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NCTY

The9 Limited

Price Chart
Latest Quote

$5.02

-0.04 (-0.79%)
Current Price
Previous Close $5.06
Open $4.91
Day High $5.10
Day Low $4.91
Volume 9,549
Fetched: 2026-06-24T06:25:26
Stock Information
Note: Financial values converted from CNY to USD
Shares Outstanding 15.27M
Total Debt $34.50M
Cash Equivalents $8.60M
Revenue $15.87M
Net Income $-59.18M
Sector Financial Services
Industry Capital Markets
Market Cap $76.67M
EPS (TTM) $-7.98
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$231.77M
Sales$15.87M
Income$-59.18M
Book/sh$1.85
Cash/sh$3.83
Employees44
Financial Ratios
Quick Ratio0.23
Current Ratio1.00
Debt/Eq138.15
Returns & Margins
ROA-27.77%
ROE-165.32%
Gross Margin1.68%
Operating Margin-519.70%
Ownership
Insider Ownership18.89%
Institutional Ownership0.46%
Insider & Institutional transactions data not available
Valuation Ratios
PEG-0.27
P/S0.71
P/B2.71
Analyst Data
Recommendationnone
Technical Indicators
SMA20$4.88
SMA50$5.31
SMA200$6.90
RSI58.85
ATR0.4079
Shares Float3.57M
Short Float1.19%
Short Ratio3.44
Volatility2.13
Rel Volume0.30
Performance History
Week-7.72%
Month-6.86%
Quarter-13.75%
6 Months-34.89%
YTD-19.42%
Year-38.10%
3 Years-27.25%
5 Years-97.30%
10 Years-99.04%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-23 $5.02 9,600
2026-06-22 $5.06 14,400
2026-06-18 $4.95 16,700
2026-06-17 $4.94 34,800
2026-06-16 $5.12 40,700
2026-06-15 $5.44 62,100
2026-06-12 $4.72 32,700
2026-06-11 $4.58 15,800
2026-06-10 $4.36 30,200
2026-06-09 $4.35 40,400
2026-06-08 $4.73 21,300
2026-06-05 $4.69 43,900
2026-06-04 $4.66 81,700
2026-06-03 $4.41 27,800
2026-06-02 $4.56 27,700
2026-06-01 $4.85 33,500
2026-05-29 $5.26 26,100
2026-05-28 $5.39 31,600
2026-05-27 $5.25 15,700
2026-05-26 $5.27 29,700
About The9 Limited

The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. It operates through Cryptocurrency Mining and Online game services segments. The company provides IT with technical services for the operation of computer software and related businesses, including the provision of systematic solutions for the operation of internet websites, the rental of computer and internet facilities, daily maintenance of internet servers and databases, the development and update of computer software, and other related technical and consulting services. It also develops and operates mobile and computer games, as well as publishes and services MIR M, an online game. The company was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $15,674,858 $16,742,957 $31,497,615 $22,503,658
Cost Of Revenue $15,674,858 $16,742,957 $31,497,615 $22,503,658
Total Revenue $15,942,141 $16,505,962 $25,715,490 $15,503,465
Operating Revenue $15,942,141 $16,505,962 $25,715,490 $15,503,465
Expenses
Interest Expense $3,437,302 $5,056,663 $4,636,309 $3,448,087
Total Expenses $52,548,576 $40,225,767 $61,120,258 $76,560,781
Other Income Expense $-20,340,126 $18,061,495 $18,723,867 $-37,946,693
Other Non Operating Income Expenses $325,645 $-750,875 $1,229,887 $1,588,777
Net Non Operating Interest Income Expense $-3,370,961 $-5,056,663 $-4,636,309 $-3,448,087
