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NIPG on Nasdaq

NIP Group Inc.

NIP Group Inc. is a miscellaneous amusement and recreation services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol NIPG.1

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Last updated Oct 21, 2026.

Overview

$85.3MRevenue, fiscal 20242
-$12.7MNet income, fiscal 20242

Compare with BUTLER NATIONAL CORP, Seaport Entertainment Group Inc. or GRANDSTAND Ltd, or pick any stock.

  • TickerNIPG on Nasdaq1
  • IndustryServices-Miscellaneous Amusement & Recreation1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressRosenlundsgatan 31, Stockholm, V7 118 633
  • Filer categoryAccelerated filer, Emerging growth company3

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Limited, Beijing ZSZQ Network Technology Co., Ltd. and Wuhan Young Will Ltd., have been deconsolidated as well.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

3.5%Gross margin2
-19.8%Operating margin2
-14.9%Net margin2
1.9%Revenue growth, 20242
-5.4%Return on equity2
0.01×Debt to equity2
-$17.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Talent Management Service Of Third Party Online Entertainers brought in 59% of the revenue NIP Group Inc. broke down this way in fiscal 2025.

  1. Talent Management Service Of Third Party Online Entertainers$62.8M559%up 33% from 2024
  2. Event Production$31.9M530%up 37% from 2024
  3. Esports Teams Operation$11.8M511%down 20% from 2024
Products and services by year
Products and services202320242025
Talent Management Service Of Third Party Online Entertainers$52.7M$47.3M$62.8M
Event Production$9.4M$23.3M$31.9M
Esports Teams Operation$21.7M$14.7M$11.8M

Business segments

PRC And Other Subsidiaries brought in 82% of the revenue NIP Group Inc. broke down this way in fiscal 2025.

  1. PRC And Other Subsidiaries$103.6M582%up 27% from 2024
  2. Mining Business$20.1M516%
  3. Ninjas in Pyjamas$2.8M52%down 21% from 2024
Business segments by year
Business segments202320242025
PRC And Other Subsidiaries$75.2M$81.7M$103.6M
Mining Business$20.1M
Ninjas in Pyjamas$8.5M$3.6M$2.8M

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue96¢$82.3M
  • Other costs1¢$692.9K
  • Income tax3¢$2.4M

Out of $85.3M in revenue.2 The company lost money this year.

Financial statements

Revenue2$85.3M in 2024+29% since 2022
0$25.0M$50.0M$75.0M$100.0M2022: $65.9M$65.9M20222023: $83.7M$83.7M2023+27%2024: $85.3M$85.3M2024+2%
Gross profit2$3.0M in 2024−20% since 2022
0$2.0M$4.0M$6.0M$8.0M2022: $3.7M$3.7M20222023: $7.2M$7.2M2023+92%2024: $3.0M$3.0M2024−58%
Operating income2-$16.9M in 2024+109% since 2022
-$20.0M-$15.0M-$10.0M-$5.0M02022: -$8.1M-$8.1M20222023: -$14.7M-$14.7M2023+81%2024: -$16.9M-$16.9M2024+15%
Net income2-$12.7M in 2024+104% since 2022
-$15.0M-$10.0M-$5.0M02022: -$6.2M-$6.2M20222023: -$13.3M-$13.3M2023+113%2024: -$12.7M-$12.7M2024−4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Total net revenue$126.5M$85.3M$83.7M
Total cost of revenue-$128.0M-$82.3M-$76.5M
Gross profit (loss)-$1.5M$3.0M$7.2M
Selling and marketing expenses-$7.0M-$8.1M-$6.6M
General and administrative expenses-$50.3M-$11.8M-$15.3M
Impairment of goodwill-$122.5M
Impairment of intangible assets-$64.4M
Changes in fair value of receivable for bitcoin collateral-$2.9M
Realized gain on sale of Bitcoin$4.6K
Total operating expenses-$247.2M-$19.9M-$21.9M
Operating loss-$248.7M-$16.9M-$14.7M
Other income (expense), net-$682.7K$2.4M$716.6K
Interest expense, net-$2.2M-$537.5K-$523.3K
Total other income (expense), net-$2.9M$1.8M$193.2K
Loss before income tax expenses-$251.6M-$15.1M-$14.5M
Income tax benefits$13.5M$2.4M$1.2M
Net loss-$238.1M-$12.7M-$13.3M
Net (loss) income attributable to non-controlling interest-$639.1K$4.5K-$180
Net loss attributable to NIP Group Inc.-$237.5M-$12.7M-$13.3M
Preferred shares redemption value accretion-$35.9M-$43.9M
Accretion on redeemable non-controlling interest-$30.3K
Net loss attributable to NIP Group Inc.s shareholders-$237.5M-$48.6M-$57.2M
Foreign currency translation (loss) income attributable to non-controlling interest, net of nil tax$186.0K$1.6K-$1
Foreign currency translation income (loss) attributable to ordinary shareholders, net of nil tax$35.2M-$15.9M$5.3M
Total comprehensive loss-$202.7M-$28.6M-$8.0M
Total comprehensive income (loss) attributable to non-controlling interest-$453.1K$6.1K$179
Total comprehensive loss attributable to NIP Group Inc.-$202.2M-$28.6M-$8.0M
Net loss per ordinary share- basic-$1.48-$0.69-$1.54
Net loss per ordinary share- diluted-$1.48-$0.69-$1.54
Weighted average number of ordinary shares outstanding- basic160.5M shares70.2M shares37.2M shares
Weighted average number of ordinary shares outstanding- diluted160.5M shares70.2M shares37.2M shares
Share-based compensation expense as follows (Note 21):$36.7M$6.1M
General and administrative expenses$36.7M$6.1M

