CNET · ZW Data Action Technologies Inc.
Substantial doubt about the company's ability to continue as a going concern.
“These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.”View the 10-Q filed Aug 14, 2026
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3.45M | $4.61M | $15.44M | $30.59M | $26.24M | $47.33M | $38.41M | $58.08M | $57.15M | $46.63M | $34.75M | $32.27M | $37.61M | $29.93M | $46.4M | $28.11M | $40.42M | |
| $3.23M | $4.26M | $14.99M | $31.02M | $26.43M | $47.23M | $37.78M | $52.58M | $54.73M | $42.02M | — | — | — | — | — | — | — | |
| $220K | $353K | $446K | -$436K | -$194K | $98K | $632K | $5.5M | $2.42M | $4.61M | $7.75M | $7.61M | $6.3M | $13.73M | $15.04M | $16.7M | $22.62M | |
| — | 7.65% | 2.89% | -1.43% | -0.74% | 0.21% | 1.65% | 9.47% | 4.23% | 9.89% | 22.31% | 23.59% | 16.74% | 45.87% | 32.42% | 59.43% | 55.95% | |
| — | $0 | $0 | $17K | $229K | $326K | $539K | $869K | $933K | $1.26M | $2M | $2.16M | $2.66M | $2M | $1.82M | $2.13M | $907K | |
| $0 | $0 | $207K | $267K | $269K | $730K | $361K | $540K | $1.97M | $2.73M | $4.07M | $4.59M | $6.92M | $2.57M | — | — | — | |
| — | $2.31M | $4M | $4.06M | $8.3M | $12.63M | $5.43M | $5.78M | $5.49M | $7.46M | $7.67M | $7.5M | $5.78M | $7.69M | $6.03M | $7.9M | $3.46M | |
| $240K | $190K | $840K | $1.19M | $2.12M | $600K | $850K | $110K | $380K | $1.23M | $1.32M | $1.41M | $1.05M | $1.06M | $1.05M | $461K | — | |
| $273K | $232K | $938K | $1.29M | $2.22M | $632K | $856K | $170K | $541K | $1.42M | $1.57M | $1.77M | $1.44M | $1.62M | $1.64M | $1.01M | $465K | |
| $1.21M | $2.31M | $4.2M | $5.58M | $10.93M | $13.69M | $6.33M | $7.19M | $16.93M | $14.01M | $13.9M | $16.93M | $19.28M | $13.12M | $10.53M | $13.54M | $7.77M | |
| -$994K | -$1.95M | -$3.76M | -$6.01M | -$11.12M | -$13.59M | -$5.7M | -$1.69M | -$14.51M | -$9.4M | -$6.15M | -$9.32M | -$12.99M | $612K | $4.51M | $3.16M | $14.85M | |
| — | -42.33% | -24.33% | -19.66% | -42.38% | -28.71% | -14.84% | -2.91% | -25.39% | -20.15% | -17.69% | -28.87% | -34.53% | 2.04% | 9.72% | 11.25% | 36.73% | |
| -$721K | -$1.72M | -$2.82M | -$4.72M | -$8.9M | -$12.96M | -$4.85M | -$1.52M | -$13.97M | -$7.98M | -$4.58M | -$7.55M | -$11.55M | $2.23M | $6.15M | $4.17M | $15.31M | |
| $13K | — | — | — | — | — | — | $35K | $37K | $107K | $13K | $47K | $52K | $26K | — | — | — | |
| — | — | — | — | — | — | — | — | — | $40K | $90K | $117K | $122K | $125K | $186K | $13K | $13K | |
| $160K | $183K | $387K | $36K | $1.33M | $11.08M | $623K | $467K | $1.15M | -$362K | -$35K | $104K | $42K | $104K | -$124K | $5000 | $6000 | |
| — | — | — | — | — | — | — | — | — | — | — | -$2000 | $47K | -$183K | -$449K | -$219K | — | |
| -$834K | -$1.77M | -$3.37M | -$5.98M | -$9.79M | -$2.51M | -$5.08M | -$1.22M | -$13.36M | -$9.76M | -$6.18M | -$9.21M | -$12.95M | $716K | $4.39M | $4.04M | $16.73M | |
| -$6000 | $1000 | $399K | -$2000 | -$3000 | $177K | $143K | $49K | $764K | $251K | $102K | -$1.5M | -$478K | $816K | $529K | $1.04M | $352K | |
| -$2.82M | -$1.77M | -$3.76M | -$5.97M | -$9.79M | -$2.75M | -$5.22M | -$1.26M | -$14.03M | -$10.13M | -$6.49M | -$9.09M | -$13.74M | -$234K | $3M | $3M | $16.59M | |
