Financials in USD. Standardized financial statements.
A compact view of how The9 Limited turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $107.90M | $113.30M | $174.02M | $104.93M | $134.12M | $625,488 | $340,570 | $18.11M | $71.31M | $58.79M |
| Revenue Growth? | -4.8% | -34.9% | +65.8% | -21.8% | +21341.8% | +83.7% | -98.1% | -74.6% | +21.3% | 0.0% |
| Cost of Revenue? | $106.09M | $114.92M | $213.15M | $152.31M | $86.89M | $769,689 | $3.19M | $17.08M | $23.18M | $50.75M |
| Gross Profit? | $1.81M | -$1.63M | -$39.13M | -$47.38M | $47.22M | -$188,648 | -$2.85M | $1.04M | $48.12M | $8.03M |
| Gross Margin? | +1.7% | -1.4% | -22.5% | -45.2% | +35.2% | -30.2% | -835.5% | +5.7% | +67.5% | +13.7% |
| Operating Expenses? | $249.56M | $161.19M | $200.46M | $614.15M | $313.00M | -$336.90M | $126.88M | $121.01M | $158.93M | $238.83M |
| Operating Income? | -$247.76M | -$162.81M | -$239.59M | -$661.53M | -$265.78M | $336.71M | -$129.72M | -$119.97M | -$110.80M | -$230.80M |
| EBITDA? | -$369.85M | -$100.44M | -$152.74M | -$369.62M | -$219.00M | -$111.55M | -$126.95M | -$116.18M | -$105.64M | -$212.53M |
| Income Before Tax | -$408.81M | -$74.69M | -$144.26M | -$693.41M | -$411.43M | $400.60M | -$195.64M | -$248.62M | -$109.27M | -$704.15M |
| Income Tax Expense | $110,000 | $0 | $0 | $0 | $0 | $7.17M | $0 | $0 | $0 | -$6.36M |
| Net Income? | -$402.45M | -$74.46M | -$138.79M | -$974.86M | -$405.91M | $397.88M | -$190.11M | -$268.08M | -$170.88M | -$707.81M |
| EPS? | $-51.00 | $-15.69 | $6.00 | $-288.00 | $-234.00 | $726.00 | $-576.00 | $-1245.00 | $-1572.00 | $-8502.00 |
| Diluted EPS? | $-51.00 | $-15.69 | $6.00 | $-288.00 | $-234.00 | $726.00 | $-537.00 | $-1245.00 | $-1572.00 | $-8502.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality