The9 (NCTY) Common Equity (2009 - 2025)

The9 (NCTY) recorded quarterly Common Equity of $23.9 million in Q4 2025, down 56.17% quarter-over-quarter from $54.6 million in Q2 2025, and down 47.05% on a YoY basis from $45.2 million in Q4 2024.

The9 (NCTY) Common Equity (2009 - 2025) Analysis & Trends

The9's Common Equity history runs 17 years deep, the most recent figure standing at $23.9 million for Q4 2025.

  • In Q4 2025, Common Equity fell 47.05% year-over-year to $23.9 million; the TTM figure through Dec 2025 stood at $23.9 million (down 47.05% YoY), while the FY2025 annual figure was $24.3 million, down 45.43% from the prior year.
  • Common Equity was $23.9 million for Q4 2025 at The9, down from $54.6 million in the prior quarter.
  • In the past five years, Common Equity ranged from a high of $119.4 million in Q4 2021 to a low of -$26.4 million in Q2 2023.
  • Historically, Common Equity has averaged $37.5 million across 5 years, with a median of $45.2 million in 2024.
  • Biggest YoY gain for Common Equity was 550.46% in 2023; the steepest drop was 157.83% in 2023.
  • A 5-year view of Common Equity shows it stood at $119.4 million in 2021, then slumped by 96.76% to $3.9 million in 2022, then jumped by 550.46% to $25.2 million in 2023, then jumped by 79.58% to $45.2 million in 2024, then sank by 47.05% to $23.9 million in 2025.
  • The last three Common Equity figures came in at $23.9 million (Q4 2025), $54.6 million (Q2 2025), and $45.2 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 114.29 Bn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 122.78 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 49.23 Bn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 9.69 Bn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 5.59 Bn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 5.69 Bn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 6.62 Bn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 2.66 Bn
10 The9 1.59 Bn 1.60 Bn - 23.95 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 23.95 Mn
Jun 30, 2025 54.63 Mn
Dec 31, 2024 45.23 Mn
Jun 30, 2024 46.10 Mn
Dec 31, 2023 25.19 Mn
Jun 30, 2023 -26.42 Mn
Dec 31, 2022 3.87 Mn
Jun 30, 2022 45.68 Mn
Dec 31, 2021 119.41 Mn
Dec 31, 2020 -100.71 Mn
Dec 31, 2019 -174.79 Mn
Jun 30, 2019 -165.36 Mn
Dec 31, 2018 -156.90 Mn
Dec 31, 2017 -121.27 Mn
Dec 31, 2016 -102.90 Mn
Dec 31, 2015 -37.78 Mn
Jun 30, 2015 -14.00 Mn
Dec 31, 2014 10.57 Mn
Jun 30, 2014 5.78 Mn
Dec 31, 2013 31.26 Mn