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ZW Data Action Technologies Inc. (CNET) stock

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NASDAQ: CNET Nasdaq Interactive Media & Services

D Fundamentals grade

ZW Data Action Technologies Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.3

Price-to-sales vs peers

Base case. Range ~$0.3–$2.6. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

ZW Data Action Technologies Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 4 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter ZW Data Action Technologies files

Where ZW Data Action Technologies stands after its latest 10-Q

ZW Data Action Technologies has little or no product revenue yet; it used $1m of cash in the twelve months to June 2026. That puts it 36 of 36 for growth among the interactive media & services companies we cover. The diluted share count is up 43.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our price-to-sales vs peers value is $0.44 a share, against a share price of $0.86.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

ZW Data Action Technologies Inc.'s trailing-twelve-month revenue fell 55.1% year on year, with a free-cash-flow margin of -29.9%. Where it stands out: change in growth rate of +20.2pp ranks 5 of 63 interactive media & services companies we cover. Where it lags: gross margin of 6.4% ranks 54 of 54 interactive media & services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 26.0% while net income grew 78.6%: a 53pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 20.5 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 55.1% over the last 12 months.
  • Loss-making. Operating margin is -28.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -29.9% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 43.3% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 137% and a beta of 0.7 against the S&P 500.
  • Below peers: gross margin. Gross margin of 6.4% ranks 54 of 54 interactive media & services companies we cover (median 60.9%).

Latest results: FY2026 Q2

Filed August 14, 2026
Earnings per share
$3.00 against an average estimate of $8.50: missed by 64.7%
Revenue
$1m, up 19.0% on a year earlier

ZW Data Action Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+11.6%
  • 1 week-7.7%
  • 1 month-40.0%
  • This year-29.4%
  • 1 year-51.0%
  • 5 years-96.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.4M
Operating margin
-28.8%
Net margin
-23.9%
EPS (TTM, diluted)
$-0.26

Growth

Revenue growth
−55.1%
Change in growth rate
+20.2 pts
Share count change
+43.3%

Cash

Free cash flow (TTM)
-$1M
FCF margin
-29.9%
Stock pay % of revenue
8.7%

Earnings

Last results
June 28, 2024

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Governance
  4. Shareholder vote

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

ZW Data Action Technologies Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value ZW Data Action Technologies Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.3 ~$0.5–$2.6 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.3 ~$0.3–$2.6 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare ZW Data Action Technologies Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$207.50$100.00$109.00$26.80$23.40$27.00$20.00$9.20$3.32$1.80$1.36$0.96
Market value$111m$57m$66m$21m$20m$29m$33m$16m$6m$4m$4m$3m
+ Net debt (− = net cash)−$6m−$3m−$3m−$4m−$2m−$4m−$7m−$4m−$817000−$812000−$970000−$611000
Enterprise value$106m$54m$63m$18m$18m$25m$26m$12m$6m$3m$3m$2m
Multiples
Price / sales 3.4x1.6x1.4x0.4x0.3x0.8x0.7x0.6x0.2x0.2x0.8x0.9x
Price / earnings ————————————
Price / free cash flow 20.7x————89.5x——————
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

23 /100

Weak moat

How hard ZW Data Action Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -28.5% of total assets over 10 years.

  • Pricing power 4 / 20

    Gross margin has been a median 3.3%, moving by 5.8 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -23.4%; its worst year was -49.4%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 4 of 8 years, at a median 1.2% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 228.7% over five years; stock-based pay has been a median 3.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (28 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for ZW Data Action Technologies Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2011 $8.50 $3.00 −64.7%
Jun 2011 $9.00 $7.50 −16.7%
Mar 2011 $7.00 $6.00 −14.3%
Dec 2010 $10.00 $11.50 +15.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
0.7%
of tradable shares
Days to cover
0.02
at average volume
Short interest, 1 month
−51%
to October 15, 2026
Held by institutions
1%
of shares
Held by insiders
17.5%
of shares
Employees
13
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −51.0%

