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NCTY: financial statements from SEC — TradeAlmanac

NCTY

The9 Limited - American Depository Shares: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	108M	15M	174M	105M
Cost of revenue	106M	113M	213M	152M
Gross profit	2M	−219,000	−39M	−47M
Research and development	10M	856,000	2M	2M
Selling, general and administrative	206M	22M	197M	360M
Operating expenses	283M	57M	279M	614M
Operating income	−281M	−8M	−318M	−662M
Pre-tax income	−408M	−73M	−144M	−693M
Income tax	110,000	0	0	0
Net income	−402M	−73M	20M	−975M
Earnings per share	−0.18	−0.01	0.02	−1.36
Earnings per share, diluted	−0.18	−0.05	0.02	−1.36
Weighted average shares	2.27B	1M	1M	720,237
Weighted average shares, diluted	2.27B	1M	1M	720,237

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	58M	1M	45M	58M	428M
Receivables	—	—	—

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−32M	−6M	−46M	−154M
Share-based compensation	116M	45M	71M	202M
Investing cash flow	1M	−8M	4M	−250M
Financing cash flow

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator