Zw Data Action Technologs Inc Financials

CNET

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Zw Data Action Technologs Inc (CNET) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CNET FY2025 2026-05-15

Shrinking scale is now overwhelming overhead absorption, leaving ZW Data reliant on external financing despite better unit economics.

Across the recent reporting window, gross margin moved from -1.4% to 7.7%, showing the company is no longer consistently selling below cost. But revenue fell from $30.6M to $4.6M over the same span, so operating losses still reflect a scale problem: the business became too small to carry its remaining overhead.

In FY2025, operating cash flow of -$929K was close to the net loss of -$1.8M, which means the accounting loss is showing up in cash rather than being masked by working-capital timing. That points to an earnings-quality issue of weak operations, not heavy reinvestment, since capex was only $65K.

The balance sheet still shows short-term liquidity rather than immediate payment pressure, with a current ratio of 1.5x even after several loss-making years. Even so, year-end cash was only $970K, and the year was sustained by financing inflow of $1.2M while operations remained negative, so the business is not yet self-funding.

Financial Health Signals

Financial Profile 17/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Zw Data Action Technologs Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Zw Data Action Technologs Inc has an operating margin of -42.3%, meaning the company retains $-42 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -24.3% the prior year.

Growth

Zw Data Action Technologs Inc's revenue declined 70.1% year-over-year, from $15.4M to $4.6M. This contraction results in a growth score of 0/100.

Leverage

Zw Data Action Technologs Inc carries a low D/E ratio of 1.21, meaning only $1.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Zw Data Action Technologs Inc's current ratio of 1.49 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Zw Data Action Technologs Inc generated -$929K in operating cash flow, capex of $65K consumed most of it, leaving -$994K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Zw Data Action Technologs Inc generates a -40.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -102.8% the prior year.

Piotroski F-Score Weak

3/9

Zw Data Action Technologs Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.52x

For every $1 of reported earnings, Zw Data Action Technologs Inc generates $0.52 in operating cash flow (-$929K OCF vs -$1.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.6M

YoY-70.1%

5Y CAGR-34.5%

10Y CAGR-17.7%

Zw Data Action Technologs Inc generated $4.6M in revenue in fiscal year 2025. This represents a decrease of 70.1% from the prior year.

EBITDA

-$1.7M

YoY+38.9%

Zw Data Action Technologs Inc's EBITDA was -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.9% from the prior year.

Net Income

-$1.8M

YoY+52.9%

Zw Data Action Technologs Inc reported -$1.8M in net income in fiscal year 2025. This represents an increase of 52.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$994K

YoY+51.8%

Zw Data Action Technologs Inc generated -$994K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 51.8% from the prior year.

Cash & Debt

$970K

YoY+19.5%

5Y CAGR-25.7%

10Y CAGR-15.9%

Zw Data Action Technologs Inc held $970K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+50.2%

Zw Data Action Technologs Inc had 3M shares outstanding in fiscal year 2025. This represents an increase of 50.2% from the prior year.

Margins & Returns

Gross Margin

7.6%

YoY+4.8pp

5Y CAGR+6.0pp

10Y CAGR-15.9pp

Zw Data Action Technologs Inc's gross margin was 7.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.8 percentage points from the prior year.

Operating Margin

-42.3%

YoY-18.0pp

5Y CAGR-27.5pp

10Y CAGR-13.5pp

Zw Data Action Technologs Inc's operating margin was -42.3% in fiscal year 2025, reflecting core business profitability. This is down 18.0 percentage points from the prior year.

Net Margin

-38.4%

YoY-14.0pp

5Y CAGR-24.8pp

10Y CAGR-10.2pp

Zw Data Action Technologs Inc's net profit margin was -38.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 14.0 percentage points from the prior year.

Return on Equity

-40.8%

YoY+62.1pp

5Y CAGR+0.8pp

10Y CAGR-7.5pp

Zw Data Action Technologs Inc's ROE was -40.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 62.1 percentage points from the prior year.

Capital Allocation

R&D Spending

Zw Data Action Technologs Inc invested $0 in research and development in fiscal year 2025.

Share Buybacks

N/A

Capital Expenditures

$65K

YoY+2066.7%

10Y CAGR-15.6%

Zw Data Action Technologs Inc invested $65K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2066.7% from the prior year.

