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ZW Data Action Technologies Inc.

CNET Clue Score21
United States Fiscal year ends December CIK 0001376321
$1.47 +0.68% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.47 +24.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue34.8Operating income−6.1Net income−6.5Fiscal year 2017Revenue46.6 +34.2%Operating income−9.4Net income−10.1Fiscal year 2018Revenue57.1 +22.5%Operating income−14.5Net income−14.0Fiscal year 2019Revenue58.1 +1.6%Operating income−1.7Net income−1.3Fiscal year 2020Revenue38.4 −33.9%Operating income−5.7Net income−5.2Fiscal year 2021Revenue47.3 +23.2%Operating income−13.6Net income−2.8Fiscal year 2022Revenue26.2 −44.6%Operating income−11.1Net income−9.8Fiscal year 2023Revenue30.6 +16.6%Operating income−6.0Net income−6.0Fiscal year 2024Revenue15.4 −49.5%Operating income−3.8Net income−3.8Fiscal year 2025Revenue4.6 −70.1%Operating income−2.0Net income−1.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 34.8 46.6 57.1 58.1 38.4 47.3 26.2 30.6 15.4 4.6
Growth +34.2% +22.5% +1.6% −33.9% +23.2% −44.6% +16.6% −49.5% −70.1%
Operating income −6.1 −9.4 −14.5 −1.7 −5.7 −13.6 −11.1 −6.0 −3.8 −2.0
Net income −6.5 −10.1 −14.0 −1.3 −5.2 −2.8 −9.8 −6.0 −3.8 −1.8
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin22.3%Operating margin−17.7%Net margin−18.7%Free cash flow margin−2.0%Fiscal year 2017Gross margin9.9%Operating margin−20.2%Net margin−21.7%Free cash flow margin−2.8%Fiscal year 2018Gross margin4.2%Operating margin−25.4%Net margin−24.5%Free cash flow margin−9.4%Fiscal year 2019Gross margin9.5%Operating margin−2.9%Net margin−2.2%Fiscal year 2020Gross margin1.6%Operating margin−14.8%Net margin−13.6%Free cash flow margin0.8%Fiscal year 2021Gross margin0.2%Operating margin−28.7%Net margin−5.8%Free cash flow margin−19.4%Fiscal year 2022Gross margin−0.7%Operating margin−42.4%Net margin−37.3%Free cash flow margin−12.2%Fiscal year 2023Gross margin−1.4%Operating margin−19.7%Net margin−19.5%Free cash flow margin−6.8%Fiscal year 2024Gross margin2.9%Operating margin−24.3%Net margin−24.4%Free cash flow margin−13.3%Fiscal year 2025Gross margin7.7%Operating margin−42.3%Net margin−38.4%Free cash flow margin−21.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.3% 9.9% 4.2% 9.5% 1.6% 0.2% −0.7% −1.4% 2.9% 7.7%
Operating margin −17.7% −20.2% −25.4% −2.9% −14.8% −28.7% −42.4% −19.7% −24.3% −42.3%
Net margin −18.7% −21.7% −24.5% −2.2% −13.6% −5.8% −37.3% −19.5% −24.4% −38.4%
Free cash flow margin −2.0% −2.8% −9.4% n/a 0.8% −19.4% −12.2% −6.8% −13.3% −21.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.6Capital expenditure−0.1Free cash flow−0.7Fiscal year 2017Operating cash flow−1.3Capital expenditure−0.0Free cash flow−1.3Fiscal year 2018Operating cash flow−5.4Capital expenditure−0.0Free cash flow−5.4Fiscal year 2019Operating cash flow−4.3Fiscal year 2020Operating cash flow0.3Capital expenditure0.0Free cash flow0.3Fiscal year 2021Operating cash flow−8.8Capital expenditure−0.3Free cash flow−9.2 −2,913.5%Fiscal year 2022Operating cash flow−3.2Capital expenditure0.0Free cash flow−3.2Fiscal year 2023Operating cash flow−2.0Capital expenditure−0.1Free cash flow−2.1Fiscal year 2024Operating cash flow−2.1Capital expenditure−0.0Free cash flow−2.1Fiscal year 2025Operating cash flow−0.9Capital expenditure−0.1Free cash flow−1.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.6 −1.3 −5.4 −4.3 0.3 −8.8 −3.2 −2.0 −2.1 −0.9
Capital expenditure −0.1 −0.0 −0.0 n/a 0.0 −0.3 0.0 −0.1 −0.0 −0.1
Free cash flow −0.7 −1.3 −5.4 n/a 0.3 −9.2 −3.2 −2.1 −2.1 −1.0
Growth −2,913.5%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash3.0Shareholders’ equity22.2Fiscal year 2017Cash3.0Shareholders’ equity15.3Fiscal year 2018Cash3.7Shareholders’ equity7.8Fiscal year 2019Cash1.6Shareholders’ equity11.5Fiscal year 2020Cash4.3Shareholders’ equity12.5Fiscal year 2021Cash7.2Shareholders’ equity21.8Fiscal year 2022Cash4.4Shareholders’ equity12.3Fiscal year 2023Cash0.8Shareholders’ equity6.3Fiscal year 2024Cash0.8Shareholders’ equity3.7Fiscal year 2025Cash1.0Shareholders’ equity4.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.0 3.0 3.7 1.6 4.3 7.2 4.4 0.8 0.8 1.0
Shareholders’ equity 22.2 15.3 7.8 11.5 12.5 21.8 12.3 6.3 3.7 4.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
34.8 46.6 57.1 58.1 38.4 47.3 26.2 30.6 15.4 4.6
Growth +34.2% +22.5% +1.6% −33.9% +23.2% −44.6% +16.6% −49.5% −70.1%
n/a 42.0 54.7 52.6 37.8 47.2 26.4 31.0 15.0 4.3
7.8 4.6 2.4 5.5 0.6 0.1 −0.2 −0.4 0.4 0.4
Growth −40.5% −47.6% +127.4% −88.5% −84.5% −298.0% −20.9%
2.0 1.3 0.9 0.9 0.5 0.3 0.2 0.0 0.0 0.0
7.7 7.5 5.5 5.8 5.4 12.6 8.3 4.1 4.0 2.3
−6.1 −9.4 −14.5 −1.7 −5.7 −13.6 −11.1 −6.0 −3.8 −2.0
Growth
−6.2 −9.8 −13.4 −1.2 −5.1 −2.5 −9.8 −6.0 −3.4 −1.8
0.1 0.3 0.8 0.0 0.1 0.2 −0.0 −0.0 0.4 0.0
−6.5 −10.1 −14.0 −1.3 −5.2 −2.8 −9.8 −6.0 −3.8 −1.8
Growth
Per share
n/a n/a n/a n/a n/a −0.42 −1.37 −3.11 −1.86 −0.67
11.4 12.1 n/a n/a n/a 6.6 7.1 1.9 2.0 2.7

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 34.5% a year over five years.
  • Operating margin is down 27.5 points on five years ago, at -42.3%.
  • A net loss in 10 of 10 years on file.