The9 (NCTY) Operating Leases (2019 - 2025)

The9 (NCTY) posted quarterly Operating Leases of $1.1 million for Q4 2025, up 393.44% year-over-year from $223302.0 in Q4 2024, and up 432.39% on a QoQ basis from $206964.3 in Q2 2025.

The9 (NCTY) Operating Leases (2019 - 2025) Analysis & Trends

The9 (NCTY) has reported Operating Leases for 7 consecutive years, with $1.1 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Operating Leases rose 393.44% year-over-year to $1.1 million; the TTM figure through Dec 2025 stood at $1.1 million (up 393.44% YoY), while the FY2025 annual figure was $1.1 million, up 408.18% from the prior year.
  • Operating Leases came in at $1.1 million for Q4 2025 at The9, up from $206964.3 in the prior quarter.
  • The five-year high for Operating Leases was $4.6 million in Q4 2022, with the low at $135652.0 in Q2 2022.
  • Average Operating Leases over 5 years is $916355.2, with a median of $531339.0 recorded in 2021.
  • Across the five-year window, Operating Leases jumped 1057.94% in 2022 and tumbled 91.67% in 2023, its largest moves.
  • Year by year, Operating Leases stood at $401556.9 in 2021, then surged by 1057.94% to $4.6 million in 2022, then slumped by 91.67% to $387218.1 in 2023, then plunged by 42.33% to $223302.0 in 2024, then soared by 393.44% to $1.1 million in 2025.
  • According to Business Quant data, Operating Leases over the past three periods registered $1.1 million, $206964.3, and $223302.0 for Q4 2025, Q2 2025, and Q4 2024 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 1.10 Mn
Jun 30, 2025 206,964.34
Dec 31, 2024 223,302.01
Jun 30, 2024 661,121.15
Dec 31, 2023 387,218.05
Jun 30, 2023 701,740.12
Dec 31, 2022 4.65 Mn
Jun 30, 2022 135,652.00
Dec 31, 2021 401,556.91
Jun 30, 2021 694,363.00
Dec 31, 2020 943,340.37
Jun 30, 2020 444,419.00
Dec 31, 2019 1.37 Mn