Security
The9 Limited American Depository Shares · NCTY
NCTYNASDAQotherCurrentCIK 1296774Updated Oct 6, 2026
NCTY price & chart
Loading TradingView…
NASDAQ:NCTY on TradingView ↗About the company
The9 Limited (Nasdaq: NCTY) is a global, diversified high-tech company redefining how games are created, played and monetized. Founded in 1999 and listed on Nasdaq in 2004, The9 brings more than two decades of gaming experience to its flagship platform, the9bit, an AI-powered digital asset ecosystem built around AI game creation and the $9BIT token economy. Participants can play games, create content, earn rewards and share in the ecosystem’s growth. Beyond the9bit, The9 continues to explore emerging opportunities across AI-enabled industries and the broader digital ecosystem, including its equity interest in AI-driven drug discovery company NYB, as it builds a multi-engine business at the intersection of AI and the new economy.
In the news
The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially ↗
Seeking Alpha
The9 Limited reports Q2 results ↗
Earnings Week Ahead: NVDA, MRVL, ZM, XPEV, and more ↗
Nanyang Biologics advances $1.5B Nasdaq listing plan ↗
SEC disclosures
The9 LTD IPO declared effective by SEC ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 84,904,000Source | 87,220,000Source | 51,229,597Source | 86,862,304Source |
| Property, Plant and Equipment, NetUSD | 6,232,000Source | 2,267,000Source | 13,286,005Source | 20,710,961Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 8,364,000Source | 1,495,000Source | 6,369,320Source | 8,418,450Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 7,897Source | 21,956Source |
| Assets, CurrentUSD | 48,968,000Source | 33,385,000Source | 31,380,143Source | 57,657,357Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | 3,568,000Source | 10,051,789Source | 39,506,985Source |
| Operating Lease, Right-of-Use AssetUSD | 1,693,000Source | 587,000Source | 967,453Source | 1,748,782Source |
| Other Assets, NoncurrentUSD | 175,000Source | 5,625,000Source | 285,985Source | 1,627,563Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 50,221,000Source | 28,651,000Source | 25,688,806Source | 82,869,618Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -691,061,000Source | -606,936,000Source | -613,640,507Source | -634,796,906Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,705,000Source | -1,629,000Source | -1,653,856Source | -1,816,323Source |
| Stockholders' Equity Attributable to ParentUSD | 27,296,000Source | 46,395,000Source | 29,052,965Source | 6,569,217Source |
| Additional Paid in Capital, Common StockUSD | 672,984,000Source | 617,929,000Source | 629,749,137Source | 633,768,513Source |
| Liabilities and EquityUSD | 84,904,000Source | 87,220,000Source | 51,229,597Source | 86,862,304Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 49,103,000Source | 28,168,000Source | 22,937,477Source | 81,795,877Source |
| Operating Lease, Liability, CurrentUSD | 599,000Source | 389,000Source | 615,908Source | 839,896Source |
| Accounts Payable, CurrentUSD | — | 758,000Source | 1,352,181Source | 24,060,101Source |
| Operating Lease, Liability, NoncurrentUSD | 1,118,000Source | 220,000Source | 392,690Source | 1,073,741Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -3,009,000Source | -1,887,000Source | -3,512,174Source | -2,576,531Source |
| Additional Financial Items | ||||
| Redeemable Noncontrolling Interest, Equity, Carrying AmountCNY | — | — | 0Source | 0Source |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying AmountUSD | 10,396,000Source | 14,061,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -58,474,000Source | -10,089,000Source | 1,771,346Source | -142,013,027Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 16,595,000Source | 6,120,000Source | 9,966,309Source | 29,337,358Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,569,000Source | 7,000Source | -13,432Source | -511,925Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -4,540,000Source | -6,057,000Source | -6,524,044Source | -22,435,506Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 159,000Source | -7,811,000Source | 666,492Source | -36,070,512Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 11,221,000Source | 9,560,000Source | 4,535,537Source | 4,788,275Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 6,804,000Source | -4,700,000Source | -1,808,786Source | -53,696,723Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 8,364,000Source | 1,495,000Source | 6,369,320Source | 8,418,450Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 205,000Source | 214,000Source | 779,304Source | — |
