The9 (NCTY) Research & Development (2009 - 2026)
The9 (NCTY) posted quarterly Research & Development of -$695.3 million for Q1 2026, down 2963.16% year-over-year from $24.3 million in Q1 2025, and down 3151.98% quarter-over-quarter from $22.8 million in Q2 2025.
The9 (NCTY) Research & Development (2009 - 2026) Analysis & Trends
The9's Research & Development history runs 14 years deep, the most recent figure standing at -$695.3 million for Q1 2026.
- In Q1 2026, Research & Development fell 2963.16% year-over-year to -$695.3 million; the TTM figure through Mar 2026 stood at -$695.3 million (down 2895.31% YoY), while the FY2025 annual figure was $4.9 million, up 4049.57% from the prior year.
- Research & Development for Q1 2026 stood at -$695.3 million, down from $22.8 million in the prior quarter.
- The five-year high for Research & Development was $22.8 million in Q2 2025, with the low at -$695.3 million in Q1 2026.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 256.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | - |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 26.20 Mn |
| 10 | The9 | 49,552.00 | -5.97 Mn | 363.81 Mn | -695.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -695.29 Mn |
| Jun 30, 2025 | 22.78 Mn |
| Mar 31, 2025 | -22.70 Mn |
| Dec 31, 2020 | -97,551.31 |
| Dec 31, 2019 | -300,009.58 |
| Dec 31, 2018 | -117,113.95 |
| Dec 31, 2017 | -551,849.69 |
| Dec 31, 2016 | -1.45 Mn |
| Dec 31, 2015 | -2.55 Mn |
| Dec 31, 2014 | -5.46 Mn |
| Dec 31, 2013 | -2.74 Mn |
| Sep 30, 2013 | -5.46 Mn |
| Jun 30, 2013 | -6.14 Mn |
| Mar 31, 2013 | -4.78 Mn |
| Dec 31, 2012 | -6.59 Mn |
| Sep 30, 2012 | -8.42 Mn |
| Jun 30, 2012 | -7.05 Mn |
| Mar 31, 2012 | -7.67 Mn |
| Dec 31, 2011 | -4,250.06 Bn |
| Sep 30, 2011 | -6,101.50 Bn |