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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Belpointe PREP, LLC (OZ). Click either name above to swap in a different company.
Belpointe PREP, LLC is the larger business by last-quarter revenue ($3.1M vs $1.7M, roughly 1.8× ZW Data Action Technologies Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -380.8%, a 374.6% gap on every dollar of revenue. On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs -47.0%). Over the past eight quarters, Belpointe PREP, LLC's revenue compounded faster (201.5% 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.
CNET vs OZ — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $3.1M |
| Net Profit | $-108.0K | $-11.7M |
| Gross Margin | 5.7% | — |
| Operating Margin | -8.9% | — |
| Net Margin | -6.3% | -380.8% |
| Revenue YoY | -47.0% | 180.1% |
| Net Profit YoY | 94.4% | -41.8% |
| EPS (diluted) | — | $-3.10 |
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 | — | $3.1M | ||
| Q3 25 | $1.7M | $2.4M | ||
| Q2 25 | — | $2.0M | ||
| Q1 25 | $1.7M | $1.7M | ||
| Q4 24 | $2.2M | $1.1M | ||
| Q3 24 | $3.2M | $860.0K | ||
| Q2 24 | $6.4M | $384.0K | ||
| Q1 24 | $3.5M | $337.0K |
| Q4 25 | — | $-11.7M | ||
| Q3 25 | $-108.0K | $-12.1M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | $-531.0K | $-8.6M | ||
| Q4 24 | $-781.0K | $-8.2M | ||
| Q3 24 | $-1.9M | $-6.9M | ||
| Q2 24 | $-216.0K | $-4.7M | ||
| Q1 24 | $-850.0K | $-4.0M |
| Q4 25 | — | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | -8.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -35.0% | — | ||
| Q4 24 | -24.1% | — | ||
| Q3 24 | -61.5% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.1% | — |
| Q4 25 | — | -380.8% | ||
| Q3 25 | -6.3% | -509.3% | ||
| Q2 25 | — | -381.0% | ||
| Q1 25 | -32.1% | -495.6% | ||
| Q4 24 | -34.7% | -752.0% | ||
| Q3 24 | -59.1% | -805.6% | ||
| Q2 24 | -3.4% | -1229.2% | ||
| Q1 24 | -24.1% | -1181.3% |
| Q4 25 | — | $-3.10 | ||
| Q3 25 | — | $-3.21 | ||
| Q2 25 | — | $-2.06 | ||
| Q1 25 | — | $-2.35 | ||
| Q4 24 | — | $-2.26 | ||
| Q3 24 | — | $-1.90 | ||
| Q2 24 | — | $-1.30 | ||
| Q1 24 | — | $-1.10 |
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 | $24.3M |
| Total DebtLower is stronger | — | $260.6M |
| Stockholders' EquityBook value | $3.3M | — |
| Total Assets | $9.7M | $564.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | $1.8M | $29.6M | ||
| Q2 25 | — | $25.0M | ||
| Q1 25 | $807.0K | $23.0M | ||
| Q4 24 | $812.0K | $24.7M | ||
| Q3 24 | $1.1M | $24.0M | ||
| Q2 24 | $510.0K | $24.7M | ||
| Q1 24 | $467.0K | $29.2M |
| Q4 25 | — | $260.6M | ||
| Q3 25 | — | $251.4M | ||
| Q2 25 | — | $228.4M | ||
| Q1 25 | — | $203.3M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $144.1M | ||
| Q2 24 | — | $119.9M | ||
| Q1 24 | — | $86.9M |
| Q4 25 | — | — | ||
| Q3 25 | $3.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.1M | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $4.8M | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $5.4M | — |
| Q4 25 | — | $564.2M | ||
| Q3 25 | $9.7M | $570.8M | ||
| Q2 25 | — | $556.8M | ||
| Q1 25 | $9.5M | $537.4M | ||
| Q4 24 | $9.7M | $517.6M | ||
| Q3 24 | $11.0M | $495.7M | ||
| Q2 24 | $10.8M | $476.2M | ||
| Q1 24 | $11.4M | $450.9M |
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 | $-25.2M |
| 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 | — | $-25.2M | ||
| Q3 25 | $-482.0K | $-6.0M | ||
| Q2 25 | — | $-2.4M | ||
| Q1 25 | $-984.0K | $-6.6M | ||
| Q4 24 | $-830.0K | $-13.7M | ||
| Q3 24 | $-198.0K | $-3.3M | ||
| Q2 24 | $-677.0K | $1.2M | ||
| Q1 24 | $-353.0K | $-6.6M |
| 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% |
OZ
Segment breakdown not available.
