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ZW Data Action Technologies Inc. (CNET)

Nasdaq: CNET · Services-Computer Programming, Data Processing, Etc. · filing with the SEC since 2006
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Grade2.0
◀ Past 1.5● Present 2.6▶ Future 1.8
2 est.
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The grade of ZW Data Action Technologies Inc.

Nine metrics read from its own filings, by tense
Headline grade
2.0/10
◀ Past1.525% of the headline
● Present2.635% of the headline
▶ Future1.840% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.0/10

Has it survived what it has been through?

33 warning events since 2017; the latest 2026-03-27.

weight 22% of this tense · 10th percentile among 79 sector filers · read for itself

From the record

ZW Data Action Technologies Inc.'s filings since 2017 show 33 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 8 times, the latest 2026-03-27); an auditor change (8-K item 4.01, 2 times, the latest 2023-07-26); a late-report notice (Form NT 10-K or NT 10-Q, 23 times, the latest 2025-05-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.0/10

What has it actually done, year after year?

-25.1% a year over 9 filed years; profitable in 0 of 9.

weight 45% of this tense · 10th percentile among 70 sector filers · read for its customers

From the record

ZW Data Action Technologies Inc.'s 9 filed years say what it did: revenue went from $47 million in fiscal 2017 to $5 million in fiscal 2025, down 25.1% a year; it rose in 4 of 8 years; the deepest fall was 92% from fiscal 2019 to fiscal 2025; net income was positive in 0 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-25.1%bottom 2% of its family
  • the share of years revenue rosebottom 19% of its family
  • the share of filed years with a profitbottom 14% of its family
  • the deepest fall from a revenue peak92.1%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.5/10

How has it treated the people who own it?

SI estimate 2.5/10, confidence 35 of 100 (one part).

weight 33% of this tense · 25th percentile among 72 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 25% of 72 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 72 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ZW Data Action Technologies Inc.'s shareholder treatment is put at 2.5 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 25% of 72 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.5/10

Is it financially healthy right now?

ROE -40%: lost 40¢ per shareholder dollar. Leverage 55%: owes 55¢ per asset dollar.

weight 45% of this tense · 25th percentile among 74 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ZW Data Action Technologies Inc. lost about 40 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns. Leverage: it owed about 55 cents per dollar of assets, and net share issuance: its share count grew 31.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 43% of its family
  • return on equitybottom 25% of its family
  • gross profit against assetsbottom 15% of its family
  • the share count against the year beforebottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.3/10

How strong is its position in its industry?

bottom 13% of 73 in its family; net margin -38.4%.

weight 33% of this tense · 13th percentile among 73 sector filers · read for its customers

From the record

ZW Data Action Technologies Inc.'s standing among 73 graded names in its industry family: revenue of $5 million in fiscal 2025 ranks in the bottom 11% by size; a net margin of -38.4% ranks in the bottom 25%; revenue growth of -44% a year over the last 3 filed years ranks in the bottom 2% (its annual reports).

What it rests on

  • revenue against the family$4.6Mbottom 11% of its family
  • net margin-38.4%bottom 25% of its family
  • three-year revenue growth-44.0%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 42 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 42 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 42 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ZW Data Action Technologies Inc.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 42 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

1.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.0/10

How much room does it have to grow?

bottom 20% of 71 in its family for room to expand.

weight 22% of this tense · 20th percentile among 71 sector filers · read for itself

From the record

ZW Data Action Technologies Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $970 thousand against no long-term debt tagged leaves 10% of its assets as net cash, top 44% of its family; cash from operations less capital spending is -21.5% of revenue (bottom 17%); a gross margin of 7.7% (bottom 4%); research spending of 0% of revenue (bottom 1%) (its annual report).

What it rests on

  • cash less debt against assets10.0%top 44% of its family
  • cash from operations less capital spending against revenue-21.5%bottom 17% of its family
  • gross margin7.7%bottom 4% of its family
  • research spending against revenue0.0%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.0/10

What could actually drive growth from here?

bottom 10% of 70 in its family for growth drivers.

weight 45% of this tense · 10th percentile among 70 sector filers · read for its customers

From the record

ZW Data Action Technologies Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -44% a year over the last three filed years against -25.1% over all 9, slowing (bottom 19% of its family); the newest year grew -70.1% (bottom 1%) (its annual reports). ZW Data Action Technologies Inc. reported 4 product lines in fiscal 2025: Online Advertising Placement at $4 million (80%), Blockchainbased Saas Services at $616 thousand (13%), IP Services at $260 thousand (6%), and 1 more; 0 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-18.9 points a yearbottom 19% of its family
  • the newest year's revenue growth-70.1%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.6/10

Did its newest year beat what its own record pointed to?

bottom 26% of 65 in its family for expectations against reality.

weight 33% of this tense · 26th percentile among 65 sector filers · read for its shareholders

From the record

ZW Data Action Technologies Inc.'s newest year against its own record: revenue of $5 million in fiscal 2025 came in 61% below the $12 million its prior three years' pace pointed to (bottom 1% of its family); net income of $2 million against a prior three-year average of $7 million (top 39%); a net margin of -38.4% against -27.1% before (bottom 18%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-61.0%bottom 1% of its family
  • net income against the prior three years' average+73%top 39% of its family
  • net margin against its prior average-11.3 pointsbottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CNET · research, not advice