The9 (NCTY) Notes Payables (2016 - 2025)

The9's Notes Payables history runs 9 years deep, the most recent figure standing at $6.8 million for Q4 2025.

• In Q4 2025, Notes Payables fell 45.27% year-over-year to $6.8 million; the TTM figure through Dec 2025 stood at $6.8 million (down 45.27% YoY), while the FY2025 annual figure was $25.0 million, up 104.39% from the prior year.
• Notes Payables was $6.8 million for Q4 2025 at The9, down from $12.4 million in the prior quarter.
• In the past five years, Notes Payables ranged from a high of $14.5 million in Q4 2021 to a low of $6.8 million in Q4 2025.
• Historically, Notes Payables has averaged $10.6 million across 4 years, with a median of $10.5 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Notes Payables sank 40.96% in 2022, then tumbled 45.27% in 2025.
• A 4-year view of Notes Payables shows it stood at $14.5 million in 2021, then sank by 40.96% to $8.6 million in 2022, then soared by 44.66% to $12.4 million in 2024, then tumbled 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.