Interest Expense Non Operating $3,437,302 $5,056,663 $4,636,309 $3,448,087
Operating Expense $36,873,718 $23,482,810 $29,622,643 $54,057,123
Selling And Marketing Expense $5,016,327 $36,347 $255,463 $516,541
General And Administrative Expense $30,409,717 $23,319,987 $29,076,108 $53,181,102
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-59,462,185 $-10,848,540 $-20,219,856 $-101,767,561
Net Interest Income $-3,370,961 $-5,056,663 $-4,636,309 $-3,448,087
Interest Income $66,341 $0 $0 $0
Normalized Income $-38,796,414 $-29,660,910 $-37,713,836 $-62,232,091
Net Income From Continuing And Discontinued Operation $-59,462,185 $-10,848,540 $2,955,482 $-144,037,328
Total Operating Income As Reported $-41,535,144 $-8,682,496 $-46,948,629 $-97,742,650
Net Income Common Stockholders $-59,462,185 $-10,848,540 $2,955,482 $-144,037,328
Net Income $-59,462,185 $-10,848,540 $2,955,482 $-144,037,328
Net Income Including Noncontrolling Interests $-60,418,140 $-10,880,750 $1,858,129 $-144,721,863
Net Income Discontinuous Operations $0 $0 $23,175,338 $-42,269,767
Net Income Continuous Operations $-60,418,140 $-10,880,750 $-21,317,210 $-102,452,096
Earnings From Equity Interest Net Of Tax $-84,366 $-165,778 $0 $0
Pretax Income $-60,317,521 $-10,714,972 $-21,317,210 $-102,452,096
Special Income Charges $-16,946,411 $-2,793,251 $2,071,187 $-41,393,598
Interest Income Non Operating $66,341 $0 $0 $0
Operating Income $-36,606,435 $-23,719,804 $-35,404,768 $-61,057,315
Gross Profit $267,283 $-236,994 $-5,782,125 $-7,000,192
Earnings From Equity Interest - - $0 $0
Per Share
Diluted EPS $-7.98 $-2.22 $0.89 $-60.28
Basic EPS $-7.98 $-2.22 $0.89 $-60.28
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-33,979,996 $-15,389,253 $-21,340,259 $-45,966,817
Total Unusual Items $-20,665,771 $18,812,371 $17,493,980 $-39,535,469
Total Unusual Items Excluding Goodwill $-20,665,771 $18,812,371 $17,493,980 $-39,535,469
Reconciled Depreciation $2,234,453 $9,081,426 $12,834,622 $13,501,722
EBITDA (Bullshit earnings) $-54,645,767 $3,423,117 $-3,846,279 $-85,502,286
EBIT $-56,880,220 $-5,658,309 $-16,680,901 $-99,004,008
Diluted Average Shares $1,119,852 $691,068 $497,872 $354,721
Basic Average Shares $1,119,852 $691,068 $497,872 $354,721
Diluted NI Availto Com Stockholders $-59,462,185 $-10,848,540 $2,955,482 $-144,037,328
Minority Interests $955,955 $32,210 $1,097,354 $684,535
Tax Provision $16,253 $0 $0 $0
Gain On Sale Of Business $-221,923 $-1,714,809 $-41,666 $-553,922
Other Special Charges $-177,746 - $-25,901,214 -
Write Off $16,902,233 $117,315 $0 $14,706,196
Impairment Of Capital Assets $0 $961,126 $23,788,361 $26,133,480
Gain On Sale Of Security $-3,719,360 $21,605,621 $15,422,793 $1,858,129
Research And Development $1,447,674 $126,476 $291,071 $359,481
Selling General And Administration $35,426,044 $23,356,334 $29,331,571 $53,697,643
Other Gand A $30,409,717 $23,319,987 $29,076,108 $53,181,102
Excise Taxes - $0 - -
Otherunder Preferred Stock Dividend - - - $0
Fetched: 2026-06-20
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $36,609,685 $63,871,252 $30,477,388 $6,694,524
