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Side-by-side financial comparison of ZW Data Action Technologies Inc. (CNET) and Expion360 Inc. (XPON). Click either name above to swap in a different company.
Expion360 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 -199.9%, a 193.6% gap on every dollar of revenue. On growth, Expion360 Inc. posted the faster year-over-year revenue change (11.8% vs -47.0%). Over the past eight quarters, Expion360 Inc.'s revenue compounded faster (51.1% 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.
Expion360 Inc. is a provider of high-performance lithium iron phosphate (LFP) battery solutions and supporting energy storage products. Its core customer segments cover recreational vehicle owners, marine users, off-grid lifestyle enthusiasts and residential users across the U.S. market, delivering safe, durable and low-carbon energy storage options.
CNET vs XPON — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7M | $2.2M |
| Net Profit | $-108.0K | $-4.4M |
| Gross Margin | 5.7% | -14.8% |
| Operating Margin | -8.9% | -234.4% |
| Net Margin | -6.3% | -199.9% |
| Revenue YoY | -47.0% | 11.8% |
| Net Profit YoY | 94.4% | -1663.2% |
| EPS (diluted) | — | $-0.45 |
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 | — | $2.2M | ||
| Q3 25 | $1.7M | $2.4M | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | $1.7M | $2.0M | ||
| Q4 24 | $2.2M | $2.0M | ||
| Q3 24 | $3.2M | $1.4M | ||
| Q2 24 | $6.4M | $1.3M | ||
| Q1 24 | $3.5M | $971.9K |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-108.0K | $722.8K | ||
| Q2 25 | — | $-1.4M | ||
| Q1 25 | $-531.0K | $-1.2M | ||
| Q4 24 | $-781.0K | $-251.6K | ||
| Q3 24 | $-1.9M | $-8.8M | ||
| Q2 24 | $-216.0K | $-2.2M | ||
| Q1 24 | $-850.0K | $-2.2M |
| Q4 25 | — | -14.8% | ||
| Q3 25 | 5.7% | 22.7% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | 9.7% | 24.5% | ||
| Q4 24 | -0.4% | 22.1% | ||
| Q3 24 | 1.7% | 12.1% | ||
| Q2 24 | 5.1% | 25.5% | ||
| Q1 24 | 2.0% | 22.9% |
| Q4 25 | — | -234.4% | ||
| Q3 25 | -8.9% | -125.4% | ||
| Q2 25 | — | -45.2% | ||
| Q1 25 | -35.0% | -56.0% | ||
| Q4 24 | -24.1% | -59.5% | ||
| Q3 24 | -61.5% | -138.7% | ||
| Q2 24 | -4.7% | -131.4% | ||
| Q1 24 | -26.1% | -202.4% |
| Q4 25 | — | -199.9% | ||
| Q3 25 | -6.3% | 30.2% | ||
| Q2 25 | — | -45.8% | ||
| Q1 25 | -32.1% | -56.2% | ||
| Q4 24 | -34.7% | -12.7% | ||
| Q3 24 | -59.1% | -634.4% | ||
| Q2 24 | -3.4% | -173.7% | ||
| Q1 24 | -24.1% | -225.6% |
| Q4 25 | — | $-0.45 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.37 | ||
| Q4 24 | — | $65.02 | ||
| Q3 24 | — | $-24.55 | ||
| Q2 24 | — | $-30.20 | ||
| Q1 24 | — | $-31.30 |
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 | $3.0M |
| Total DebtLower is stronger | — | $197.2K |
| Stockholders' EquityBook value | $3.3M | $6.5M |
| Total Assets | $9.7M | $8.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0M | ||
| Q3 25 | $1.8M | $4.3M | ||
| Q2 25 | — | $684.9K | ||
| Q1 25 | $807.0K | $1.1M | ||
| Q4 24 | $812.0K | $547.6K | ||
| Q3 24 | $1.1M | $3.3M | ||
| Q2 24 | $510.0K | $902.3K | ||
| Q1 24 | $467.0K | $2.3M |
| Q4 25 | — | $197.2K | ||
| Q3 25 | — | $205.6K | ||
| Q2 25 | — | $213.6K | ||
| Q1 25 | — | $221.8K | ||
| Q4 24 | — | $230.2K | ||
| Q3 24 | — | $239.9K | ||
| Q2 24 | — | $247.7K | ||
| Q1 24 | — | $255.4K |
| Q4 25 | — | $6.5M | ||
| Q3 25 | $3.3M | $9.0M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | $3.1M | $3.2M | ||
| Q4 24 | $3.7M | $2.5M | ||
| Q3 24 | $4.8M | $2.5M | ||
| Q2 24 | $5.2M | $2.5M | ||
| Q1 24 | $5.4M | $3.7M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | $9.7M | $10.7M | ||
| Q2 25 | — | $8.6M | ||
| Q1 25 | $9.5M | $9.2M | ||
| Q4 24 | $9.7M | $9.1M | ||
| Q3 24 | $11.0M | $10.1M | ||
| Q2 24 | $10.8M | $8.8M | ||
| Q1 24 | $11.4M | $10.0M |
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.07× |
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 | $-2.4M |
| 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 | — | $-2.4M | ||
| Q3 25 | $-482.0K | $-2.1M | ||
| Q2 25 | — | $-401.0K | ||
| Q1 25 | $-984.0K | $-1.2M | ||
| Q4 24 | $-830.0K | $-2.9M | ||
| Q3 24 | $-198.0K | $-3.2M | ||
| Q2 24 | $-677.0K | $-1.7M | ||
| Q1 24 | $-353.0K | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-1.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -61.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -173.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.90× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
XPON
Segment breakdown not available.