$1.96 on October 31, 2025 to $0.96

ThenNowEffect
Revenue (last 12 months) $8m $3m −55.1%
P/S multiple 0.6x 0.9x +56.5%
Share count 2m 3m −30.2%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CNET−26%−54%−64%−46%−24%−29%
Industry peers (median)−26%−54%−2%−19%−7%−22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CNET33%33%25%42%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CNET−84%−73%−75%−65%−54%−60%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 100% from November 10, 2015 to May 19, 2026. Getting back needed a 38362% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.65 – $2.17
From 52-week high
−55.8%
vs 50-day average
−29.2%
vs 200-day average
−7.2%
Volatility (1 year)
137%
Beta vs S&P 500
0.65

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±6.5%
After a week
2 up, 10 down
typical move ±9.4%
After a month
4 up, 8 down
typical move ±16.4%
Results releasedNext dayS&P 500 next day5 days21 days
June 28, 2024 +1.3% −0.2% −1.3% +2.6%
November 20, 2023 −3.2% +0.6% −1.1% +6.5%
August 21, 2023 −1.8% +0.4% −5.3% −17.7%
May 22, 2023 −0.7% −1.1% −9.1% −10.5%
April 17, 2023 −9.6% +0.4% −11.3% −19.8%
November 18, 2022 −5.2% +0.1% −11.7% −32.5%
August 19, 2022 −26.0% −3.4% −31.7% −6.7%
May 17, 2022 +3.2% −2.1% +6.5% +9.7%
April 15, 2022 +3.3% 0.0% −3.3% −48.3%
November 16, 2021 −4.3% +0.2% −12.8% −20.6%
August 17, 2021 −5.3% −1.7% −6.0% −11.3%
May 20, 2021 +14.6% +1.0% +12.7% +10.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

ZW Data Action Technologies Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) ZW Data Action Technologies Inc.
$0 $10M $20M $30M $40M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $29.7M Revenue (TTM), FY23 Q4: $30.6M Revenue (TTM), FY24 Q1: $27.8M Revenue (TTM), FY24 Q2: $24.4M Revenue (TTM), FY24 Q3: $18.5M Revenue (TTM), FY24 Q4: $15.4M Revenue (TTM), FY25 Q1: $13.6M Revenue (TTM), FY25 Q2: $7.7M Revenue (TTM), FY25 Q3: $6.2M Revenue (TTM), FY25 Q4: $4.6M Revenue (TTM), FY26 Q1: $3.3M Revenue (TTM), FY26 Q2: $3.4M $3.4M

