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Side-by-side financial comparison of The9 LTD (NCTY) and Red Cat Holdings, Inc. (RCAT). Click either name above to swap in a different company.

The9 Ltd. is a Shanghai-based online game operator which had the exclusive licence to operate and distribute World of Warcraft in China, a licence it secured after successfully aiding Webzen Games with the distribution of Mu Online in China. However, in April 2009, Blizzard said that the licence has been moved to NetEase.com.

Mega Cat Studios is an American video game development and publishing company located in Pittsburgh, Pennsylvania. It was founded in 2015 by James Deighan, Nick Mann, and Zack Manko.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NCTY
NCTY
RCAT
RCAT
Q3 25
$9.6M
Q2 25
$1.1M
Q1 25
$1.6M
Q4 24
$0
Q3 24
$886.4K
Q1 24
$5.8M
Q4 23
$529.4K
Q3 23
$310.9K
Net Profit
NCTY
NCTY
RCAT
RCAT
Q3 25
$-16.0M
Q2 25
$-13.3M
Q1 25
$-23.1M
Q4 24
$-13.3M
Q3 24
$-12.4M
Q1 24
$-5.5M
Q4 23
$-5.8M
Q3 23
$-5.8M
Gross Margin
NCTY
NCTY
RCAT
RCAT
Q3 25
6.6%
Q2 25
33.2%
Q1 25
-52.2%
Q4 24
Q3 24
-54.5%
Q1 24
18.8%
Q4 23
Q3 23
56.2%
Operating Margin
NCTY
NCTY
RCAT
RCAT
Q3 25
-181.7%
Q2 25
-1120.9%
Q1 25
-765.7%
Q4 24
Q3 24
-1400.7%
Q1 24
-76.0%
Q4 23
-990.5%
Q3 23
-1799.5%
Net Margin
NCTY
NCTY
RCAT
RCAT
Q3 25
-166.0%
Q2 25
-1176.9%
Q1 25
-1418.9%
Q4 24
Q3 24
-1400.7%
Q1 24
-93.9%
Q4 23
-1103.8%
Q3 23
-1877.5%
EPS (diluted)
NCTY
NCTY
RCAT
RCAT
Q3 25
$-0.16
Q2 25
$-0.15
Q1 25
$-0.27
Q4 24
Q3 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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