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| Date | Value |
|---|---|
| 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 |