ZW Data Action Technologies Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $4.6M | $15.4M | $30.6M | $26.2M | $47.3M |
| Gross profit | $353,000 | $446,000 | -$436,000 | -$194,000 | $98,000 |
| Operating income | -$2.0M | -$3.8M | -$6.0M | -$11.1M | -$13.6M |
| Operating expenses | $2.3M | $4.2M | $5.6M | $10.9M | $13.7M |
| Cost of revenue | $4.3M | $15.0M | $31.0M | $26.4M | $47.2M |
| Cash from operations | -$929,000 | -$2.1M | -$2.0M | -$3.2M | -$8.8M |
| 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 |
| Total assets | $9.7M | $9.7M | $11.2M | $19.7M | $32.6M |
| Total liabilities | $5.3M | $6.0M | $5.0M | $7.4M | $10.9M |
Shares outstanding 3.7M · Free float 82.6%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.