The9 (NCTY) Intangibles (2009 - 2025)

The9 (NCTY) posted quarterly Intangibles of $2.2 million for Q4 2025, up 31.26% year-over-year from $1.7 million in Q4 2024, and down 54.46% on a QoQ basis from $4.9 million in Q2 2025.

The9 (NCTY) Intangibles (2009 - 2025) Analysis & Trends

The9 (NCTY) has reported Intangibles for 13 consecutive years, with $2.2 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Intangibles rose 31.26% year-over-year to $2.2 million; the TTM figure through Dec 2025 stood at $2.2 million (up 31.26% YoY), while the FY2025 annual figure was $2.3 million, up 88.25% from the prior year.
  • Intangibles came in at $2.2 million for Q4 2025 at The9, down from $4.9 million in the prior quarter.
  • The five-year high for Intangibles was $13.5 million in Q4 2021, with the low at -$19.1 million in Q2 2021.
  • Average Intangibles over 5 years is $4.6 million, with a median of $6.5 million recorded in 2022.
  • Across the five-year window, Intangibles surged 128.82% in 2022 and sank 86.07% in 2024, its largest moves.
  • Year by year, Intangibles stood at $13.5 million in 2021, then tumbled by 30.75% to $9.3 million in 2022, then jumped by 30.6% to $12.2 million in 2023, then tumbled by 86.07% to $1.7 million in 2024, then jumped by 31.26% to $2.2 million in 2025.
  • According to Business Quant data, Intangibles over the past three periods registered $2.2 million, $4.9 million, and $1.7 million for Q4 2025, Q2 2025, and Q4 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Intangibles (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 5.96 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.41 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 14.12 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 203.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 3.41 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 1.12 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 421.02 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -
10 The9 11.51 Bn 11.51 Bn - 2.23 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 2.23 Mn
Jun 30, 2025 4.89 Mn
Dec 31, 2024 1.70 Mn
Jun 30, 2024 7.55 Mn
Dec 31, 2023 12.18 Mn
Jun 30, 2023 8.08 Mn
Dec 31, 2022 9.33 Mn
Jun 30, 2022 5.50 Mn
Dec 31, 2021 13.47 Mn
Jun 30, 2021 13.45 Mn
Dec 31, 2018 9.05 Mn
Dec 31, 2015 12.36 Mn
Jun 30, 2015 14.42 Mn
Dec 31, 2014 15.89 Mn
Jun 30, 2014 18.47 Mn
Dec 31, 2013 21.15 Mn
Dec 31, 2012 24.81 Mn
Dec 31, 2011 25.10 Mn
Dec 31, 2010 2.65 Mn
Jun 30, 2010 37.46 Mn