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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Instil Bio, Inc. (TIL). Click either name above to swap in a different company.

Instil Bio, Inc. is the larger business by last-quarter revenue ($2.2M vs $1.7M, roughly 1.3× ZW Data Action Technologies Inc.). ZW Data Action Technologies Inc. runs the higher net margin — -6.3% vs -365.3%, a 359.1% gap on every dollar of revenue. On growth, Instil Bio, Inc. posted the faster year-over-year revenue change (-19.2% vs -47.0%).

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.

Instil Bio Inc. is a clinical-stage biotechnology company focused on developing innovative tumor-infiltrating lymphocyte (TIL) therapies for patients with difficult-to-treat advanced solid tumors. It operates in the immuno-oncology segment, serving patient populations that show limited response to existing standard cancer treatment options.

CNET vs TIL — Head-to-Head

Bigger by revenue
TIL
TIL
1.3× larger
TIL
$2.2M
$1.7M
CNET
Growing faster (revenue YoY)
TIL
TIL
+27.8% gap
TIL
-19.2%
-47.0%
CNET
Higher net margin
CNET
CNET
359.1% more per $
CNET
-6.3%
-365.3%
TIL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CNET
CNET
TIL
TIL
Revenue
$1.7M
$2.2M
Net Profit
$-108.0K
$-8.2M
Gross Margin
5.7%
Operating Margin
-8.9%
-426.3%
Net Margin
-6.3%
-365.3%
Revenue YoY
-47.0%
-19.2%
Net Profit YoY
94.4%
31.1%
EPS (diluted)
$-1.13

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.

Revenue
CNET
CNET
TIL
TIL
Q4 25
$2.2M
Q3 25
$1.7M
$2.2M
Q2 25
$2.2M
Q1 25
$1.7M
$2.2M
Q4 24
$2.2M
$2.8M
Q3 24
$3.2M
$1.5M
Q2 24
$6.4M
$0
Q1 24
$3.5M
$0
Net Profit
CNET
CNET
TIL
TIL
Q4 25
$-8.2M
Q3 25
$-108.0K
$-13.6M
Q2 25
$-21.4M
Q1 25
$-531.0K
$-28.2M
Q4 24
$-781.0K
$-11.9M
Q3 24
$-1.9M
$-23.0M
Q2 24
$-216.0K
$-14.9M
Q1 24
$-850.0K
$-24.3M
Gross Margin
CNET
CNET
TIL
TIL
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%
Operating Margin
CNET
CNET
TIL
TIL
Q4 25
-426.3%
Q3 25
-8.9%
-670.0%
Q2 25
-1045.5%
Q1 25
-35.0%
-1363.2%
Q4 24
-24.1%
-426.1%
Q3 24
-61.5%
-1582.8%
Q2 24
-4.7%
Q1 24
-26.1%
Net Margin
CNET
CNET
TIL
TIL
Q4 25
-365.3%
Q3 25
-6.3%
-606.0%
Q2 25
-954.2%
Q1 25
-32.1%
-1257.8%
Q4 24
-34.7%
-428.8%
Q3 24
-59.1%
-1541.9%
Q2 24
-3.4%
Q1 24
-24.1%
EPS (diluted)
CNET
CNET
TIL
TIL
Q4 25
$-1.13
Q3 25
$-2.01
Q2 25
$-3.24
Q1 25
$-4.32
Q4 24
$-1.82
Q3 24
$-3.54
Q2 24
$-2.29
Q1 24
$-3.74

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNET
CNET
TIL
TIL
Cash + ST InvestmentsLiquidity on hand
$1.8M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3M
$113.9M
Total Assets
$9.7M
$203.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNET
CNET
TIL
TIL
Q4 25
$6.6M
Q3 25
$1.8M
$5.8M
Q2 25
$7.7M
Q1 25
$807.0K
$15.4M
Q4 24
$812.0K
$8.8M
Q3 24
$1.1M
$6.7M
Q2 24
$510.0K
$6.8M
Q1 24
$467.0K
$5.5M
Stockholders' Equity
CNET
CNET
TIL
TIL
Q4 25
$113.9M
Q3 25
$3.3M
$120.4M
Q2 25
$131.7M
Q1 25
$3.1M
$144.9M
Q4 24
$3.7M
$169.4M
Q3 24
$4.8M
$176.3M
Q2 24
$5.2M
$195.0M
Q1 24
$5.4M
$205.8M
Total Assets
CNET
CNET
TIL
TIL
Q4 25
$203.5M
Q3 25
$9.7M
$211.8M
Q2 25
$231.0M
Q1 25
$9.5M
$237.4M
Q4 24
$9.7M
$263.6M
Q3 24
$11.0M
$272.6M
Q2 24
$10.8M
$294.3M
Q1 24
$11.4M
$306.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNET
CNET
TIL
TIL
Operating Cash FlowLast quarter
$-482.0K
$-7.1M
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.

Operating Cash Flow
CNET
CNET
TIL
TIL
Q4 25
$-7.1M
Q3 25
$-482.0K
$-10.6M
Q2 25
$-14.8M
Q1 25
$-984.0K
$-4.2M
Q4 24
$-830.0K
$-10.6M
Q3 24
$-198.0K
$-20.1M
Q2 24
$-677.0K
$-10.6M
Q1 24
$-353.0K
$-14.4M
Free Cash Flow
CNET
CNET
TIL
TIL
Q4 25
Q3 25
Q2 25
Q1 25
$-1.0M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CNET
CNET
TIL
TIL
Q4 25
Q3 25
Q2 25
Q1 25
-61.8%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CNET
CNET
TIL
TIL
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
2.2%
Q4 24
0.0%
Q3 24
0.0%
0.0%
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNET
CNET

Online Advertising Placement$1.6M95%
Other$83.0K5%

TIL
TIL

Segment breakdown not available.

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