Total Assets $87,727,431 $94,065,399 $53,741,082 $88,519,187
Total Non Current Assets $37,131,397 $58,060,019 $27,095,345 $30,389,543
Other Non Current Assets $181,144 $179,814 $655,871 $2,286,126
Non Current Prepaid Assets $0 $5,886,586 $6,272,957 -
Non Current Deferred Assets $0 $1,329,768 $0 -
Non Current Note Receivables $1,079,476 $0 - -
Financial Assets $0 $2,340,834 $0 -
Goodwill And Other Intangible Assets $2,334,629 $1,329,768 - -
Other Intangible Assets $2,334,629 $1,329,768 - -
Current Assets $50,596,033 $36,005,380 $26,645,736 $58,129,644
Other Current Assets $2,096,305 $1,801,392 $12,959,915 $8,550,294
Restricted Cash $35,243,718 $28,654,720 $2,635,599 $624,300
Prepaid Assets $1,496,432 $2,799,456 $3,342,593 $39,574,386
Receivables $3,117,714 $1,137,690 $1,025,990 $797,803
Other Receivables $865,235 $492,457 $320,178 $297,913
Taxes Receivable $765,207 $556,582 $608,886 $388,927
Accounts Receivable $558,798 $0 $8,274 $22,374
Allowance For Doubtful Accounts Receivable $-74,615 $-74,615 $-74,682,558 $-34,691
Gross Accounts Receivable $633,413 $74,615 $74,690,832 $57,066
Cash Cash Equivalents And Short Term Investments $8,641,864 $1,612,122 $6,681,639 $8,579,030
Cash And Cash Equivalents $8,641,864 $1,612,122 $6,681,639 $8,579,030
Assets Held For Sale Current - - $0 $3,830
Debt
Net Debt $24,251,859 $17,915,221 $3,356,629 $719,989
Total Debt $34,667,338 $20,184,100 $11,096,320 $11,249,158
Long Term Debt And Capital Lease Obligation $1,154,682 $236,994 $2,886,187 $1,094,222
Current Debt And Capital Lease Obligation $33,512,656 $19,947,106 $8,210,133 $10,154,936
Current Debt $32,893,723 $19,527,342 $7,564,014 $9,299,019
Other Current Borrowings $32,893,723 $19,527,342 $7,564,014 $9,299,019
Long Term Debt - - $2,474,254 -
Liabilities
Total Liabilities Net Minority Interest $51,892,261 $30,899,958 $26,948,037 $84,450,341
Total Non Current Liabilities Net Minority Interest $1,154,682 $521,121 $2,886,187 $1,094,222
Derivative Product Liabilities $0 $284,127 - -
Current Liabilities $50,737,580 $30,378,837 $24,061,850 $83,356,119
Other Current Liabilities $3,649,621 - $4,226,445 $31,192,226
Current Deferred Liabilities $1,116,857 $1,596,460 $1,878,518 $2,622,540
Payables And Accrued Expenses $12,458,445 $8,835,272 $9,746,754 $14,268,779
Interest Payable $582,290 $218,673 $40,484 $314,753
Payables $5,754,643 $3,571,756 $4,873,303 $6,367,015
Other Payable $1,237,866 $1,111,390 $1,507,809 $1,940,697
Total Tax Payable $211,876 $216,604 $221,923 $243,945
Accounts Payable $2,877,913 $816,773 $1,418,271 $1,056,007
Equity
Common Stock Equity $38,944,314 $65,201,019 $30,477,388 $6,694,524
Total Equity Gross Minority Interest $35,835,169 $63,165,440 $26,793,045 $4,068,846
Stockholders Equity $38,944,314 $65,201,019 $30,477,388 $6,694,524
Gains Losses Not Affecting Retained Earnings $-679,216 $-674,192 $-652,325 $-768,455
Other Equity Adjustments $-679,216 $-674,192 $-652,325 $-768,455
Retained Earnings $-714,034,396 $-654,572,211 $-643,723,671 $-646,905,543
Other
Ordinary Shares Number $674,880,719 $552,455,659 $207,624,929 $127,221,074
Share Issued $674,880,719 $552,455,659 $207,624,929 $127,221,074