| — | -38.36% | -24.36% | -19.53% | -37.32% | -5.82% | -13.58% | -2.17% | -24.54% | -21.71% | -18.68% | -28.18% | -36.52% | -0.78% | 6.46% | 10.66% | 41.04% | |
| -$2000 | -$1000 | -$8000 | $0 | $0 | $66K | -$5000 | -$9000 | — | — | — | — | -$154K | -$49K | $412K | -$214K | -$214K | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $3M | $2.59M | $15.8M | |
| -$1.29M | -$1.98M | -$3.63M | -$5.9M | -$9.67M | -$2.8M | -$5.59M | -$1.21M | -$14.17M | -$9.23M | -$7.85M | -$10.66M | -$13.8M | $1.06M | $3.26M | $4.2M | $17.4M | |
| USD/shares | -$0.23 | -$0.67 | -$1.86 | -$3.11 | -$5.48 | -$1.68 | — | — | — | — | — | — | — | -$0.20 | $2.80 | $2.80 | $18.80 |
| USD/shares | -$4.20 | — | — | — | — | — | — | — | — | — | — | — | — | -$0.20 | $2.80 | $2.80 | $15.80 |
| shares | — | 2.66M | 2.02M | 1.92M | 1.78M | 1.65M | 1.08M | 856.52K | 793.19K | 605.84K | 567.9K | 535.33K | 1.12M | 1.11M | 1.11M | 927.28K | 838.91K |
| shares | — | — | — | — | — | 1.65M | 1.08M | 856.52K | 793.19K | 605.84K | 567.9K | 1.34M | 1.12M | 1.11M | 1.11M | 937.96K | 1.04M |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 14 similar-size Advertising Agencies companies (of 35 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Internet Ad | $3,738,000 | $14,689,000 | — | — | $46,666,000 | $35,618,000 |
| Blockchain Technology | $616,000 | $750,000 | $75,000 | $425,000 | — | — |
| IP Services | $260,000 | $0 | — | — | — | — |
| Ecommerce O2O Ad and Marketing Services | — | — | $0 | $0 | $662,000 | $1,545,000 |
| Internet Advertising and TV Advertising | — | — | $30,510,000 | $25,810,000 | — | — |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Online Advertising Placement | $3,688,000 | $4,780,000 | $0 | $3,548,000 | $7,442,000 | $8,421,000 |
| Blockchain Based Saas Services | $616,000 | $750,000 | $75,000 | $425,000 | $0 | — |
| IP Services | $260,000 | $0 | — | — | — | — |
| Search Engine Marketing and Data Service | $50,000 | $9,909,000 | $30,510,000 | $22,262,000 | $39,224,000 | $25,997,000 |
| Data and Technical Services | — | — | — | — | — | $1,200,000 |
| Offline Advertising and Marketing Services | — | — | — | $0 | $662,000 | $1,545,000 |
| Technical Solution Services | — | — | — | — | — | $1,245,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Internet Ad | $102,000 | -$1,190,000 | -$2,058,000 | -$3,355,000 | -$487,000 | -$2,834,000 |
| IP Services | $69,000 | $0 | — | — | — | — |
| Blockchain Technology | $56,000 | -$91,000 | -$766,000 | -$2,287,000 | -$2,000 | -$5,000 |
| Ecommerce O2O Ad and Marketing Services | — | -$14,000 | -$11,000 | -$1,764,000 | -$3,367,000 | — |
| Internet Advertising and TV Advertising | — | — | -$2,058,000 | -$3,355,000 | — | — |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Internet Ad | 2.7% | -8.1% | — | — | -1% | -8% |
| Blockchain Technology | 9.1% | -12.1% | -1021.3% | -538.1% | — | — |
| IP Services | 26.5% | — | — | — | — | — |
| Ecommerce O2O Ad and Marketing Services | — | — | — | — | -508.6% | — |
| Internet Advertising and TV Advertising | — | — | -6.7% | -13% | — | — |