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NCTY

The9 Limited

Price Chart
Latest Quote

$3.89

+0.08 (+2.10%)
Current Price
Previous Close $3.81
Open $3.77
Day High $4.02
Day Low $3.53
Volume 83,629
Fetched: 2026-07-18T01:14:50
Stock Information
Note: Financial values converted from CNY to USD
Shares Outstanding 15.27M
Total Debt $34.67M
Cash Equivalents $8.64M
Revenue $15.94M
Net Income $-59.47M
Sector Financial Services
Industry Capital Markets
Market Cap $59.41M
EPS (TTM) $-7.94
Exchange NCM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$214.51M
Sales$15.94M
Income$-59.47M
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/S0.55
P/B2.10
Analyst Data
Recommendationnone
Technical Indicators
SMA20$4.65
SMA50$5.01
SMA200$6.42
RSI15.03
ATR0.3593
Shares Float4.92M
Short Float0.95%
Short Ratio2.96
Volatility2.13
Rel Volume1.86
Performance History
Week-10.37%
Month-24.02%
Quarter-26.74%
6 Months-42.20%
YTD-37.56%
Year-60.98%
3 Years-62.60%
5 Years-96.63%
10 Years-99.25%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-07-17 $3.89 83,629
2026-07-16 $3.81 95,700
2026-07-15 $3.84 57,900
2026-07-14 $3.95 90,200
2026-07-13 $4.04 65,400
2026-07-10 $4.34 87,900
2026-07-09 $4.64 65,900
2026-07-08 $4.65 54,600
2026-07-07 $4.91 46,400
2026-07-06 $4.92 53,200
2026-07-02 $5.08 30,700
2026-07-01 $5.05 14,400
2026-06-30 $4.90 40,700
2026-06-29 $5.05 10,400
2026-06-26 $5.10 12,500
2026-06-25 $4.87 25,000
2026-06-24 $4.95 25,400
2026-06-23 $5.02 9,600
2026-06-22 $5.06 14,400
2026-06-18 $4.95 16,700
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 $15,654,041 $16,720,721 $31,455,785 $22,473,772
Cost Of Revenue $15,654,041 $16,720,721 $31,455,785 $22,473,772
Total Revenue $15,920,969 $16,484,042 $25,681,339 $15,482,876
Operating Revenue $15,920,969 $16,484,042 $25,681,339 $15,482,876
Expenses
Interest Expense $3,432,737 $5,049,948 $4,630,152 $3,443,508
Total Expenses $52,478,789 $40,172,345 $61,039,088 $76,459,105
Other Income Expense $-20,313,113 $18,037,509 $18,699,001 $-37,896,298
Other Non Operating Income Expenses $325,213 $-749,878 $1,228,254 $1,586,667
Net Non Operating Interest Income Expense $-3,366,484 $-5,049,948 $-4,630,152 $-3,443,508
Interest Expense Non Operating $3,432,737 $5,049,948 $4,630,152 $3,443,508
Operating Expense $36,824,748 $23,451,624 $29,583,303 $53,985,333
Selling And Marketing Expense $5,009,665 $36,299 $255,124 $515,855
General And Administrative Expense $30,369,332 $23,289,018 $29,037,494 $53,110,475
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-59,383,217 $-10,834,133 $-20,193,003 $-101,632,410
Net Interest Income $-3,366,484 $-5,049,948 $-4,630,152 $-3,443,508
Interest Income $66,253 $0 $0 $0
Normalized Income $-38,744,891 $-29,621,520 $-37,663,750 $-62,149,445
Net Income From Continuing And Discontinued Operation $-59,383,217 $-10,834,133 $2,951,557 $-143,846,041
Total Operating Income As Reported $-41,479,984 $-8,670,966 $-46,886,279 $-97,612,844
