What is The9 Limited - ADR Quarterly Revenue?

The9 Limited - ADR Quarterly Revenue The9 Ltd (ADR) Jun-2026 Quarterly Revenue is $5 Million which is growth of -80.8% YoY.

What is The9 Limited - ADR Quarterly Net Profit?

The9 Limited - ADR Quarterly Net Profit The9 Ltd (ADR) Jun-2026 Quarterly Net Profit is $221 Million which is growth of 8405.1% YoY.

What is The9 Limited - ADR Annual Revenue?

The9 Limited - ADR Annual Revenue The9 Ltd (ADR) Dec-2025 Annual Revenue is $108 Million which is growth of -3.4% YoY.

What is The9 Limited - ADR Annual Net Profit?

The9 Limited - ADR Annual Net Profit The9 Ltd (ADR) Dec-2025 Annual Net Profit is $-402 Million which is growth of -448.1% YoY.

What is The9 Limited - ADR Total Shareholders Fund?

The9 Limited - ADR Total Shareholders Fund The9 Ltd (ADR) Dec-2025 Total Shareholders Fund is $264 Million which is growth of -40.3% YoY.

What is The9 Limited - ADR Total Assets?

The9 Limited - ADR Total Assets The9 Ltd (ADR) Dec-2025 Total Assets is $594 Million which is growth of -6.7% YoY.

What is The9 Limited - ADR Book Value Per Share?

The9 Limited - ADR Book Value Per Share The9 Ltd (ADR) Book Value Per Share is $7 which is growth of 28.9% YoY.

What is The9 Limited - ADR ROE?

The9 Limited - ADR ROE The9 Ltd (ADR) ROE is 0% which is growth of 0% YoY.

What is The9 Limited - ADR Cash From Operating Activity?

The9 Limited - ADR Cash From Operating Activity The9 Ltd (ADR) Dec-2025 Cash From Operating Activity is $-32 Million which is growth of 28.1% YoY.

What is The9 Limited - ADR Net Cash Flow?

The9 Limited - ADR Net Cash Flow The9 Ltd (ADR) Dec-2025 Net Cash Flow is $48 Million which is growth of 252.1% YoY.

The9 Limited - ADR

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The9 Ltd (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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The9 Ltd (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

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NEGATIVE
Quarterly Revenue The9 Ltd (ADR) Jun-2026 Quarterly Revenue is $5 Million which is growth of -80.8% YoY.
POSITIVE
Quarterly Net Profit The9 Ltd (ADR) Jun-2026 Quarterly Net Profit is $221 Million which is growth of 8405.1% YoY.

