CNET Nasdaq Services-Computer Programming, Data Processing, Etc. Financials FY2016βFY2025
ZW Data Action Technologies Inc. had $4.6M of revenue in fiscal 2025, down 70.1% on the year before. Over five years, revenue changed β34.5% a year on average.
Last close Β· Oct 23, 2026
$1.07
2.7%Hi! I read ZW Data Action Technologies Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β70.1%
No. Sales fell 70.1% last year.
Does it make a profit?
β38.4%
No. It lost money last year.
Does profit turn into cash?
β21.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days ZW Data Action Technologies Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 13, 2026
Friday Β· in 19 days
No past results dates on file yet.
KIRA Β· ZW Data Action Technologies Inc. had $4.6M of revenue in fiscal 2025, down 70.1% on the year before. Over five years, revenue changed β34.5% a year on average. Its operating margin was β42.3%, down 18.0Β pts: of every 100 in sales, about β42 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
KIRA Β· ZW Data Action Technologies Inc. lost $1.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$1.0M in fiscal 2025, β21.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably ZW Data Action Technologies Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.2M | $4.4M | $0.8M | $0.8M | $1.0M |
| Current ratio | 2.3x | 2.2x | 1.8x | 1.6x | 1.5x |
| Quick ratio | 2.3x | 2.2x | 1.8x | 1.6x | 1.5x |
| Total assets | $32.6M | $19.7M | $11.2M | $9.7M | $9.7M |
| Total liabilities | $10.9M | $7.4M | $5.0M | $6.0M | $5.3M |
| Shareholders' equity | $21.8M | $12.3M | $6.3M | $3.7M | $4.3M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
KIRA Β· ZW Data Action Technologies Inc. passes 3 of 7 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 8 | 3 / 8 | 3 / 8 | 2 / 8 | 2 / 8 | 1 / 7 | 2 / 7 | 3 / 7 | 3 / 7 |
| Accruals ratio | β19.7% | β30.1% | β37.9% | 17.2% | β28.3% | 22.8% | β25.3% | β25.7% | β16.3% | β8.7% |
| Altman Z'' | 2.01 | β2.42 | β10.15 | β3.47 | β5.17 | β2.83 | β8.72 | β17.20 | β21.07 | β20.78 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $34.8M | $46.6M | $57.1M | $58.1M | $38.4M | $47.3M | $26.2M | $30.6M | $15.4M | $4.6M |
| Gross profit | $7.8M | $4.6M | $2.4M | $5.5M | $0.6M | $0.1M | β$0.2M | β$0.4M | $0.4M | $0.4M |
| Research and development | $2.0M | $1.3M | $0.9M | $0.9M | $0.5M | $0.3M | $0.2M | $0.0M | $0.0M | $0.0M |
| Operating income | β$6.1M | β$9.4M | β$14.5M | β$1.7M | β$5.7M | β$13.6M | β$11.1M | β$6.0M | β$3.8M | β$2.0M |
| Interest expense | $0.0M | $0.1M | $0.0M | $0.0M | β | β | β | β | β | β |
| Pretax income | β$6.2M | β$9.8M | β$13.4M | β$1.2M | β$5.1M | β$2.5M | β$9.8M | β$6.0M | β$3.4M | β$1.8M |
| Income tax | $0.1M | $0.3M | $0.8M | $0.0M | $0.1M | $0.2M | β$0.0M | β$0.0M | $0.4M | $0.0M |
| Net income | β$6.5M | β$10.1M | β$14.0M | β$1.3M | β$5.2M | β$2.8M | β$9.8M | β$6.0M | β$3.8M | β$1.8M |
| Diluted EPS | β | β$0.84 | β$0.88 | β$0.07 | β$0.24 | β$0.08 | β | β | β | β |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.02B | 0.02B | 0.03B | β | β | β | β |
| Cash flow | ||||||||||
| Cash from operations | β$0.6M | β$1.3M | β$5.4M | β$4.3M | $0.3M | β$8.8M | β$3.2M | β$2.0M | β$2.1M | β$0.9M |
| Capital expenditure | $0.1M | $0.0M | $0.0M | β | $0.0M | $0.3M | $0.0M | $0.1M | $0.0M | $0.1M |
| Free cash flow | β$0.7M | β$1.3M | β$5.4M | β | $0.3M | β$9.2M | β$3.2M | β$2.1M | β$2.1M | β$1.0M |
