.012021: $0.012022: $0.012023: $0.042024: $0.042025: $0.0520182025
Cash / Debt$281.9M2025
$91.8M$183.7M$275.5M$367.4M2018 · Cash: $345M2018 · Debt: $201.2M2019 · Cash: $245M2019 · Debt: $20.2M2020 · Cash: $174.4M2020 · Debt: $33.1M2021 · Cash: $151.3M2021 · Debt: $84.2M2022 · Cash: $367.4M2022 · Debt: $28M2023 · Cash: $272.5M2023 · Debt: $17.9M2024 · Cash: $302.8M2024 · Debt: $121.3M2025 · Cash: $281.9M2025 · Debt: $58.7M20182025
CashDebt
Profitability+35.5%2025
+8.9%+17.8%+26.7%+35.5%2018 · Gross margin: +33.2%2019 · Gross margin: +25.1%2020 · Gross margin: +25.3%2021 · Gross margin: +25.3%2022 · Gross margin: +26.2%2023 · Gross margin: +32.0%2024 · Gross margin: +31.4%2025 · Gross margin: +35.5%2018 · Operating margin: +13.3%2019 · Operating margin: +2.7%2020 · Operating margin: +5.1%2021 · Operating margin: +3.8%2022 · Operating margin: +5.0%2023 · Operating margin: +14.6%2024 · Operating margin: +14.7%2025 · Operating margin: +18.5%2018 · Net margin: +12.7%2019 · Net margin: +0.6%2020 · Net margin: +3.9%2021 · Net margin: +3.6%2022 · Net margin: +3.7%2023 · Net margin: +13.0%2024 · Net margin: +13.7%2025 · Net margin: +17.2%20182025
Gross marginOperating marginNet margin
Revenue growth-5.5%2025
-11.9%-4.2%+3.5%+11.1%2019: -5.2%2020: -5.3%2021: -19.5%2022: +11.1%2023: -7.4%2024: +4.8%2025: -5.5%20182025
Shares outstanding2.5B2025
624.6M1.2B1.9B2.5B2018: 2.4B2019: 2.4B2020: 2.4B2021: 2.4B2022: 2.4B2023: 2.5B2024: 2.5B2025: 2.5B20182025
Valuation31.12025
166.6333.2499.8666.42018 · P/E: 23.42019 · P/E: 666.42020 · P/E: 75.62021 · P/E: 99.12022 · P/E: 71.42023 · P/E: 31.62024 · P/E: 37.82025 · P/E: 31.12018 · P/S: 2.92019 · P/S: 3.82020 · P/S: 2.92021 · P/S: 3.62022 · P/S: 2.72023 · P/S: 4.12024 · P/S: 5.22025 · P/S: 5.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-23
Revenue est. $178.2M · Updated 1h ago
Dividend
¥0.08
2026-08-27

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

5
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.32$767.7M+11%1
FY 20270.42$865.7M+25%1
FY 20280.54$957.4M+38%1
Q2 20260.00$178.9M+8%0
Q3 20260.00$178.2M+5%0

Company events

6
2026-10-23EarningsActual - / Estimate $178.2M-
2026-08-27Dividend¥0.08-
2026-08-15EarningsActual 0.09 / Estimate -Miss
2026-06-09Dividend¥0.25-
2026-04-24EarningsActual 0.05 / Estimate -In line
2026-04-15EarningsActual 0.07 / Estimate -In line

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering WANGSU have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade WANGSU perpetual futures?

Wangsu Science & Technology Co., Ltd. (WANGSU) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade WANGSU around the clock?

Yes. Unlike the underlying stock, WANGSU perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on WANGSU perpetuals?

Right now the WANGSU perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the WANGSU perp price compare to the Wangsu Science & Technology Co., Ltd. stock?

The venue-median WANGSU perp mark is $2.26 versus a reference stock price of $2.26, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a WANGSU perpetual future?

A WANGSU perpetual is a derivative that tracks the price of Wangsu Science & Technology Co., Ltd. with no expiry date. It lets you take long or short exposure to Wangsu Science & Technology Co., Ltd. on crypto venues, around the clock.

What is WANGSUUSDT perpetual?

WANGSUUSDT is the symbol most crypto exchanges use for the Wangsu Science & Technology Co., Ltd. perpetual settled in USDT (Tether). It tracks the WANGSU share price through an index, trades 24/7 with leverage and never expires.

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