vs
Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and TScan Therapeutics, Inc. (TCRX). Click either name above to swap in a different company.
TScan Therapeutics, Inc. is the larger business by last-quarter revenue ($2.6M vs $1.7M, roughly 1.5× ZW Data Action Technologies Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -895.1%, a 888.8% gap on every dollar of revenue. On growth, TScan Therapeutics, Inc. posted the faster year-over-year revenue change (286.0% vs -47.0%). Over the past eight quarters, TScan Therapeutics, Inc.'s revenue compounded faster (-9.7% 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.
TScan Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel T cell receptor (TCR) immunotherapies for hard-to-treat cancers. Its proprietary platform identifies high-affinity naturally occurring TCRs targeting tumor antigens, with pipeline candidates spanning hematological malignancies and solid tumors, operating in the global oncology therapeutics market.
CNET vs TCRX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $2.6M |
| Net Profit | $-108.0K | $-23.0M |
| Gross Margin | 5.7% | — |
| Operating Margin | -8.9% | -929.4% |
| Net Margin | -6.3% | -895.1% |
| Revenue YoY | -47.0% | 286.0% |
| Net Profit YoY | 94.4% | 35.8% |
| EPS (diluted) | — | $-0.18 |
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 | — | $2.6M | ||
| Q3 25 | $1.7M | $2.5M | ||
| Q2 25 | — | $3.1M | ||
| Q1 25 | $1.7M | $2.2M | ||
| Q4 24 | $2.2M | — | ||
| Q3 24 | $3.2M | $1.0M | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | — | $-23.0M | ||
| Q3 25 | $-108.0K | $-35.7M | ||
| Q2 25 | — | $-37.0M | ||
| Q1 25 | $-531.0K | $-34.1M | ||
| Q4 24 | $-781.0K | — | ||
| Q3 24 | $-1.9M | $-29.9M | ||
| Q2 24 | $-216.0K | — | ||
| Q1 24 | $-850.0K | — |
| 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 | — | -929.4% | ||
| Q3 25 | -8.9% | -1475.6% | ||
| Q2 25 | — | -1256.6% | ||
| Q1 25 | -35.0% | -1669.7% | ||
| Q4 24 | -24.1% | — | ||
| Q3 24 | -61.5% | -3109.8% | ||
| Q2 24 | -4.7% | — | ||
| Q1 24 | -26.1% | — |
| Q4 25 | — | -895.1% | ||
| Q3 25 | -6.3% | -1422.1% | ||
| Q2 25 | — | -1201.3% | ||
| Q1 25 | -32.1% | -1571.9% | ||
| Q4 24 | -34.7% | — | ||
| Q3 24 | -59.1% | -2849.1% | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -24.1% | — |
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.28 | ||
| Q2 25 | — | $-0.28 | ||
| Q1 25 | — | $-0.26 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.25 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $152.4M |
| Total DebtLower is stronger | — | $32.5M |
| Stockholders' EquityBook value | $3.3M | $123.1M |
| Total Assets | $9.7M | $228.8M |
| Debt / EquityLower = less leverage | — | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $152.4M | ||
| Q3 25 | $1.8M | $184.5M | ||
| Q2 25 | — | $218.0M | ||
| Q1 25 | $807.0K | $251.7M | ||
| Q4 24 | $812.0K | — | ||
| Q3 24 | $1.1M | $271.1M | ||
| Q2 24 | $510.0K | — | ||
| Q1 24 | $467.0K | — |
| Q4 25 | — | $32.5M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $32.3M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $30.6M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $123.1M | ||
| Q3 25 | $3.3M | $144.0M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | $3.1M | $210.2M | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $4.8M | $229.1M | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $5.4M | — |
| Q4 25 | — | $228.8M | ||
| Q3 25 | $9.7M | $262.2M | ||
| Q2 25 | — | $298.6M | ||
| Q1 25 | $9.5M | $332.7M | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | $11.0M | $348.0M | ||
| Q2 24 | $10.8M | — | ||
| Q1 24 | $11.4M | — |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-32.0M |
| Free Cash FlowOCF − Capex | — | $-32.2M |
| FCF MarginFCF / Revenue | — | -1253.3% |
| Capex IntensityCapex / Revenue | 0.0% | 6.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-139.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-32.0M | ||
| Q3 25 | $-482.0K | $-32.5M | ||
| Q2 25 | — | $-33.3M | ||
| Q1 25 | $-984.0K | $-37.6M | ||
| Q4 24 | $-830.0K | — | ||
| Q3 24 | $-198.0K | $-27.9M | ||
| Q2 24 | $-677.0K | — | ||
| Q1 24 | $-353.0K | — |
| Q4 25 | — | $-32.2M | ||
| Q3 25 | — | $-33.9M | ||
| Q2 25 | — | $-34.5M | ||
| Q1 25 | $-1.0M | $-39.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-29.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -1253.3% | ||
| Q3 25 | — | -1349.6% | ||
| Q2 25 | — | -1123.1% | ||
| Q1 25 | -61.8% | -1801.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2792.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 6.7% | ||
| Q3 25 | 0.0% | 56.8% | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | 2.2% | 70.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | 130.6% | ||
| 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% |
TCRX
Segment breakdown not available.
