The9 (NCTY) Accumulated Expenses (2014 - 2025)

The9 (NCTY) recorded quarterly Accumulated Expenses of $555651.8 in Q4 2025, up 59.3% quarter-over-quarter from $348811.6 in Q2 2025, and down 90.42% on a YoY basis from $5.8 million in Q4 2024.

The9 (NCTY) Accumulated Expenses (2014 - 2025) Analysis & Trends

The9's Accumulated Expenses history runs 12 years deep, the most recent figure standing at $555651.8 for Q4 2025.

  • In Q4 2025, Accumulated Expenses fell 90.42% year-over-year to $555651.8; the TTM figure through Dec 2025 stood at $555651.8 (down 90.42% YoY), while the FY2025 annual figure was $564000.0, up 177.83% from the prior year.
  • Accumulated Expenses was $555651.8 for Q4 2025 at The9, up from $348811.6 in the prior quarter.
  • In the past five years, Accumulated Expenses ranged from a high of $21.9 million in Q4 2021 to a low of $38055.1 in Q4 2023.
  • Historically, Accumulated Expenses has averaged $5.0 million across 5 years, with a median of $558886.4 in 2025.
  • The sharpest annual moves came in 2023 and 2024: Accumulated Expenses slumped 99.59% in 2023, then soared 15142.52% in 2024.
  • A 5-year view of Accumulated Expenses shows it stood at $21.9 million in 2021, then tumbled by 57.4% to $9.3 million in 2022, then plunged by 99.59% to $38055.1 in 2023, then jumped by 15142.52% to $5.8 million in 2024, then slumped by 90.42% to $555651.8 in 2025.
  • The last three Accumulated Expenses figures came in at $555651.8 (Q4 2025), $348811.6 (Q2 2025), and $5.8 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn -
2 Morgan Stanley 349.82 Bn 216.29 Bn -
3 Goldman Sachs 333.85 Bn -603.70 Bn -
4 Schwab Charles 160.31 Bn 115.33 Bn -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn -
8 Tradeweb Markets 21.20 Bn 19.96 Bn -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn
10 The9 1.59 Bn 1.60 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 555,651.84
Jun 30, 2025 348,811.65
Dec 31, 2024 5.80 Mn
Jun 30, 2024 127,499.96
Dec 31, 2023 38,055.15
Jun 30, 2023 476,726.40
Dec 31, 2022 9.34 Mn
Jun 30, 2022 562,121.00
Dec 31, 2021 21.93 Mn
Jun 30, 2021 10.33 Mn
Dec 31, 2020 12.61 Mn
Jun 30, 2020 12.22 Mn
Dec 31, 2019 1.40 Mn
Jun 30, 2019 2.35 Mn
Dec 31, 2018 11.76 Mn
Jun 30, 2018 1.80 Mn
Dec 31, 2017 12.65 Mn
Jun 30, 2017 177,167.00
Dec 31, 2016 60,476.43
Jun 30, 2016 800,000.00