Net Income Common Stockholders $-59,383,217 $-10,834,133 $2,951,557 $-143,846,041
Net Income $-59,383,217 $-10,834,133 $2,951,557 $-143,846,041
Net Income Including Noncontrolling Interests $-60,337,903 $-10,866,300 $1,855,661 $-144,529,667
Net Income Discontinuous Operations $0 $0 $23,144,560 $-42,213,631
Net Income Continuous Operations $-60,337,903 $-10,866,300 $-21,288,899 $-102,316,035
Earnings From Equity Interest Net Of Tax $-84,254 $-165,558 $0 $0
Pretax Income $-60,237,418 $-10,700,742 $-21,288,899 $-102,316,035
Special Income Charges $-16,923,906 $-2,789,541 $2,068,436 $-41,338,626
Interest Income Non Operating $66,253 $0 $0 $0
Operating Income $-36,557,820 $-23,688,303 $-35,357,749 $-60,976,229
Gross Profit $266,928 $-236,679 $-5,774,446 $-6,990,896
Earnings From Equity Interest - - $0 $0
Per Share
Diluted EPS $-7.97 $-2.21 $0.89 $-60.20
Basic EPS $-7.97 $-2.21 $0.89 $-60.20
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-33,934,869 $-15,368,816 $-21,311,918 $-45,905,771
Total Unusual Items $-20,638,326 $18,787,387 $17,470,747 $-39,482,965
Total Unusual Items Excluding Goodwill $-20,638,326 $18,787,387 $17,470,747 $-39,482,965
Reconciled Depreciation $2,231,485 $9,069,366 $12,817,577 $13,483,791
EBITDA (Bullshit earnings) $-54,573,195 $3,418,571 $-3,841,171 $-85,388,736
EBIT $-56,804,681 $-5,650,795 $-16,658,748 $-98,872,527
Diluted Average Shares $1,118,365 $690,151 $497,211 $354,250
Basic Average Shares $1,118,365 $690,151 $497,211 $354,250
Diluted NI Availto Com Stockholders $-59,383,217 $-10,834,133 $2,951,557 $-143,846,041
Minority Interests $954,686 $32,167 $1,095,896 $683,626
Tax Provision $16,231 $0 $0 $0
Gain On Sale Of Business $-221,629 $-1,712,532 $-41,611 $-553,186
Other Special Charges $-177,510 - $-25,866,816 -
Write Off $16,879,786 $117,159 $0 $14,686,665
Impairment Of Capital Assets $0 $959,850 $23,756,769 $26,098,774
Gain On Sale Of Security $-3,714,421 $21,576,928 $15,402,311 $1,855,661
Research And Development $1,445,751 $126,308 $290,685 $359,003
Selling General And Administration $35,378,997 $23,325,316 $29,292,618 $53,626,330
Other Gand A $30,369,332 $23,289,018 $29,037,494 $53,110,475
Excise Taxes - $0 - -
Otherunder Preferred Stock Dividend - - - $0
Fetched: 2026-07-17
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $36,561,066 $63,786,428 $30,436,913 $6,685,633
Total Assets $87,610,926 $93,940,477 $53,669,712 $88,401,630
Total Non Current Assets $37,082,085 $57,982,913 $27,059,362 $30,349,185
Other Non Current Assets $180,903 $179,575 $655,000 $2,283,090
Non Current Prepaid Assets $0 $5,878,768 $6,264,626 -
Non Current Deferred Assets $0 $1,328,002 $0 -
Non Current Note Receivables $1,078,042 $0 - -
Financial Assets $0 $2,337,726 $0 -
Goodwill And Other Intangible Assets $2,331,528 $1,328,002 - -
Other Intangible Assets $2,331,528 $1,328,002 - -
Current Assets $50,528,840 $35,957,563 $26,610,350 $58,052,445
Other Current Assets $2,093,521 $1,799,000 $12,942,704 $8,538,939