| Income Taxes Paid, NetUSD | 19,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 373,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | 220,000Source | — | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | 22,367,821Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | -275,524Source | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 5,953,000Source | 0Source | 0Source | 2,501,380Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | -1,000Source | 234,657Source | 103,218Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 427,000Source | -98,000Source | -959,944Source | -913,598Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 427,000Source | -98,000Source | -959,944Source | -913,598Source |
| Gain (Loss) on InvestmentsUSD | 0Source | -1,055Source | 234,657Source | 103,218Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 200,000Source | — | 7,000,000Source | 1,300,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 172,000Source | — | — | — |
| General and Administrative ExpenseUSD | 29,431,000Source | 21,623,000Source | 28,602,450Source | 54,569,931Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -58,474,000Source | -10,089,000Source | -20,320,951Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 22,092,297Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -82,000Source | -154,000Source | 0Source | — |
| Income Tax Expense (Benefit)USD | 16,000Source | 0Source | 0Source | — |
| InterestExpenseNonoperatingUSD | 3,327,000Source | 4,689,000Source | — | — |
| Investment Income, InterestUSD | 64,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | -10,059,000Source | 2,817,450Source | -141,341,275Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -925,000Source | -30,000Source | -1,046,104Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -57,549,000Source | -10,059,000Source | 2,817,450Source | -141,341,275Source |
| Operating ExpensesUSD | 40,456,000Source | 7,831,000Source | 40,127,875Source | 129,889,009Source |
| Operating Lease, ExpenseUSD | 644,000Source | 601,000Source | 700,716Source | 741,184Source |
| Other Nonoperating Income (Expense)USD | 316,000Source | -696,000Source | 1,172,464Source | 1,451,160Source |
| Proceeds from Contributed CapitalUSD | — | 151,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 4,505,000Source | — | — | — |
| Proceeds from Noncontrolling InterestsUSD | 164,000Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 15,429,000Source | 15,305,000Source | 25,218,535Source | 17,237,122Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 15,429,000Source | 15,305,000Source | 25,218,535Source | 17,237,122Source |
| Cost of RevenueUSD | 15,170,000Source | 15,524,000Source | 29,845,215Source | 26,767,908Source |
| Operating Income (Loss)USD | -40,197,000Source | -8,050,000Source | -44,754,555Source | -139,419,795Source |
| Other Nonoperating Income (Expense)USD | 316,000Source | -696,000Source | 1,172,464Source | 1,451,160Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -58,458,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 16,000Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -925,000Source | -30,000Source | -1,046,104Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | -10,059,000Source | 2,817,450Source | -141,341,275Source |
| Earnings Per Share, BasicUSD per share | -0.03Source | -0.01Source | — | -0.2Source |
| Earnings Per Share, DilutedUSD per share | -0.03Source | -0.01Source | — | -0.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 2,273,782,000Source | 1,403,166Source | 1,010,895,182Source | 720,237,128Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 2,273,782,000Source | 1,403,166Source | 1,010,895,182Source | 720,237,128Source |
| Interest Expense (non-operating)USD | 3,327,000Source | 4,689,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 220,000Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 12,234,792Source | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of TaxUSD | — | — | -275,524Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 427,000Source | -98,000Source | -959,944Source | -913,598Source |
| Gain (Loss) on InvestmentsUSD | 0Source | -1,055Source | 234,657Source | 103,218Source |
| General and Administrative ExpenseUSD | 29,431,000Source | 21,623,000Source | 28,602,450Source | 54,569,931Source |
