15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 34.5% per year over the past 5 years.
Operating margin has contracted, at -42.3% in the latest year.
Financial health
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$5M
-$2M
7.7%
-42.3%
-40.8%
-18.3%
-$994000
—
$970000
2024
$15M
-$4M
2.9%
-24.3%
-102.8%
-38.8%
-$2M
—
$812000
2023
$31M
-$6M
-1.4%
-19.7%
-95.5%
-53.2%
-$2M
—
$817000
2022
$26M
-$10M
-0.7%
-42.4%
-79.6%
-49.8%
-$3M
—
$4M
2021
$47M
-$3M
0.2%
-28.7%
-12.7%
-8.4%
-$9M
—
$7M
2020
$38M
-$5M
1.6%
-14.8%
-41.6%
-25.2%
$326000
—
$4M
2019
$58M
-$1M
9.5%
-2.9%
-11.0%
-6.8%
—
—
$2M
2018
$57M
-$14M
4.2%
-25.4%
-178.8%
-82.7%
-$5M
—
$4M
2017
$47M
-$10M
9.9%
-20.2%
-66.2%
-35.5%
-$1M
—
$3M
2016
—
-$6M
—
—
-29.2%
-21.6%
-$711000
—
$3M
2015
—
-$9M
—
—
-33.3%
-25.6%
$5M
—
$6M
2014
—
-$14M
—
—
-38.0%
-29.0%
$2M
—
$5M
2013
—
-$234000
—
—
-0.5%
-0.4%
$3M
—
$3M
2012
—
$3M
—
—
6.8%
5.3%
$5M
—
$5M
2011
—
$3M
—
—
7.2%
5.2%
-$1M
—
$11M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$652000
-$350000
7.2%
-58.4%
-8.5%
-3.6%
-$108000
—
$611000
Mar '26
$383000
$126000
7.0%
20.6%
2.9%
1.3%
-$292000
—
$720000
Dec '25
$697000
-$494000
6.9%
-77.3%
-11.4%
-5.1%
-$148000
—
$970000
Sep '25
$2M
-$108000
5.7%
-8.9%
-3.2%
-1.1%
-$482000
—
$2M
Jun '25
$548000
-$637000
8.6%
-124.5%
-18.1%
-6.9%
$657000
—
$2M
Mar '25
$2M
-$531000
9.7%
-35.0%
-17.1%
-5.6%
-$1M
—
$807000
Dec '24
$2M
-$781000
-0.4%
-24.1%
-21.4%
-8.1%
-$830000
—
$812000
Sep '24
$3M
-$2M
1.7%
-61.5%
-39.6%
-17.4%
-$198000
—
$1M
Jun '24
$6M
-$216000
5.1%
-4.7%
-4.1%
-2.0%
—
—
$510000
Mar '24
$4M
-$850000
2.0%
-26.1%
-15.7%
-7.5%
—
—
$467000
Dec '23
$5M
-$2M
-0.1%
-33.4%
-30.5%
-17.0%
-$505000
—
$817000
Sep '23
$9M
-$2M
-0.0%
-17.5%
-18.4%
-10.3%
-$726000
—
$1M
Jun '23
$10M
-$1M
-1.1%
-13.6%
-14.3%
-8.6%
—
—
$2M
Mar '23
$6M
-$1M
-5.0%
-20.8%
-10.5%
-6.4%
—
—
$2M
Dec '22
$4M
-$5M
-4.4%
-113.6%
-36.8%
-23.0%
$1M
—
$4M
Sep '22
$7M
-$3M
-0.7%
-25.4%
-16.9%
-11.4%
-$2M
—
$2M
Jun '22
$7M
-$2M
-1.2%
-39.1%
-8.8%
-6.3%
—
—
$4M
Mar '22
$8M
-$717000
1.8%
-20.3%
-3.4%
-2.4%
—
—
$5M
Dec '21
$12M
-$1M
7.9%
-15.4%
-5.4%
-3.6%
-$2M
—
$7M
Sep '21
$12M
$1M
0.4%
-13.2%
6.0%
3.9%
-$1M
—
$9M
Valuation over time
How the market has priced CNET against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.2× (Mar '23) to 1.0× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is CNET growing its revenue and profit?
Over the past 5 years, ZW Data Action Technologies Inc.'s revenue has declined 34.5% per year. These are computed facts, not advice.
How much debt does CNET have?
As of FY2025, ZW Data Action Technologies Inc. reported — of total debt against $970000 of cash.
What is CNET's profit margin?
In FY2025, gross margin was 7.7%, operating margin -42.3%, and net margin -38.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.