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
DateValue
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