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
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 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