Tangible Book Value $36,609,685 $63,871,252 $30,477,388 $6,694,524
Invested Capital $71,838,037 $84,728,361 $40,515,656 $15,993,543
Working Capital $-141,546 $5,626,542 $2,583,886 $-25,226,475
Capital Lease Obligations $1,773,615 $656,757 $1,058,052 $1,950,139
Total Capitalization $38,944,314 $65,201,019 $32,951,642 $6,694,524
Minority Interest $-3,109,144 $-2,035,579 $-3,684,343 $-2,625,678
Additional Paid In Capital $695,356,480 $666,427,976 $660,622,062 $645,857,533
Capital Stock $58,301,446 $54,019,446 $14,231,321 $8,510,988
Common Stock $58,301,446 $54,019,446 $14,231,321 $8,510,988
Long Term Capital Lease Obligation $1,154,682 $236,994 $411,932 $1,094,222
Current Deferred Revenue $1,116,857 $1,596,460 $1,878,518 $2,622,540
Current Capital Lease Obligation $618,933 $419,763 $646,119 $855,917
Current Accrued Expenses $6,703,802 $5,263,516 $4,873,451 $7,901,764
Dueto Related Parties Current $1,426,988 $1,426,988 $1,725,300 $3,126,366
Investments And Advances $25,348,031 $43,915,281 $5,214,314 $5,215,259
Net PPE $8,188,118 $3,077,969 $14,952,203 $22,888,158
Accumulated Depreciation $-6,927,942 $-25,782,126 $-28,411,668 $-20,367,253
Gross PPE $15,116,060 $28,860,095 $43,363,870 $43,255,411
Leases $150,855 $0 - -
Other Properties $1,748,792 $632,822 $1,014,908 $1,782,139
Machinery Furniture Equipment $13,216,413 $28,227,273 $42,348,962 $41,473,272
Properties $0 $0 - -
Duefrom Related Parties Current $928,473 $88,651 $88,651 $88,588
Current Provisions - - - $25,117,638
Other Short Term Investments - - - $0
Fetched: 2026-06-20
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-6,458,534 $-9,189,729 $-7,155,923 $-59,522,764
Operating Activities
Operating Cash Flow $-4,692,011 $-6,530,193 $-6,843,871 $-22,759,269
Cash Flow From Continuing Operating Activities $-4,692,011 $-6,530,193 $-6,843,871 $-22,759,269
Operating Gains Losses $-4,191,723 $-22,272,721 $-32,525,969 $-7,487,331
Investing Activities
Capital Expenditure $-1,766,522 $-2,659,535 $-312,052 $-36,763,495
Investing Cash Flow $164,743 $-8,424,521 $660,451 $-36,884,208
Cash Flow From Continuing Investing Activities $164,743 $-8,424,521 $660,451 $-36,884,208
Net Other Investing Changes $-1,053,767 - $221,628 $664,884
Financing Activities
Issuance Of Capital Stock $4,654,778 $2,789,853 $38,711 $5,910
Financing Cash Flow $11,593,801 $10,308,359 $4,796,767 $4,885,419
Cash Flow From Continuing Financing Activities $11,593,801 $10,308,359 $4,796,767 $4,885,419
Net Other Financing Charges $96,630 - - -
Net Common Stock Issuance $4,654,778 $2,789,853 $38,711 $5,910
Common Stock Issuance $4,654,778 $2,789,853 $38,711 $5,910
Other
Repayment Of Debt $-4,735,155 $-5,499,919 $-8,064,302 $-464,680
Issuance Of Debt $11,577,548 $13,018,425 $12,822,358 $5,344,188
Interest Paid Supplemental Data $211,581 $230,641 $817,512 $0
Income Tax Paid Supplemental Data $19,799 $0 $0 $0
End Cash Position $8,641,864 $1,612,122 $6,681,639 $8,579,070
Beginning Cash Position $1,612,122 $6,681,639 $8,579,070 $63,300,042
Effect Of Exchange Rate Changes $-36,790 $-423,162 $-510,779 $37,086
Changes In Cash $7,066,533 $-4,646,356 $-1,386,652 $-54,758,058
