CNET
CNET
ZW Data Action Technologies Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $697K ▼ | $587K ▲ | $-494K ▼ | -70.88% ▼ | $-0.15 ▼ | $-459K ▼ |
| Q3-2025 | $1.72M ▲ | $251K ▼ | $-108K ▲ | -6.29% ▲ | $-0.05 ▲ | $-25K ▲ |
| Q2-2025 | $548K ▼ | $729K ▼ | $-637K ▼ | -116.24% ▼ | $-0.27 ▼ | $-601K ▼ |
| Q1-2025 | $1.65M ▼ | $739K ▲ | $-531K ▲ | -32.14% ▲ | $-0.23 ▲ | $-544K ▼ |
| Q4-2024 | $2.25M | $533K | $-781K | -34.73% | $-0.39 | $-317K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $970K ▼ | $9.68M ▲ | $5.28M ▼ | $4.34M ▲ |
| Q3-2025 | $1.76M ▲ | $9.65M ▲ | $6.24M ▲ | $3.35M ▼ |
| Q2-2025 | $1.71M ▲ | $9.25M ▼ | $5.67M ▼ | $3.51M ▲ |
| Q1-2025 | $807K ▼ | $9.54M ▼ | $6.37M ▲ | $3.11M ▼ |
| Q4-2024 | $812K | $9.69M | $5.97M | $3.66M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-496K ▼ | $-148K ▲ | $-600K ▼ | $-45K ▼ | $-791K ▼ | $-683K ▼ |
| Q3-2025 | $-108K ▲ | $-488.09K ▼ | $2.71K ▲ | $537.19K ▲ | $55K ▼ | $-488.48K ▼ |
| Q2-2025 | $-637K ▼ | $685K ▲ | $-28K ▼ | $250K ▼ | $899K ▲ | $1.26M ▲ |
| Q1-2025 | $-530K ▲ | $-984K ▼ | $484K ▲ | $500K ▲ | $-5K ▲ | $-1.62M ▼ |
| Q4-2024 | $-781K | $-830K | $250K | $269K | $-311K | $-830K |
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Online Advertising Placement | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Search Engine Marketing and Data Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q2 2017 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at ZW Data Action Technologies Inc.'s financial evolution and strategic trajectory over the past five years.
CNET’s strengths include a history in digital marketing with established SME relationships, a simple balance sheet without complex intangible assets or heavy long‑term debt, and a strategic shift toward higher‑value, technology‑driven services in blockchain and AI. Its partnerships with other tech firms and integration with major e‑commerce ecosystems give it avenues to reach customers that many small firms do not have. The business model is asset‑light, which, in more favorable conditions, could support scalability once products gain traction.
Key risks are substantial: recurring operating and net losses, negative free cash flow, very weak liquidity, and negative shareholder equity. The company is in the midst of a difficult pivot away from a declining legacy advertising business toward new, unproven offerings in competitive and rapidly evolving tech segments. Its small scale, limited cash, and dependence on external capital or creditor support create both solvency and execution risk. Regulatory and competitive pressures in China and abroad add another layer of uncertainty.
The overall outlook is highly uncertain and hinges on whether CNET can stabilize its finances while successfully commercializing its blockchain and AI platforms. If it secures enough funding and converts its innovation pipeline into growing, profitable revenue streams, the business could gradually move away from its current distress. If not, ongoing cash burn and a strained balance sheet may constrain its ability to compete and invest. For now, the company appears to be in a high‑risk, turnaround phase where operational progress and capital access will be critical variables to monitor.
About ZW Data Action Technologies Inc.
https://www.zdat.comZW Data Action Technologies Inc., through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $697K ▼ | $587K ▲ | $-494K ▼ | -70.88% ▼ | $-0.15 ▼ | $-459K ▼ |
| Q3-2025 | $1.72M ▲ | $251K ▼ | $-108K ▲ | -6.29% ▲ | $-0.05 ▲ | $-25K ▲ |
| Q2-2025 | $548K ▼ | $729K ▼ | $-637K ▼ | -116.24% ▼ | $-0.27 ▼ | $-601K ▼ |
| Q1-2025 | $1.65M ▼ | $739K ▲ | $-531K ▲ | -32.14% ▲ | $-0.23 ▲ | $-544K ▼ |
| Q4-2024 | $2.25M | $533K | $-781K | -34.73% | $-0.39 | $-317K |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $970K ▼ | $9.68M ▲ | $5.28M ▼ | $4.34M ▲ |
| Q3-2025 | $1.76M ▲ | $9.65M ▲ | $6.24M ▲ | $3.35M ▼ |
| Q2-2025 | $1.71M ▲ | $9.25M ▼ | $5.67M ▼ | $3.51M ▲ |
| Q1-2025 | $807K ▼ | $9.54M ▼ | $6.37M ▲ | $3.11M ▼ |
| Q4-2024 | $812K | $9.69M | $5.97M | $3.66M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-496K ▼ | $-148K ▲ | $-600K ▼ | $-45K ▼ | $-791K ▼ | $-683K ▼ |
| Q3-2025 | $-108K ▲ | $-488.09K ▼ | $2.71K ▲ | $537.19K ▲ | $55K ▼ | $-488.48K ▼ |
| Q2-2025 | $-637K ▼ | $685K ▲ | $-28K ▼ | $250K ▼ | $899K ▲ | $1.26M ▲ |
| Q1-2025 | $-530K ▲ | $-984K ▼ | $484K ▲ | $500K ▲ | $-5K ▲ | $-1.62M ▼ |
| Q4-2024 | $-781K | $-830K | $250K | $269K | $-311K | $-830K |
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 |
|---|---|---|---|---|
Online Advertising Placement | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Search Engine Marketing and Data Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q2 2017 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at ZW Data Action Technologies Inc.'s financial evolution and strategic trajectory over the past five years.
CNET’s strengths include a history in digital marketing with established SME relationships, a simple balance sheet without complex intangible assets or heavy long‑term debt, and a strategic shift toward higher‑value, technology‑driven services in blockchain and AI. Its partnerships with other tech firms and integration with major e‑commerce ecosystems give it avenues to reach customers that many small firms do not have. The business model is asset‑light, which, in more favorable conditions, could support scalability once products gain traction.
Key risks are substantial: recurring operating and net losses, negative free cash flow, very weak liquidity, and negative shareholder equity. The company is in the midst of a difficult pivot away from a declining legacy advertising business toward new, unproven offerings in competitive and rapidly evolving tech segments. Its small scale, limited cash, and dependence on external capital or creditor support create both solvency and execution risk. Regulatory and competitive pressures in China and abroad add another layer of uncertainty.
The overall outlook is highly uncertain and hinges on whether CNET can stabilize its finances while successfully commercializing its blockchain and AI platforms. If it secures enough funding and converts its innovation pipeline into growing, profitable revenue streams, the business could gradually move away from its current distress. If not, ongoing cash burn and a strained balance sheet may constrain its ability to compete and invest. For now, the company appears to be in a high‑risk, turnaround phase where operational progress and capital access will be critical variables to monitor.

CEO
Handong Cheng
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2024-09-30 | Reverse | 1:4 |
| 2023-01-20 | Reverse | 1:5 |
Ratings Snapshot
Rating : C

