The9 (NCTY) Payables (2009 - 2025)
The9 (NCTY) posted quarterly Payables of $7.5 million for Q4 2025, down 42.99% year-over-year from $13.2 million in Q4 2024, and up 593.32% on a QoQ basis from $1.1 million in Q2 2025.
The9 (NCTY) Payables (2009 - 2025) Analysis & Trends
The9 (NCTY) has reported Payables for 17 consecutive years, with $7.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Payables fell 42.99% year-over-year to $7.5 million; the TTM figure through Dec 2025 stood at $7.5 million (down 42.99% YoY), while the FY2025 annual figure was $7.4 million, down 43.72% from the prior year.
- Payables came in at $7.5 million for Q4 2025 at The9, up from $1.1 million in the prior quarter.
- The five-year high for Payables was $20.8 million in Q4 2021, with the low at $162224.0 in Q2 2021.
- Average Payables over 5 years is $6.0 million, with a median of $2.8 million recorded in 2022.
- Across the five-year window, Payables sank 99.28% in 2021 and surged 2478.75% in 2022, its largest moves.
- Year by year, Payables stood at $20.8 million in 2021, then sank by 53.86% to $9.6 million in 2022, then plunged by 86.08% to $1.3 million in 2023, then soared by 888.14% to $13.2 million in 2024, then plunged by 42.99% to $7.5 million in 2025.
- According to Business Quant data, Payables over the past three periods registered $7.5 million, $1.1 million, and $13.2 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 427.97 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 642.14 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 40.59 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 96.56 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 522.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 307.68 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 130.70 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 262.22 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 461.84 Mn |
| 10 | The9 | 11.51 Bn | 11.51 Bn | - | 7.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.51 Mn |
| Jun 30, 2025 | 1.08 Mn |
| Dec 31, 2024 | 13.17 Mn |
| Jun 30, 2024 | 11.55 Mn |
| Dec 31, 2023 | 1.33 Mn |
| Jun 30, 2023 | 1.31 Mn |
| Dec 31, 2022 | 9.58 Mn |
| Jun 30, 2022 | 4.18 Mn |
| Dec 31, 2021 | 20.76 Mn |
| Jun 30, 2021 | 162,224.00 |
| Dec 31, 2020 | 5.37 Mn |
| Jun 30, 2020 | 22.41 Mn |
| Dec 31, 2019 | 64.18 Mn |
| Jun 30, 2019 | 26.94 Mn |
| Dec 31, 2018 | 21.77 Mn |
| Jun 30, 2018 | 22.96 Mn |
| Dec 31, 2017 | 22.05 Mn |
| Jun 30, 2017 | 17.08 Mn |
| Dec 31, 2016 | 21.19 Mn |
| Jun 30, 2016 | 10.16 Mn |