The9 (NCTY) Invested Capital (2009 - 2025)

The9 (NCTY) has reported Invested Capital for 17 consecutive years, with $48.5 million the latest figure, recorded in Q4 2025.

• In Q4 2025, Invested Capital fell 18.48% year-over-year to $48.5 million; the TTM figure through Dec 2025 stood at $48.5 million (down 18.48% YoY), while the FY2025 annual figure was $47.9 million, down 19.52% from the prior year.
• Invested Capital came in at $48.5 million for Q4 2025 at The9, down from $74.3 million in the prior quarter.
• The five-year high for Invested Capital was $123.1 million in Q4 2021, with the low at -$26.4 million in Q2 2023.
• Average Invested Capital over 5 years is $46.0 million, with a median of $48.5 million recorded in 2025.
• Across the five-year window, Invested Capital plunged 156.93% in 2023 and soared 313.65% in 2024, its largest moves.
• Year by year, Invested Capital stood at $123.1 million in 2021, then plunged by 94.44% to $6.8 million in 2022, then jumped by 267.83% to $25.2 million in 2023, then jumped by 136.44% to $59.5 million in 2024, then slipped by 18.48% to $48.5 million in 2025.
• According to Business Quant data, Invested Capital over the past three periods registered $48.5 million, $74.3 million, and $59.5 million for Q4 2025, Q2 2025, and Q4 2024 respectively.