NASDAQ: CNET
ZW Data Action Technologies Inc.CIK 0001376321 · SIC 7370 · Computer & Data Processing
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(In thousands, except for number of shares and per share data)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|---|---|
| (US $) | ||||
| (Unaudited) | ||||
| Revenues | 1,035 | 2,200 | 652 | 548 |
| Cost of revenues | 961 | 1,993 | 605 | 501 |
| Gross profit | 74 | 207 | 47 | 47 |
| Operating expenses | ||||
| General and administrative expenses | 363 | 1,468 | 415 | 729 |
| Research and development expenses | 13 | - | 13 | - |
| Total operating expenses | 376 | 1,468 | 428 | 729 |
| Loss from operations | (302) | (1,261) | (381) | (682) |
| Other income/(expenses) | ||||
| Interest income | 70 | 99 | 25 | 45 |
| Other expenses, net | 1 | (5) | 2 | (1) |
| Total other income/(expenses) | 71 | 94 | 27 | 44 |
| Loss before income tax benefit/(expense) and noncontrolling interests | (231) | (1,167) | (354) | (638) |
| Income tax benefit/(expenses) | 7 | - | 4 | 1 |
| Net loss | (224) | (1,167) | (350) | (637) |
Condensed Consolidated Balance Sheets
(In thousands, except for number of shares and per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| (US $) | ||
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 611 | 970 |
| Accounts receivable, net of allowance for credit losses of $5,111 and $5,137, respectively | 569 | 545 |
| Prepayment and deposit to suppliers | 5,755 | 5,211 |
| Other current assets, net | 847 | 830 |
| Total current assets | 7,782 | 7,556 |
| Long-term investments | 1,117 | 1,117 |
| Operating lease right-of-use assets | 24 | 48 |
| Property and equipment, net | 128 | 142 |
| Intangible assets, net | 399 | 515 |
| Deposit for acquisition | 300 | 300 |
| Total Assets | 9,750 | 9,678 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable * | 683 | 169 |
| Advance from customers * | 476 | 522 |
| Accrued payroll and other accruals * | 181 | 517 |
| Taxes payable * | 3,356 | 3,249 |
| Operating lease liabilities | 25 | 49 |
| Other current liabilities * | 662 | 566 |
| Total current liabilities | 5,383 | 5,072 |
| (US $) | ||
| (Unaudited) | ||
| Long-term liabilities: | ||
| Deferred tax liability | 60 | 78 |
| Long-term borrowing from a related party | 128 | 125 |
| Total Liabilities | 5,571 | 5,275 |
| Commitments and contingencies | ||
| Equity: | ||
| ZW Data Action Technologies Inc.’s stockholders’ equity | ||
| Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 3,668,429 shares and 3,268,429 shares at June 30, 2026 and December 31, 2025, respectively) | 4 | 3 |
| Common stock to be issued | 420 | 420 |
| Additional paid-in capital | 65,651 | 65,346 |
| Statutory reserves | 2,598 | 2,598 |
| Accumulated deficit | (65,445) | (65,221) |
| Accumulated other comprehensive income | 889 | 1,197 |
| Total shareholders’ equity | 4,117 | 4,343 |
| Noncontrolling interests | 62 | 60 |
| Total equity | 4,179 | 4,403 |
| Total Liabilities and Equity | 9,750 | 9,678 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| (US $) | ||
| (Unaudited) | ||
| Cash flows from operating activities | ||
| Net loss | (224) | (1,167) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 133 | 92 |
| Amortization of operating lease right-of-use assets | 24 | 24 |
| Share-based compensation expenses | 242 | 287 |
| (Reverse)/provision for allowances for credit losses | (177) | 686 |
| Deferred Taxes | (18) | (11) |
| Other non-operating income | (70) | (99) |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 156 | 1,120 |
| Prepayment and deposit to suppliers | (442) | (1,029) |
| Other current assets | - | 1 |
| Accounts payable | 511 | 16 |
| Advance from customers | (61) | 184 |
| Accrued payroll and other accruals | (339) | (403) |
| Other current liabilities | (122) | 11 |
| Taxes payable | 11 | 11 |
| Operating lease liabilities | (24) | (22) |
| Net cash used in operating activities | (400) | (299) |
| Cash flows from investing activities | ||
| Purchases of vehicles and office equipment, leasehold improvement | - | (65) |
| Purchase of intellectual property | - | (600) |
| Repayment of short-term loans and interest income from unrelated parties | 51 | 1,121 |
| Net cash provided by investing activities | 51 | 456 |
| (US $) | ||
| (Unaudited) | ||
| Cash flows from financing activities | ||
| Capital contribution from noncontrolling interest | - | - |
| Advances from investors | - | 750 |
| Net cash provided by financing activities | - | 750 |
| Effect of exchange rate fluctuation on cash and cash equivalents | (10) | (13) |
| Net increase/(decrease) in cash and cash equivalents | (359) | 894 |
| Cash and cash equivalents at beginning of the period | 970 | 812 |
| Cash and cash equivalents at end of the period | 611 | 1,706 |
| Supplemental disclosure of cash flow information | ||
| Income taxes paid | - | - |
| Interest expense paid | - | - |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except for number of shares and per share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