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $29.7M
FY23 Q4 $30.6M
FY24 Q1 $27.8M
FY24 Q2 $24.4M
FY24 Q3 $18.5M
FY24 Q4 $15.4M
FY25 Q1 $13.6M
FY25 Q2 $7.7M
FY25 Q3 $6.2M
FY25 Q4 $4.6M
FY26 Q1 $3.3M
FY26 Q2 $3.4M
Revenue growth, TTM YoY ZW Data Action Technologies Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -13.3% Revenue growth, TTM YoY, FY23 Q4: 16.6% Revenue growth, TTM YoY, FY24 Q1: 11.7% Revenue growth, TTM YoY, FY24 Q2: -12.1% Revenue growth, TTM YoY, FY24 Q3: -37.9% Revenue growth, TTM YoY, FY24 Q4: -49.5% Revenue growth, TTM YoY, FY25 Q1: -51.2% Revenue growth, TTM YoY, FY25 Q2: -68.5% Revenue growth, TTM YoY, FY25 Q3: -66.6% Revenue growth, TTM YoY, FY25 Q4: -70.1% Revenue growth, TTM YoY, FY26 Q1: -75.3% Revenue growth, TTM YoY, FY26 Q2: -55.1% -55.1%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -13.3%
FY23 Q4 16.6%
FY24 Q1 11.7%
FY24 Q2 -12.1%
FY24 Q3 -37.9%
FY24 Q4 -49.5%
FY25 Q1 -51.2%
FY25 Q2 -68.5%
FY25 Q3 -66.6%
FY25 Q4 -70.1%
FY26 Q1 -75.3%
FY26 Q2 -55.1%
Operating margin (TTM) ZW Data Action Technologies Inc.
-60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -31.2% Operating margin (TTM), FY23 Q4: -19.7% Operating margin (TTM), FY24 Q1: -20.2% Operating margin (TTM), FY24 Q2: -18.8% Operating margin (TTM), FY24 Q3: -26.9% Operating margin (TTM), FY24 Q4: -24.3% Operating margin (TTM), FY25 Q1: -25.2% Operating margin (TTM), FY25 Q2: -49.4% Operating margin (TTM), FY25 Q3: -31.7% Operating margin (TTM), FY25 Q4: -42.3% Operating margin (TTM), FY26 Q1: -38.7% Operating margin (TTM), FY26 Q2: -28.8% -28.8%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -31.2%
FY23 Q4 -19.7%
FY24 Q1 -20.2%
FY24 Q2 -18.8%
FY24 Q3 -26.9%
FY24 Q4 -24.3%
FY25 Q1 -25.2%
FY25 Q2 -49.4%
FY25 Q3 -31.7%
FY25 Q4 -42.3%
FY26 Q1 -38.7%
FY26 Q2 -28.8%
FCF margin (TTM) ZW Data Action Technologies Inc.
-40% -20% 0% 20% 40% FY16 Q1 FY16 Q4 FY18 Q4 FY26 Q2 FCF margin (TTM), FY16 Q1: 26.8% FCF margin (TTM), FY16 Q2: 15.3% FCF margin (TTM), FY16 Q3: 7.1% FCF margin (TTM), FY16 Q4: -2.0% FCF margin (TTM), FY18 Q2: -7.3% FCF margin (TTM), FY18 Q3: -3.8% FCF margin (TTM), FY18 Q4: -9.4% FCF margin (TTM), FY25 Q2: -18.1% FCF margin (TTM), FY25 Q3: -27.2% FCF margin (TTM), FY25 Q4: -21.5% FCF margin (TTM), FY26 Q1: -7.9% FCF margin (TTM), FY26 Q2: -29.9% -29.9%

Source: SEC EDGAR filings. Retrieved October 31, 2026.