The9 Limited - ADR, Earnings Report - Quarterly Results, standalone, All financials are in CNY Million and price data in USD
Indicator	Jun '26	Mar '26	Dec '25	Jun '25	Mar '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22	Jun '22	Dec '21	Jun '21
SR_Q Operating Rev.	4.8	12.8	-	25.1	37	-	-	-	-	-	-	-	-
CostOfRevenue_Q Cost Of Rev.	2.7	10.3	-	28.3	35.1	-	-	-	-	-	-	-	-
GrossProfit_Q Gross Profit	2.2	2.5	-	-3.2	1.9	-	-	-	-	-	-	-	-
OEXPNS_Q Operating Exp. ⌄	40	40.8	-	34.4	33.5	-	-	-
AdminAndSellingExpenses_Q Admin Plus Selling Exp.	36.9	37.2	-	34.2	33.4	-	-	-	-	-	-	-	-
ResearchAndDevlopmentExpenses_Q RnD Exp.	3	3.6	-	0.1	0.2	-	-	-	-	-	-	-	-
OP_Q Operating Profit	-37.8	-38.3	-	-37.6	-31.6	-	-	-
NetNonOperIntIncExp_Q Net Non Operations Interest Incuding Expenses ⌄	-11.5	-11.6	-	-4.1	-2.2	-	-	-	-	-	-	-	-
Others_Q Other Interest Earned	-	-	-	-	-	-	-	-	-	-	-	-	-
IntExpNonOperating_Q Interest Exp. Non Operating	11.5	11.6	-	4.1	2.2	-	-	-	-	-	-	-	-
PBT_Q Profit Before Tax	220.1	155.6	-	-2.5	-64.8	-	-	-	-	-	-	-	-
TAX_Q Tax			-	0.1		-	-	-	-	-	-	-	-
NICommonStockholders_Q Net Income Common Stockholders ⌄	220.9	156.8	-	-2.7	-66.2	-	-	-	-	-	-	-	-
NP_Q Net Profit	220.9	156.8	-	-2.7	-66.2	-	-	-	-	-	-	-	-
NIIncludingNoncontrollingInterests_Q Net Income Including Non controlling Interests	220.1	155.6	-	-3.5	-64.4	-	-	-	-	-	-	-	-
DilutedNIAvailtoComStockholders_Q Diluted NI Avail to Com Stockholders Ann.	220.9	156.8	-	-2.7	-66.2	-	-	-	-	-	-	-	-
EPS_Q Basic EPS	21	15	-		-12	-	-	-	-	-	-	-	-
AfterDilutedEPS_Q Diluted EPS After ExtraOrdinary	-4.5	13.4	-	-4.9	-6.4	-	-	-	-	-	-	-	-
SHARE_Q Number Of Shares End	10.6	10.4	-	5.7	5.6	-	-	-	956.5	861	760.8	691.4	580.6
NIContinuingDiscontinuedOper_Q Net Income Continuing Discontinued Operations	220.9	156.8	-	-2.7	-66.2	-	-	-	-	-	-	-	-
NormalizedIncome_Q Normalized Income	-47.8	140.2	-	-30.8	-34.9	-	-	-	-	-	-	-	-
InterestIncome_Q Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-
INT_Q Interest	11.5	11.6	-	4.1	2.2	-	-	-	-	-	-	-	-
NetInterestIncome_Q Net Interest Income	-11.5	-11.6	-	-4.1	-2.2	-	-	-	-	-	-	-	-
EBIT_Q EBIT	231.6	167.2	-	1.6	-62.5	-	-	-	-	-	-	-	-
EBITDA_Q EBITDA	236.2	173.1	-	4.8	-58	-	-	-	-	-	-	-	-
ReconciledCostOfRevenue_Q Reconciled Cost Of Rev.	2.7	10.3	-	28.3	35.1	-	-	-	-	-	-	-	-
ReconciledDepreciation_Q Reconciled Depr.	4.6	5.9	-	3.2	4.5	-	-	-	-	-	-	-	-
ProfitLossFromContinuingOperations_Q Profit From Continuing Operations	220.1	155.6	-	-3.5	-64.4	-	-	-	-	-	-	-	-
NormalizedEBITDA_Q Normalized EBITDA	-32.5	156.5	-	-32.7	-26.7	-	-	-	-	-	-	-	-

*All financials are in CNY Million and price data in USD

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The9 Ltd (ADR) competitor comparison and performance snapshot within industry

The9 Ltd (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

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NEGATIVE
Annual Revenue The9 Ltd (ADR) Dec-2025 Annual Revenue is $108 Million which is growth of -3.4% YoY.
NEGATIVE
Annual Net Profit The9 Ltd (ADR) Dec-2025 Annual Net Profit is $-402 Million which is growth of -448.1% YoY.

