The9 (NCTY) Equity Ratio (2009 - 2025)

The9's Equity Ratio history runs 17 years deep, the most recent figure standing at 0.29 for Q4 2025.

• In Q4 2025, Equity Ratio fell 46.23% year-over-year to 0.29; the TTM figure through Dec 2025 stood at 0.29 (down 46.23% YoY), while the FY2025 annual figure was 0.32, down 39.56% from the prior year.
• Equity Ratio was 0.29 for Q4 2025 at The9, down from 0.53 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.66 in Q2 2021 to a low of 0.05 in Q4 2022.
• Historically, Equity Ratio has averaged 0.43 across 5 years, with a median of 0.52 in 2024.
• The sharpest annual moves came in 2022 and 2023: Equity Ratio tumbled 92.11% in 2022, then soared 984.64% in 2023.
• A 5-year view of Equity Ratio shows it stood at 0.58 in 2021, then sank by 92.11% to 0.05 in 2022, then soared by 984.64% to 0.5 in 2023, then climbed by 6.69% to 0.53 in 2024, then sank by 46.23% to 0.29 in 2025.
• The last three Equity Ratio figures came in at 0.29 (Q4 2025), 0.53 (Q4 2024), and 0.5 (Q4 2023), per Business Quant data.