Net Issuance Payments Of Debt $6,842,393 $7,518,506 $4,758,056 $4,879,508
Net Short Term Debt Issuance $0 $12,898,155 $0 $0
Short Term Debt Issuance $0 $12,898,155 $0 $0
Net Long Term Debt Issuance $6,842,393 $-5,379,649 $4,758,056 $4,879,508
Long Term Debt Payments $-4,735,155 $-5,499,919 $-8,064,302 $-464,680
Long Term Debt Issuance $11,577,548 $120,270 $12,822,358 $5,344,188
Net Investment Purchase And Sale $375,290 $-4,202,066 $762,843 $-845,732
Sale Of Investment $871,737 $739 $762,843 $2,576,499
Purchase Of Investment $-496,447 $-4,202,805 $0 $-3,422,231
Net Business Purchase And Sale $-62,942 $-1,584,344 $-12,559 $0
Purchase Of Business $-62,942 $-1,584,344 $-12,559 $0
Net Intangibles Purchase And Sale $1,106,662 $-2,659,535 $0 $0
Sale Of Intangibles $2,659,535 - - -
Purchase Of Intangibles $-1,552,873 $-2,659,535 - $0
Net PPE Purchase And Sale $-200,499 $21,424 $-311,461 $-36,703,360
Sale Of PPE $13,150 $21,424 $591 $60,135
Purchase Of PPE $-213,649 $0 $-312,052 $-36,763,495
Change In Working Capital $-507,380 $-846,028 $-3,868,294 $18,203,780
Change In Other Current Liabilities $-681,432 $-135,636 $-859,916 $-662,668
Change In Other Current Assets $-22,311 $-531,464 - $0
Change In Payables And Accrued Expense $2,346,597 $242,461 $-3,165,733 $7,589,870
Change In Accrued Expense $1,236,093 $433,356 $-3,493,595 $-10,420,798
Change In Interest Payable $0 $183,656 $-359,333 $176,268
Change In Payable $1,110,504 $-190,896 $327,862 $18,010,668
Change In Account Payable $1,027,024 $-185,576 $349,877 $17,989,540
Change In Tax Payable $20,538 $-5,319 $-22,015 $21,129
Change In Income Tax Payable $20,538 $-5,319 $-22,015 $21,129
Change In Prepaid Assets $-528,952 $-413,410 $143,319 $10,754,865
Change In Receivables $-1,621,282 $-7,979 $14,036 $521,712
Changes In Account Receivables $-1,621,282 $-7,979 $14,036 $521,712
Other Non Cash Items $23,715,372 $9,650,715 $-19,517,591 $-527,474
Stock Based Compensation $17,147,058 $6,600,819 $10,454,929 $29,897,018
Asset Impairment Charge $16,943,308 $2,136,346 $23,920,304 $65,296,319
Amortization Of Securities $385,042 $0 $0 -
Depreciation Amortization Depletion $2,234,453 $9,081,426 $12,834,622 $13,501,722
Depreciation And Amortization $2,234,453 $9,081,426 $12,834,622 $13,501,722
Amortization Cash Flow $227,390 $0 $0 -
Amortization Of Intangibles $227,390 $0 $0 -
Depreciation $2,007,063 $9,081,426 $12,834,622 $13,501,661
Earnings Losses From Equity Investments $84,366 $165,778 $0 $0
Gain Loss On Investment Securities $344,705 $-6,654,305 $-3,423,561 $-5,503,761
Net Foreign Currency Exchange Gain Loss $-4,506,730 $-18,585,424 $-5,426,191 $-1,126,313
Gain Loss On Sale Of PPE $-158,242 $1,085,238 $-7,388 $-1,305,980
Gain Loss On Sale Of Business $221,923 $1,715,991 $-23,668,830 $448,723
Net Income From Continuing Operations $-60,418,140 $-10,880,750 $1,858,129 $-144,721,863
Provisionand Write Offof Assets - $0 $0 $3,078,560
Proceeds From Stock Option Exercised - - $0 $0
Short Term Debt Payments - - $-6,339,011 $0
Sale Of Business - - - $0
Change In Other Working Capital - - - $-6,317,201
Other Cash Adjustment Outside Changein Cash - - - -
Fetched: 2026-06-20