Here are the 10-Q quarterly reports from ZW Data Action Technologies Inc. (CNET) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CNET and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CNET filings page.
ZW Data Action Technologies Inc. reported sharply lower revenue of $1.04M for the six months ended June 30, 2026, down from $2.20M a year earlier, mainly from reduced blockchain-based SaaS and internet advertising activity. Despite this, net loss narrowed to $0.22M from $1.17M as operating expenses declined substantially.
Gross profit was modest at $0.07M and operating cash flow was negative $0.40M. Cash and cash equivalents fell to $0.61M, with working capital of $2.40M and total assets of $9.75M. Management disclosed that recurring losses, limited liquidity, and execution risk on its expansion and investment plans raise substantial doubt about the company’s ability to continue as a going concern within one year.
The company continues to operate through PRC subsidiaries and consolidated VIEs, with significant customer and supplier concentration and restrictive PRC capital and dividend rules. It is pursuing AI, IP services, blockchain and renewable energy–related investments to support future growth and liquidity.
ZW Data Action Technologies Inc. reported first-quarter 2026 revenue of $0.38 million, sharply lower than $1.65 million a year earlier as demand for its advertising and marketing services softened. Despite this, the company posted net income of $0.13 million, compared with a prior net loss of $0.53 million, mainly because it reversed earlier credit loss allowances.
Operating cash flow remained negative at -$0.29 million, and cash and cash equivalents were $0.72 million with working capital of about $2.52 million. Management highlights an ongoing shift toward AI services, IP licensing and blockchain-based SaaS, but also states that recurring losses, limited liquidity and reliance on new financing raise substantial doubt about the company’s ability to continue as a going concern. The filing also reiterates regulatory risks tied to PCAOB access and the Holding Foreign Companies Accountable Act.