The9 Past Earnings Performance
Past criteria checks 2/6
The9 has been growing earnings at an average annual rate of 29.4%, while the Software industry saw earnings growing at 31.8% annually. Revenues have been declining at an average rate of 4.5% per year. The9's return on equity is 6%, and it has net margins of 69.5%.
Key information
29.43%
Earnings growth rate
48.91%
EPS growth rate
| Software Industry Growth | 17.33% |
| Revenue growth rate | -4.55% |
| Return on equity | 5.99% |
| Net Margin | 69.50% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
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.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.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...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...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...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...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...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...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...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...Revenue & Expenses Breakdown
How The9 makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 64 | 44 | 246 | 16 |
| 31 Mar 26 | 84 | -179 | 244 | 13 |
| 31 Dec 25 | 108 | -402 | 240 | 10 |
| 30 Sep 25 | 95 | -272 | 203 | 5 |
| 30 Jun 25 | 82 | -143 | 166 | 1 |
| 31 Mar 25 | 103 | -140 | 162 | 1 |
| 31 Dec 24 | 112 | -73 | 158 | 1 |
| 30 Sep 24 | 139 | 29 | 140 | 1 |
| 30 Jun 24 | 176 | 132 | 134 | 2 |
| 31 Mar 24 | 178 | -3 | 169 | 2 |
| 31 Dec 23 | 174 | -137 | 199 | 2 |
| 30 Sep 23 | 159 | -219 | 158 | 2 |
| 30 Jun 23 | 172 | -739 | 396 | 3 |
| 31 Mar 23 | 145 | -857 | 446 | 3 |
| 31 Dec 22 | 105 | -689 | 363 | 2 |
| 30 Sep 22 | 87 | -791 | 454 | 2 |
| 30 Jun 22 | 61 | -865 | 518 | 2 |
| 31 Mar 22 | 98 | -638 | 417 | 2 |
| 31 Dec 21 | 136 | -387 | 291 | 2 |
| 30 Sep 21 | 131 | -251 | 235 | 2 |
| 30 Jun 21 | 126 | -91 | 155 | 3 |
| 31 Mar 21 | 63 | 153 | 132 | 3 |
| 31 Dec 20 | 1 | 397 | 109 | 2 |
| 30 Sep 20 | 1 | 310 | 124 | 4 |
| 30 Jun 20 | 1 | 222 | 139 | 5 |
| 31 Mar 20 | 0 | 16 | 128 | 9 |
| 31 Dec 19 | 0 | -191 | 116 | 13 |
| 30 Sep 19 | 4 | -201 | 106 | 17 |
| 30 Jun 19 | 7 | -211 | 97 | 21 |
| 31 Mar 19 | 12 | -235 | 94 | 23 |
| 31 Dec 18 | 17 | -258 | 92 | 25 |
| 30 Sep 18 | 43 | -191 | 83 | 29 |
| 30 Jun 18 | 68 | -124 | 75 | 33 |
| 31 Mar 18 | 70 | -149 | 96 | 39 |
| 31 Dec 17 | 73 | -175 | 118 | 45 |
| 30 Sep 17 | 61 | -281 | 144 | 52 |
| 30 Jun 17 | 49 | -386 | 169 | 59 |
| 31 Mar 17 | 53 | -531 | 160 | 68 |
| 31 Dec 16 | 56 | -677 | 150 | 78 |
| 30 Sep 16 | 51 | -675 | 153 | 97 |
| 30 Jun 16 | 45 | -674 | 155 | 116 |
| 31 Mar 16 | 46 | -529 | 159 | 126 |
| 31 Dec 15 | 46 | -385 | 163 | 135 |
| 30 Sep 15 | 54 | -251 | 160 | 137 |
Quality Earnings: NCTY has a large one-off loss of CN¥176.1M impacting its last 12 months of financial results to 30th June, 2026.
Growing Profit Margin: NCTY became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NCTY has become profitable over the past 5 years, growing earnings by 29.4% per year.
Accelerating Growth: NCTY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NCTY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (27.2%).
Return on Equity
High ROE: NCTY's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 22:38 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
| Analyst | Institution |
|---|---|
| Eddie Leung | BofA Global Research |
| Alicia Yap | Citigroup Inc |
| Di Wei | J.P. Morgan |