Restricted Cash $35,196,913 $28,616,665 $2,632,099 $623,471
Prepaid Assets $1,494,445 $2,795,739 $3,338,154 $39,521,830
Receivables $3,113,574 $1,136,179 $1,024,627 $796,744
Other Receivables $864,086 $491,803 $319,753 $297,518
Taxes Receivable $764,191 $555,842 $608,077 $388,411
Accounts Receivable $558,056 $0 $8,263 $22,345
Allowance For Doubtful Accounts Receivable $-74,516 $-74,516 $-74,583,377 $-34,645
Gross Accounts Receivable $632,571 $74,516 $74,591,640 $56,990
Cash Cash Equivalents And Short Term Investments $8,630,388 $1,609,981 $6,672,766 $8,567,637
Cash And Cash Equivalents $8,630,388 $1,609,981 $6,672,766 $8,567,637
Assets Held For Sale Current - - $0 $3,825
Debt
Net Debt $24,219,652 $17,891,429 $3,352,171 $719,032
Total Debt $34,621,298 $20,157,295 $11,081,584 $11,234,219
Long Term Debt And Capital Lease Obligation $1,153,148 $236,679 $2,882,354 $1,092,769
Current Debt And Capital Lease Obligation $33,468,150 $19,920,615 $8,199,230 $10,141,450
Current Debt $32,850,039 $19,501,409 $7,553,969 $9,286,670
Other Current Borrowings $32,850,039 $19,501,409 $7,553,969 $9,286,670
Long Term Debt - - $2,470,968 -
Liabilities
Total Liabilities Net Minority Interest $51,823,347 $30,858,922 $26,912,249 $84,338,188
Total Non Current Liabilities Net Minority Interest $1,153,148 $520,429 $2,882,354 $1,092,769
Derivative Product Liabilities $0 $283,750 - -
Current Liabilities $50,670,198 $30,338,493 $24,029,895 $83,245,419
Other Current Liabilities $3,644,774 - $4,220,832 $31,150,801
Current Deferred Liabilities $1,115,374 $1,594,340 $1,876,024 $2,619,058
Payables And Accrued Expenses $12,441,900 $8,823,538 $9,733,810 $14,249,829
Interest Payable $581,517 $218,382 $40,430 $314,335
Payables $5,747,001 $3,567,012 $4,866,831 $6,358,559
Other Payable $1,236,222 $1,109,914 $1,505,806 $1,938,120
Total Tax Payable $211,595 $216,317 $221,629 $243,621
Accounts Payable $2,874,091 $815,688 $1,416,388 $1,054,604
Equity
Common Stock Equity $38,892,594 $65,114,430 $30,436,913 $6,685,633
Total Equity Gross Minority Interest $35,787,579 $63,081,554 $26,757,463 $4,063,442
Stockholders Equity $38,892,594 $65,114,430 $30,436,913 $6,685,633
Gains Losses Not Affecting Retained Earnings $-678,314 $-673,297 $-651,459 $-767,434
Other Equity Adjustments $-678,314 $-673,297 $-651,459 $-767,434
Retained Earnings $-713,086,132 $-653,702,915 $-642,868,782 $-646,046,428
Other
Ordinary Shares Number $673,984,453 $551,721,978 $207,349,196 $127,052,120
Share Issued $673,984,453 $551,721,978 $207,349,196 $127,052,120
Tangible Book Value $36,561,066 $63,786,428 $30,436,913 $6,685,633
Invested Capital $71,742,634 $84,615,839 $40,461,850 $15,972,303
Working Capital $-141,358 $5,619,070 $2,580,455 $-25,192,974
Capital Lease Obligations $1,771,259 $655,885 $1,056,647 $1,947,549
Total Capitalization $38,892,594 $65,114,430 $32,907,881 $6,685,633
Minority Interest $-3,105,015 $-2,032,875 $-3,679,450 $-2,622,191