| Depreciation and amortization | $1.6M | $1.4M | $0.5M | $0.2M | $0.9M | $0.6M | $2.2M | $1.3M | $0.9M | $0.2M |
| Stock-based compensation | $2.3M | $2.3M | $0.2M | $0.4M | $2.2M | $7.0M | $0.2M | $0.1M | $0.7M | $0.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $3.0M | $3.0M | $3.7M | $1.6M | $4.3M | $7.2M | $4.4M | $0.8M | $0.8M | $1.0M |
| Current assets | $14.5M | $16.9M | $12.5M | $11.9M | $12.9M | $19.9M | $12.3M | $9.0M | $9.2M | $7.6M |
| Current liabilities | $7.6M | $13.0M | $9.0M | $7.0M | $8.0M | $8.8M | $5.7M | $4.9M | $5.8M | $5.1M |
| Property and equipment, net | $0.5M | $0.3M | $0.1M | $0.1M | $0.1M | $0.4M | $0.2M | $0.2M | $0.1M | $0.1M |
| Goodwill | $5.0M | $5.3M | β | β | β | β | β | $0.0M | β | β |
| Intangible assets | $7.3M | $3.8M | $0.0M | $1.9M | $2.6M | $7.5M | $3.3M | $0.8M | $0.0M | $0.5M |
| Total assets | $30.0M | $28.6M | $17.0M | $18.6M | $20.7M | $32.6M | $19.7M | $11.2M | $9.7M | $9.7M |
| Total liabilities | $7.7M | $13.1M | $9.2M | $7.1M | $8.2M | $10.9M | $7.4M | $5.0M | $6.0M | $5.3M |
| Shareholders' equity | $22.2M | $15.3M | $7.8M | $11.5M | $12.5M | $21.8M | $12.3M | $6.3M | $3.7M | $4.3M |
| Margins | ||||||||||
| Gross margin | 22.3% | 9.9% | 4.2% | 9.5% | 1.6% | 0.2% | β0.7% | β1.4% | 2.9% | 7.7% |
| Operating margin | β17.7% | β20.2% | β25.4% | β2.9% | β14.8% | β28.7% | β42.4% | β19.7% | β24.3% | β42.3% |
| EBITDA margin | β13.2% | β17.1% | β24.4% | β2.6% | β12.6% | β27.4% | β33.9% | β15.4% | β18.3% | β37.3% |
| Net margin | β18.7% | β21.7% | β24.5% | β2.2% | β13.6% | β5.8% | β37.3% | β19.5% | β24.4% | β38.4% |
| FCF margin | β2.0% | β2.8% | β9.4% | β | 0.8% | β19.4% | β12.2% | β6.8% | β13.3% | β21.5% |
| Returns | ||||||||||
| Return on capital employed | β27.4% | β60.3% | β183.2% | β14.6% | β45.1% | β57.1% | β79.7% | β94.3% | β97.8% | β42.4% |
| Return on equity | β29.2% | β54.0% | β121.3% | β13.1% | β43.4% | β16.1% | β57.5% | β64.4% | β75.9% | β44.2% |
| Return on assets | β21.6% | β34.6% | β61.6% | β7.1% | β26.6% | β10.3% | β37.4% | β38.7% | β36.0% | β18.3% |
| Return on tangible equity | β64.9% | β163.3% | β179.9% | β13.2% | β52.2% | β19.3% | β108.4% | β110.4% | β102.8% | β46.2% |
| Growth | ||||||||||
| Revenue growth | β | 34.2% | 22.5% | 1.6% | β33.9% | 23.2% | β44.6% | 16.6% | β49.5% | β70.1% |
| FCF growth | β | β | β | β | β | β2,913.5% | β | β | β | β |
| Share count change | β | 6.7% | 30.9% | 8.0% | 26.1% | 53.0% | β | β | β | β |
| Financial health | ||||||||||
| Interest coverage | β472.9x | β87.8x | β392.2x | β48.2x | β | β | β | β | β | β |
| Current ratio | 1.9x | 1.3x | 1.4x | 1.7x | 1.6x | 2.3x | 2.2x | 1.8x | 1.6x | 1.5x |
| Quick ratio | 1.9x | 1.3x | 1.4x | 1.7x | 1.6x | 2.3x | 2.2x | 1.8x | 1.6x | 1.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.4% | 0.0% | 0.0% | β | 0.0% | 0.7% | 0.0% | 0.3% | 0.0% | 1.4% |
| Stock comp / revenue | 6.6% | 4.9% | 0.4% | 0.7% | 5.6% | 14.8% | 0.7% | 0.3% | 4.4% | 7.5% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 2.0 | 3.0 | 3.0 | 2.0 | 2.0 | 1.0 | 2.0 | 3.0 | 3.0 |
| Altman Z'' | 2.0 | β2.4 | β10.1 | β3.5 | β5.2 | β2.8 | β8.7 | β17.2 | β21.1 | β20.8 |
| Accruals ratio | β19.7% | β30.1% | β37.9% | 17.2% | β28.3% | 22.8% | β25.3% | β25.7% | β16.3% | β8.7% |
Source: SEC EDGAR XBRL filings (CIK 0001376321). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
