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MARKETS / NASDAQ / CNET
NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · SMALL CAP

ZW Data Action Technologies Inc. CNET

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.6M
▼ 70.1% YoY
$-1.8M
$-994,000
In brief

What this company does

We are a holding company that conducts our businesses through our subsidiaries outside of mainland China, PRC subsidiaries and operating entities (the “VIEs”). We primarily operate a one-stop services for our clients on our Omni-channel advertising, precision marketing, influencer marketing and data analysis management system. We also develop blockchain enabled web/mobile applications and provide software solutions, i.e., Software-as-a-Service (“SaaS”) services for clients. We generated total revenues of US$4.61 million for the year ended December 31, 2025, compared with US$15.44 million in 2024. During fiscal 2025, we have strategically repositioned our core business, i.e., our Internet advertising and related marketing service business to have a renewed focus on markets outside of mainland China; as such, the Company’s operations are now primarily conducted outside mainland China. With over 17 years of experience serving China’s SME sector, the Company has developed deep operational insight into how businesses acquire customers, generate revenue, and scale across markets.

Written from the business description in ZW Data Action Technologies Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 4.6M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.6 · Net income -1.8
20M40M-5M-10M201020122014201620182020202220242025
Compound annual growth
−44.0%
−34.5%
−17.7%
−13.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −34.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−38 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -42.3% · Net -38.4%
10%20%30%-20%-40%201020122014201620182020202220242025
ROE
FY2025 · ROE -44.2%
20%40%-50%-100%201020122014201620182020202220242025

Each USD of equity lost 44 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -1.0
4M8M-4M-8M201020122014201620182020202220242025

Total assetsUSD 9.7M
EquityUSD 4.3M
CashUSD 970,000.00
Current ratio1.49×

Equity funds 45% of total assets.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.10.10.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.00.0
Income tax $B0.00.0−0.0−0.00.00.00.00.00.00.0−0.0−0.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.00.00.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.00.0·−0.0−0.0−0.00.00.00.00.0−0.00.0
EPS, diluted $····−0.08−0.24−0.07−0.88−0.84··−0.61−0.010.140.140.79
Dividend / sh $················
Payout %················
ROE %−44.2−75.9−64.4−57.5−16.1−43.4−13.1−121.3−54.0−26.2−28.6−33.8−0.57.07.746.4
Shares out B0.000.000.000.010.010.030.020.020.010.010.010.030.020.020.020.02

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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