Additional Paid In Capital $694,433,021 $665,542,935 $659,744,732 $644,999,810
Capital Stock $58,224,019 $53,947,707 $14,212,421 $8,499,685
Common Stock $58,224,019 $53,947,707 $14,212,421 $8,499,685
Long Term Capital Lease Obligation $1,153,148 $236,679 $411,385 $1,092,769
Current Deferred Revenue $1,115,374 $1,594,340 $1,876,024 $2,619,058
Current Capital Lease Obligation $618,111 $419,206 $645,261 $854,780
Current Accrued Expenses $6,694,899 $5,256,526 $4,866,979 $7,891,270
Dueto Related Parties Current $1,425,093 $1,425,093 $1,723,008 $3,122,214
Investments And Advances $25,314,368 $43,856,960 $5,207,390 $5,208,333
Net PPE $8,177,244 $3,073,881 $14,932,346 $22,857,761
Accumulated Depreciation $-6,918,741 $-25,747,886 $-28,373,936 $-20,340,205
Gross PPE $15,095,985 $28,821,768 $43,306,282 $43,197,966
Leases $150,654 $0 - -
Other Properties $1,746,470 $631,981 $1,013,560 $1,779,773
Machinery Furniture Equipment $13,198,861 $28,189,786 $42,292,721 $41,418,194
Properties $0 $0 - -
Duefrom Related Parties Current $927,240 $88,533 $88,533 $88,471
Current Provisions - - - $25,084,281
Other Short Term Investments - - - $0
Fetched: 2026-07-17
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-6,449,957 $-9,177,524 $-7,146,420 $-59,443,715
Operating Activities
Operating Cash Flow $-4,685,780 $-6,521,521 $-6,834,782 $-22,729,044
Cash Flow From Continuing Operating Activities $-4,685,780 $-6,521,521 $-6,834,782 $-22,729,044
Operating Gains Losses $-4,186,156 $-22,243,142 $-32,482,773 $-7,477,387
Investing Activities
Capital Expenditure $-1,764,176 $-2,656,003 $-311,638 $-36,714,672
Investing Cash Flow $164,525 $-8,413,333 $659,574 $-36,835,225
Cash Flow From Continuing Investing Activities $164,525 $-8,413,333 $659,574 $-36,835,225
Net Other Investing Changes $-1,052,368 - $221,334 $664,001
Financing Activities
Issuance Of Capital Stock $4,648,596 $2,786,147 $38,660 $5,902
Financing Cash Flow $11,578,404 $10,294,669 $4,790,397 $4,878,931
Cash Flow From Continuing Financing Activities $11,578,404 $10,294,669 $4,790,397 $4,878,931
Net Other Financing Charges $96,501 - - -
Net Common Stock Issuance $4,648,596 $2,786,147 $38,660 $5,902
Common Stock Issuance $4,648,596 $2,786,147 $38,660 $5,902
Other
Repayment Of Debt $-4,728,866 $-5,492,615 $-8,053,592 $-464,063
Issuance Of Debt $11,562,173 $13,001,136 $12,805,330 $5,337,091
Interest Paid Supplemental Data $211,300 $230,335 $816,426 $0
Income Tax Paid Supplemental Data $19,772 $0 $0 $0
End Cash Position $8,630,388 $1,609,981 $6,672,766 $8,567,676
Beginning Cash Position $1,609,981 $6,672,766 $8,567,676 $63,215,978
Effect Of Exchange Rate Changes $-36,741 $-422,600 $-510,100 $37,036
Changes In Cash $7,057,148 $-4,640,185 $-1,384,811 $-54,685,338
Net Issuance Payments Of Debt $6,833,306 $7,508,521 $4,751,737 $4,873,028
Net Short Term Debt Issuance $0 $12,881,026 $0 $0
Short Term Debt Issuance $0 $12,881,026 $0 $0
