The9 (NCTY) Convertible Debt (2015 - 2025)

The9's Convertible Debt history runs 11 years deep, the most recent figure standing at $6.8 million for Q4 2025.

• In Q4 2025, Convertible Debt rose 13.25% year-over-year to $6.8 million; the TTM figure through Dec 2025 stood at $6.8 million (up 13.25% YoY), while the FY2025 annual figure was $6.7 million, up 11.81% from the prior year.
• Convertible Debt was $6.8 million for Q4 2025 at The9, up from $2.2 million in the prior quarter.
• In the past five years, Convertible Debt ranged from a high of $14.5 million in Q4 2021 to a low of $2.2 million in Q2 2025.
• Historically, Convertible Debt has averaged $8.2 million across 5 years, with a median of $8.9 million in 2022.
• The sharpest annual moves came in 2021 and 2024: Convertible Debt jumped 1846.63% in 2021, then sank 69.01% in 2024.
• A 5-year view of Convertible Debt shows it stood at $14.5 million in 2021, then sank by 40.96% to $8.6 million in 2022, then gained by 8.0% to $9.3 million in 2023, then slumped by 35.27% to $6.0 million in 2024, then rose by 13.25% to $6.8 million in 2025.
• The last three Convertible Debt figures came in at $6.8 million (Q4 2025), $2.2 million (Q2 2025), and $6.0 million (Q4 2024), per Business Quant data.