The9 (NCTY) Operating Leases (2019 - 2025)

The9 (NCTY) recorded quarterly Operating Leases of $1.1 million in Q4 2025, up 393.44% quarter-over-quarter from $223302.0 in Q4 2024, and up 393.44% on a YoY basis from $223302.0 in Q4 2024.

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

The9's Operating Leases history runs 7 years deep, the most recent figure standing at $1.1 million for 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 was $1.1 million for Q4 2025 at The9, up from $223302.0 in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $4.6 million in Q4 2022 to a low of $223302.0 in Q4 2024.
  • Historically, Operating Leases has averaged $1.4 million across 5 years, with a median of $401556.9 in 2021.
  • The sharpest annual moves came in 2022 and 2023: Operating Leases jumped 1057.94% in 2022, then slumped 91.67% in 2023.
  • A 5-year view of Operating Leases shows it stood at $401556.9 in 2021, then surged by 1057.94% to $4.6 million in 2022, then sank by 91.67% to $387218.1 in 2023, then tumbled by 42.33% to $223302.0 in 2024, then soared by 393.44% to $1.1 million in 2025.
  • The last three Operating Leases figures came in at $1.1 million (Q4 2025), $223302.0 (Q4 2024), and $387218.1 (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn -
2 Morgan Stanley 349.82 Bn 216.29 Bn -
3 Goldman Sachs 333.85 Bn -603.70 Bn -
4 Schwab Charles 160.31 Bn 115.33 Bn -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn -
8 Tradeweb Markets 21.20 Bn 19.96 Bn -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn
10 The9 1.59 Bn 1.60 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 1.10 Mn
Dec 31, 2024 223,302.01
Dec 31, 2023 387,218.05
Dec 31, 2022 4.65 Mn
Dec 31, 2021 401,556.91
Dec 31, 2020 943,340.37
Dec 31, 2019 1.37 Mn