The9 Limited - ADR, Earnings Report - Annual Results, standalone, All financials are in CNY Million and price data in USD
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
SR_A Total Rev. Ann. ⌄	-3.2%	182.5%	107.9	111.7	179.1	118.9	135.9	0.6	0.3	17.4	73.2	56.2	46.4
TotalOperatingRevenues_A Operating Rev. Ann.	-3.2%	182.5%	107.9	111.7	179.1	118.9	135.9	0.6	0.3	16.6	71.6	48.6	40.5
CostOfRevenue_A Cost Of Rev. Ann.	-16.9%	165.8%	106.1	113.3	211.9	184.6	88	0.8	1.3	16.4	23.8	48.5	67.7
GrossProfit_A Gross Profit Ann.	-	-	1.8	-1.6	-32.9	-65.7	47.8	-0.2	-1	1	49.4	7.7	-21.3
OEXPNS_A Operating Exp. Ann.	-20.5%	17.4%	249.6	158.9	206.8	497.4	317.1	111.8	129	116.2	162.7	224.7	308.5
OP_A Operating Profit Ann.	-	-	-247.8	-160.5	-239.6	-563.1	-269.3	-112	-130	-115.2	-113.3	-217	-329.8
NetNonOperIntIncExp_A Net Non Operations Interest Incuding Expenses Ann, ⌄	-	-	-22.8	-34.2	-31.4	-23.2	-119.2	-3.6	-34.5	-104.6	-83.9	-56.3	-5.6
Others_A Other Interest Earned Ann.	-	4.6%	0.5	-	-			0.4	0	0.2	0	0.2	0.8
IntExpNonOperating_A Interest Exp. Non Operating Ann.	0.1%	41.6%	23.3	34.2	31.4	23.2	119.2	4.1	34.5	104.8	83.9	56.5	6.4
OtherExpenses_A Other Exp. Ann.	-	-	-137.7	122.2	126.7	-393.2	-26.7	518.4	-28.8	-15.2	27.5	-289.3	-5.7
PBT_A PBT Ann.	-	-	-408.2	-72.5	-144.3	-979.5	-415.1	402.8	-193.3	-235	-169.7	-562.6	-341.2
TAX_A Tax Ann.	-	-57.5%	0.1					7.2				-6.1
NICommonStockholders_A Net Income Common Stockholders Ann. ⌄	-	-	-402.5	-73.4	20	-974.9	-411.2	396.7	-190.6	-258	-175.3	-676.7	-384.6
NP_A Net Profit Ann.	-	-	-402.5	-73.4	20	-974.9	-411.2	397.9	-177.8	-217.1	-118.2	-593.8	-304.8
NIIncludingNoncontrollingInterests_A Net Income Including Non controlling Interests Ann.	-	-	-408.9	-73.6	12.6	-979.5	-416.8	393.4	-196.2	-239.3	-112.1	-667.1	-354.2
DilutedNIAvailtoComStockholders_A Diluted NI Avail to Com Stockholders Ann.	-	-	-402.5	-73.4	20	-974.9	-411.2	396.7	-190.6	-258	-175.3	-676.7	-384.6
EPS_A EPS Ann.	-	-	-54	-15	6	-405	-249	726	-537	-1,245	-1,572	-8,502	-4,965
DilutedEPS_A Diluted EPS Ann.	-	-	-54	-15	6	-405	-249	726	-537	-1,245	-1,572	-8,502	-4,965
SHARE_Q Number Of Shares End	-	-	-	-	-	861	691.4	264.7	112.9	91.3	44.5	23.9	23.7
TotalExpenses_A Total Exp. Ann.	-19.5%	25.9%	355.7	272.3	418.7	682	405.1	112.6	130.4	132.7	186.5	273.2	376.3
NIContinuingDiscontinuedOper_A Net Income Continuing Discontinued Operations Ann.	-	-	-402.5	-73.4	20	-974.9	-411.2	397.9	-177.8	-217.1	-118.2	-593.8	-304.8
NormalizedIncome_A Normalized Income Ann.	-	-	-262.6	-200.8	-255.3	-571.7	-429.2	-108.2	-139.6	-200.3	-141	-317.5	-301
InterestIncome_A Interest Income Ann.	-	4.6%	0.5	-	-			0.4	0	0.2	0	0.2	0.8
INT_A Interest Ann.	0.1%	41.6%	23.3	34.2	31.4	23.2	119.2	4.1	34.5	104.8	83.9	56.5	6.4
EBITDA_A EBITDA Ann.	-	-	-369.9	23.2	-26	-864.9	-248.5	407.3	-154.6	-124.6	-78.6	-486.8	-302.2
ReconciledCostOfRevenue_A Reconciled Cost Of Rev. Ann.	-16.9%	165.8%	106.1	113.3	211.9	184.6	88	0.8	1.3	16.4	23.8	48.5	67.7
ReconciledDepreciation_A Reconciled Depr. Ann.	-45.1%	97.7%	15.1	61.5	86.9	91.4	47.4	0.5	4.2	5.6	7.2	19.4	32.6
ProfitLossFromContinuingOperations_A Profit From Continuing Operations Ann.	-	-	-408.9	-73.6	12.6	-979.5	-416.8	393.4	-196.2	-239.3	-112.1	-667.1	-354.2
NormalizedEBITDA_A Normalized EBITDA Ann.	-	-	-230	-104.2	-144.4	-461.8	-266.4	-109.1	-116.4	-107.9	-101.4	-207.4	-298.4

*All financials are in CNY Million and price data in USD

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Total Rev. Ann.

