The9 (NCTY) Cost of Revenue (2009 - 2026)
The9's Cost of Revenue was $393,000 in Q2 2026, down 90.0% from $3.91 million a year earlier and down 73.6% from the prior quarter.
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Analysis
The9 (NCTY) Cost of Revenue (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, The9's Cost of Revenue was $10.62 million through Jun 30, 2026, up 17.3% year-over-year; for FY2025, it was $15.17 million, down 2.3% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 161.2% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $15.52 million in FY2024 (-48.0%), $29.85 million in FY2023 (+11.5%), $26.77 million in FY2022 (+93.8%) and $13.81 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Cost of Revenue since Q4 2020.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,890.87 Bn | 3,648.40 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,637.40 Bn | 1,339.92 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Netflix | 270.40 Bn | 231.70 Bn | 6.80 Bn | 6.08 Bn |
| 4 | Alibaba Group Holding | 231.40 Bn | 53.61 Bn | 15.11 Bn | 24.48 Bn |
| 5 | Shopify | 218.48 Bn | 195.66 Bn | 1.71 Bn | 1.88 Bn |
| 6 | Uber Technologies | 136.01 Bn | 107.99 Bn | 6.38 Bn | 7.82 Bn |
| 7 | Spotify Technology | 120.19 Bn | 77.10 Bn | 1.89 Bn | 3.83 Bn |
| 8 | Booking Holdings | 117.09 Bn | 50.14 Bn | - | - |
| 9 | PDD Holdings | 112.51 Bn | -131.27 Bn | 9.45 Bn | 7.08 Bn |
| 10 | The9 | 23.72 Mn | 2.13 Mn | 319,000.00 | 393,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 393,000.00 |
| Mar 31, 2026 | 1.49 Mn |
| Jun 30, 2025 | 3.91 Mn |
| Mar 31, 2025 | 4.82 Mn |
| Dec 31, 2013 | 3.60 Bn |
| Sep 30, 2013 | 6.95 Mn |
| Jun 30, 2013 | 3.78 Bn |
| Mar 31, 2013 | 3.38 Bn |
| Dec 31, 2012 | 3.20 Bn |
| Sep 30, 2012 | 2.83 Bn |
| Jun 30, 2012 | 2.53 Bn |
| Mar 31, 2012 | 2.49 Bn |
| Dec 31, 2011 | 2.33 Bn |
| Sep 30, 2011 | 2.15 Bn |
| Jun 30, 2011 | 1.99 Bn |
| Mar 31, 2011 | 295.83 Mn |
| Dec 31, 2010 | 4.08 Mn |
| Sep 30, 2010 | 3.82 Mn |
| Jun 30, 2010 | 4.39 Mn |
| Mar 31, 2010 | 2.99 Mn |
API Access
The9 Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NCTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();