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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Q32 Bio Inc. (QTTB). Click either name above to swap in a different company.
Q32 Bio Inc. is the larger business by last-quarter revenue ($1.9M vs $1.7M, roughly 1.1× ZW Data Action Technologies Inc.). Q32 Bio Inc. runs the higher net margin — 2991.2% vs -6.3%, a 2997.5% gap on every dollar of revenue.
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.
Q32 Bio Inc. is a clinical-stage biotechnology company focused on developing targeted antibody-based immunotherapies for autoimmune disorders, inflammatory conditions and rare immunological diseases with unmet medical needs, operating primarily across North America and European markets.
CNET vs QTTB — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $1.9M |
| Net Profit | $-108.0K | $57.7M |
| Gross Margin | 5.7% | — |
| Operating Margin | -8.9% | — |
| Net Margin | -6.3% | 2991.2% |
| Revenue YoY | -47.0% | — |
| Net Profit YoY | 94.4% | 506.9% |
| EPS (diluted) | — | $4.70 |
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 | $1.7M | $-220.0K | ||
| Q2 25 | — | $-284.0K | ||
| Q1 25 | $1.7M | $-371.0K | ||
| Q4 24 | $2.2M | $0 | ||
| Q3 24 | $3.2M | $0 | ||
| Q2 24 | $6.4M | $0 | ||
| Q1 24 | $3.5M | $0 |
| Q4 25 | — | $57.7M | ||
| Q3 25 | $-108.0K | $-7.4M | ||
| Q2 25 | — | $-9.5M | ||
| Q1 25 | $-531.0K | $-11.0M | ||
| Q4 24 | $-781.0K | $-14.2M | ||
| Q3 24 | $-1.9M | $-17.6M | ||
| Q2 24 | $-216.0K | $-17.0M | ||
| Q1 24 | $-850.0K | $1.0M |
| 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% | 3444.1% | ||
| Q2 25 | — | 3229.2% | ||
| Q1 25 | -35.0% | 3296.0% | ||
| Q4 24 | -24.1% | — | ||
| Q3 24 | -61.5% | — | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.1% | — |
| Q4 25 | — | 2991.2% | ||
| Q3 25 | -6.3% | 3358.6% | ||
| Q2 25 | — | 3341.2% | ||
| Q1 25 | -32.1% | 2973.3% | ||
| Q4 24 | -34.7% | — | ||
| Q3 24 | -59.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -24.1% | — |
| Q4 25 | — | $4.70 | ||
| Q3 25 | — | $-0.60 | ||
| Q2 25 | — | $-0.78 | ||
| Q1 25 | — | $-0.90 | ||
| Q4 24 | — | $2.63 | ||
| Q3 24 | — | $-1.46 | ||
| Q2 24 | — | $-1.42 | ||
| Q1 24 | — | $-6.33 |
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 | $48.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $42.0M |
| Total Assets | $9.7M | $61.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.3M | ||
| Q3 25 | $1.8M | $49.0M | ||
| Q2 25 | — | $54.8M | ||
| Q1 25 | $807.0K | $65.5M | ||
| Q4 24 | $812.0K | $78.0M | ||
| Q3 24 | $1.1M | $89.1M | ||
| Q2 24 | $510.0K | $97.7M | ||
| Q1 24 | $467.0K | $115.5M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | $3.3M | $-18.4M | ||
| Q2 25 | — | $-12.2M | ||
| Q1 25 | $3.1M | $-4.0M | ||
| Q4 24 | $3.7M | $5.7M | ||
| Q3 24 | $4.8M | $18.3M | ||
| Q2 24 | $5.2M | $33.5M | ||
| Q1 24 | $5.4M | $48.8M |
| Q4 25 | — | $61.8M | ||
| Q3 25 | $9.7M | $57.8M | ||
| Q2 25 | — | $66.1M | ||
| Q1 25 | $9.5M | $79.1M | ||
| Q4 24 | $9.7M | $92.3M | ||
| Q3 24 | $11.0M | $104.5M | ||
| Q2 24 | $10.8M | $124.2M | ||
| Q1 24 | $11.4M | $152.3M |
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 | $-6.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-6.2M | ||
| Q3 25 | $-482.0K | $-4.2M | ||
| Q2 25 | — | $-10.7M | ||
| Q1 25 | $-984.0K | $-12.5M | ||
| Q4 24 | $-830.0K | $-11.4M | ||
| Q3 24 | $-198.0K | $-19.5M | ||
| Q2 24 | $-677.0K | $-22.2M | ||
| Q1 24 | $-353.0K | $-14.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | — | $-19.6M | ||
| Q2 24 | — | $-22.2M | ||
| 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% | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -14.14× |
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% |
QTTB
Segment breakdown not available.