1Y CHG

-3.4%

2Y CAGR

-22.4%

3Y CAGR

-3.2%

5Y CAGR

182.5%

7Y CAGR

29.8%

10Y CAGR

8.8%

Total Revenue Annual is falling faster than historical averages.

Operating Exp. Ann.

1Y CHG

57.1%

2Y CAGR

9.9%

3Y CAGR

-20.5%

5Y CAGR

17.4%

7Y CAGR

11.5%

10Y CAGR

-2.1%

Operating Expenses Annual Cr growth is higher than historical averages.

The9 Ltd (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

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NEGATIVE
Total Shareholders Fund The9 Ltd (ADR) Dec-2025 Total Shareholders Fund is $264 Million which is growth of -40.3% YoY.
NEGATIVE
Total Assets The9 Ltd (ADR) Dec-2025 Total Assets is $594 Million which is growth of -6.7% YoY.

The9 Limited - ADR, Balance Sheet, standalone, All financials are in CNY Million and price data in USD
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
TA_A Total Assets Ann. ⌄	-0.3%	65.1%	593.8	636.6	363.7	599.1	1,310.3	48.4	181.5	164.7	323.1	350.9	538.1
CA_A Total Current Assets Ann.	-4.9%	51.9%	342.4	243.7	222.8	397.7	1,050.5	42.3	154.5	33	183.1	88	77.3
CashEquivalentsShortTermInvestments_A Cash Equivalents and Short Term Investments Ann.	0.2%	13%	58.5	10.9	45.2	58.1	429.2	31.7	10.1	4.3	142.6	38.9	49
Receivables_A Change In Account Receivables Ann.	57.5%	53.2%	21.1	7.7	6.9	5.4	66	2.5	3.6	8.3	7.4	28.5	17.9
Inventories_A Inventories Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
OtherCurrentAssets_A Other Current Assets Ann.	-40.2%	27.6%	14.2	12.2	87.7	66.3	86.1	4.2	3	1.9	2	3.3	3.5
TotalNonCurrentAssets_A Total Non Current Assets Ann.	7.7%	110.4%	251.3	393	140.9	201.4	259.8	6.1	27	131.7	140	262.9	460.8
NetPPE_A Net PPE Ann.	-29%	55.5%	55.4	20.8	101.2	154.9	179.3	6.1	10.5	17.4	20.7	26.8	33.9
InvestmentsAndAdvances_A Investments & Advances Ann.	69.4%	-	171.6	297.2	35.3	35.3	73.9		10	45.2	48.2	163	267.5
OtherNonCurrentAssets_A Other Non Current Assets Ann.	-52.5%	-	1.2	1.2	4.4	11.2	6.6	-	-	-	0	0.1	1.9
TotalLiabilitiesNetMinorityInterest_A Total Liabilities Net Minority Interest Ann. ⌄	-15%	-13.3%	351.2	209.1	182.4	571.6	546.9	715.9	1,413.4	1,249.5	819.5	806.2	600.6
CL_A Total Current Liabilities Ann.	-15.3%	-1.2%	343.4	205.6	162.9	564.2	544.3	364.4	1,058.1	908.4	819.5	573.8	428
PayablesAndAccruedExpenses_A Payables & Accrued Exp.s Ann.	-31.1%	-11.2%	84.3	59.8	66	257.9	206.3	152.6	212.5	210.9	224.7	253.6	219.8
CurrentDebtCapLeaseObligation_A Current Debt Cap Lease Obligation Ann.	50.3%	126.6%	226.8	135	55.6	66.8	97.2	3.8	535.1	487.7	369.3	107.5	-
CurrentDeferredLiabilities_Q Current Deferred Liabilities	-24.7%	-27.5%	7.6	10.8	12.7	17.8	19	38	95.8	39.8	53.1	42.6	38.2
OtherCurrentLiabilities_A Other Current Liabilities Ann.	-21.9%	-	24.7	-	28.6	51.8	51.8	-	44.7	-	2.3	186.4	234.4
