ZW Data Action Technologies Inc.
Business
ZW Data Action Technologies Inc. is a holding company providing omni-channel advertising, precision marketing, influencer marketing, data analysis services, and blockchain-enabled SaaS solutions primarily to small and medium-sized enterprises. Core services include internet advertising and related marketing as its largest revenue contributor, intellectual property licensing, and blockchain-based SaaS platforms. The company operates through subsidiaries and variable-interest entities in Hong Kong, the PRC, British Virgin Islands, and other jurisdictions; as of 2025 it has shifted strategic focus toward markets outside mainland China. Distribution channels include owned web portals, partnerships with search engines, and direct sales to SME clients.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 5 | 15 | 31 | 26 | 47 | |
| Cost of revenues | 4 | 15 | 31 | 26 | 47 | |
| Gross profit | 353,000 | 446,000 | −436,000 | −194,000 | 98,000 | |
| Sales and marketing expenses | 0 | 207,000 | 267,000 | 269,000 | 730,000 | |
| General and administrative expenses | 2 | 4 | 4 | 8 | 13 | |
| Total operating expenses | 2 | 4 | 6 | 11 | 14 | |
| Loss from operations | −2 | −4 | −6 | −11 | −14 | |
| Interest income | 189,000 | 298,000 | 298,000 | 116,000 | 4,000 | |
| Impairment on long-term investment | 0 | −2,000 | −430,000 | 600,000 | — | |
| Gain on disposal of subsidiaries | 0 | 23,000 | 10,000 | 0 | — | |
| Other income/(expenses), net | −6,000 | 68,000 | −24,000 | −49,000 | −216,000 | |
| Total other income | 183,000 | 387,000 | 36,000 | 1 | 11 | |
| Loss before income tax benefit/(expense) and noncontrolling interests | −2 | −3 | −6 | −10 | −3 | |
| Income tax expenses | −1,000 | −399,000 | 2,000 | 3,000 | −177,000 | |
| Net loss | −2 | −4 | −6 | −10 | −3 | |
| Net income attributable to noncontrolling interests | 1,000 | 8,000 | 0 | 0 | −66,000 | |
| Net loss attributable to ZW Data Action Technologies Inc. | −2 | −4 | −6 | −10 | −3 | |
| Foreign currency translation income/(loss) | −209,000 | 133,000 | 72,000 | 118,000 | −47,000 | |
| Comprehensive loss | −2 | −4 | −6 | −10 | −3 | |
| Comprehensive loss/(income) attributable to noncontrolling interests | 0 | 10,000 | 0 | 0 | −66,000 | |
| Comprehensive loss attributable to ZW Data Action Technologies Inc. | −2 | −4 | −6 | −10 | −3 | |
| Basic and diluted (in dollars per share) | −0.67 | −1.86 | −3.11 | −1.37 | −0.42 | |
| Basic and diluted (in shares) | 3 | 2 | 2 | 7 | 7 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 970,000 | 812,000 | 817,000 | 4 | 7 | |
| Accounts receivable, net of allowance for doubtful accounts of $5,137 and $4,817 respectively | 545,000 | 2 | 844,000 | 2 | 3 | |
| Prepayment and deposit to suppliers | 5 | 5 | 5 | 5 | 8 | |
| Other current assets, net | 830,000 | 2 | 3 | 2 | 2 | |
| Total current assets | 8 | 9 | 9 | 12 | 20 | |
| Long-term investments | 1 | 397,000 | 794,000 | 2 | 2 | |
| Operating lease right-of-use assets | 50,000 | 0 | 20,000 | 2 | 2 | |
| Property and equipment, net | 142,000 | 116,000 | 215,000 | 249,000 | 375,000 | |
| Intangible assets, net | 515,000 | 0 | 841,000 | 3 | 8 | |
| Deposit for investment | 300,000 | 0 | — | — | — | |
| Total Assets | 10 | 10 | 11 | 20 | 33 | |
| Accounts payable | 169,000 | 93,000 | 201,000 | 205,000 | 1 | |
| Advance from customers | 522,000 | 489,000 | 843,000 | 739,000 | 1 | |
| Accrued payroll and other accruals | 517,000 | 557,000 | 350,000 | 438,000 | 389,000 | |
| Taxes payable | 3 | 3 | 3 | 3 | 4 | |
| Operating lease liabilities | 49,000 | 0 | 24,000 | 347,000 | 202,000 | |
| Advance from investors | 0 | 1 | 0 | — | — | |
| Other current liabilities | 570,000 | 480,000 | 144,000 | 437,000 | 141,000 | |
| Total current liabilities | 5 | 6 | 5 | 6 | 9 | |
| Deferred tax liability | 78,000 | 0 | — | — | — | |
| Total Liabilities | 5 | 6 | 5 | 7 | 11 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 3,268,429 shares and 2,301,205 shares at December 31, 2025 and 2024, respectively) | 3,000 | 2,000 | 2,000 | 7,000 | 7,000 | |
| Common stock to be issued | 420,000 | 0 | — | — | — | |
| Additional paid-in capital | 65 | 63 | 62 | 62 | 62 | |
| Statutory reserves | 3 | 3 | 3 | 3 | 3 | |
| Accumulated deficit | −65 | −63 | −60 | −54 | −44 | |
