The9 (NCTY) Convertible Debt (2015 - 2025)

The9 (NCTY) has reported Convertible Debt for 11 consecutive years, with $6.8 million the latest figure, recorded in 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 came in at $6.8 million for Q4 2025 at The9, up from $2.2 million in the prior quarter.
• The five-year high for Convertible Debt was $14.5 million in Q4 2021, with the low at $2.2 million in Q2 2025.
• Average Convertible Debt over 5 years is $8.2 million, with a median of $8.9 million recorded in 2022.
• Across the five-year window, Convertible Debt jumped 1846.63% in 2021 and slumped 69.01% in 2024, its largest moves.
• Year by year, Convertible Debt stood at $14.5 million in 2021, then slumped by 40.96% to $8.6 million in 2022, then grew by 8.0% to $9.3 million in 2023, then tumbled by 35.27% to $6.0 million in 2024, then climbed by 13.25% to $6.8 million in 2025.
• According to Business Quant data, Convertible Debt over the past three periods registered $6.8 million, $2.2 million, and $6.0 million for Q4 2025, Q2 2025, and Q4 2024 respectively.