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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Ivanhoe Electric Inc. (IE). Click either name above to swap in a different company.
ZW Data Action Technologies Inc. is the larger business by last-quarter revenue ($1.7M vs $896.0K, roughly 1.9× Ivanhoe Electric Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -4500.4%, a 4494.2% gap on every dollar of revenue. On growth, Ivanhoe Electric Inc. posted the faster year-over-year revenue change (-32.7% vs -47.0%). Over the past eight quarters, Ivanhoe Electric Inc.'s revenue compounded faster (57.8% CAGR vs -56.8%).
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.
Ivanhoe Electric Inc. is a critical minerals exploration and development firm focused on metals for global electrification. It targets high-grade copper, gold, silver and strategic deposits, with primary North American operations, supplying raw materials to renewable energy, EV and power grid infrastructure supply chains worldwide.
CNET vs IE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $896.0K |
| Net Profit | $-108.0K | $-40.3M |
| Gross Margin | 5.7% | 69.5% |
| Operating Margin | -8.9% | -4167.7% |
| Net Margin | -6.3% | -4500.4% |
| Revenue YoY | -47.0% | -32.7% |
| Net Profit YoY | 94.4% | -318.3% |
| EPS (diluted) | — | $0.24 |
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 | — | $896.0K | ||
| Q3 25 | $1.7M | $545.0K | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | $1.7M | $735.0K | ||
| Q4 24 | $2.2M | $1.3M | ||
| Q3 24 | $3.2M | $671.0K | ||
| Q2 24 | $6.4M | $538.0K | ||
| Q1 24 | $3.5M | $360.0K |
| Q4 25 | — | $-40.3M | ||
| Q3 25 | $-108.0K | $-17.5M | ||
| Q2 25 | — | $-23.9M | ||
| Q1 25 | $-531.0K | $-34.1M | ||
| Q4 24 | $-781.0K | $18.5M | ||
| Q3 24 | $-1.9M | $-43.2M | ||
| Q2 24 | $-216.0K | $-46.8M | ||
| Q1 24 | $-850.0K | $-60.1M |
| Q4 25 | — | 69.5% | ||
| Q3 25 | 5.7% | 51.2% | ||
| Q2 25 | — | 72.5% | ||
| Q1 25 | 9.7% | 60.1% | ||
| Q4 24 | -0.4% | 64.7% | ||
| Q3 24 | 1.7% | 61.8% | ||
| Q2 24 | 5.1% | 64.3% | ||
| Q1 24 | 2.0% | 72.2% |
| Q4 25 | — | -4167.7% | ||
| Q3 25 | -8.9% | -4328.3% | ||
| Q2 25 | — | -2400.3% | ||
| Q1 25 | -35.0% | -3674.0% | ||
| Q4 24 | -24.1% | -2229.4% | ||
| Q3 24 | -61.5% | -6233.8% | ||
| Q2 24 | -4.7% | -9023.4% | ||
| Q1 24 | -26.1% | -15800.3% |
| Q4 25 | — | -4500.4% | ||
| Q3 25 | -6.3% | -3214.9% | ||
| Q2 25 | — | -2233.2% | ||
| Q1 25 | -32.1% | -4645.0% | ||
| Q4 24 | -34.7% | 1386.6% | ||
| Q3 24 | -59.1% | -6443.5% | ||
| Q2 24 | -3.4% | -8695.7% | ||
| Q1 24 | -24.1% | -16693.1% |
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.24 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.39 | ||
| Q1 24 | — | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.8M | $173.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $416.1M |
| Total Assets | $9.7M | $483.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $173.3M | ||
| Q3 25 | $1.8M | $69.5M | ||
| Q2 25 | — | $88.0M | ||
| Q1 25 | $807.0K | $98.2M | ||
| Q4 24 | $812.0K | $41.0M | ||
| Q3 24 | $1.1M | $81.1M | ||
| Q2 24 | $510.0K | $133.8M | ||
| Q1 24 | $467.0K | $179.4M |
| Q4 25 | — | $416.1M | ||
| Q3 25 | $3.3M | $280.1M | ||
| Q2 25 | — | $293.3M | ||
| Q1 25 | $3.1M | $307.0M | ||
| Q4 24 | $3.7M | $268.6M | ||
| Q3 24 | $4.8M | $250.1M | ||
| Q2 24 | $5.2M | $289.2M | ||
| Q1 24 | $5.4M | $331.5M |
| Q4 25 | — | $483.3M | ||
| Q3 25 | $9.7M | $386.2M | ||
| Q2 25 | — | $400.5M | ||
| Q1 25 | $9.5M | $414.4M | ||
| Q4 24 | $9.7M | $374.9M | ||
| Q3 24 | $11.0M | $375.4M | ||
| Q2 24 | $10.8M | $416.3M | ||
| Q1 24 | $11.4M | $461.2M |
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 | $-482.0K | $-25.7M |
| Free Cash FlowOCF − Capex | — | $-25.7M |
| FCF MarginFCF / Revenue | — | -2872.8% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-90.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-25.7M | ||
| Q3 25 | $-482.0K | $-27.7M | ||
| Q2 25 | — | $-20.0M | ||
| Q1 25 | $-984.0K | $-15.8M | ||
| Q4 24 | $-830.0K | $-30.7M | ||
| Q3 24 | $-198.0K | $-36.9M | ||
| Q2 24 | $-677.0K | $-44.5M | ||
| Q1 24 | $-353.0K | $-50.0M |
| Q4 25 | — | $-25.7M | ||
| Q3 25 | — | $-27.8M | ||
| Q2 25 | — | $-21.3M | ||
| Q1 25 | $-1.0M | $-15.8M | ||
| Q4 24 | — | $-32.4M | ||
| Q3 24 | — | $-36.9M | ||
| Q2 24 | — | $-45.0M | ||
| Q1 24 | — | $-50.6M |
| Q4 25 | — | -2872.8% | ||
| Q3 25 | — | -5103.9% | ||
| Q2 25 | — | -1990.1% | ||
| Q1 25 | -61.8% | -2146.5% | ||
| Q4 24 | — | -2432.4% | ||
| Q3 24 | — | -5506.6% | ||
| Q2 24 | — | -8372.9% | ||
| Q1 24 | — | -14064.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 0.0% | 16.9% | ||
| Q2 25 | — | 117.6% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | — | 127.3% | ||
| Q3 24 | 0.0% | 8.8% | ||
| Q2 24 | — | 93.7% | ||
| Q1 24 | — | 186.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNET
| Online Advertising Placement | $1.6M | 95% |
| Other | $83.0K | 5% |
IE
Segment breakdown not available.