| Accumulated other comprehensive income | 1 | 1 | 1 | 1 | 1 | |
| Total ZW Data Action Technologies Inc.s stockholders equity | 4 | 4 | 6 | 12 | 22 | |
| Noncontrolling interests | 60,000 | 60,000 | 0 | 0 | 0 | |
| Total equity | 4 | 4 | 6 | 12 | 22 | |
| Total Liabilities and Equity | 10 | 10 | 11 | 20 | 33 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 232,000 | 938,000 | 1 | 2 | 632,000 | |
| Amortization of operating lease right-of-use assets | 46,000 | 22,000 | 364,000 | 341,000 | 207,000 | |
| Share-based compensation expenses | 346,000 | 684,000 | 107,000 | 186,000 | 7 | |
| Loss on disposal of fixed assets | 0 | 3,000 | 6,000 | 0 | — | |
| Provision for allowances for credit losses | 693,000 | 846,000 | 1 | 2 | — | |
| Deferred taxes | −29,000 | 399,000 | −2,000 | −3,000 | 177,000 | |
| Other non-operating (income)/losses | −189,000 | −397,000 | −300,000 | −113,000 | 524,000 | |
| Accounts receivable | 852,000 | −2 | 593,000 | −276,000 | −986,000 | |
| Prepayment and deposit to suppliers | −1 | 616,000 | 36,000 | 2 | −2 | |
| Other current assets | 1,000 | −3,000 | 3,000 | 2,000 | 6,000 | |
| Accounts payable | 74,000 | −106,000 | −1,000 | −848,000 | 495,000 | |
| Advance from customers | 23,000 | −284,000 | 115,000 | −420,000 | −221,000 | |
| Accrued payroll and other accruals | −105,000 | 211,000 | −80,000 | 60,000 | −90,000 | |
| Other current liabilities | −65,000 | 492,000 | −184,000 | 836,000 | −355,000 | |
| Taxes payable | 30,000 | 2,000 | −4,000 | −6,000 | 29,000 | |
| Operating lease liabilities | −45,000 | −24,000 | −343,000 | −302,000 | −116,000 | |
| Net cash used in operating activities | −930,000 | −2 | −2 | −3 | −9 | |
| Purchase of vehicles, furniture and office equipment | −65,000 | −3,000 | −81,000 | 0 | −334,000 | |
| Purchase of intellectual property | −600,000 | 0 | — | 0 | −1 | |
| Cash effect of deconsolidation of subsidiaries | 0 | −6,000 | −3,000 | 0 | −8,000 | |
| Investment and advances to ownership investee entities | 0 | −2,000 | −64,000 | 0 | −2 | |
| Net proceeds from disposal of long-term investments | 0 | 147,000 | 426,000 | 0 | — | |
| Cash acquired during the period | 0 | 9,000 | 0 | — | — | |
| Repayment of short-term loans and interest income from unrelated parties | 1 | 901,000 | 168,000 | 2 | 1 | |
| Cash paid for acquisition of equity interests | −300,000 | 0 | — | — | — | |
| Deposit for other investing contracts | −300,000 | −151,000 | 0 | 1 | −2 | |
| Net cash provided by investing activities | −144,000 | 895,000 | −2 | 552,000 | −5 | |
| Advance from investors | 0 | 1 | 0 | — | — | |
| Proceeds from PIPE transactions, net of $45 of direct offering costs paid by cash | 1 | 0 | — | — | — | |
| Capital contribution from noncontrolling interest | 0 | 70,000 | 0 | — | — | |
| Net cash provided by financing activities | 1 | 1 | 0 | 0 | 17 | |
| Effect of exchange rate fluctuation on cash and cash equivalents | −2,000 | 13,000 | −25,000 | −145,000 | 70,000 | |
| Net (decrease)/increase in cash and cash equivalents | 158,000 | −5,000 | −4 | −3 | 3 | |
| Private placement completed during the period | 1 | 0 | — | — | — | |
| Unpaid direct offering cost incurred during the period | 63,000 | 0 | — | — | — | |
| Common stock to be issued for an investment transaction consummated during the period | 420,000 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ZW Data Action Technologies Inc.'s CIK number?
ZW Data Action Technologies Inc.'s SEC CIK number is 0001376321 (1376321). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ZW Data Action Technologies Inc.'s SEC filings?
All of ZW Data Action Technologies Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ZW Data Action Technologies Inc. last report earnings?
ZW Data Action Technologies Inc. (CNET) most recently filed an earnings 8-K with the SEC on Jun 28, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-24-003704). This is ZW Data Action Technologies Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ZW Data Action Technologies Inc.'s most recent earnings 8-K?
ZW Data Action Technologies Inc.'s latest earnings 8-K (Item 2.02) was filed Jun 28, 2024 under accession 0001171843-24-003704. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ZW Data Action Technologies Inc.'s latest earnings 8-K →
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