The9 (NCTY) Notes Payables (2016 - 2026)
The9's Notes Payables was $24.6 million in Q4 2025, up 98.3% from $12.4 million a year earlier.
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Analysis
The9 (NCTY) Notes Payables (2016 - 2026) Analysis & Trends
At the end of FY2025, Notes Payables at The9 came in at $25 million, up 104.8% from FY2024.
- Notes Payables shows a five-year compound annual growth rate of 126.0% (FY2020 to FY2025).
- In earlier years, Notes Payables was $12.21 million in FY2024 (+73.6%), $7.03 million in FY2023 (-20.5%), $8.84 million in FY2022 (-39.3%) and $14.57 million in FY2021.
- The Q4 2025 figure marks the highest quarterly Notes Payables since Q4 2019.
- The best year-over-year quarter for Notes Payables over five years was Q4 2025 (growth of 98.3%); the worst was Q4 2022 (a decline of 54.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,138.08 Bn | 3,895.61 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,754.39 Bn | 1,456.91 Bn | 49.47 Bn |
| 3 | Netflix | 290.59 Bn | 250.78 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 252.85 Bn | 66.62 Bn | 15.11 Bn |
| 5 | Shopify | 225.01 Bn | 202.19 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.55 Bn | 112.35 Bn | 6.38 Bn |
| 7 | Booking Holdings | 126.34 Bn | 59.39 Bn | - |
| 8 | PDD Holdings | 113.96 Bn | -129.82 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.68 Bn | 66.18 Bn | 1.86 Bn |
| 10 | The9 | 25.13 Mn | 6.92 Mn | 319,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.45 Mn |
| Mar 31, 2026 | 20.02 Mn |
| Dec 31, 2025 | 24.94 Mn |
| Jun 30, 2025 | 19.88 Mn |
| Dec 31, 2024 | 12.21 Mn |
| Jun 30, 2024 | 10.30 Mn |
| Dec 31, 2023 | 7.03 Mn |
| Jun 30, 2023 | 11.36 Mn |
| Dec 31, 2022 | 8.76 Mn |
| Jun 30, 2022 | 9.50 Mn |
| Dec 31, 2021 | 14.57 Mn |
| Jun 30, 2021 | 9.76 Mn |
| Jun 30, 2020 | 16.94 Mn |
| Dec 31, 2019 | 59.28 Mn |
| Jun 30, 2019 | 21.44 Mn |
| Dec 31, 2018 | 54.57 Mn |
| Jun 30, 2018 | 16.56 Mn |
| Dec 31, 2017 | 39.89 Mn |
| Jun 30, 2017 | 11.81 Mn |
| Dec 31, 2016 | 15.48 Mn |
API Access
The9 Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "NCTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();