The9 Limited (NCTY) Earnings History
Annual and quarterly earnings data from 2001 to 2025
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NCTY EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NCTY Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 1.7% | -229.6% | -373.0% |
| 2024 | -1.4% | -143.7% | -65.7% |
| 2023 | -22.5% | -137.7% | -79.8% |
| 2022 | -43.7% | -382.4% | -902.2% |
| 2021 | 35.2% | -198.2% | -302.7% |
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The9 Limited (NCTY) Earnings Overview
As of May 8, 2026, The9 Limited (NCTY) reported trailing twelve-month net income of -$228M, reflecting -225.0% year-over-year growth. The company earned $-44.75 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 $375M in fiscal 2020.
The9 Limited is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including SOHU ($149M net income, -16.8% margin), GRVY ($80.77B net income, 12.0% margin), NTES ($33.67B 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 | -$391M | -425.7% | -$241M | $-51.00 | -373.0% | -229.6% |
| 2024 | -$74M | +46.3% | -$163M | $-15.69 | -65.7% | -143.7% |
| 2023 | -$139M | +86.0% | -$240M | $6.00 | -79.8% | -137.7% |
| 2022 | -$992M | -144.4% | -$420M | $-288.00 | -902.2% | -382.4% |
| 2021 | -$406M | -208.2% | -$266M | $-234.00 | -302.7% | -198.2% |
| 2020 | $375M | +297.3% | -$106M | $726.00 | 63421.4% | -17909.4% |
| 2019 | -$190M | +29.1% | -$130M | $-537.00 | -55820.6% | -38089.6% |
| 2018 | -$268M | -56.9% | -$120M | $-1246.20 | -1480.1% | -662.4% |
| 2017 | -$171M | +75.9% | -$111M | $-1573.20 | -239.6% | -155.4% |
| 2016 | -$708M | -78.3% | -$231M | $-8502.90 | -1204.1% | -392.6% |
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Start ComparisonNCTY — Frequently Asked Questions
Quick answers to the most common questions about buying NCTY stock.
Is NCTY growing earnings?
NCTY EPS fell to $-44.75, with earnings declining -225.0%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-228M.
What are NCTY's profit margins?
The9 Limited net margin is -373.0%, with operating margin at -229.6%. Below-average margins reflect competitive or cost pressures.
How consistent are NCTY's earnings?
NCTY earnings data spans 2001-2025. The declining earnings trend is -225.0% YoY. Historical data enables comparison across business cycles.