View chart data
Period FCF margin (TTM)
FY16 Q1 26.8%
FY16 Q2 15.3%
FY16 Q3 7.1%
FY16 Q4 -2.0%
FY18 Q2 -7.3%
FY18 Q3 -3.8%
FY18 Q4 -9.4%
FY25 Q2 -18.1%
FY25 Q3 -27.2%
FY25 Q4 -21.5%
FY26 Q1 -7.9%
FY26 Q2 -29.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 40 28 46 30 38 32 35 47 57 58 38 47 26 31 15 5 3
Gross profit 23 17 15 14 6 8 8 5 2 5 1 0 −0 −0 0 0 0
EBITDA 15 4 6 2 −12 −8 −5 −8 −14 −2 −5 −13 −9 −5 −3 −2 −1
Operating income 15 3 5 1 −13 −9 −6 −9 −15 −2 −6 −14 −11 −6 −4 −2 −1
Net income 17 3 3 −0 −14 −9 −6 −10 −14 −1 −5 −3 −10 −6 −4 −2 −1
Diluted EPS $39.50 $0.14 $0.14 −$0.01 −$0.61 — — −$0.84 −$0.88 −$0.07 −$0.24 −$0.08 — — — — −$0.26
Growth (year on year)
Revenue — −30.5% +65.1% −35.5% +25.7% −14.2% +7.7% +34.2% +22.5% +1.6% −33.9% +23.2% −44.6% +16.6% −49.5% −70.1% −55.1%
EBITDA — −72.7% +47.3% −63.7% −618.2% — — — — — — — — — — — —
Operating income — −78.7% +42.6% −86.4% <−999% — — — — — — — — — — — —
Net income — −81.9% +0.0% −107.8% — — — — — — — — — — — — —
Diluted EPS — −99.6% 0.0% −107.1% — — — — — — — — — — — — —
Margins
Gross margin 56.0% 59.4% 32.4% 45.9% 16.7% 23.6% 22.3% 9.9% 4.2% 9.5% 1.6% 0.2% −0.7% −1.4% 2.9% 7.7% 6.4%
EBITDA margin 37.9% 14.9% 13.2% 7.4% −30.7% −23.4% −13.2% −17.1% −24.4% −2.6% −12.6% −27.4% −33.9% −15.4% −18.3% −37.3% −24.3%
Operating margin 36.7% 11.3% 9.7% 2.0% −34.5% −28.9% −17.7% −20.2% −25.4% −2.9% −14.8% −28.7% −42.4% −19.7% −24.3% −42.3% −28.8%
Net margin 41.0% 10.7% 6.5% −0.8% −36.5% −28.2% −18.7% −21.7% −24.5% −2.2% −13.6% −5.8% −37.3% −19.5% −24.4% −38.4% −23.9%
Free-cash-flow margin 26.2% −4.8% 10.2% 8.9% 4.5% 16.7% −2.0% −2.8% −9.4% — 0.8% −19.4% −12.2% −6.8% −13.3% −21.5% −29.9%
Cash flow
Cash from operations 12 −1 5 3 2 6 −1 −1 −5 −4 0 −9 −3 −2 −2 −1 −1
Capital spending 1 1 0 0 0 0 0 0 0 — 0 0 0 0 0 0 0
Free cash flow 11 −1 5 3 2 5 −1 −1 −5 — 0 −9 −3 −2 −2 −1 −1
Stock-based pay 0 3 0 0 5 2 2 2 0 0 2 7 0 0 1 0 0
Free cash flow after stock pay 10 −4 5 3 −3 3 −3 −4 −6 — −2 −16 −3 −2 −3 −1 −1
Balance sheet
Cash 16 11 5 3 5 6 3 3 4 2 4 7 4 1 1 1 1
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −16 −11 −5 −3 −5 −6 −3 −3 −4 −2 −4 −7 −4 −1 −1 −1 −1
Diluted shares — — — — — — — — — — 1m 2m 2m 2m 2m 3m 3m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $10m
Short-term assets $8mLonger-term assets $2m
What it owes, and who funded it · $10m
Short-term liabilities $5mLonger-term liabilities $0mShareholders' equity $4m
  • Short-term assets cover short-term liabilities $8m of assets due within a year against $5m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8m short-term assets against $188,000 of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From ZW Data Action Technologies Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+43.3%
year over year
Days sales outstanding
60 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated CNET DJT VS IPDN JF SLE Median
Revenue, last 12 months $3m $5m $2m $6m $2m $12m $615m
Revenue growth, last 12 months −55.1% 21.6% >999% −5.1% −66.8% −14.3% 2.4%
Revenue growth, 3-year average −50.1% — — −8.0% — −16.5% 5.0%
Revenue growth, latest quarter 19.0% 89.0% −91.3% −28.0% — 0.3% 2.4%
Gross margin 6.4% 23.9% 69.3% 37.9% 71.5% 37.9% 60.4%
Operating margin −28.8% <−999% −98.5% −144.3% −83.9% −121.0% 0.3%
Operating margin, 3-year average −32.3% <−999% <−999% −74.9% — −111.6% −0.4%
Net margin −23.9% <−999% −78.4% −143.9% −82.9% −190.3% 3.8%
Cash from operations / revenue −29.9% 188.4% −40.1% −36.9% 9.1% −98.0% 11.4%
Free-cash-flow margin −29.9% 187.8% — −36.9% −2.8% −98.0% 7.5%
Free-cash-flow margin, 3-year average −16.7% −648.8% — −38.6% — −70.1% 7.2%
Stock pay / revenue 8.7% 962.7% 3.7% 59.3% 0.9% 31.1% 3.7%
Change in share count 43.3% 26.0% 28.1% 20.8% 4.9% 40.7% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth -55.1% 2.4% 62 of 63
Change in growth rate Growth +20.2pp -0.2pp 5 of 63
Gross margin Profitability 6.4% 60.9% 54 of 54
Operating margin Profitability -28.8% 0.3% 51 of 63
Net margin Profitability -23.9% 3.8% 49 of 63
Free-cash-flow margin Cash generation -29.9% 8.9% 55 of 59
Stock pay as % of revenue Cash generation 8.7% 3.9% 45 of 61
Change in share count Balance sheet 43.3% 1.7% 51 of 55
Days sales outstanding Balance sheet 60 days 49 days 36 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Internet Ad $3.7M 81.0% ▼ 74.6%
Blockchain Technology $616,000 13.4% ▼ 17.9%
IP Services $260,000 5.6% —
Products and services
Line of business Revenue Share YoY
Online Advertising Placement $3.7M 79.9% ▼ 22.8%
Blockchainbased Saas Services $616,000 13.4% ▼ 17.9%
IP Services $260,000 5.6% —
Search Engine Marketing and Data Service $50,000 1.1% ▼ 99.5%

