The9 Posts Record Quarterly Profit on 9BIT Token Gains

The9 Limited, a company listed on NASDAQ under the ticker NCTY, has reported a record net income of US$23 million in Q1FY26. This financial milestone marks the strongest quarterly result in The9's history since its initial public offering in 2004.

The primary driver behind this success is the receipt of 1.425 billion 9BIT tokens during the period, valued at fair market prices. In addition to these tokens, an additional 475 million 9BIT tokens were received in April 2026 and will be reflected in second-quarter results, bringing The9's total allocation to approximately 1.9 billion tokens under its cooperation agreement with the 9BIT Foundation.

The9's total cryptocurrency holdings, including Bitcoin (BTC) and 9BIT, are valued at approximately US$110 million based on quoted market prices. This financial performance underscores the material impact of The9's digital asset strategy, with profitability driven primarily by token valuation and allocation schedules.