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The9 LTD

NCTY

$4.68 ▼ -0.35 (-6.87%) at close

15 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

The9 LTD faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $10.6B

Dividend Yield —

Revenue Growth 0.8% ↗

Op. Margin -260.5% ↘

ROIC -147.3% ↘

FCF / Share $-0.00 ↗

Trailing P/E —

Price / Book 389.9x

FCF Yield —

Debt / Equity 0.91

info Valuation on last close. End-of-day price, Aug 7, 2026.

15-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$15.43M

↑ +0.8% —

Net Income Profit after all expenses

$-58.47M

↓ -481.3% —

Operating Margin Operating profit as % of sales

-260.5%

↓ -395.3% 0th

FCF / Share Free cash flow per share

$-0.00

↑ +100.0% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns

Financial Health ↓

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Revenue Growth YoY (%)	0.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-86%)	-39.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-755%)	46.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+672%)	-19.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-419%)	43366.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+722680%)	-98.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1735%)	-77.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1390%)	38.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+547%)	12.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+111%)	-31.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-619%)	-40.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-778%)	-32.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-649%)	46.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+682%)	—	—
EPS Growth YoY (%)	-200.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	-53.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-481.3% Weak Weak Year-over-year change in net income	N/M	N/M	-119.0% Weak ↓ Weak Declining Year-over-year change in net income	-152.7% Weak ↓ Weak Declining Year-over-year change in net income	19.1% Good ↑ Good Improving Year-over-year change in net income	-17.2% Weak ↑ Weak Improving Year-over-year change in net income	72.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-64.1% Weak ↓ Weak Declining Year-over-year change in net income	-242.1% Weak ↓ Weak Declining Year-over-year change in net income	80.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-5.4% Weak Weak Year-over-year change in net income	-82.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	100.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-66786.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	79.3% Excellent Excellent Year-over-year change in free cash flow	85.7% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-3.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-10.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	701.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	89.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-81.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-29.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-22.8% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-35.0% Weak Weak Compound annual revenue growth over 3 years	-16.4% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	215.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	43.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	16.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	24.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-65.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-32.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-15.6% Weak Weak Compound annual revenue growth over 5 years	-14.6% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Operating Margin (%) (%)	-260.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1142%)	-52.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-310%)	-177.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-810%)	—	-233.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1033%)	—	—	-154.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-719%)	—	—	-248.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1092%)	-497.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2089%)	-362.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1549%)	-341.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1466%)	—
Effective Tax Rate (%) (%)	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	-379.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1823%)	-65.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-399%)	11.2% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	—	-302.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1476%)	—	—	-239.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1188%)	—	—	-166.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-855%)	-493.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2343%)	-314.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1528%)	-252.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1249%)	—
FCF Margin (%) (%)	-29.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-39.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-25.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-130.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	415.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-335.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-299.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-240.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.08x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.60x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-2.50x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Return on Invested Capital (%)	-147.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-13.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-121.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1676.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-32.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	15.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	11.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	18.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	68.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	130.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-129.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-160.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-59.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-24.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-47.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-9.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-87.4% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-160.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-24.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-90.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-63.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-35.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-84.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-60.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-31.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-97.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-53.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	-23.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-214.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1885%)	-21.7% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-281%)	9.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	—	-53.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-541%)	21.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+77%)	30.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+154%)	37.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+208%)	199.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1560%)	194.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1524%)	-109.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1016%)	-201.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1782%)	-65.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-645%)	-22.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-288%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Debt to Equity (x)	0.91x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.26x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	—	—	—	-0.14x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-112%)	-0.16x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-113%)	-0.23x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-119%)	-0.32x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-126%)	—	—	—	—	—	—
Interest Coverage (x)	-196.08x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-37.62x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-10.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-41.43x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.66x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.00x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.35x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-5.23x Weak Weak Operating income divided by interest expense Optimal: > 5x	-51.04x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—
Net Debt (USD)	$16.59M	$10.71M	$-6.37M	$-8.42M	$-67.23M	$15.43M	$15.74M	$-5.21M	$9.89M	$-7.57M	$-29.25M	$-25.93M	$-88.97M	$-170.28M	$-225.01M
Debt / EBITDA (x)	-0.62x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.52x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	-0.72x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.07x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.96x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.36x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Revenue per Share (USD)	$0.01	$10.91	$0.02	$0.02	$0.04	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-0.03	$-0.01	—	$-0.20	$-0.13	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-0.00	$-4.32	$-0.01	$-0.03	$-0.22	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.01	$33.06	$0.02	$0.01	$0.25	—	$-1.13	$-1.63	$-2.05	$-1.29	$0.68	$1.86	$5.15	$8.20	—
Tangible Book Value per Share (USD)	$0.01	$33.06	$0.02	$0.01	$0.25	—	$-1.13	$-1.63	$-2.05	$-1.87	$-0.06	$0.87	$4.07	$7.10	—
Basic Weighted Avg Shares (shares)	2.27B	1.40M	1.01B	720.24M	495.30M	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Working Capital (USD)	$-135.00K	$5.22M	$8.44M	$-24.14M	$79.44M	$-129.80M	$-127.32M	$-97.80M	$-69.96M	$-54.14M	$-6.57M	$-18.51M	$55.68M	$136.19M	—
Total Equity (USD)	$27.30M	$46.40M	$29.05M	$6.57M	$121.85M	$-120.52M	$-103.50M	$-72.82M	$-48.91M	$-30.47M	$15.80M	$43.07M	$126.08M	$200.64M	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Mar 31, 2024 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2019 20-F ↗	FY 2019 Dec 31, 2018 20-F ↗	FY 2018 Dec 31, 2017 20-F ↗	FY 2017 Dec 31, 2016 20-F ↗	FY 2016 Dec 31, 2015 20-F ↗	FY 2015 Dec 31, 2014 20-F ↗	FY 2014 Dec 31, 2013 20-F ↗	FY 2013 Dec 31, 2012 20-F ↗	FY 2012 Dec 31, 2011 20-F ↗	FY 2011 Dec 31, 2010 20-F ↗
Sales/Revenue/Turnover (USD)	$15.43M	$15.30M	$25.22M	$17.24M	$21.32M	$49.05K	$2.54M	$11.25M	$8.11M	$7.20M	$10.45M	$17.61M	$26.26M	$17.87M	—
Net Income, GAAP (USD)	$-58.47M	$-10.06M	$2.82M	$-141.34M	$-64.53M	$-25.54M	$-31.57M	$-26.94M	$-97.46M	$-59.38M	$-17.36M	$-86.93M	$-82.50M	$-45.18M	—
Operating Cash Flow (USD)	$-4.54M	$-6.06M	$-6.52M	$-22.44M	$-107.91M	$-7.78M	$-14.72M	—	—	—	$43.40M	$-59.07M	$-78.52M	$-43.04M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 15 years · 15 quarters

The9 LTD

Analytical Summary

15-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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