Zw Data Action Technologies Inc. (CNET) intrinsic value & 10-year financials

Zw Data Action Technologies Inc. (CNET) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 20.1% a year to $4.6M, with an average return on invested capital of -69.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.42
Revenue (FY2025)
$4.6M
Revenue growth (10-yr CAGR)
-20.1%
ROIC (10-yr avg)
-69.3%
Free cash flow (FY2025)
-$994.0K

CNET 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $4.6M -$1.8M — -$994.0K -42.3% -57.9%
FY2024 $15.4M -$3.8M — -$2.1M -24.3% -69.1%
FY2023 $30.6M -$6.0M — -$2.1M -19.7% -80.8%
FY2022 $26.2M -$9.8M — -$3.2M -42.4% -85.7%
FY2021 $47.3M -$2.8M — -$9.2M -28.7% -109.7%
FY2020 $38.4M -$5.2M — $326.0K -14.8% -68.9%
FY2019 $58.1M -$1.3M — — -2.9% -17.5%
FY2018 $57.1M -$14.0M — -$5.4M -25.4% -125.5%
FY2017 $46.6M -$10.1M — -$1.3M -20.2% -50.3%
FY2016 $34.8M -$6.5M — -$711.0K -17.7% -27.6%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

ZW Data Action Technologies Inc. is facing top-line stagnation, with revenue contracting over the decade.

ZW Data Action Technologies Inc. has historically struggled to out-earn its cost of capital, averaging just -69.3% ROIC.

ZW Data Action Technologies Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, ZW Data Action Technologies Inc. is modeled at -20.1% normalized earnings growth with a 5.1% bond-yield adjustment.

CNET stock: frequently asked questions

How fast has Zw Data Action Technologies Inc. grown?

Revenue went from $34.8M in fiscal 2016 to $4.6M in fiscal 2025, a compound annual growth rate of -20.1%. Net income was -$1.8M in fiscal 2025.

Does Zw Data Action Technologies Inc. generate free cash flow?

Zw Data Action Technologies Inc. generated -$994.0K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 9 reported years.

What is CNET's return on invested capital?

Average ROIC over the last 10 fiscal years was -69.3%, and average return on equity was -51.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CNET data come from?

From Zw Data Action Technologies Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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