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Side-by-side financial comparison of Beeline Holdings, Inc. (BLNE) and ZW Data Action Technologies Inc. (CNET). Click either name above to swap in a different company.
Beeline Holdings, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.7M, roughly 1.1× ZW Data Action Technologies Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -445.0%, a 438.7% gap on every dollar of revenue. Over the past eight quarters, Beeline Holdings, Inc.'s revenue compounded faster (-33.0% CAGR vs -56.8%).
Beeline or билайн is a mobile network operator brand operating in Russia under PJSC VimpelCom, and in Kazakhstan, Kyrgyzstan and Uzbekistan under VEON Ltd. Beeline is Russia's fourth-largest mobile network operator, and main competitors being MTS, MegaFon and T2.
ZW Data Action Technologies Inc., trading under the symbol CNET, is a China-based technology enterprise focused on delivering integrated digital marketing solutions, big data analysis services, and intelligent operation tools for enterprise clients across sectors including e-commerce, consumer goods, and internet services. Its offerings help clients optimize user acquisition efficiency, boost operational performance, and advance digital transformation, primarily serving the Chinese domestic market and select Asia-Pacific clients.
BLNE vs CNET — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $1.7M |
| Net Profit | $-8.4M | $-108.0K |
| Gross Margin | — | 5.7% |
| Operating Margin | -418.4% | -8.9% |
| Net Margin | -445.0% | -6.3% |
| Revenue YoY | — | -47.0% |
| Net Profit YoY | -16.1% | 94.4% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.9M | — | ||
| Q3 25 | $2.3M | $1.7M | ||
| Q2 25 | $1.7M | — | ||
| Q1 25 | $1.8M | $1.7M | ||
| Q4 24 | — | $2.2M | ||
| Q3 24 | $783.0K | $3.2M | ||
| Q2 24 | $3.1M | $6.4M | ||
| Q1 24 | $2.5M | $3.5M |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-3.9M | $-108.0K | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $-6.8M | $-531.0K | ||
| Q4 24 | — | $-781.0K | ||
| Q3 24 | $-1.4M | $-1.9M | ||
| Q2 24 | $-1.5M | $-216.0K | ||
| Q1 24 | $-1.3M | $-850.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | 25.5% | 1.7% | ||
| Q2 24 | 5.0% | 5.1% | ||
| Q1 24 | 7.5% | 2.0% |
| Q4 25 | -418.4% | — | ||
| Q3 25 | -120.9% | -8.9% | ||
| Q2 25 | -229.0% | — | ||
| Q1 25 | -268.7% | -35.0% | ||
| Q4 24 | — | -24.1% | ||
| Q3 24 | -55.6% | -61.5% | ||
| Q2 24 | -11.4% | -4.7% | ||
| Q1 24 | -18.5% | -26.1% |
| Q4 25 | -445.0% | — | ||
| Q3 25 | -167.2% | -6.3% | ||
| Q2 25 | -237.3% | — | ||
| Q1 25 | -372.4% | -32.1% | ||
| Q4 24 | — | -34.7% | ||
| Q3 24 | -173.6% | -59.1% | ||
| Q2 24 | -48.6% | -3.4% | ||
| Q1 24 | -52.0% | -24.1% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.64 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-6.60 | — | ||
| Q2 24 | $-8.74 | — | ||
| Q1 24 | $-0.78 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1M | $1.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $53.6M | $3.3M |
| Total Assets | $70.2M | $9.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1M | — | ||
| Q3 25 | $1.3M | $1.8M | ||
| Q2 25 | $6.3M | — | ||
| Q1 25 | $1.5M | $807.0K | ||
| Q4 24 | — | $812.0K | ||
| Q3 24 | $310.0K | $1.1M | ||
| Q2 24 | $420.0K | $510.0K | ||
| Q1 24 | $147.0K | $467.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $8.1M | — | ||
| Q1 24 | $8.1M | — |
| Q4 25 | $53.6M | — | ||
| Q3 25 | $51.7M | $3.3M | ||
| Q2 25 | $54.6M | — | ||
| Q1 25 | $47.1M | $3.1M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | $-2.5M | $4.8M | ||
| Q2 24 | $-1.9M | $5.2M | ||
| Q1 24 | $-476.0K | $5.4M |
| Q4 25 | $70.2M | — | ||
| Q3 25 | $63.2M | $9.7M | ||
| Q2 25 | $68.6M | — | ||
| Q1 25 | $63.8M | $9.5M | ||
| Q4 24 | — | $9.7M | ||
| Q3 24 | $16.2M | $11.0M | ||
| Q2 24 | $16.6M | $10.8M | ||
| Q1 24 | $17.0M | $11.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-21.4M | $-482.0K |
| Free Cash FlowOCF − Capex | $-21.5M | — |
| FCF MarginFCF / Revenue | -1143.3% | — |
| Capex IntensityCapex / Revenue | 0.8% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-21.4M | — | ||
| Q3 25 | $-5.8M | $-482.0K | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $-1.5M | $-984.0K | ||
| Q4 24 | — | $-830.0K | ||
| Q3 24 | $-652.0K | $-198.0K | ||
| Q2 24 | $-872.0K | $-677.0K | ||
| Q1 24 | $-82.0K | $-353.0K |
| Q4 25 | $-21.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-1.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -1143.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLNE
| Beeline Title Holdings | $1.4M | 73% |
| Other | $498.0K | 27% |
CNET
| Online Advertising Placement | $1.6M | 95% |
| Other | $83.0K | 5% |
