Growth Metrics

The9 (NCTY) Invested Capital (2009 - 2025)

The9's quarterly Invested Capital came in at $48.5 million in Q4 2025, down 18.48% year-on-year from $59.5 million in Q4 2024, and up 146.26% quarter-over-quarter from $19.7 million in Q2 2025.

The9 has reported Invested Capital for 17 years, with the latest figure at $48.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital fell 18.48% year-over-year to $48.5 million; the trailing twelve-month figure through Dec 2025 stood at $48.5 million (down 18.48% YoY), and the FY2025 full-year result was $47.9 million, down 19.52% from the prior year.
  • Invested Capital for Q4 2025 stood at $48.5 million, up from $19.7 million in the prior quarter.
  • The five-year high for Invested Capital was $132.8 million in Q2 2021, with the low at $6.8 million in Q4 2022.
  • Average Invested Capital over 5 years is $53.3 million, with a median of $36.9 million recorded in 2023.
  • Year-over-year, Invested Capital sank 94.44% in 2022 and soared 267.83% in 2023.
  • Tracing NCTY's Invested Capital over 5 years: stood at $123.1 million in 2021, then slumped by 94.44% to $6.8 million in 2022, then surged by 267.83% to $25.2 million in 2023, then surged by 136.44% to $59.5 million in 2024, then retreated by 18.48% to $48.5 million in 2025.
  • The last three Invested Capital figures came in at $48.5 million (Q4 2025), $19.7 million (Q2 2025), and $59.5 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 486.95 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 122.78 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 49.23 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 9.69 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 5.59 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 3.43 Bn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 12.87 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 2.94 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 7.31 Bn
10 The9 1.57 Bn 1.57 Bn - 48.55 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 48.55 Mn
Jun 30, 2025 19.71 Mn
Dec 31, 2024 59.55 Mn
Jun 30, 2024 10.34 Mn
Dec 31, 2023 25.19 Mn
Dec 31, 2022 6.85 Mn
Dec 31, 2021 123.13 Mn
Jun 30, 2021 132.80 Mn
Dec 31, 2020 -96.15 Mn
Dec 31, 2019 -174.76 Mn
Jun 30, 2019 -165.36 Mn
Dec 31, 2018 -156.68 Mn
Dec 31, 2017 -104.83 Mn
Jun 30, 2017 11.81 Mn
Dec 31, 2016 -87.18 Mn
Jun 30, 2016 3.76 Mn
Dec 31, 2015 -27.69 Mn
Dec 31, 2014 11.60 Mn
Dec 31, 2013 32.05 Mn
Dec 31, 2012 119.89 Mn
Dec 31, 2011 197.02 Mn
Dec 31, 2010 230.92 Mn
Dec 31, 2009 295.31 Mn
Jun 30, 2009 331.45 Mn
Mar 31, 2009 346.17 Mn