The9 (NCTY) Operating Expenses (2009 - 2026)
The9 (NCTY) posted quarterly Operating Expenses of -$14.7 billion for Q1 2026, down 75.03% year-over-year from -$58.9 billion in Q1 2025, and down 274.26% quarter-over-quarter from $8.4 billion in Q2 2025.
The9 (NCTY) Operating Expenses (2009 - 2026) Analysis & Trends
The9's Operating Expenses history runs 14 years deep, the most recent figure standing at -$14.7 billion for Q1 2026.
- In Q1 2026, Operating Expenses fell 75.03% year-over-year to -$14.7 billion; the TTM figure through Mar 2026 stood at -$14.7 billion (down 74.59% YoY), while the FY2025 annual figure was $40.5 million, up 416.61% from the prior year.
- Operating Expenses for Q1 2026 stood at -$14.7 billion, down from $8.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $8.4 billion in Q2 2025, with the low at -$14.7 billion in Q1 2026.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | The9 | 56,961.36 | -2.76 Mn | 363.81 Mn | -14.71 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -14.71 Bn |
| Jun 30, 2025 | 8.44 Bn |
| Mar 31, 2025 | -8.40 Bn |
| Dec 31, 2020 | -16.51 Mn |
| Dec 31, 2019 | -17.17 Mn |
| Dec 31, 2018 | -10.78 Mn |
| Dec 31, 2017 | -9.89 Mn |
| Dec 31, 2016 | -19.10 Mn |
| Dec 31, 2015 | -27.98 Mn |
| Dec 31, 2014 | 2.22 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 | -22,277.55 Bn |
| Sep 30, 2011 | -22,466.44 Bn |