TotalNonCurrentLiabilities_A Total Non Current Liabilities Ann.	1.8%	-53.3%	7.8	3.5	19.5	7.4	2.6	351.5	355.3	341.1		232.4	172.6
LongTermDebtAndCapitalLeaseObligation_Q LT Debt & Capital Lease Obligation	1.8%	25.6%	7.8	1.6	19.5	7.4	2.6	2.5	6.3	-	-	232.4	166.9
TradeandOtherPayablesNonCurrent_A Trade & Other Payables Non Current Ann.	-	-	-	-	-	-	-	-	-	-	-	-
TotalDeferredCreditsAndOtherNonCurrentLiabilities_A Total Deferred Credits & Other Non Current Liabilities Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
TotalShareHoldersFunds_A Total ShareHolders Funds Ann. ⌄	79.9%	-	263.6	441.3	206.3	45.3	776.5	-287.7	-839	-711.6	-473.8	-339.6	-197.4
EQCAP_A Equity Share Capital Ann.	79.9%	-	263.6	441.3	206.3	45.3	776.5	-287.7	-839	-711.6	-473.8	-339.6	-197.4
CapitalStock_A Capital Stock Ann.	89.9%	85.2%	394.6	365.6	96.3	57.6	46.2	18.1	8	6.5	3.3	1.9	1.9
RetainedEarnings_A Retained Earnings Ann.	-	-	-4,832.7	-4,430.2	-4,356.8	-4,378.3	-3,403.5	-2,992.2	-3,410.9	-3,233.1	-3,016	-2,897.8	-2,304
GainsLossesNotAffectingRetainedEarnings_A Gains Losses Not Affecting Retained Earnings Ann.	-	-	-4.6	-4.6	-4.4	-5.2	-5.4	-9.4	24.3	18.9	11.6	30.7	24.7
TotalCapitalization_A Total Capitalization Ann.	79.9%	-	263.6	441.3	223	45.3	776.5	-287.7	-839	-711.6	-473.8	-107.2	-30.5
TangibleAssets_A Tangible Assets Ann.	76.2%	-	247.8	432.3	206.3	45.3	776.5	-287.7	-839	-774.2	-538.3	-406.1	-354.9
WC_A Working Capital Ann.	-	-	-1	38.1	59.9	-166.5	506.2	-322.1	-903.6	-875.4	-636.3	-485.7	-350.7
InvestedCapital_A Invested Capital Ann.	66%	-	486.2	573.5	274.2	106.3	869.3	-287.7	-307.4	-223.9	-104.5	0.3	-30.5
TangibleBookValue_A Tangible Book Value Ann.	76.2%	-	247.8	432.3	206.3	45.3	776.5	-287.7	-839	-774.2	-538.3	-406.1	-354.9
Borrowings_A Borrowings Ann.	46.8%	106.2%	234.6	136.6	75.1	74.2	99.7	6.3	541.3	487.7	369.3	339.9	166.9
NetDebt_A Net Debt Ann.	283.9%	-	164.1	121.3	22.7	2.9	-	-	521.5	483.5	226.7	301.1	117.9
ShareIssued_A Share Issued Ann.	74.4%	75.9%	4,567.7	3,739.1	1,405.2	861	691.4	271.2	112.9	91.3	44.5	23.9	23.7
SHARE_Q Number Of Shares End	-	-	-	-	-	861	691.4	264.7	112.9	91.3	44.5	23.9	23.7

*All financials are in CNY Million and price data in USD

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Total Assets Ann.

1Y CHG

-6.7%

2Y CAGR

27.8%

3Y CAGR

-0.3%

5Y CAGR

65.1%

7Y CAGR

20.1%

10Y CAGR

Total Assets Annual is falling faster than historical averages.

Total Current Liabilities Ann.

1Y CHG

67%

2Y CAGR

45.2%

3Y CAGR

-15.3%

5Y CAGR

-1.2%

7Y CAGR

-13%

10Y CAGR

-2.2%

Total Current Liabilities Annual Cr growth is higher than historical averages.

Total ShareHolders Funds Ann.

1Y CHG

-40.3%

2Y CAGR

13%

3Y CAGR

79.9%

Total ShareHolders Funds Annual is falling faster than historical averages.