CNET Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.6M-70.1%	$15.4M-49.5%	$30.6M+16.6%	$26.2M-44.6%	$47.3M+23.2%	$38.4M
Cost of Revenue	$4.3M-71.6%	$15.0M-51.7%	$31.0M+17.4%	$26.4M-44.0%	$47.2M+25.0%	$37.8M
Gross Profit	$353K-20.9%	$446K+202.3%	-$436K-124.7%	-$194K-298.0%	$98K-84.5%	$632K
R&D Expenses	$0	$0-100.0%	$17K-92.6%	$229K-29.8%	$326K-39.5%	$539K
SG&A Expenses	$2.3M-42.3%	$4.0M-1.6%	$4.1M-51.1%	$8.3M-34.3%	$12.6M+132.5%	$5.4M
Operating Income	-$2.0M+48.0%	-$3.8M+37.5%	-$6.0M+45.9%	-$11.1M+18.2%	-$13.6M-138.4%	-$5.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1K-99.7%	$399K+20050.0%	-$2K+33.3%	-$3K-101.7%	$177K+23.8%	$143K
Net Income	-$1.8M+52.9%	-$3.8M+37.0%	-$6.0M+39.0%	-$9.8M-255.5%	-$2.8M+47.2%	-$5.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$383K-45.1%	$697K-59.4%	$1.7M+213.3%	$548K-66.8%	$1.7M-26.5%	$2.2M-30.6%	$3.2M-49.5%	$6.4M
Cost of Revenue	$356K-45.1%	$649K-59.9%	$1.6M+223.2%	$501K-66.4%	$1.5M-33.9%	$2.3M-29.1%	$3.2M-47.7%	$6.1M
Gross Profit	$27K-43.8%	$48K-51.0%	$98K+108.5%	$47K-70.6%	$160K+1877.8%	-$9K-116.4%	$55K-83.2%	$328K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$0	$0	$0
SG&A Expenses	N/A	$587K+133.9%	$251K-65.6%	$729K-1.4%	$739K+38.4%	$534K-72.9%	$2.0M+243.0%	$575K
Operating Income	$79K+114.7%	-$539K-252.3%	-$153K+77.6%	-$682K-17.8%	-$579K-6.8%	-$542K+72.8%	-$2.0M-561.8%	-$301K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$3K	$0-100.0%	$1K+200.0%	-$1K-200.0%	$1K-99.8%	$403K	$0+100.0%	-$1K
Net Income	$126K+125.5%	-$494K-357.4%	-$108K+83.0%	-$637K-20.0%	-$531K+32.0%	-$781K+59.2%	-$1.9M-786.1%	-$216K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CNET Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$9.7M-0.1%	$9.7M-13.8%	$11.2M-42.9%	$19.7M-39.8%	$32.6M+57.9%	$20.7M
Current Assets	$7.6M-17.6%	$9.2M+2.4%	$9.0M-27.2%	$12.3M-38.2%	$19.9M+54.6%	$12.9M
Cash & Equivalents	$970K+19.5%	$812K-0.6%	$817K-81.4%	$4.4M-38.8%	$7.2M+66.9%	$4.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$545K-66.2%	$1.6M+91.2%	$844K-51.6%	$1.7M-49.3%	$3.4M+42.9%	$2.4M
Goodwill	N/A	N/A	$0	N/A	N/A	N/A
Total Liabilities	$5.3M-11.6%	$6.0M+19.9%	$5.0M-32.4%	$7.4M-32.3%	$10.9M+32.7%	$8.2M
Current Liabilities	$5.1M-13.2%	$5.8M+20.4%	$4.9M-14.8%	$5.7M-35.4%	$8.8M+10.0%	$8.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.3M+18.7%	$3.7M-41.5%	$6.3M-49.1%	$12.3M-43.5%	$21.8M+73.5%	$12.5M
Retained Earnings	-$65.2M-2.8%	-$63.5M-6.3%	-$59.7M-11.5%	-$53.5M-22.4%	-$43.7M-6.7%	-$41.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$9.5M-2.2%	$9.7M+0.3%	$9.7M+4.4%	$9.2M-3.1%	$9.5M-1.5%	$9.7M-12.0%	$11.0M+1.5%	$10.8M
Current Assets	$7.4M-1.8%	$7.6M-10.8%	$8.5M+6.1%	$8.0M-2.9%	$8.2M-10.3%	$9.2M-6.9%	$9.9M+5.2%	$9.4M
Cash & Equivalents	$720K-25.8%	$970K-44.9%	$1.8M+3.2%	$1.7M+111.4%	$807K-0.6%	$812K-27.7%	$1.1M+120.2%	$510K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$181K-66.8%	$545K-50.5%	$1.1M+495.7%	$185K-91.3%	$2.1M+31.2%	$1.6M+9.2%	$1.5M+25.5%	$1.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$78K
Total Liabilities	$5.1M-3.5%	$5.3M-15.5%	$6.2M+10.0%	$5.7M-10.9%	$6.4M+6.7%	$6.0M-2.3%	$6.1M+10.0%	$5.5M
Current Liabilities	$4.9M-3.5%	$5.1M-15.7%	$6.0M+10.8%	$5.4M-11.1%	$6.1M+4.4%	$5.8M-2.3%	$6.0M+10.3%	$5.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.3M-0.7%	$4.3M+29.8%	$3.3M-4.7%	$3.5M+12.9%	$3.1M-15.0%	$3.7M-24.4%	$4.8M-7.6%	$5.2M
Retained Earnings	-$65.1M+0.2%	-$65.2M-0.8%	-$64.7M-0.2%	-$64.6M-1.0%	-$64.0M-0.8%	-$63.5M-1.2%	-$62.7M-3.2%	-$60.8M

