Growth Metrics

The9 (NCTY) Payables (2009 - 2025)

The9's quarterly Payables came in at $7.5 million in Q4 2025, down 42.99% year-on-year from $13.2 million in Q4 2024, and up 593.32% quarter-over-quarter from $1.1 million in Q2 2025.

The9 has reported Payables for 17 years, with the latest figure at $7.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Payables fell 42.99% year-over-year to $7.5 million; the trailing twelve-month figure through Dec 2025 stood at $7.5 million (down 42.99% YoY), and the FY2025 full-year result was $7.4 million, down 43.72% from the prior year.
  • Payables for Q4 2025 stood at $7.5 million, 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 $2.7 million recorded in 2023.
  • Year-over-year, Payables plunged 99.28% in 2021 and surged 2438.77% in 2022.
  • Tracing NCTY's Payables over 5 years: stood at $20.8 million in 2021, then tumbled by 53.86% to $9.6 million in 2022, then slumped by 86.08% to $1.3 million in 2023, then jumped by 888.14% to $13.2 million in 2024, then slumped by 42.99% to $7.5 million in 2025.
  • The last three Payables figures came in at $7.5 million (Q4 2025), $1.1 million (Q2 2025), and $13.2 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 427.97 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 642.14 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 40.59 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 522.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 676.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 262.22 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 307.68 Mn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 461.84 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 130.70 Mn
10 The9 1.57 Bn 1.57 Bn - 7.51 Mn

Historic Data

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DateValue
Dec 31, 2025 7.51 Mn
Jun 30, 2025 1.08 Mn
Dec 31, 2024 13.17 Mn
Jun 30, 2024 1.21 Mn
Dec 31, 2023 1.33 Mn
Jun 30, 2023 1.31 Mn
Dec 31, 2022 9.58 Mn
Jun 30, 2022 4.12 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 22.11 Mn
Dec 31, 2017 22.05 Mn
Jun 30, 2017 5.47 Mn
Dec 31, 2016 21.19 Mn
Jun 30, 2016 6.40 Mn
Dec 31, 2015 6.47 Mn
Jun 30, 2015 6.24 Mn
Dec 31, 2014 6.55 Mn
Jun 30, 2014 10.50 Mn
Dec 31, 2013 11.41 Mn
Dec 31, 2012 8.79 Mn
Dec 31, 2011 6.95 Mn
Dec 31, 2010 7.06 Mn
Jun 30, 2010 8.72 Mn
Mar 31, 2010 5.83 Mn
Dec 31, 2009 5.14 Mn
Sep 30, 2009 5.11 Mn
Jun 30, 2009 10.31 Mn
Mar 31, 2009 4.99 Mn