The9 Ltd (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

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POSITIVE
Book Value Per Share The9 Ltd (ADR) Book Value Per Share is $7 which is growth of 28.9% YoY.
NEUTRAL
ROE The9 Ltd (ADR) ROE is 0% which is growth of 0% YoY.

The9 Limited - ADR, Ratios, standalone, All financials are in CNY Million and price data in USD
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
ROA_A RoA Ann. %	-	-	-	-14.68%	4.16%	-102.11%	-60.53%	345.10%	-110.14%	-105.79%	-52.02%	-152.23%	-72.89%
ROE_A ROE Ann. %	-	-	-	-22.68%	15.90%	-237.26%	-168.28%	-	-	-	-	-	-
ROIC_Q ROIC %	-	-	-	-	-	-	-	-	-	-	-	-	-
OPMPCT_A OPM Ann. %	-	-	-229.62%	-143.70%	-133.83%	-473.67%	-198.17%	-17,904.97%	-38,079.82%	-661.08%	-154.90%	-386.20%	-710.69%
NBTO_A Inventory Turnover Ratio Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
ASETTO_A Asset Turnover Ann. %	-	-	-	0.2	0.4	0.1	0.2	0		0.1	0.2	0.1	0.1
WCTO_A Working Capital Turnover Ann.	-	-	-112.6	2.9	3	-0.7	0.3			-0	-0.1	-0.1	-0.1
QuickRatio_A Quick Ratio Ann.	-	-	-	0.1	0.3	0.1	0.9	0.1	0	0	0.2	0.1	0.2
CRATIO_A Current Ratio Ann.	-	-	-	1.2	1.4	0.7	1.9	0.1	0.2	0	0.2	0.2	0.2
IC_A Interest Coverage Ratio Ann.	-	-	-	-1.1	-3.6	-41.2	-2.5	100	-4.6	-1.2	-1	-9	-52.3
LTDE_A LT Debt To Equity Ann.	-	-	-		0.1	0.2		-	-	-	-	-	-

*All financials are in CNY Million and price data in USD

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The9 Ltd (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

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POSITIVE
Cash From Operating Activity The9 Ltd (ADR) Dec-2025 Cash From Operating Activity is $-32 Million which is growth of 28.1% YoY.
POSITIVE
Net Cash Flow The9 Ltd (ADR) Dec-2025 Net Cash Flow is $48 Million which is growth of 252.1% YoY.

