The9 (NCTY) Invested Capital (2009 - 2025)

The9's Invested Capital history runs 17 years deep, the most recent figure standing at $48.5 million for 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 18.24% from the prior year.
• Invested Capital was $48.5 million for Q4 2025 at The9, up from $19.7 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $132.8 million in Q2 2021 to a low of $6.8 million in Q4 2022.
• Historically, Invested Capital has averaged $53.3 million across 5 years, with a median of $36.9 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Invested Capital sank 94.44% in 2022, then jumped 267.83% in 2023.
• A 5-year view of Invested Capital shows it stood at $123.1 million in 2021, then tumbled 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 fell 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.