# ZW Data Action Technologies Inc.: overview

CNET · Nasdaq · CIK 1376321 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/cnet.md) · [Financials](/companies/cnet/financials.md) · [Filings](/companies/cnet/filings.md) · [Insiders](/companies/cnet/insiders.md)

Latest reported revenue: [$652.0k](/filings/0001171843-26-005526.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001171843-26-005526).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [3,239](/filings/0001171843-25-007330.md) | [2,249 d](/filings/0001171843-26-002058.md) | [1,652](/filings/0001171843-26-003454.md) | [548](/filings/0001171843-26-005526.md) | [1,717](/filings/0001171843-25-007330.md) | [697 d](/filings/0001171843-26-002058.md) | [383](/filings/0001171843-26-003454.md) | [652](/filings/0001171843-26-005526.md) |
| Gross margin | % | [1.7%](/filings/0001171843-25-007330.md) | [(0.4%) d](/filings/0001171843-26-002058.md) | [9.7%](/filings/0001171843-26-003454.md) | [8.6%](/filings/0001171843-26-005526.md) | [5.7%](/filings/0001171843-25-007330.md) | [6.9% d](/filings/0001171843-26-002058.md) | [7.0%](/filings/0001171843-26-003454.md) | [7.2%](/filings/0001171843-26-005526.md) |
| Operating margin | % | [(61.5%)](/filings/0001171843-25-007330.md) | [(24.1%) d](/filings/0001171843-26-002058.md) | [(35.0%)](/filings/0001171843-26-003454.md) | [(124.5%)](/filings/0001171843-26-005526.md) | [(8.9%)](/filings/0001171843-25-007330.md) | [(77.3%) d](/filings/0001171843-26-002058.md) | [20.6%](/filings/0001171843-26-003454.md) | [(58.4%)](/filings/0001171843-26-005526.md) |
| Net margin | % | [(59.1%)](/filings/0001171843-25-007330.md) | [(34.7%) d](/filings/0001171843-26-002058.md) | [(32.1%)](/filings/0001171843-26-003454.md) | [(116.2%)](/filings/0001171843-26-005526.md) | [(6.3%)](/filings/0001171843-25-007330.md) | [(70.9%) d](/filings/0001171843-26-002058.md) | [32.9%](/filings/0001171843-26-003454.md) | [(53.7%)](/filings/0001171843-26-005526.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $k | [(198) d](/filings/0001171843-25-007330.md) | [(830) d](/filings/0001171843-26-002058.md) | [(1,021)](/filings/0001171843-26-003454.md) | [657 d](/filings/0001171843-26-005526.md) | [(482) d](/filings/0001171843-25-007330.md) | [(148) d](/filings/0001171843-26-002058.md) | [(292)](/filings/0001171843-26-003454.md) | [(108) d](/filings/0001171843-26-005526.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [47.3](/filings/0001171843-23-002333.md) | [26.2](/filings/0001171843-24-003699.md) | [30.6](/filings/0001171843-25-002214.md) | [15.4](/filings/0001171843-26-002058.md) | [4.6](/filings/0001171843-26-002058.md) |
| Gross margin | % | [0.2%](/filings/0001171843-23-002333.md) | [(0.7%)](/filings/0001171843-24-003699.md) | [(1.4%)](/filings/0001171843-25-002214.md) | [2.9%](/filings/0001171843-26-002058.md) | [7.7%](/filings/0001171843-26-002058.md) |
| Operating margin | % | [(28.7%)](/filings/0001171843-23-002333.md) | [(42.4%)](/filings/0001171843-24-003699.md) | [(19.7%)](/filings/0001171843-25-002214.md) | [(24.3%)](/filings/0001171843-26-002058.md) | [(42.3%)](/filings/0001171843-26-002058.md) |
| Net margin | % | [(5.8%)](/filings/0001171843-23-002333.md) | [(37.3%)](/filings/0001171843-24-003699.md) | [(19.5%)](/filings/0001171843-25-002214.md) | [(24.4%)](/filings/0001171843-26-002058.md) | [(38.4%)](/filings/0001171843-26-002058.md) |
| Diluted EPS | $ per share | [(0.08)](/filings/0001171843-22-002601.md) | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [(9.2)](/filings/0001171843-23-002333.md) | [(3.2)](/filings/0001171843-24-003699.md) | [(2.1)](/filings/0001171843-25-002214.md) | [(2.1)](/filings/0001171843-26-002058.md) | [(1.0)](/filings/0001171843-26-002058.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/cnet/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $15.8k | 12,703 |  | New +12,703 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $14.8k | 11,901 |  | Reduced −534 |
| [SBI Securities Co., Ltd.](/funds/1851815.md) | 2026-06-30 | $121 | 100 |  | Unchanged |
| [OSAIC HOLDINGS, INC.](/funds/1677044.md) | 2026-06-30 | $12 | 10 |  | Unchanged |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $1 | 1 |  | Reduced −1,466 |

## Recent filings

[All 545 filings](/companies/cnet/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-18 | 16:05 ET | [8-K](/filings/0001171843-26-005625.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001171843-26-005625 |
| 2026-08-14 | 07:30 ET | [10-Q](/filings/0001171843-26-005526.md) | Quarterly report, period 2026-06-30 | 0001171843-26-005526 |
| 2026-08-06 | 16:06 ET | [8-K/A](/filings/0001171843-26-005320.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001171843-26-005320 |
| 2026-08-05 | 16:06 ET | [8-K](/filings/0001171843-26-005242.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001171843-26-005242 |
| 2026-07-30 | 16:05 ET | [8-K](/filings/0001171843-26-005082.md) | 5.03 Amendment to articles or bylaws; 9.01 Financial statements and exhibits | 0001171843-26-005082 |
| 2026-07-22 | 16:05 ET | [8-K](/filings/0001171843-26-004831.md) | 5.07 Shareholder vote results | 0001171843-26-004831 |
| 2026-06-30 | 16:05 ET | [8-K](/filings/0001171843-26-004396.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001171843-26-004396 |
| 2026-06-23 | 16:05 ET | [DEF 14A](/filings/0001171843-26-004254.md) | Proxy statement, period 2026-07-22 | 0001171843-26-004254 |
| 2026-05-15 | 07:30 ET | [10-Q](/filings/0001171843-26-003454.md) | Quarterly report, period 2026-03-31 | 0001171843-26-003454 |
| 2026-05-05 | 16:06 ET | [SCHEDULE 13D](/filings/0001171843-26-003025.md) | Ownership report, active investor | 0001171843-26-003025 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001171843-26-002058.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/99394862-93c7-4c98-a006-8cf0056d05d1)

## About the filer

- CIK: 1376321
- Tickers: CNET
- Exchange: Nasdaq
- SIC code: 7370 Services-Computer Programming, Data Processing, Etc.
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:38 ET. No prices; not investment advice.
