ZW Data Action Technologies Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.6M | $15.4M | $30.6M | $26.2M | $47.3M |
| Cost of revenue | $4.3M | $15.0M | $31.0M | $26.4M | $47.2M |
| Gross profit | $353,000 | $446,000 | -$436,000 | -$194,000 | $98,000 |
| Research and development | $0 | $0 | $17,000 | $229,000 | $326,000 |
| Operating expenses | $2.3M | $4.2M | $5.6M | $10.9M | $13.7M |
| Operating income | -$2.0M | -$3.8M | -$6.0M | -$11.1M | -$13.6M |
| Pretax income | -$1.8M | -$3.4M | -$6.0M | -$9.8M | -$2.5M |
| Income tax expense | $1,000 | $399,000 | -$2,000 | -$3,000 | $177,000 |
| Net income | -$1.8M | -$3.8M | -$6.0M | -$9.8M | -$2.8M |
| Balance Sheet | |||||
| Cash and equivalents | $970,000 | $812,000 | $817,000 | $4.4M | $7.2M |
| Current assets | $7.6M | $9.2M | $9.0M | $12.3M | $19.9M |
| Total assets | $9.7M | $9.7M | $11.2M | $19.7M | $32.6M |
| Current liabilities | $5.1M | $5.8M | $4.9M | $5.7M | $8.8M |
| Total liabilities | $5.3M | $6.0M | $5.0M | $7.4M | $10.9M |
| Stockholders' equity | $4.3M | $3.7M | $6.3M | $12.3M | $21.8M |
| Cash Flow Statement | |||||
| Cash from operations | -$929,000 | -$2.1M | -$2.0M | -$3.2M | -$8.8M |
| Depreciation and amortization | $232,000 | $938,000 | $1.3M | $2.2M | $632,000 |
| Stock-based compensation | $346,000 | $684,000 | $107,000 | $186,000 | $7.0M |
| Capital expenditure | $65,000 | $3,000 | $81,000 | $0 | $334,000 |
| Free cash flow | -$994,000 | -$2.1M | -$2.1M | -$3.2M | -$9.2M |
| Impairments | — | $0 | $1.2M | $2.1M | $0 |
Shares outstanding 3.7M · Free float 82.6%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.