The9 LTD NCTY
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $15.43M, +0.8% YoY · Filed Apr 16, 2026
The9 LTD (NCTY) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $15.4 million and a net loss of $58.5 million. As of Dec 31, 2025 it held $32.9 million in cash and investments and $26.7 million in total debt.
Revenue
$15.43M
+0.8% vs prior year
Net income
$-58.47M
-479.6% vs prior year
Operating cash flow
$-4.54M
+25.0% vs prior year
Free cash flow
—
EPS
$-0.03
-200.0% vs prior year
Dividend per share
None
Shares outstanding
4.57B
+3651.3% vs prior year
Net cash
$6.23M
FY 2025
Operating margin
-260.5%
FY 2025
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- NCTY (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Shanghai
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 1296774
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $15.4M | $15.3M | $174.0M | $15.7M | $21.3M |
| Operating income | -$40.2M | -$8.1M | -$44.8M | -$95.9M | -$48.3M |
| Net income | -$58.5M | -$10.1M | $1.8M | -$142.0M | -$65.4M |
| Diluted EPS | -$0.03 | -$0.01 | — | -$0.20 | -$0.13 |
| Operating cash flow | -$4.5M | -$6.1M | -$6.5M | -$22.4M | -$107.9M |
| Total assets | $84.9M | $87.2M | $51.2M | $86.9M | $205.6M |
| Total liabilities | $50.2M | $28.7M | $25.7M | $82.9M | $85.8M |
| Stockholders' equity | $27.3M | $46.4M | $29.1M | $6.6M | $121.8M |
| Cash and investments | $32.9M | $1.5M | $6.4M | $8.4M | $67.4M |
| Total debt | $26.7M | $12.8M | $1.0M | $1.9M | $1.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 2, 2026 | Nov 2, 2026 |
| 6-K | Current report (foreign issuer) | Sep 28, 2026 | Sep 28, 2026 |
| 6-K | Current report (foreign issuer) | Aug 24, 2026 | Aug 24, 2026 |
| 6-K | Current report (foreign issuer) | Aug 21, 2026 | Aug 21, 2026 |
| 6-K | Current report (foreign issuer) | Aug 6, 2026 | Aug 6, 2026 |
| 6-K | Current report (foreign issuer) | Jul 27, 2026 | Jul 27, 2026 |
Source: SEC EDGAR filings. This is company-reported data, not investment advice.