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Corporate structure

NIP Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NIP Group Inc.

  • NIP Group Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NIP Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.2M2 Dec 31, 2024$4.8M2 Dec 31, 2023+8.6%
Accumulated depreciation$2.2M2 Dec 31, 2024$1.9M2 Dec 31, 2023+15.3%
Property and equipment, net$3.0M2 Dec 31, 2024$2.9M2 Dec 31, 2023+4.3%
Operating-lease assets (leased space)$2.0M2 Dec 31, 2024$2.1M2 Dec 31, 2023−7.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.6M2 Dec 31, 2024$7.6M2 Dec 31, 2023+25.9%
Marketable securities, current$3.0M2 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$131.9M2 Dec 31, 2024$141.4M2 Dec 31, 2023−6.7%
Intangible assets, net (excluding goodwill)$128.0M2 Dec 31, 2024$134.0M2 Dec 31, 2023−4.5%
Indefinite-lived intangibles (excluding goodwill)$113.8M2 Dec 31, 2024$121.1M2 Dec 31, 2023−6.1%
Finite-lived intangibles, gross$27.8M2 Dec 31, 2024$22.7M2 Dec 31, 2023+22.4%
Accumulated amortization$13.6M2 Dec 31, 2024$9.9M2 Dec 31, 2023+37.6%
Finite-lived intangibles, net$14.2M2 Dec 31, 2024$12.8M2 Dec 31, 2023+10.6%

Leadership

Who has led NIP Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mario Yau Kwan Ho2026–now

President

  1. Liwei Sun2026–now
Board members and other officers (7)

Former names

  • ESVF Esports Group Inc.Feb 22, 2023 to Feb 22, 20233

Timeline

  1. Mar 18, 2026New chief executive Mario Yau Kwan Ho becomes CEO6

Filings

123 filings to the SEC since October 2021: 2 annual reports, 9 insider forms, 19 large holders, 93 other. The latest 20:

  1. Sep 17, 20266-K EDGAR
  2. Sep 4, 20266-K EDGAR
  3. Jul 24, 20266-K EDGAR
  4. Jul 2, 20264 EDGAR
  5. Jul 1, 20266-K EDGAR
  6. Jun 30, 20266-K EDGAR
  7. Jun 25, 20266-K EDGAR
  8. Jun 15, 20266-K EDGAR
  9. Jun 15, 2026F-6 POS EDGAR
  10. Jun 5, 2026SCHEDULE 13D/A EDGAR
  11. Jun 5, 2026SCHEDULE 13D/A EDGAR
  12. Jun 2, 20266-K EDGAR
  13. May 21, 20263 EDGAR
  14. May 21, 20263 EDGAR
  15. May 15, 2026144 EDGAR
  16. Apr 30, 202620-F EDGAR
  17. Apr 28, 20263 EDGAR
  18. Mar 31, 20263 EDGAR
  19. Mar 31, 20263 EDGAR
  20. Mar 27, 20266-K EDGAR

The 123 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 30, 2026Sun LiweiPresidentSale353,624$1.25$442.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How NIP Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNIP Group Inc.1
  • CIK0001966233
  • Filer statusAccelerated filer an emerging growth company; a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRosenlundsgatan 31, Stockholm, V7 118 631
  • Phone46-7057755641
  • Shares outstanding280,797,781 shares as of Dec 31, 20254
  • AuditorGuangdong Prouden CPAs GP, Guangzhou, China PCAOB ID 7254; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 22, 20231
  • Filings123 in all: 6-K (43), 144 (8), 3 (8), UPLOAD (7), SCHEDULE 13D/A (6), CORRESP (5), DRS/A (5), DRSLTR (5)1
    All 27 form types

    SCHEDULE 13G/A (5), 144/A (4), F-1/A (4), SC 13G (4), 20-F (2), EFFECT (2), SCHEDULE 13D (2), SCHEDULE 13G (2), 4 (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-6 (1), F-6 POS (1), NT 20-F (1), S-8 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares, each representing two Class A ordinary shares, par value US$0.0001 per shareNIPGNasdaq Global Market
Class A ordinary shares, par value US$0.0001 per share*Nasdaq Global Market

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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