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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Onfolio Holdings, Inc (ONFO). Click either name above to swap in a different company.
Onfolio Holdings, Inc is the larger business by last-quarter revenue ($2.0M vs $1.7M, roughly 1.2× ZW Data Action Technologies Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -27.0%, a 20.7% gap on every dollar of revenue. On growth, Onfolio Holdings, Inc posted the faster year-over-year revenue change (-20.1% vs -47.0%). Over the past eight quarters, Onfolio Holdings, Inc's revenue compounded faster (13.0% 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.
Onfolio Holdings Inc. acquires, manages and grows a diversified portfolio of small to medium-sized online businesses, including niche content sites, e-commerce stores, and SaaS tools. It operates primarily in North America and Western Europe, focusing on high-margin, sustainable digital assets with stable revenue streams.
CNET vs ONFO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $2.0M |
| Net Profit | $-108.0K | $-547.1K |
| Gross Margin | 5.7% | 50.0% |
| Operating Margin | -8.9% | -59.1% |
| Net Margin | -6.3% | -27.0% |
| Revenue YoY | -47.0% | -20.1% |
| Net Profit YoY | 94.4% | -69.0% |
| EPS (diluted) | — | $-0.37 |
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 | — | $2.0M | ||
| Q3 25 | $1.7M | $2.7M | ||
| Q2 25 | — | $3.1M | ||
| Q1 25 | $1.7M | $2.8M | ||
| Q4 24 | $2.2M | $2.5M | ||
| Q3 24 | $3.2M | $2.0M | ||
| Q2 24 | $6.4M | $1.7M | ||
| Q1 24 | $3.5M | $1.6M |
| Q4 25 | — | $-547.1K | ||
| Q3 25 | $-108.0K | $-700.7K | ||
| Q2 25 | — | $-534.4K | ||
| Q1 25 | $-531.0K | $-806.4K | ||
| Q4 24 | $-781.0K | $-323.8K | ||
| Q3 24 | $-1.9M | $-335.6K | ||
| Q2 24 | $-216.0K | $-629.0K | ||
| Q1 24 | $-850.0K | $-477.8K |
| Q4 25 | — | 50.0% | ||
| Q3 25 | 5.7% | 64.6% | ||
| Q2 25 | — | 61.6% | ||
| Q1 25 | 9.7% | 60.7% | ||
| Q4 24 | -0.4% | 53.6% | ||
| Q3 24 | 1.7% | 59.9% | ||
| Q2 24 | 5.1% | 56.5% | ||
| Q1 24 | 2.0% | 63.3% |
| Q4 25 | — | -59.1% | ||
| Q3 25 | -8.9% | -9.8% | ||
| Q2 25 | — | -16.1% | ||
| Q1 25 | -35.0% | -27.9% | ||
| Q4 24 | -24.1% | -43.9% | ||
| Q3 24 | -61.5% | -16.5% | ||
| Q2 24 | -4.7% | -35.1% | ||
| Q1 24 | -26.1% | -28.7% |
| Q4 25 | — | -27.0% | ||
| Q3 25 | -6.3% | -25.6% | ||
| Q2 25 | — | -17.0% | ||
| Q1 25 | -32.1% | -28.7% | ||
| Q4 24 | -34.7% | -12.8% | ||
| Q3 24 | -59.1% | -16.7% | ||
| Q2 24 | -3.4% | -36.4% | ||
| Q1 24 | -24.1% | -30.1% |
| Q4 25 | — | $-0.37 | ||
| Q3 25 | — | $-0.16 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.36 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $-0.11 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $2.5M |
| Total Assets | $9.7M | $11.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $1.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $807.0K | — | ||
| Q4 24 | $812.0K | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $510.0K | — | ||
| Q1 24 | $467.0K | $529.8K |
| Q4 25 | — | $2.5M | ||
| Q3 25 | $3.3M | $2.2M | ||
| Q2 25 | — | $3.1M | ||
| Q1 25 | $3.1M | $3.6M | ||
| Q4 24 | $3.7M | $3.3M | ||
| Q3 24 | $4.8M | $3.9M | ||
| Q2 24 | $5.2M | $4.5M | ||
| Q1 24 | $5.4M | $5.2M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $9.7M | $8.3M | ||
| Q2 25 | — | $8.8M | ||
| Q1 25 | $9.5M | $9.4M | ||
| Q4 24 | $9.7M | $9.6M | ||
| Q3 24 | $11.0M | $8.6M | ||
| Q2 24 | $10.8M | $8.9M | ||
| Q1 24 | $11.4M | $8.7M |
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 | $-397.3K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-397.3K | ||
| Q3 25 | $-482.0K | $34.2K | ||
| Q2 25 | — | $-430.1K | ||
| Q1 25 | $-984.0K | $-145.0K | ||
| Q4 24 | $-830.0K | $-471.6K | ||
| Q3 24 | $-198.0K | $67.0K | ||
| Q2 24 | $-677.0K | $-332.7K | ||
| Q1 24 | $-353.0K | $-431.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| 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
CNET
| Online Advertising Placement | $1.6M | 95% |
| Other | $83.0K | 5% |
ONFO
| B Two B | $1.6M | 81% |
| B Two C | $243.0K | 12% |
| Other | $138.6K | 7% |
