Growth Metrics

The9 (NCTY) Common Equity (2009 - 2025)

The9's quarterly Common Equity came in at $23.9 million in Q4 2025, down 47.05% year-on-year from $45.2 million in Q4 2024, and down 56.17% quarter-over-quarter from $54.6 million in Q2 2025.

The9 has reported Common Equity for 17 years, with the latest figure at $23.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Common Equity fell 47.05% year-over-year to $23.9 million; the trailing twelve-month figure through Dec 2025 stood at $23.9 million (down 47.05% YoY), and the FY2025 full-year result was $24.3 million, down 45.43% from the prior year.
  • Common Equity for Q4 2025 stood at $23.9 million, down from $54.6 million in the prior quarter.
  • The five-year high for Common Equity was $119.4 million in Q4 2021, with the low at -$26.4 million in Q2 2023.
  • Average Common Equity over 5 years is $37.5 million, with a median of $45.2 million recorded in 2024.
  • Peak annual rise in Common Equity reached 550.46% in 2023, while the deepest fall reached 157.83% in 2023.
  • Tracing NCTY's Common Equity over 5 years: stood at $119.4 million in 2021, then sank by 96.76% to $3.9 million in 2022, then surged by 550.46% to $25.2 million in 2023, then surged by 79.58% to $45.2 million in 2024, then plunged 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 Morgan Stanley 330.71 Bn 197.18 Bn - 114.29 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 122.78 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 49.23 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 9.69 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 5.59 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 3.43 Bn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 5.69 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 2.66 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 6.62 Bn
10 The9 1.57 Bn 1.57 Bn - 23.95 Mn

Historic Data

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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
Jun 30, 2020 -110.69 Mn
Dec 31, 2019 -174.79 Mn
Dec 31, 2018 -156.90 Mn
Jun 30, 2018 -139.53 Mn
Dec 31, 2017 -121.27 Mn
Jun 30, 2017 -120.26 Mn
Dec 31, 2016 -102.90 Mn
Jun 30, 2016 -71.32 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
Dec 31, 2012 119.89 Mn
Dec 31, 2011 197.02 Mn
Dec 31, 2010 230.92 Mn
Jun 30, 2010 280.96 Mn
Mar 31, 2010 287.00 Mn
Dec 31, 2009 295.31 Mn
Sep 30, 2009 323.20 Mn