CNET Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$929K+54.9%	-$2.1M-2.3%	-$2.0M+36.9%	-$3.2M+63.9%	-$8.8M-2811.0%	$326K
Capital Expenditures	$65K+2066.7%	$3K-96.3%	$81K	$0-100.0%	$334K	$0
Free Cash Flow	-$994K+51.8%	-$2.1M+1.5%	-$2.1M+34.4%	-$3.2M+65.2%	-$9.2M-2913.5%	$326K
Investing Cash Flow	-$144K-116.1%	$895K+158.2%	-$1.5M-378.4%	$552K+110.1%	-$5.5M-57.5%	-$3.5M
Financing Cash Flow	$1.2M+7.7%	$1.1M	$0	$0-100.0%	$17.1M+194.3%	$5.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$292K-97.3%	-$148K+69.3%	-$482K-170.4%	$685K+169.6%	-$984K-18.6%	-$830K-319.2%	-$198K+70.8%	-$677K
Capital Expenditures	$0	$0	$0-100.0%	$28K-24.3%	$37K	$0	$0	N/A
Free Cash Flow	-$292K-97.3%	-$148K+69.3%	-$482K-173.4%	$657K+164.3%	-$1.0M-23.0%	-$830K-319.2%	-$198K	N/A
Investing Cash Flow	$51K+108.5%	-$600K	$0+100.0%	-$28K-105.8%	$484K+93.6%	$250K+4266.7%	-$6K-100.9%	$642K
Financing Cash Flow	$0+100.0%	-$45K-108.5%	$528K+111.2%	$250K-50.0%	$500K+85.9%	$269K-66.6%	$806K+1051.4%	$70K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CNET Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	7.6%+4.8pp	2.9%+4.3pp	-1.4%-0.7pp	-0.7%-0.9pp	0.2%-1.4pp	1.7%
Operating Margin	-42.3%-18.0pp	-24.3%-4.7pp	-19.7%+22.7pp	-42.4%-13.7pp	-28.7%-13.9pp	-14.8%
Net Margin	-38.4%-14.0pp	-24.4%-4.8pp	-19.5%+17.8pp	-37.3%-31.5pp	-5.8%+7.8pp	-13.6%
Return on Equity	-40.8%+62.1pp	-102.8%-7.3pp	-95.5%-15.9pp	-79.6%-67.0pp	-12.7%+28.9pp	-41.6%
Return on Assets	-18.3%+20.5pp	-38.8%+14.4pp	-53.2%-3.4pp	-49.8%-41.4pp	-8.4%+16.8pp	-25.2%
Current Ratio	1.49-0.1	1.57-0.3	1.85-0.3	2.16-0.1	2.26+0.7	1.61
Debt-to-Equity	1.21-0.4	1.63+0.8	0.80+0.2	0.60+0.1	0.50-0.2	0.65
FCF Margin	-21.5%-8.2pp	-13.4%-6.5pp	-6.8%+5.3pp	-12.2%+7.2pp	-19.4%-20.2pp	0.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	7.0%+0.2pp	6.9%+1.2pp	5.7%-2.9pp	8.6%-1.1pp	9.7%+10.1pp	-0.4%-2.1pp	1.7%-3.4pp	5.1%
Operating Margin	20.6%+98.0pp	-77.3%-68.4pp	-8.9%+115.5pp	-124.4%-89.4pp	-35.0%-10.9pp	-24.1%+37.4pp	-61.5%-56.8pp	-4.7%
Net Margin	32.9%+103.8pp	-70.9%-64.6pp	-6.3%+110.0pp	-116.2%-84.1pp	-32.1%+2.6pp	-34.7%+24.4pp	-59.1%-55.7pp	-3.4%
Return on Equity	2.9%+14.3pp	-11.4%-8.1pp	-3.2%+14.9pp	-18.1%-1.1pp	-17.1%+4.3pp	-21.4%+18.2pp	-39.6%-35.4pp	-4.1%
Return on Assets	1.3%+6.4pp	-5.1%-4.0pp	-1.1%+5.8pp	-6.9%-1.3pp	-5.6%+2.5pp	-8.1%+9.3pp	-17.4%-15.4pp	-2.0%
Current Ratio	1.52+0.0	1.49+0.1	1.41-0.1	1.47+0.1	1.35-0.2	1.57-0.1	1.65-0.1	1.73
Debt-to-Equity	1.18-0.0	1.21-0.7	1.86+0.2	1.62-0.4	2.05+0.4	1.63+0.4	1.26+0.2	1.06
FCF Margin	-76.2%-55.0pp	-21.2%+6.8pp	-28.1%-148.0pp	119.9%+181.7pp	-61.8%-24.9pp	-36.9%-30.8pp	-6.1%	N/A

