Growth Metrics

The9 (NCTY) Notes Payables (2016 - 2025)

The9's quarterly Notes Payables came in at $6.8 million in Q4 2025, down 45.27% year-on-year from $12.4 million in Q4 2024, and down 45.27% quarter-over-quarter from $12.4 million in Q4 2024.

The9 has reported Notes Payables for 9 years, with the latest figure at $6.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Notes Payables fell 45.27% year-over-year to $6.8 million; the trailing twelve-month figure through Dec 2025 stood at $6.8 million (down 45.27% YoY), and the FY2025 full-year result was $25.0 million, up 104.39% from the prior year.
  • Notes Payables for Q4 2025 stood at $6.8 million, down from $12.4 million in the prior quarter.
  • The five-year high for Notes Payables was $14.5 million in Q4 2021, with the low at $6.8 million in Q4 2025.
  • Average Notes Payables over 4 years is $10.6 million, with a median of $10.5 million recorded in 2024.
  • Year-over-year, Notes Payables sank 40.96% in 2022 and tumbled 45.27% in 2025.
  • Tracing NCTY's Notes Payables over 4 years: stood at $14.5 million in 2021, then plunged by 40.96% to $8.6 million in 2022, then jumped by 44.66% to $12.4 million in 2024, then slumped by 45.27% to $6.8 million in 2025.
  • The last three Notes Payables figures came in at $6.8 million (Q4 2025), $12.4 million (Q4 2024), and $8.6 million (Q4 2022), 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 6.79 Mn
Dec 31, 2024 12.40 Mn
Dec 31, 2022 8.57 Mn
Dec 31, 2021 14.52 Mn
Jun 30, 2020 16.94 Mn
Dec 31, 2019 58.76 Mn
Jun 30, 2019 21.44 Mn
Dec 31, 2018 16.27 Mn
Jun 30, 2018 16.56 Mn
Dec 31, 2017 16.44 Mn
Dec 31, 2016 15.76 Mn