Growth Metrics

The9 (NCTY) Accumulated Depreciation & Amortization (2013 - 2025)

The9's quarterly Accumulated Depreciation & Amortization came in at -$6.0 million in Q4 2025, down 188.19% year-on-year from $6.8 million in Q4 2024, and up 39.78% quarter-over-quarter from -$10.0 million in Q2 2025.

The9 has reported Accumulated Depreciation & Amortization for 12 years, with the latest figure at -$6.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Accumulated Depreciation & Amortization fell 188.19% year-over-year to -$6.0 million; the trailing twelve-month figure through Dec 2025 stood at -$6.0 million (down 188.19% YoY), and the FY2025 full-year result was -$5.9 million, down 184.52% from the prior year.
  • Accumulated Depreciation & Amortization for Q4 2025 stood at -$6.0 million, up from -$10.0 million in the prior quarter.
  • The five-year high for Accumulated Depreciation & Amortization was $12.8 million in Q4 2022, with the low at -$37.7 million in Q2 2021.
  • Average Accumulated Depreciation & Amortization over 5 years is -$11.3 million, with a median of -$8.0 million recorded in 2025.
  • Year-over-year, Accumulated Depreciation & Amortization sank 18978.02% in 2021 and surged 73.18% in 2022.
  • Tracing NCTY's Accumulated Depreciation & Amortization over 5 years: stood at $7.4 million in 2021, then soared by 73.18% to $12.8 million in 2022, then dropped by 6.1% to $12.1 million in 2023, then slumped by 117.26% to -$2.1 million in 2024, then plunged by 188.19% to -$6.0 million in 2025.
  • The last three Accumulated Depreciation & Amortization figures came in at -$6.0 million (Q4 2025), -$10.0 million (Q2 2025), and -$2.1 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn -
2 Goldman Sachs 318.59 Bn -618.96 Bn -
3 Schwab Charles 154.74 Bn 109.76 Bn -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn -
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn -
10 The9 1.57 Bn 1.57 Bn -

Historic Data

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DateValue
Dec 31, 2025 -6.00 Mn
Dec 31, 2025 -6.00 Mn
Jun 30, 2025 -9.97 Mn
Jun 30, 2025 -9.97 Mn
Dec 31, 2024 -2.08 Mn
Dec 31, 2024 -2.08 Mn
Jun 30, 2024 -20.42 Mn
Jun 30, 2024 -20.42 Mn
Dec 31, 2023 12.06 Mn
Dec 31, 2023 12.06 Mn
Jun 30, 2023 -34.14 Mn
Jun 30, 2023 -34.14 Mn
Dec 31, 2022 12.85 Mn
Dec 31, 2022 12.85 Mn
Jun 30, 2022 -34.55 Mn
Jun 30, 2022 -34.55 Mn
Dec 31, 2021 7.42 Mn
Dec 31, 2021 7.42 Mn
Jun 30, 2021 -37.68 Mn
Jun 30, 2021 -37.68 Mn
Jun 30, 2020 -197,514.06
Jun 30, 2020 -197,514.06
Dec 31, 2018 527,935.74
Dec 31, 2018 527,935.74
Dec 31, 2017 800,910.40
Dec 31, 2017 800,910.40
Dec 31, 2016 1.07 Mn
Dec 31, 2016 1.07 Mn
Dec 31, 2015 13.20 Mn
Dec 31, 2015 13.20 Mn
Dec 31, 2014 -4.23 Mn
Dec 31, 2014 -4.23 Mn
Dec 31, 2013 -5.31 Mn
Dec 31, 2013 -5.31 Mn