The9 (NCTY) Operating Expenses (2009 - 2026)
The9's Operating Expenses was -$13.73 million in Q2 2026, compared with $3.77 million a year earlier.
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Analysis
The9 (NCTY) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, The9's Operating Expenses was -$33.07 million through Jun 30, 2026; for FY2025, it came in at -$40.46 million.
- In earlier years, Operating Expenses was -$7.83 million in FY2024, -$40.13 million in FY2023, -$129.89 million in FY2022 and -$57.22 million in FY2021.
- Quarterly Operating Expenses has moved between -$14.71 million (Q1 2026) and $3.77 million (Q2 2025) over five years.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,126.42 Bn | 3,883.94 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,763.57 Bn | 1,466.09 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 287.17 Bn | 247.37 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 252.08 Bn | 65.86 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 224.54 Bn | 201.72 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 140.28 Bn | 112.08 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 125.81 Bn | 58.86 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 114.10 Bn | -129.68 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 108.24 Bn | 65.74 Bn | 1.86 Bn | 640.46 Mn |
| 10 | The9 | 24.86 Mn | 6.66 Mn | 319,000.00 | -13.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.73 Mn |
| Mar 31, 2026 | -14.71 Mn |
| Jun 30, 2025 | 3.77 Mn |
| Mar 31, 2025 | -8.40 Mn |
| Dec 31, 2013 | -20.89 Mn |
| Sep 30, 2013 | -20.83 Mn |
| Jun 30, 2013 | -24.34 Mn |
| Mar 31, 2013 | -20.43 Mn |
| Dec 31, 2012 | -23.89 Mn |
| Sep 30, 2012 | -32.90 Mn |
| Jun 30, 2012 | -26.57 Mn |
| Mar 31, 2012 | -24.38 Mn |
| Dec 31, 2011 | -22.28 Mn |
| Sep 30, 2011 | -22.47 Mn |
| Jun 30, 2011 | -16.02 Mn |
| Mar 31, 2011 | -14.25 Mn |
| Dec 31, 2010 | -17.85 Mn |
| Sep 30, 2010 | -11.69 Mn |
| Jun 30, 2010 | -11.01 Mn |
| Mar 31, 2010 | -11.83 Mn |
API Access
The9 Operating Expenses 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=operating-expenses&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();