Growth Metrics

The9 (NCTY) Non-cash Items (2011 - 2025)

The9's quarterly Non-cash Items came in at $22.1 million in Q4 2025, down 41.01% year-on-year from $37.5 million in Q4 2024, and down 41.01% quarter-over-quarter from $37.5 million in Q4 2024.

The9 has reported Non-cash Items for 11 years, with the latest figure at $22.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Non-cash Items fell 41.01% year-over-year to $22.1 million; the trailing twelve-month figure through Dec 2025 stood at $22.1 million (down 41.01% YoY), and the FY2025 full-year result was $22.5 million, down 39.02% from the prior year.
  • Non-cash Items for Q4 2025 stood at $22.1 million, down from $37.5 million in the prior quarter.
  • The five-year high for Non-cash Items was $37.5 million in Q4 2024, with the low at $7030.2 in Q4 2022.
  • Average Non-cash Items over 4 years is $15.9 million, with a median of $13.1 million recorded in 2023.
  • Year-over-year, Non-cash Items surged 56994.3% in 2023 and plunged 41.01% in 2025.
  • Tracing NCTY's Non-cash Items over 4 years: stood at $7030.2 in 2022, then surged by 56994.3% to $4.0 million in 2023, then soared by 835.42% to $37.5 million in 2024, then sank by 41.01% to $22.1 million in 2025.
  • The last three Non-cash Items figures came in at $22.1 million (Q4 2025), $37.5 million (Q4 2024), and $4.0 million (Q4 2023), per Business Quant data.

Peer Comparison

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

Historic Data

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DateValue
Dec 31, 2025 22.15 Mn
Dec 31, 2025 22.15 Mn
Dec 31, 2024 37.55 Mn
Dec 31, 2024 37.55 Mn
Dec 31, 2023 4.01 Mn
Dec 31, 2023 4.01 Mn
Dec 31, 2022 7,030.20
Dec 31, 2022 7,030.20
Dec 31, 2017 574,339.62
Dec 31, 2017 574,339.62
Dec 31, 2016 3.00 Mn
Dec 31, 2016 3.00 Mn
Dec 31, 2015 609,520.49
Dec 31, 2015 609,520.49
Dec 31, 2014 593,858.71
Dec 31, 2014 593,858.71
Dec 31, 2013 49,329.11
Dec 31, 2013 49,329.11
Dec 31, 2012 409,960.12
Dec 31, 2012 409,960.12
Dec 31, 2011 74,867.00
Dec 31, 2011 74,867.00