The9 swings to Q1 FY26 profit of US$23 million

The9 posted net income of US$23 million for the three months ended March 31, 2026, its strongest quarter since the 2004 IPO.

Profit was driven mainly by receipt of 1.425 billion 9BIT tokens, measured at fair value using observable market prices on exchanges including KuCoin.

An additional 475 million 9BIT tokens were received in April, lifting total allocation to about 1.9 billion under an agreement with the 9BIT Foundation.

Cryptocurrency holdings including BTC and 9BIT were valued at about US$110 million as of the release date, based on quoted market prices.

AI-powered game creation platform the9bit topped 8 million registered users, with more than 110,000 games created since its August 2025 launch.