The9 Limited

NCTYNASDAQTechnology● Active

$4.68

$-0.01(-0.21%)

Market Cap$21889113

P/E Ratio—

52W High$11.6

52W Low$4.35

Avg Volume32K

Open$4.68

Beta2.13

Net Income Financials Revenue

The9 Limited (NCTY) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

NCTY · net income · updated Jun 8, 2026

Core profitability metrics

NCTY · net income · margin · TTM · CAGR

Net income was −$402.4M for FY2025 (fiscal year ending 2025-12-31), down 440.5% year-over-year. Net profit margin was -373.0%. Based on available data, The9 Limited has been profitable since at least 2020.

FY2025 Net Income−$402.4M▼ -440.5% YoY

Trailing 12M (TTM)−$189.5Mtrailing 4 quarters sum

Net Profit Margin-373.0%−$402.4M ÷ $107.9M

YoY Change-440.5%—

5-Year CAGRN/AN/A — contains loss years

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2020

▸ FMP /income-statement · Annual · NCTY net income history · NCTY profit margin

Annual net income data

NCTY · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025Loss−$402.4M▼ 440.5%-373.0%$107.9M

FY2024Loss−$74.5M▲ +46.3%-65.7%$113.3M

FY2023Loss−$138.8M▲ +85.8%-79.8%$174.0M

FY2022Loss−$974.9M▼ 140.2%-929.1%$104.9M

FY2021Loss−$405.9M▼ 202.0%-302.7%$134.1M

Net income vs peers (Technology)

NCTY vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

The9 LimitedYOU

NCTY

−$402.4M-440.5%-373.0%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

The9 Limited (NCTY) reported net income of −$402.4M for FY2025 (fiscal year ending 2025-12-31), down 440.5% year-over-year. The net profit margin was -373.0% — meaning the company kept $-3.73 of every dollar of revenue as profit.

Based on available data, The9 Limited has been profitable since at least 2020. Net income reached a peak of $397.9M in FY2020. Data available for 15 fiscal years.

The9 Limited's net profit margin was -373.0% for FY2025, based on the latest annual results.

Investors sometimes search for "The9 Limited net worth" — the company's market capitalization is a separate figure from NCTY net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

NCTY net income · 4 questions

The9 Limited is not currently profitable on an annual basis. The company reported a net loss of $402.4M for FY2025.

is NCTY profitabledoes NCTY make a profitNCTY profitabilityNCTY profitable company

▸ Source: FMP /income-statement · GAAP · The9 Limited · The9 Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026