The9 LTD
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.4M | $15.3M | $174.0M | $15.7M | $21.3M | $95.9K | $49.1K | $2.5M |
| Cost of Revenue | $15.2M | $15.5M | $29.8M | $26.8M | $13.8M | $124.8K | $192.8K | $2.4M |
| Gross Profit | $259.0K | $-219.0K | $-4.6M | $-9.5M | $7.5M | $-28.9K | $-143.8K | $144.9K |
| Gross Margin | 1.7% | -1.4% | -2.7% | -60.8% | 35.3% | -30.2% | -293.1% | 5.7% |
| Operating Expenses | ||||||||
| Research & Development | $1.4M | $117.0K | $277.5K | $352.7K | $300.9K | $373.7K | $1.9M | $3.6M |
| SG&A Expense | $29.4M | $21.6M | $28.6M | $54.6M | $46.0M | $16.7M | $16.4M | $13.0M |
| Operating Income | $-40.2M | $-8.1M | $-44.8M | $-95.9M | $-48.3M | $51.6M | $-23.5M | $-15.2M |
| Operating Margin | -260.5% | -52.6% | -25.7% | -612.2% | -226.9% | 53,831.4% | -47,940.8% | -598.9% |
| Interest Expense | — | — | $4.4M | $3.4M | $18.7M | $623.8K | $5.0M | $15.2M |
| Pretax Income | $-58.5M | $-9.9M | $-20.3M | $-142.0M | $-65.1M | $61.7M | $-27.8M | $-34.2M |
| Income Tax Expense | $16.0K | $0 | $0 | — | $0 | $1.1M | $0 | $0 |
| Net Income | $-58.5M | $-10.1M | $2.8M | $-141.3M | $-64.5M | $61.0M | $-25.5M | $-31.6M |
| Net Margin | -379.0% | -65.7% | 1.6% | -902.2% | -303.3% | 63,611.8% | -52,063.4% | -1,241.1% |
| EPS (Basic) | $-0.03 | $-0.01 | $-0.02 | $-0.20 | $-0.13 | $0.12 | $-0.09 | $-0.20 |
| EPS (Diluted) | $-0.03 | $-0.01 | $-0.02 | $-0.20 | $-0.13 | $0.12 | $-0.09 | $-0.20 |
| Shares Outstanding (Basic) | 2.27B | 1.40B | 1.01B | 720.2M | 495.3M | 490.8M | 319.2M | 273.9M |
| Shares Outstanding (Diluted) | 2.27B | 1.40B | 1.01B | 720.2M | 495.3M | 490.8M | 319.2M | 273.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |