Filing Flows › ZW Data Action Technologies (CNET) › Q3 2025
ZW Data Action Technologies (CNET) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
ZW Data Action Technologies (CNET) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -47% from a year earlier and +213% from the quarter before. Operating margin was -8.9%, net loss $108K (6.3% of revenue).
ZW Data Action Technologies, Q3 2025: revenue $1.7M (-47% year over year), operating margin -8.9%, net loss $108K, operating cash flow −$482K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +213% | -47% |
| Operating profit | −$153K | — | — |
| Net earnings | −$108K | — | — |
| Operating cash flow | −$482K | -170% | — |
What changed
Revenue was $1.7M in Q3 2025, down 47% year over year and up 213% from the previous quarter. Online Advertising Placement was the largest line at 95% of revenue. Search Engine Marketing and Data Service lost $3.2M year over year (down 100%), 213% of the total change.
Gross margin was 5.7%, up 4.0 points from a year earlier. Operating costs exceeded revenue by $153K, an operating margin of -8.9%. Operating expenses fell 88% while revenue fell 47%. The quarter ended with a net loss of $108K, narrower than the previous quarter's $637K loss. Non-operating items added $46K, -43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$482K. Non-cash charges added back $71K of depreciation and amortization and $59K of share-based compensation. Working capital and other items used $504K.
Questions
What was ZW Data Action Technologies' revenue in the third quarter 2025?
ZW Data Action Technologies (CNET) reported revenue of $1.7M for the third quarter 2025 (Q3 2025), -47% from a year earlier and +213% from the quarter before.
Was ZW Data Action Technologies profitable in the third quarter 2025?
Operating loss was $153K (-8.9% of revenue) and net loss $108K.