Stocktoria

The9 LTD NCTY

Nasdaq · stock · Finance Services · website · IPO 2004-12-16

The9 LTD statistics & valuation

Profitability & efficiency

Gross margin (%)
2.00% 10.40% 0.80% -42.10% -30.20% 35.20% -55.30% -2.70% -1.40% 1.70% 2016201720182019202020212022202320242025
Operating margin (%)
-75.60% -23.80% -87.10% -6886.30% 8250.00% -226.40% -556.40% -25.70% -52.60% -260.50% 2016201720182019202020212022202320242025
Return on equity (%)
-53.00% -2151.60% 9.70% -21.70% 2016201720182019202020212022202320242025
Shares outstanding
57.3M 96.6M 146.7M 121.8M 163.6M 495.3M 720237 1.01B 1.40B 4.57B 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-192.80% -54.30% -131.80% -98.00% 821.40% -31.40% -162.70% 5.50% -11.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$1.79 $2.42 -$0.13 -$0.20 $0.02 -$0.01 -$0.03 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin1.7%-1.4%-2.7%-55.3%35.2%-30.2%-42.1%0.8%10.4%2.0%
Operating margin-260.5%-52.6%-25.7%-556.4%-226.4%8250.0%-6886.3%-87.1%-23.8%-75.6%
Net margin—-65.7%1.6%-820.0%-302.7%63611.7%-7478.5%-180.5%-36.8%-173.2%
Return on assets—-11.5%5.5%-162.7%-31.4%821.4%-98.0%-131.8%-54.3%-192.8%
Return on equity—-21.7%9.7%-2151.6%-53.0%-59.6%14.4%20.0%21.8%96.4%
Current ratio1.001.191.370.701.930.120.150.040.220.15

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.