The9 Ltd ADR (NCTY)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | -58,474 | -10,089 | 1,771 | -142,013 | -65,409 |
| Depreciation Amortization | 2,535 | 12,571 | 15,892 | 16,612 | 26,373 |
| Accounts receivable | -1,569 | -7 | 13 | 512 | -2,139 |
| Accounts payable and accrued liabilities | 994 | -172 | 334 | 17,653 | 6,089 |
| Other Working Capital | -491 | -786 | -3,687 | 11,825 | -89,819 |
| Other Operating Activity | 52,465 | -7,574 | -20,847 | 72,976 | 16,992 |
| Operating Cash Flow | $-4,540 | $-6,057 | $-6,524 | $-22,436 | $-107,913 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | -123 | N/A | N/A | 2,412 | N/A |
| PPE Investments | -194 | 20 | -297 | -35,801 | -10,027 |
| Net Acquisitions | -61 | -11 | -12 | N/A | N/A |
| Purchase Of Investment | N/A | -5,355 | N/A | -3,358 | -9,501 |
| Sale Of Investment | 486 | 1 | 727 | 116 | N/A |
| Purchase Sale Intangibles | -216 | -1,233 | N/A | -916 | -2,574 |
| Other Investing Activity | 51 | -2,466 | 248 | 560 | -2,612 |
| Investing Cash Flow | $159 | $-7,811 | $667 | $-36,071 | $-22,139 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | N/A | N/A | N/A | 358 | N/A |
| Debt Issued | 11,205 | 12,072 | 12,223 | 4,887 | 25,357 |
| Debt Repayment | -4,583 | -5,099 | -7,688 | -456 | -1,001 |
| Common Stock Issued | 4,505 | 2,436 | N/A | N/A | 168,840 |
| Other Financing Activity | 94 | 151 | 0 | 0 | -709 |
| Financing Cash Flow | $11,221 | $9,560 | $4,536 | $4,788 | $192,486 |
| Exchange Rate Effect | -36 | -392 | -487 | 21 | -179 |
| Beginning Cash Position | 1,560 | 6,195 | 8,178 | 62,115 | 4,974 |
| End Cash Position | 8,364 | 1,495 | 6,369 | 8,419 | 67,229 |
| Net Cash Flow | $6,804 | $-4,700 | $-1,809 | $-53,697 | $62,255 |
| Free Cash Flow | |||||
| Operating Cash Flow | -4,540 | -6,057 | -6,524 | -22,436 | -107,913 |
| Capital Expenditure | -207 | N/A | -297 | -35,860 | -11,867 |
| Free Cash Flow | -4,747 | -6,057 | -6,821 | -58,295 | -119,780 |