ZW Data Action Technologies Inc.
CNETNasdaqTechnology · Services-Computer Programming, Data Processing, Etc. · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $15.4M | $30.6M | $26.2M | $47.3M | $38.4M |
| Operating income | −$2.0M | −$3.8M | −$6.0M | −$11.1M | −$13.6M | −$5.7M |
| Net income | −$1.8M | −$3.8M | −$6.0M | −$9.8M | −$2.8M | −$5.2M |
| Total assets | $9.7M | $9.7M | $11.2M | $19.7M | $32.6M | $20.7M |
| Total liabilities | $5.3M | $6.0M | $5.0M | $7.4M | $10.9M | $8.2M |
| Equity | $4.3M | $3.7M | $6.3M | $12.3M | $21.8M | $12.5M |
| EPS (diluted) | $-0.67 | $-1.86 | $-3.11 | $-1.37 | $-0.42 | — |
| Shares out. | 2.3M | 7.2M | 7.2M | 35.4M | 31.3M | 21.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −42.3%
- Net margin
- −38.4%
- Return on equity
- −40.8%
- Return on assets
- −18.3%
- Return on capital (ROCE)
- −42.4%
- Liabilities / assets
- 54.5%
- Debt / equity
- 1.21×
- Book value / share
- $1.89
- Revenue growth (YoY)
- −70.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -20.78distress
- Accruals / assets
- −8.7%clean
- Beneish M-Score
- -2.18normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 29, 2024
- NT 10-Q/Amissed a reporting deadline ↗Nov 15, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Chu KaiActivist (13D)May 5, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 53,729 | 5.1 | +2.7% |
| Apr 30, 2026 | 52,304 | 6.3 | -33.7% |
| Apr 15, 2026 | 78,841 | 6.9 | -12.7% |
| Mar 31, 2026 | 90,272 | 13.3 | -4.1% |
| Mar 13, 2026 | 94,159 | 7.9 | +21.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeMar 27, 2026
- Shareholder voteDec 2, 2025
- Entered a material agreementOct 29, 2025
- Unregistered equity saleOct 2, 2025
- Entered a material agreementSep 19, 2025
- Unregistered equity saleJun 10, 2025
- Entered a material agreement · Unregistered equity saleMay 14, 2025
- Completed an acquisition or dispositionMar 13, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QFORM 10-QMay 15, 2026
- SCHEDULE 13DMay 5, 2026
- 4May 5, 2026
- S-8Apr 15, 2026
- 10-KFORM 10-KMar 31, 2026
- 8-KFORM 8-KMar 27, 2026
- 8-KFORM 8-KDec 2, 2025
- PRE 14ANov 14, 2025
- 10-QFORM 10-QNov 14, 2025
- 8-KFORM 8-KOct 29, 2025
- DEF 14AFORM DEF 14AOct 10, 2025
- 8-KFORM 8-KOct 2, 2025
- PRE 14ASep 30, 2025
- 8-KFORM 8-KSep 19, 2025
- 8-K/AFORM 8-K/ASep 4, 2025
Event-driven situations (1)
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