The9 (NCTY) Non-cash Items (2009 - 2025)
The9 (NCTY) posted quarterly Non-cash Items of $22.1 million for Q4 2025, down 41.01% year-over-year from $37.5 million in Q4 2024, and down 41.01% on a QoQ basis from $37.5 million in Q4 2024.
The9 (NCTY) Non-cash Items (2009 - 2025) Analysis & Trends
The9 (NCTY) has reported Non-cash Items for 13 consecutive years, with $22.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Non-cash Items fell 41.01% year-over-year to $22.1 million; the TTM figure through Dec 2025 stood at $22.1 million (down 41.01% YoY), while the FY2025 annual figure was $22.5 million, down 39.02% from the prior year.
- Non-cash Items came in at $22.1 million for Q4 2025 at The9, 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 $4.0 million in Q4 2023.
- Average Non-cash Items over 5 years is $18.4 million, with a median of $19.9 million recorded in 2021.
- Across the five-year window, Non-cash Items tumbled 60.75% in 2021 and surged 835.42% in 2024, its largest moves.
- Year by year, Non-cash Items stood at $19.9 million in 2021, then slumped by 57.9% to $8.4 million in 2022, then tumbled by 52.18% to $4.0 million in 2023, then surged by 835.42% to $37.5 million in 2024, then tumbled by 41.01% to $22.1 million in 2025.
- According to Business Quant data, Non-cash Items over the past three periods registered $22.1 million, $37.5 million, and $4.0 million for Q4 2025, Q4 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn |
| 10 | The9 | 11.51 Bn | 11.51 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 8.39 Mn |
| Dec 31, 2022 | 8.39 Mn |
| Jun 30, 2021 | 19.94 Mn |
| Jun 30, 2021 | 19.94 Mn |
| Jun 30, 2020 | 50.80 Mn |
| Jun 30, 2020 | 50.80 Mn |
| Dec 31, 2017 | 574,339.62 |
| Dec 31, 2017 | 574,339.62 |
| Dec 31, 2016 | 321,046.60 |
| Dec 31, 2016 | 321,046.60 |
| Dec 31, 2015 | 609,520.49 |
| Dec 31, 2015 | 609,520.49 |
| Dec 31, 2014 | 593,858.71 |
| Dec 31, 2014 | 593,858.71 |