The9 Limited (NCTY) Earnings History
Profitable25 years of earnings data (2001–2025) · Positive TTM net income
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The9 Limited (NCTY) Earnings Overview
As of September 25, 2026, The9 Limited (NCTY) reported trailing twelve-month net income of $593M, reflecting -225.0% year-over-year growth. The company earned $56.19 per diluted share over the past four quarters, with a net profit margin of -373.0%.
Looking at the long-term picture, NCTY's historical earnings data spans multiple years. The company achieved its highest annual net income of $398M in fiscal 2020.
The9 Limited maintains positive profitability with a gross margin of 1.7%, operating margin of -229.6%, and net margin of -373.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including SOHU ($229M net income, 67.4% margin), GRVY ($59.50B net income, 12.0% margin), NTES ($32.49B net income, 30.0% margin), NCTY has room to improve margins relative to the peer group. Compare NCTY vs SOHU →
NCTY Earnings vs Peers
Earnings metrics vs comparable public companies
NCTY Historical Earnings Data (2001–2025)
25 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$402M | -440.5% | -$248M | $-51.00 | -373.0% | -229.6% |
| 2024 | -$74M | +46.3% | -$163M | $-15.69 | -65.7% | -143.7% |
| 2023 | -$139M | +85.8% | -$240M | $6.00 | -79.8% | -137.7% |
| 2022 | -$975M | -140.2% | -$662M | $-288.00 | -929.1% | -630.5% |
| 2021 | -$406M | -202.0% | -$266M | $-234.00 | -302.7% | -198.2% |
| 2020 | $398M | +309.3% | $337M | $726.00 | 63611.7% | 53831.3% |
| 2019 | -$190M | +29.1% | -$130M | $-537.00 | -55820.6% | -38089.6% |
| 2018 | -$268M | -56.9% | -$120M | $-1245.00 | -1480.1% | -662.4% |
| 2017 | -$171M | +75.9% | -$111M | $-1572.00 | -239.6% | -155.4% |
| 2016 | -$708M | -78.3% | -$231M | $-8502.00 | -1204.1% | -392.6% |
| 2015 | -$397M | -184.1% | -$330M | $-4965.00 | -828.8% | -689.1% |
| 2014 | -$140M | +71.3% | -$338M | $-1395.00 | -219.1% | -530.0% |
| 2013 | -$487M | +6.5% | -$498M | $-6813.00 | -462.5% | -472.3% |
| 2012 | -$521M | -61.1% | -$568M | $-12591.00 | -340.9% | -371.6% |
| 2011 | -$323M | -6.7% | -$403M | $-138.00 | -309.1% | -385.4% |
| 2010 | -$303M | +20.8% | -$308M | $-11934.00 | -301.8% | -307.1% |
| 2009 | -$383M | -404.7% | -$404M | $-9564.00 | -50.3% | -53.1% |
| 2008 | $126M | -46.0% | $222M | $2097.00 | 7.2% | 12.7% |
| 2007 | $232M | -24.5% | $245M | $5229.00 | 18.9% | 19.9% |
| 2006 | $308M | +374.9% | $266M | $7626.00 | 31.7% | 27.4% |
| 2005 | $65M | +437.8% | $59M | $1755.00 | 14.1% | 12.8% |
| 2004 | $12M | -75.2% | -$10M | $252.00 | 34.7% | -28.1% |
| 2003 | $48M | +284.0% | -$6M | $1194.00 | 280.7% | -35.0% |
| 2002 | -$26M | -64.6% | -$20M | $-1746.00 | -803.0% | -600.9% |
| 2001 | -$16M | - | -$15M | $-1104.00 | -289.5% | -279.2% |
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NCTY — Frequently Asked Questions
Quick answers to the most common questions about buying NCTY stock.
What is NCTY earnings per share (EPS)?
NCTY trailing twelve-month (TTM) diluted EPS is $56.19, reflecting -225.0% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2001 to 2025 is available in the table on this page.
What is The9 Limited's net income?
The9 Limited (NCTY) trailing twelve-month net income is $593M as of 2025. Earnings declined -225.0% year-over-year.
Is NCTY profitable?
Yes, NCTY is profitable with a TTM net income of $593M and a net profit margin of -373.0%.
What is NCTY's earnings growth rate?
NCTY compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2001 to 2025.
What are NCTY's profit margins?
The9 Limited net profit margin is -373.0%, operating margin is -229.6%, and gross margin is +1.7%. Below-average margins reflect competitive or cost pressures. Return on Equity is -120.1%.
Is NCTY growing earnings?
NCTY earnings are declining — EPS fell -225.0% year-over-year. TTM net income dropped to $593M. This contrasts with the 5-year CAGR of N/A.
What was NCTY's best earnings year?
The9 Limited's highest annual net income on record is $398M, achieved in fiscal year 2020. Earnings history on this page spans 2001 to 2025 and includes all annual and quarterly figures.
What were NCTY's earnings last quarter?
NCTY's most recent reported quarter was Q2 2026. Net income was $378M with diluted EPS of $36.00. For a full breakdown of all quarters, see the quarterly earnings table on this page.