From ZW Data Action Technologies Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$30,643
Institutions reporting
5
Shares held vs prior quarter
▼ 14.4%
Positions opened / closed
1 / 2

Top buyers and sellers, Q2 2026: 1 institutions bought and 4 sold ; the biggest buyer was Citadel Advisors LLC (+13K shares) and the biggest seller Virtu Financial LLC (−15K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Citadel Advisors LLC $15,752 13K 51.4% New
Susquehanna International Group, LLP $14,757 12K 48.2% ▼ 4.3%
Sbi Securities Co., Ltd. $121 0K 0.4% 0.0%
Osaic Holdings, Inc. $12 0K 0.0% 0.0%
UBS Group AG $1 0K 0.0% ▼ 99.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not ZW Data Action Technologies Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around September 27, 2024 estimated from the company's past filing pattern, not announced

  • June 28, 2024
  • November 20, 2023
  • August 21, 2023
  • May 22, 2023
  • April 17, 2023
  • November 18, 2022

Recent SEC filings

Data status

When each part of this page on ZW Data Action Technologies Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

ZW Data Action Technologies Inc. in brief

What does ZW Data Action Technologies Inc. do?
ZW Data Action Technologies Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is ZW Data Action Technologies Inc.'s stock ticker?
ZW Data Action Technologies Inc. trades under the ticker CNET on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is ZW Data Action Technologies Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, ZW Data Action Technologies Inc. reported revenue of $3.4M, 55.1% lower than a year earlier, according to its SEC filings.
What is ZW Data Action Technologies Inc.'s free cash flow?
ZW Data Action Technologies Inc.'s free-cash-flow margin is -29.9% of revenue over the trailing twelve months, ranking 55 of the 59 interactive media & services companies we cover.
Who are ZW Data Action Technologies Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Citadel Advisors LLC, Susquehanna International Group, LLP and Sbi Securities Co., Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is ZW Data Action Technologies Inc.'s market cap?
On November 2, 2026, ZW Data Action Technologies Inc.'s market capitalisation was about $3.1M and net debt of -$611,000. Market figures come from third-party market data and may be delayed.
Who are ZW Data Action Technologies Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to ZW Data Action Technologies Inc. are Trump Media & Technology Group Corp., Versus Systems Inc., Professional Diversity Network, Inc., J & Friends Holdings Ltd and Super League Enterprise, Inc. The side-by-side comparison below sets their revenue, margins and growth against ZW Data Action Technologies Inc.'s.