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Updated 4h ago
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The9 LimitedNasdaqCM:NCTY Stock Report

Market Cap US$68.5m
Updated 4h ago
Share Price
n/a
1Y-60.1%
7D-22.3%
1D-15.8%
Portfolio Value
​
View

The9 Limited

NasdaqCM:NCTY Stock Report

Market Cap: US$68.5m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

The9 (NCTY) Stock Overview

Operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. More details

NCTY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Price-To-Earnings ratio (8.8x) is below the US market (18.7x)

Became profitable this year

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

Shareholders have been diluted in the past year

Large one-off items impacting financial results

Does not have a meaningful market cap ($69M)


NCTY Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Top Community Narratives

HU
52.6% undervalued intrinsic discount
Hunter_Z
•15d ago

The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially

18
2
2
AN
52.6% undervalued intrinsic discount
Anthony_Lee
•16d ago

US Stocks Welcome AI Pharmaceutical Unicorn, Chinese Capital Bets 6 Years On

49
3
1

Top Community Narratives

HU
52.6% undervalued intrinsic discount
Hunter_Z
•15d ago

The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially

18
2
2
AN
52.6% undervalued intrinsic discount
Anthony_Lee
•16d ago

US Stocks Welcome AI Pharmaceutical Unicorn, Chinese Capital Bets 6 Years On

49
3
1
View all narratives

The9 Limited Competitors

WM Technology

Symbol: OTCPK:MAPS
Market cap: US$64.9m

Argo Blockchain

Symbol: NasdaqCM:ARBK
Market cap: US$39.9m

FatPipe

Symbol: NasdaqCM:FATN
Market cap: US$80.1m

Intellicheck

Symbol: NasdaqGM:IDN
Market cap: US$55.3m

Price History & Performance

Summary of share price highs, lows and changes for The9
Historical stock prices
Current Share PriceUS$3.79
52 Week HighUS$11.60
52 Week LowUS$3.14
Beta2.09
1 Month Change-16.34%
3 Month Change-17.25%
1 Year Change-60.15%
3 Year Change-46.41%
5 Year Change-96.91%
Change since IPO-99.90%

Recent News & Updates

User avatar
New Narrative • Aug 25

The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially

Increase driven by the fair-value recognition of 9BIT tokens received under the Company's cooperation agreement with the 9BIT Foundation as the9bit continued to expand AI capabilities, community engagement and commercial partnerships SHANGHAI, Aug. 24, 2026 - The9 Limited (Nasdaq: NCTY ) ("The9" or the "Company"), a global, diversified high-tech company, today reported its unaudited financial results for the three months ended June 30, 2026.
User avatar
New Narrative • Aug 24

US Stocks Welcome AI Pharmaceutical Unicorn, Chinese Capital Bets 6 Years On

The US biotech sector is seeing a long-awaited resurgence of risk appetite in August. On August 19th local time, Moderna and Merck announced positive results from their Phase III study of a personalized mRNA cancer vaccine in combination with Keytruda.

Recent updates

User avatar
New Narrative • Aug 25

The9 Reports US$32 Million Net Income for Second Quarter of 2026, Up Over 39% Sequentially

Increase driven by the fair-value recognition of 9BIT tokens received under the Company's cooperation agreement with the 9BIT Foundation as the9bit continued to expand AI capabilities, community engagement and commercial partnerships SHANGHAI, Aug. 24, 2026 - The9 Limited (Nasdaq: NCTY ) ("The9" or the "Company"), a global, diversified high-tech company, today reported its unaudited financial results for the three months ended June 30, 2026.
User avatar
New Narrative • Aug 24

US Stocks Welcome AI Pharmaceutical Unicorn, Chinese Capital Bets 6 Years On

The US biotech sector is seeing a long-awaited resurgence of risk appetite in August. On August 19th local time, Moderna and Merck announced positive results from their Phase III study of a personalized mRNA cancer vaccine in combination with Keytruda.
Analysis Article • Aug 17

Some The9 Limited (NASDAQ:NCTY) Shareholders Look For Exit As Shares Take 25% Pounding

NasdaqCM:NCTY 1 Year Share Price vs Fair Value Explore The9's Fair Values from the Community and select yours To the...
Analysis Article • Jun 14

Some Confidence Is Lacking In The9 Limited (NASDAQ:NCTY) As Shares Slide 31%

The9 Limited ( NASDAQ:NCTY ) shareholders that were waiting for something to happen have been dealt a blow with a 31...
Analysis Article • Mar 07

The9 Limited's (NASDAQ:NCTY) 28% Share Price Plunge Could Signal Some Risk

Unfortunately for some shareholders, the The9 Limited ( NASDAQ:NCTY ) share price has dived 28% in the last thirty...
Analysis Article • Jan 13

The9 Limited's (NASDAQ:NCTY) Share Price Could Signal Some Risk

It's not a stretch to say that The9 Limited's ( NASDAQ:NCTY ) price-to-sales (or "P/S") ratio of 5.7x right now seems...
Analysis Article • Aug 06

Market Cool On The9 Limited's (NASDAQ:NCTY) Revenues Pushing Shares 29% Lower

The9 Limited ( NASDAQ:NCTY ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article • Jun 18

The9 Limited (NASDAQ:NCTY) Stock Rockets 32% But Many Are Still Ignoring The Company

Despite an already strong run, The9 Limited ( NASDAQ:NCTY ) shares have been powering on, with a gain of 32% in the...
Analysis Article • May 03

A Piece Of The Puzzle Missing From The9 Limited's (NASDAQ:NCTY) 27% Share Price Climb

The9 Limited ( NASDAQ:NCTY ) shares have continued their recent momentum with a 27% gain in the last month alone. The...
Analysis Article • Mar 05

Cautious Investors Not Rewarding The9 Limited's (NASDAQ:NCTY) Performance Completely

With a price-to-sales (or "P/S") ratio of 1x The9 Limited ( NASDAQ:NCTY ) may be sending very bullish signals at the...

Shareholder Returns

NCTYUS SoftwareUS Market
7D-22.3%-1.6%0.9%
1Y-60.1%-5.9%15.5%

Return vs Industry: NCTY underperformed the US Software industry which returned -5.9% over the past year.

Return vs Market: NCTY underperformed the US Market which returned 15.5% over the past year.

Price Volatility

Is NCTY's price volatile compared to industry and market?
NCTY volatility
NCTY Average Weekly Movement20.2%
Software Industry Average Movement9.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.0%

Stable Share Price: NCTY's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: NCTY's weekly volatility has increased from 14% to 20% over the past year.

About the Company

FoundedEmployeesCEOWebsite
199944George Laiwww.the9.com

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.

The9 Limited Fundamentals Summary

How do The9's earnings and revenue compare to its market cap?
NCTY fundamental statistics
Market capUS$68.51m
Earnings (TTM)US$6.58m
Revenue (TTM)US$9.47m
8.8x
P/E Ratio
6.1x
P/S Ratio

Is NCTY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NCTY income statement (TTM)
RevenueCN¥63.51m
Cost of RevenueCN¥55.71m
Gross ProfitCN¥7.79m
Other Expenses-CN¥36.34m
EarningsCN¥44.13m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.90
Gross Margin12.27%
Net Profit Margin69.50%
Debt/Equity Ratio34.8%

How did NCTY perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 23:46
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The9 Limited is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eddie LeungBofA Global Research
Alicia YapCitigroup Inc
Di WeiJ.P. Morgan

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