Skip to main content

The9 LTD

corporate_fare Company Profile

The9 LTD

NCTY·NASDAQ·Crypto Assets·CIK 0001296774

The9 LTD operates in two primary business areas: online gaming and cryptocurrency mining. Historically, the company developed and operated proprietary or licensed online games, focusing on mobile and TV games. In 2024, The9 LTD pivoted back to the online gaming business, expanding it further in 2025. For new game launches, the company conducts "closed beta testing" to address operational issues, followed by "limited commercial release" and "open beta testing." During both limited commercial release and open beta testing, registered users can play without losing in-game data, ensuring system performance and stability. While user numbers are limited in limited commercial release, there is no such limit in open beta testing. The company can begin charging users at its discretion during these phases or later. In 2024, The9 LTD re-entered the online gaming market in the Chinese mainland and, in May 2024, entered an exclusive publishing license agreement with Wemade Co. Ltd. The company also began cryptocurrency mining activities in February 2021, providing computing power (hash rate) to a Bitcoin mining pool and receiving a fractional share of Bitcoin awards. As of March 31, 2026, The9 LTD had mined a total of 2,196.72 Bitcoins and held 347 Bitcoins after partial sales.

The9 LTD (NASDAQ:NCTY) is a publicly traded company in the Crypto Assets sector. Wiseek has independently scored 12 items for NCTY at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-24, rated 8/10. Across its 12 most recent items scored 7 or higher, the top rating is 9/10, with 9 rated 8 or above. Recent SEC coverage for NCTY spans 6-K, F-3/A, F-3, 20-F.

Recent high-impact activity:

  • The9 Posts Record $32M Q2 Net Income, Yet Cash Dwindles to $1.9M and Impairments Reach $16.7M
  • The9 Posts $32M Q2 Net Income, Up 39% Sequentially on 9BIT Token Gains
  • The9's Investee NYB Clears Key Vote Toward Nasdaq Listing; The9 to Hold 15-16% Stake
  • The9's the9bit Platform Signs 41 Brand Partners, Token Rises 35%
  • The9 Posts Record $23M Profit on 9BIT Token Windfall, Names New CEO, and Sets Aggressive Incentive Targets

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
¥107.9M CNY
Net Income
-¥408.92M CNY
Diluted EPS
-¥0.18 CNY
Op. Cash Flow
-¥31.76M CNY
Gross Profit
¥1.81M CNY
Operating Income
-¥281.11M CNY
Cash & Equivalents
¥58.49M CNY
Total Debt
¥174.48M CNY
Debt / Equity
0.91×
Net Margin
-379.0%
Shares Outstanding
4.57B sh
Source: 20-F · filed 2026-04-15 · accession 0001104659-26-043910

Short Interest & Short Volume

1.85 days to cover

FINRA reported short interest of 488,483 shares in NCTY as of the September 15, 2026 settlement, a 45.9% increase from the prior period — about 1.9 days to cover at its recent average daily volume. On October 2, 2026, 58.6% of NCTY volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)488,483 shares as of September 15, 2026
Change vs prior period▲ 45.9%
Days to cover1.85 at avg daily volume of 264,449
Daily short volume (FINRA facilities)58.6% of 25,513 shares on October 2, 2026
5-day average short volume33.8%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for NCTY, detected from its recent SEC filings · based on capital-structure filings through 2026-06-18.

Shelf Registration Amendment · "Baby Shelf" Rule Clarification

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Insider Transactions

NCTY files as a Foreign Private Issuer (FPI). Under SEC Exchange Act Section 16(a), officers, directors, and 10% owners of FPIs are exempt from Form 4 insider-transaction reporting requirements. Comparable disclosures, when applicable, appear in the company's Form 20-F (annual) or Form 6-K (interim) filings on SEC EDGAR.

Browse all tickers starting with N →
$3.3
52-week range · as of 2026-08-24 $3.14 – $11.6
Market cap
$50.4M
Volume
72.2K (0.3× avg)
3-mo avg 256.9K
Live data · 2026-10-05 04:26 UTC · Market overnight

show_chartPrice Chart

Loading chart...

feed NCTY - Latest Insights

NCTY
Aug 24, 2026, 8:00 AM EDT
Filing Type: 6-K
Importance Score:
8
Price at Filing: $5.69
Real-time Price: $3.30 info
Change: -$2.39 (-42%) info
Market Cap: $50.401M info
NCTY
Aug 24, 2026, 8:00 AM EDT
Source: PR Newswire
Importance Score:
8
Price at Filing: $5.71
Real-time Price: $3.30 info
Change: -$2.41 (-42%) info
Market Cap: $50.401M info
NCTY
Aug 21, 2026, 9:03 AM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $4.53
Real-time Price: $3.30 info
Change: -$1.23 (-27%) info
Market Cap: $50.401M info
NCTY
Aug 06, 2026, 9:13 AM EDT
Filing Type: 6-K
Importance Score:
7
Price at Filing: $4.77
Real-time Price: $3.30 info
Change: -$1.47 (-31%) info
Market Cap: $50.401M info
NCTY
Jul 27, 2026, 6:07 AM EDT
Filing Type: 6-K
Importance Score:
9
Price at Filing: $3.35
Real-time Price: $3.30 info
Change: -$0.050 (-1%) info
Market Cap: $50.401M info
NCTY
Jul 27, 2026, 12:01 AM EDT
Source: PR Newswire
Importance Score:
8
Price at Filing: $3.21
Real-time Price: $3.30 info
Change: +$0.090 (+3%) info
Market Cap: $50.401M info
NCTY
Jun 18, 2026, 9:09 AM EDT
Filing Type: F-3/A
Importance Score:
8
Price at Filing: $5.11
Real-time Price: $3.30 info
Change: -$1.81 (-35%) info
Market Cap: $50.401M info
NCTY
May 08, 2026, 4:02 PM EDT
Filing Type: F-3/A
Importance Score:
9
Price at Filing: $5.80
Real-time Price: $3.30 info
Change: -$2.50 (-43%) info
Market Cap: $50.401M info
NCTY
Apr 16, 2026, 6:33 AM EDT
Filing Type: F-3
Importance Score:
8
Price at Filing: $5.51
Real-time Price: $3.30 info
Change: -$2.21 (-40%) info
Market Cap: $50.401M info
NCTY
Apr 15, 2026, 7:39 PM EDT
Filing Type: 20-F
Importance Score:
9
Price at Filing: $5.38
Real-time Price: $3.30 info
Change: -$2.08 (-39%) info
Market Cap: $50.401M info
NCTY
Feb 24, 2026, 6:05 AM EST
Filing Type: 6-K
Importance Score:
9
Price at Filing: $5.04
Real-time Price: $3.30 info
Change: -$1.74 (-35%) info
Market Cap: $50.401M info
NCTY
Feb 11, 2026, 7:13 AM EST
Filing Type: 6-K
Importance Score:
7
Price at Filing: $5.90
Real-time Price: $3.30 info
Change: -$2.60 (-44%) info
Market Cap: $50.401M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets