The9 (NCTY) Payables (2009 - 2026)
The9's Payables was $2.17 million in Q2 2026, up 100.2% from $1.08 million a year earlier and up 0.4% from the prior quarter.
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Analysis
The9 (NCTY) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Payables at The9 came in at $26.49 million, up 101.1% from FY2024.
- Payables shows a five-year compound annual growth rate of 36.5% (FY2020 to FY2025).
- In earlier years, Payables was $13.17 million in FY2024 (+57.1%), $8.39 million in FY2023 (-74.5%), $32.9 million in FY2022 (+32.2%) and $24.89 million in FY2021 (+345.6%).
- Quarterly Payables has moved between $1.08 million (Q2 2025) and $26.84 million (Q4 2025) over five years.
- Compared with a year earlier, Payables was higher in three of the last four quarters, with growth averaging 43.2%.
- The best year-over-year quarter for Payables over five years was Q4 2021 (growth of 332.0%); the worst was Q2 2025 (a decline of 90.6%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,148.90 Bn | 3,906.42 Bn | 73.85 Bn | 20.26 Bn |
| 2 | Meta Platforms | 1,755.48 Bn | 1,458.00 Bn | 49.47 Bn | 15.89 Bn |
| 3 | Netflix | 291.35 Bn | 251.54 Bn | 6.52 Bn | 3.30 Bn |
| 4 | Alibaba Group Holding | 252.50 Bn | 66.28 Bn | 15.11 Bn | 60.76 Bn |
| 5 | Shopify | 226.34 Bn | 203.52 Bn | 1.71 Bn | 1.12 Bn |
| 6 | Uber Technologies | 139.81 Bn | 111.61 Bn | 6.38 Bn | 3.36 Bn |
| 7 | Booking Holdings | 125.28 Bn | 58.33 Bn | - | 5.15 Bn |
| 8 | PDD Holdings | 113.90 Bn | -129.87 Bn | 9.45 Bn | 11.32 Bn |
| 9 | Spotify Technology | 108.67 Bn | 66.17 Bn | 1.86 Bn | 1.51 Bn |
| 10 | The9 | 25.24 Mn | 7.04 Mn | 319,000.00 | 23.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.60 Mn |
| Mar 31, 2026 | 22.19 Mn |
| Dec 31, 2025 | 27.21 Mn |
| Jun 30, 2025 | 20.97 Mn |
| Dec 31, 2024 | 12.97 Mn |
| Jun 30, 2024 | 11.51 Mn |
| Dec 31, 2023 | 8.38 Mn |
| Jun 30, 2023 | 12.62 Mn |
| Dec 31, 2022 | 9.78 Mn |
| Jun 30, 2022 | 13.61 Mn |
| Dec 31, 2021 | 20.83 Mn |
| Jun 30, 2021 | 9.92 Mn |
| Dec 31, 2020 | 5.46 Mn |
| Jun 30, 2020 | 22.41 Mn |
| Dec 31, 2019 | 64.76 Mn |
| Jun 30, 2019 | 26.93 Mn |
| Dec 31, 2018 | 60.10 Mn |
| Jun 30, 2018 | 22.07 Mn |
| Dec 31, 2017 | 45.58 Mn |
| Jun 30, 2017 | 17.26 Mn |
API Access
The9 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=payables&ticker=NCTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=payables&ticker=NCTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();