Net Long Term Debt Issuance $6,833,306 $-5,372,504 $4,751,737 $4,873,028
Long Term Debt Payments $-4,728,866 $-5,492,615 $-8,053,592 $-464,063
Long Term Debt Issuance $11,562,173 $120,110 $12,805,330 $5,337,091
Net Investment Purchase And Sale $374,792 $-4,196,485 $761,830 $-844,609
Sale Of Investment $870,579 $738 $761,830 $2,573,077
Purchase Of Investment $-495,787 $-4,197,223 $0 $-3,417,686
Net Business Purchase And Sale $-62,859 $-1,582,240 $-12,542 $0
Purchase Of Business $-62,859 $-1,582,240 $-12,542 $0
Net Intangibles Purchase And Sale $1,105,192 $-2,656,003 $0 $0
Sale Of Intangibles $2,656,003 - - -
Purchase Of Intangibles $-1,550,811 $-2,656,003 - $0
Net PPE Purchase And Sale $-200,233 $21,396 $-311,047 $-36,654,616
Sale Of PPE $13,132 $21,396 $590 $60,055
Purchase Of PPE $-213,366 $0 $-311,638 $-36,714,672
Change In Working Capital $-506,706 $-844,904 $-3,863,157 $18,179,605
Change In Other Current Liabilities $-680,527 $-135,456 $-858,774 $-661,787
Change In Other Current Assets $-22,281 $-530,758 - $0
Change In Payables And Accrued Expense $2,343,480 $242,139 $-3,161,529 $7,579,791
Change In Accrued Expense $1,234,451 $432,781 $-3,488,955 $-10,406,959
Change In Interest Payable $0 $183,412 $-358,856 $176,034
Change In Payable $1,109,029 $-190,642 $327,426 $17,986,750
Change In Account Payable $1,025,660 $-185,330 $349,412 $17,965,649
Change In Tax Payable $20,510 $-5,312 $-21,986 $21,100
Change In Income Tax Payable $20,510 $-5,312 $-21,986 $21,100
Change In Prepaid Assets $-528,250 $-412,861 $143,129 $10,740,582
Change In Receivables $-1,619,129 $-7,968 $14,018 $521,019
Changes In Account Receivables $-1,619,129 $-7,968 $14,018 $521,019
Other Non Cash Items $23,683,877 $9,637,898 $-19,491,671 $-526,774
Stock Based Compensation $17,124,286 $6,592,053 $10,441,044 $29,857,314
Asset Impairment Charge $16,920,807 $2,133,508 $23,888,537 $65,209,603
Amortization Of Securities $384,530 $0 $0 -
Depreciation Amortization Depletion $2,231,485 $9,069,366 $12,817,577 $13,483,791
Depreciation And Amortization $2,231,485 $9,069,366 $12,817,577 $13,483,791
Amortization Cash Flow $227,088 $0 $0 -
Amortization Of Intangibles $227,088 $0 $0 -
Depreciation $2,004,397 $9,069,366 $12,817,577 $13,483,730
Earnings Losses From Equity Investments $84,254 $165,558 $0 $0
Gain Loss On Investment Securities $344,248 $-6,645,468 $-3,419,014 $-5,496,451
Net Foreign Currency Exchange Gain Loss $-4,500,745 $-18,560,741 $-5,418,985 $-1,124,817
Gain Loss On Sale Of PPE $-158,032 $1,083,797 $-7,378 $-1,304,245
Gain Loss On Sale Of Business $221,629 $1,713,712 $-23,637,397 $448,127
Net Income From Continuing Operations $-60,337,903 $-10,866,300 $1,855,661 $-144,529,667
Provisionand Write Offof Assets - $0 $0 $3,074,471
Proceeds From Stock Option Exercised - - $0 $0
Short Term Debt Payments - - $-6,330,593 $0
Sale Of Business - - - $0
Change In Other Working Capital - - - $-6,308,811
Other Cash Adjustment Outside Changein Cash - - - -
Fetched: 2026-07-17