The9 Limited - ADR, Cash Flow, standalone, All financials are in CNY Million and price data in USD
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
CFO_A Cash from Operating Act. Ann. ⌄	-	-	-31.8	-44.2	-46.3	-154.7	-687.7	-106.3	-54.2	-101.2	-86.7	-181	-175.6
ProfitLossFromContinuingOperations_A Profit From Continuing Operations Ann.	-	-	-408.9	-73.6	12.6	-979.5	-416.8	393.4	-196.2	-239.3	-112.1	-667.1	-354.2
DepreciationAmortizationDepletion_A Depreciation Amortization Depletion Ann.	-45.1%	97.7%	15.1	61.5	86.9	91.4	47.4	0.5	4.2	5.6	7.2	19.4	32.6
DepreciationAndAmortization_A Depreciation And Amortization Ann.	-45.1%	97.7%	15.1	61.5	86.9	91.4	47.4	0.5	4.2	5.6	7.2	19.4	32.6
DeferredTax_A Deferred Tax Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
DeferredIncomeTax_A Deferred Income Tax Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
EmployeesStockOptions_A ESOPs Ann.	-16.9%	16.1%	116.1	44.7	70.8	202.4	150.2	55.1	21.8	3.9	38	28.1	34
OtherNonCashItems_A Other Non Cash Items Ann.	89.7%	-	160.5	65.3	43.2	23.5	125.7	-24.5	68.7	102.5	90.5	50.4	2.6
ChangeInWorkingCapital_A Change In Working Capital Ann.	-	-	-3.4	-5.7	-26.2	81.6	-572.4	-54.5	8.3	-23.7	-29.9	-15.3	74.5
ChangeInReceivables_A Change In Receivables Ann.	-	-	-11	-0.1	0.1	3.5	-13.6		0.3	1.9	5.7	-1.5	3.6
ChangeInInventory_A Change In Inventory Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
ChangePayablesAccruedExpense_A Change Payables Accrued Expense Ann.	-32.4%	-	15.9	1.6	-21.4	51.4	97.3	-30.5	16.3	4.2	-52.1	-3.8	60.2
ChangeInOtherCurrentAssets_A Change In Other Current Assets Ann.	-	-	-0.2	-3.6	-		-114.9	3.4	-9.7	0		1.9	-2
ChangeInOtherCurrentLiabilities_A Change In Other Current Liabilities Ann.	-	-	-4.6	-0.9	-5.8	-4.5	-4.5	-3.4	9.7	-	-	-	-
ChangeInOtherWorkingCapital_A Change In Other Working Capital Ann.	-	-	-	-	-	-42.8	3.2	-1.5	-0.2	-5.4	-10.4	-8.7	-1.9
CFI_A Cash from Investing Act. Ann. ⌄	-	-69.8%	1.1	-57	4.7	-248.8	-141.1	438.3	60.9	-17.3	161.9	-10.4	-209
NetPPEPurchaseAndSale_A Net PPE Purchase & Sale Ann.	-	-	-1.4	0.1	-2.1	-246.9	-63.9	-0.2	1.9	-0.1	-0.2	-1.7	-10.3
PurchaseOfPPE_A Purchase Of PPE Ann.	-	-	-1.5		-2.1	-247.3	-75.6	-0.4	-0.8	-0.2	-0.5	-1.7	-10.6
NetBusinessPurchaseAndSale_A Net Business Purchase & Sale Ann.	-	-	-0.4	-10.7	-0.1		-14.2	440.6	-34.2		0.1		-211.3
PurchaseOfBusiness_A Purchase Of Business Ann.	-	-	-0.4	-10.7	-0.1		-14.2	-3.3	-34.9	-			-223.4
PurchaseOfInvestment_A Purchase Of Investment Ann.	-	-	-3.4	-28.5		-23.2	-46.6	-8		-5.3	-4		-223.4
SaleOfInvestment_A Sale Of Investment Ann.	-30.3%	-	5.9	0	5.2	17.4			37		167
NetOtherInvestingChanges_A Net Other Investing Changes Ann.	-	-	-7.1	-	1.8	10.2	-	5.8	56.2	-11.9	-1	-2.8	12.6
CFA_A Cash from Financing Act. Ann. ⌄	33.5%	-	78.5	69.8	32.2	33	1,226.6	-310.7	40.9	-18.4	44.1	190.1	257.9
NetIssuancePaymentsOfDebt_A Net Issuance Payments Of Debt Ann.	11.9%	-	46.3	50.9	32.2	33	155.2	-358.1	40.9	-18.4	24.1	129.4	251.4
NetLongTermDebtIssuance_A Net Long Term Debt Issuance Ann.	11.9%	-	46.3	-36.4	75.1	33	155.2	-39.2	40.9	-18.4	24.1	129.4	251.4
NetShortTermDebtIssuance_A Net ST Debt Issuance Ann.	-	-		87.3	-42.9			-318.9	-	-	-	-	-
NetCommonStockIssuance_A Net Common Stock Issuance Ann.	-	-7.8%	31.5	18.9			1,011.5	47.4	-	-	-	-
CommonStockIssuance_A Common Stock Issuance Ann.	-	-7.8%	31.5	18.9			1,011.5	47.4	-	-	-	-	-
CommonStockPayments_A Common Stock Payments Ann.	-	-	-	-	-	-	-	-	-	-	-	-
dividend_1Y_actual Dividend 1year	-	-
DividendPerShare_A Dividend Per Share Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
NetOtherFinancingCharges_A Net Other Financing Charges Ann.	-	-	0.7	-	-	-	-4.5	-	-	-	20	57.5	6.4
CashAndCashEquivalentEndOfYear_A Cash Plus Cash Eqv. End Of Year Ann.	0.2%	13%	58.5	10.9	45.2	58.1	428.4	31.7	10.1	4.3	142.6	38.9	49
NetIncDecInCashAndCashEquivalents_A Net Increase In Cash Plus Cash Eqv.s Ann.	-	17.5%	47.8	-31.5	-9.4	-370.5	397.9	21.3	47.6	-136.9	119.4	-1.3	-126.7
CashAndCashEquivalentBeginOfYear_A Cash Plus Cash Eqv. Begin Of Year Ann.	-70.6%	1.5%	10.9	45.2	58.1	428.4	31.7	10.1	4.3	142.6	38.9	49	181.5
IncomeTaxPaidSupplementalData_A Income Tax Paid Supplemental Data Ann.	-	-57.5%	0.1					7.2				-	-
InterestPaidSupplementalData_A Interest Paid Supplemental Data Ann.	-	-50.6%	1.4	1.6	5.5			47.7		0.3	0.9	-	-
CapitalExpenditure_A Capex Ann.	-	-	-12	-18	-2.1	-253.7	-92	-0.4	-0.8	-0.2	-0.5	-8.3	-10.6
IssuanceOfCapitalStock_A Issuance Of Capital Stock Ann.	-	-7.8%	31.5	18.9			1,011.5	47.4	-	-	-	-	-
IssuanceOfDebt_A Issuance Of Debt Ann.	29.4%	87.3%	78.4	88.1	86.8	36.2	161.6	3.4	51	11	93.8	164.2	321.7
RepaymentOfDebt_A Repayment Of Debt Ann.	-	-	-32.1	-37.2	-54.6	-3.2	-6.4	-361.5	-10	-29.4	-69.7	-34.8	-70.3
RepurchaseOfCapitalStock_A Repurchase Of Capital Stock Ann.	-	-	-	-	-	-	-	-	-	-	-	-
FreeCashFlow_A Free Cash Flow Ann.	-	-	-43.7	-62.2	-48.4	-408.4	-779.7	-106.6	-55	-101.4	-87.1	-189.3	-186.2