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Frequently Asked Questions

What is Zw Data Action Technologs Inc's annual revenue?

Zw Data Action Technologs Inc (CNET) reported $4.6M in total revenue for fiscal year 2025. This represents a -70.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Zw Data Action Technologs Inc's revenue growing?

Zw Data Action Technologs Inc (CNET) revenue declined by 70.1% year-over-year, from $15.4M to $4.6M in fiscal year 2025.

Is Zw Data Action Technologs Inc profitable?

No, Zw Data Action Technologs Inc (CNET) reported a net income of -$1.8M in fiscal year 2025, with a net profit margin of -38.4%.

What is Zw Data Action Technologs Inc's EBITDA?

Zw Data Action Technologs Inc (CNET) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Zw Data Action Technologs Inc's gross margin?

Zw Data Action Technologs Inc (CNET) had a gross margin of 7.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Zw Data Action Technologs Inc's operating margin?

Zw Data Action Technologs Inc (CNET) had an operating margin of -42.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Zw Data Action Technologs Inc's net profit margin?

Zw Data Action Technologs Inc (CNET) had a net profit margin of -38.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Zw Data Action Technologs Inc's return on equity (ROE)?

Zw Data Action Technologs Inc (CNET) has a return on equity of -40.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Zw Data Action Technologs Inc's free cash flow?

Zw Data Action Technologs Inc (CNET) generated -$994K in free cash flow during fiscal year 2025. This represents a 51.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Zw Data Action Technologs Inc's operating cash flow?

Zw Data Action Technologs Inc (CNET) generated -$929K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Zw Data Action Technologs Inc's total assets?

Zw Data Action Technologs Inc (CNET) had $9.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Zw Data Action Technologs Inc's capital expenditures?

Zw Data Action Technologs Inc (CNET) invested $65K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Zw Data Action Technologs Inc have outstanding?

Zw Data Action Technologs Inc (CNET) had 3M shares outstanding as of fiscal year 2025.

What is Zw Data Action Technologs Inc's current ratio?

Zw Data Action Technologs Inc (CNET) had a current ratio of 1.49 as of fiscal year 2025, which is considered adequate.

What is Zw Data Action Technologs Inc's debt-to-equity ratio?

Zw Data Action Technologs Inc (CNET) had a debt-to-equity ratio of 1.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Zw Data Action Technologs Inc's return on assets (ROA)?

Zw Data Action Technologs Inc (CNET) had a return on assets of -18.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Zw Data Action Technologs Inc's cash runway?

Based on fiscal year 2025 data, Zw Data Action Technologs Inc (CNET) had $970K in cash against an annual operating cash burn of $929K. This gives an estimated cash runway of approximately 13 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Zw Data Action Technologs Inc's Piotroski F-Score?

Zw Data Action Technologs Inc (CNET) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Zw Data Action Technologs Inc's earnings high quality?

Zw Data Action Technologs Inc (CNET) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Zw Data Action Technologs Inc?

Zw Data Action Technologs Inc (CNET) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.