Switch theme
Sign up to access all valuation multiples
The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Other, out of which Crypto mining business derives maximum revenue.
1999
50
Last FY Revenue $112M
Last FY EBITDA $23.2M
$150M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
In the most recent fiscal year, The9 achieved revenue of $112M and an EBITDA of $23.2M.
The9 expects next 12-month revenue of XXX and NTM EBITDA of XXX
See The9 valuation multiples based on analyst estimates| NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|
| Revenue | XXX | $112M | XXX | XXX | XXX |
| Gross Profit | XXX | -$1.6M | XXX | XXX | XXX |
| Gross Margin | XXX | -1% | XXX | XXX | XXX |
| EBITDA | XXX | $23.2M | XXX | XXX | XXX |
| EBITDA Margin | XXX | 21% | XXX | XXX | XXX |
| EBIT | XXX | -$161M | XXX | XXX | XXX |
| EBIT Margin | XXX | -144% | XXX | XXX | XXX |
| Net Profit | XXX | -$73.4M | XXX | XXX | XXX |
| Net Margin | XXX | -66% | XXX | XXX | XXX |
| Net Debt | XXX | $121M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, The9's stock price is $9.
The9 has current market cap of $132M, and EV of $150M.
See The9 trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $150M | $132M | XXX | XXX | XXX | XXX | n/a |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, The9 has market cap of $132M and EV of $150M.
The9's trades at 1.3x EV/Revenue multiple, and 6.5x EV/EBITDA.
Equity research analysts estimate The9's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
The9's P/E ratio is not available.
See valuation multiples for The9 and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $132M | XXX | $132M | XXX | XXX | XXX |
| EV (current) | $150M | XXX | $150M | XXX | XXX | XXX |
| EV/Revenue | n/a | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | n/a | XXX | -0.9x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | n/a | XXX | -1.8x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | -2.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialThe9's revenue per employee in the last FY averaged $2.2M, while opex per employee averaged $3.2M for the same period.
The9's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
The9's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for The9 and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | n/a | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $3.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 142% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
The9 acquired XXX companies to date.
Last acquisition by The9 was XXXXXXXX, XXXXX XXXXX XXXXXX . The9 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was The9 founded? | The9 was founded in 1999. |
| Where is The9 headquartered? | The9 is headquartered in United States of America. |
| How many employees does The9 have? | As of today, The9 has 50 employees. |
| Who is the CEO of The9? | The9's CEO is Mr. Jun Zhu. |
| Is The9 publicy listed? | Yes, The9 is a public company listed on NAS. |
| What is the stock symbol of The9? | The9 trades under NCTY ticker. |
| When did The9 go public? | The9 went public in 2004. |
| Who are competitors of The9? | Similar companies to The9 include e.g. Phoenix Group, Jasmine Technology Solution, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of The9? | The9's current market cap is $132M |
| Is The9 profitable? | Yes, The9 is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