| Gross ProfitUSD | 259,000Source | -219,000Source | -4,626,680Source | -9,530,786Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | -141,341,275Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -9,703,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -58,474,000Source | -10,089,000Source | -20,320,951Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.03Source | -0.01Source | -0.02Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.03Source | -0.01Source | -0.02Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | 22,092,297Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -82,000Source | -154,000Source | 0Source | — |
| Interest ExpenseUSD | — | — | 4,419,663Source | 3,365,054Source |
| Investment Income, InterestUSD | 64,000Source | — | — | — |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | -925,000Source | -30,000Source | -1,046,104Source | -671,752Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -57,549,000Source | -10,059,000Source | 2,817,450Source | -141,341,275Source |
| Operating ExpensesUSD | 40,456,000Source | 7,831,000Source | 40,127,875Source | 129,889,009Source |
| Operating Lease, ExpenseUSD | 644,000Source | 601,000Source | 700,716Source | 741,184Source |
| Research and Development ExpenseUSD | 1,401,000Source | 117,000Source | 277,519Source | 352,748Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 15,429,000Source | 15,305,000Source | 25,218,535Source | 17,237,122Source |
| Selling and Marketing ExpenseUSD | 4,855,000Source | 34,000Source | 243,577Source | 17,193,435Source |
Offerings
Registration 333-295089
Filing attachments
tm2626465d1_ex99-1.htm · 6-K · 2026-09-28
Exhibit 99.1 The9’s AI-Developed Mobile Game “The Greed of Man” Reaches No. 1 on Hong Kong App Store and Google Play Simulation Games Charts Hong Kong - September 28, 2026 - The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), an established internet company, today announced that its proprietary mobile simulation game “The Greed of Man《大時代》” has reached No. 1 in the Simulation Games category on both the Hong Kong Apple App Store and Google Play following its official launch on September 24, …
Read attachment ↗tm2623121d2_ex99-1.htm · 6-K · 2026-08-24
Exhibit 99.1 The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially Increase driven by the fair-value recognition of 9BIT tokens received under the Company’s cooperation agreement with the 9BIT Foundation as the9bit continued to expand AI capabilities, community engagement and commercial partnerships HONG KONG, August 24, 2026 - The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), a global, diversified high-tech company, today reported its unaudited finan…
Read attachment ↗tm2623121d2_ex99-2.htm · 6-K · 2026-08-24
Exhibit 99.2 Year 2026 H1 Compared to Year 2025H1 Revenues. Our revenues decreased by 71.5% from RMB62.1 million in 2025 to RMB17.7 million (US$2.6 million) in 2026, primarily because of we reduced the mining activities due to the decrease of Bitcoin price. Cost of Revenue. Cost of revenue decreased by 79.5% from RMB63.4 million in 2025 to RMB13.0 million (US$1.9 million) in 2026, primarily due to decrease in relevant cryptocurrency mining cost. Product Development Expenses. Product developm…
Read attachment ↗tm2623773d1_ex99-1.htm · 6-K · 2026-08-21
Exhibit 99.1 The9's Investee Nanyang Biologics (NYB) Advancing toward Nasdaq Listing after RFAI Cleared Vote at Shareholders Extraordinary General Meeting Milestone Marks Further Progress in The9's Strategic Investment in AI-Driven Drug Discovery; The9 Expects to Hold Approximately 15% to 16% of the Combined, Nasdaq-Listed Company HONG KONG, August 21, 2026 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), a global, diversified high-tech company, today announced that Nany…
Read attachment ↗tm2622427d1_ex99-1.htm · 6-K · 2026-08-06
Exhibit 99.1 The9 Expands Brand Partnership Network Across Southeast Asia the9bit Signs 41 Brand Partners Across Indonesia, Malaysia, and Vietnam, with 127 More in the Pipeline Hong Kong - August 6, 2026 - The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), a global diversified high-tech company, today announced continued progress in the Southeast Asia offline-to-online (“O2O”) initiative of the9bit, its AI-powered digital asset ecosystem. The initiative has built a growing network of bra…
Read attachment ↗tm2621158d1_ex99-1.htm · 6-K · 2026-07-27
Exhibit 99.1 The9 Posts Record Quarterly Profit; Expects Sequential Growth Through 2026 Digital asset gains power record quarter; AI-powered game creation platform the9bit surpasses 8 million registered users Hong Kong - July 27, 2026 - The9 Limited (Nasdaq: NCTY) (“The9” or the “Company”), a global diversified high-tech company, today reported net income of US$23 million for the three months ended March 31, 2026, delivering the strongest quarter in the Company’s history since its 2004 IPO. T…
Read attachment ↗