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The9 LTD (NCTY) stock

NCTYNasdaqFinance ServicesFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 16, 2026Score 1/30
$2.73+0.00 (0.00%)

Close on Nov 13, 2026Market cap $41.57MP/E –Yield –

The9 LTD saw revenue fall 3.4% to CN¥107.90M over fiscal 2025. At the latest close the market valued the company at CN¥277.49M.

Revenue
CN¥107.90M
-3.4% vs. a year earlier
Operating income
-CN¥281.11M
FY2025
EPS, diluted
-0.18 CNY
FY2025

Key statistics

Valuation at the latest close; fundamentals over fiscal 2025, balances at Dec 31, 2025

Valuation

Market cap
CN¥277.49M
P/E ratio
–
Price to sales
2.57
Price to book
1.45
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
CN¥107.90M
EPS, diluted
-0.18 CNY

Trading

Previous close
$2.73
Open
$2.73
Day's range
$2.58 – $2.76
Volume
26,227
Average volume (20 days)
41,436
Beta (5 years)
1.66
RSI (14 days)
37.2
Volatility (1 year)
94.6%
Relative volume
0.15×
WACC
12.3%

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodNCTYS&P 500DifferenceNCTY per yearS&P 500 per year
1 month-21.8%-3.0%−18.7 pts
3 months-35.8%-2.8%−33.0 pts
Year to date-57.1%+11.5%−68.6 pts
1 year-60.1%+13.5%−73.6 pts
3 years-62.9%+77.7%−140.6 pts-28.1%+21.1%
5 years-97.8%+72.6%−170.4 pts-53.5%+11.5%
10 years-99.3%+308.2%−407.4 pts-38.8%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025, CNY

Revenue

CN¥107.90M-3.4% YoY

Gross profit

CN¥1.81M

Operating income

-CN¥281.11M

Net income

–

EPS, diluted

-0.18 CNY
Reported period

Press releases

Releases The9 filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About The9

Finance Services

The9 Limited is an online entertainment and technology enterprise primarily focused on online game development and operation, alongside cryptocurrency mining activities. The company develops and operates proprietary and licensed mobile games, TV games, and gaming platforms, including action RPG titles such as Glory All Stars and Ultraman: Hero Beyond Time. Through its proprietary online gaming platform, the9bit, the business delivers gameplay, top-ups, community features, and creator rewards to players and independent creators. In addition, the company conducts cryptocurrency mining operations by supplying computing power to mining pools in exchange for digital asset rewards.

Company profile, executives and history

The9 stock: common questions

What is The9's stock price?

NCTY closed at $2.73 on Nov 13, 2026, up 0.00% on the day.

What is The9's market cap?

The9 was worth $41.57M at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is NCTY's P/E ratio?

The9 lost money over fiscal 2025 (diluted EPS -0.18 CNY), so it has no meaningful P/E ratio.

How much revenue does The9 make?

The9 reported revenue of CN¥107.90M for fiscal 2025, down 3.4% from a year earlier.

Does The9 pay a dividend?

No. The9 has not paid a cash dividend over the last twelve months.

How has NCTY stock performed over the past year?

Including dividends, NCTY returned -60.1% over the past year, against +13.5% for the S&P 500.

Who are The9's competitors?

Companies most similar to The9 by business, industry and size include JFU, BGIN, BTBT, HKD, ZNB.

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