*All financials are in CNY Million and price data in USD

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Cash from Investing Act. Ann.

2Y CAGR

-51.6%

5Y CAGR

-69.8%

Cash from Investing Activity Annual growth is stable compared to historical averages.

Cash from Financing Act. Ann.

1Y CHG

12.5%

2Y CAGR

56.1%

3Y CAGR

33.5%

10Y CAGR

-11.2%

Cash from Financing Annual Activity growth is lower than historical averages.

Quarterly
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Cash Flow

New 52W Low in past week

The9 Ltd (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

The9 Ltd (ADR) - Earnings Report - Quarterly Results

The9 Ltd (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

Quarterly Revenue The9 Ltd (ADR) Jun-2026 Quarterly Revenue is $5 Million which is growth of -80.8% YoY.

Quarterly Net Profit The9 Ltd (ADR) Jun-2026 Quarterly Net Profit is $221 Million which is growth of 8405.1% YoY.

The9 Ltd (ADR) - Competitors/Peers

The9 Ltd (ADR) competitor comparison and performance snapshot within industry

The9 Ltd (ADR) - Earnings Report - Annual Results

The9 Ltd (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

Annual Revenue The9 Ltd (ADR) Dec-2025 Annual Revenue is $108 Million which is growth of -3.4% YoY.

Annual Net Profit The9 Ltd (ADR) Dec-2025 Annual Net Profit is $-402 Million which is growth of -448.1% YoY.

The9 Ltd (ADR) - Balance Sheet

The9 Ltd (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

Total Shareholders Fund The9 Ltd (ADR) Dec-2025 Total Shareholders Fund is $264 Million which is growth of -40.3% YoY.

Total Assets The9 Ltd (ADR) Dec-2025 Total Assets is $594 Million which is growth of -6.7% YoY.

The9 Ltd (ADR) - Ratios

The9 Ltd (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

Book Value Per Share The9 Ltd (ADR) Book Value Per Share is $7 which is growth of 28.9% YoY.

ROE The9 Ltd (ADR) ROE is 0% which is growth of 0% YoY.

The9 Ltd (ADR) - Cash Flow

The9 Ltd (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

Cash From Operating Activity The9 Ltd (ADR) Dec-2025 Cash From Operating Activity is $-32 Million which is growth of 28.1% YoY.

Net Cash Flow The9 Ltd (ADR) Dec-2025 Net Cash Flow is $48 Million which is growth of 252.1% YoY.