The9 (NCTY) Retained Earnings (2009 - 2025)
The9 (NCTY) posted quarterly Retained Earnings of -$681.4 million for Q4 2025, down 10.48% year-over-year from -$761.1 million in Q4 2024, and down 41343.23% on a QoQ basis from -$1.6 million in Q2 2025.
The9 (NCTY) Retained Earnings (2009 - 2025) Analysis & Trends
The9 (NCTY) has reported Retained Earnings for 16 consecutive years, with -$681.4 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Retained Earnings fell 10.48% year-over-year to -$681.4 million; the TTM figure through Dec 2025 stood at -$681.4 million (down 10.48% YoY), while the FY2025 annual figure was -$1.7 million, up 99.72% from the prior year.
- Retained Earnings came in at -$681.4 million for Q4 2025 at The9, down from -$1.6 million in the prior quarter.
- The five-year high for Retained Earnings was -$1.6 million in Q4 2023, with the low at -$681.4 million in Q4 2025.
- Average Retained Earnings over 5 years is -$192.6 million, with a median of -$1.7 million recorded in 2021.
- Across the five-year window, Retained Earnings surged 99.74% in 2023 and sank 37718.79% in 2024, its largest moves.
- Year by year, Retained Earnings stood at -$2.0 million in 2021, then tumbled by 30906.44% to -$615.6 million in 2022, then jumped by 99.74% to -$1.6 million in 2023, then tumbled by 37718.79% to -$616.8 million in 2024, then dropped by 10.48% to -$681.4 million in 2025.
- According to Business Quant data, Retained Earnings over the past three periods registered -$681.4 million, -$1.6 million, and -$616.8 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | -5.51 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 169.32 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | -10.76 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 3.34 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | -1.80 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 6.17 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 7.93 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | -1.24 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -39.40 Mn |
| 10 | The9 | 11.51 Bn | 11.51 Bn | - | -681.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -681.37 Mn |
| Jun 30, 2025 | -1.64 Mn |
| Dec 31, 2024 | -616.75 Mn |
| Jun 30, 2024 | -1.64 Mn |
| Dec 31, 2023 | -1.63 Mn |
| Jun 30, 2023 | -1.63 Mn |
| Dec 31, 2022 | -615.61 Mn |
| Jun 30, 2022 | -1.71 Mn |
| Dec 31, 2021 | -1.99 Mn |
| Jun 30, 2021 | -1.77 Mn |
| Dec 31, 2020 | -451.51 Mn |
| Jun 30, 2020 | -675,804.00 |
| Dec 31, 2019 | -536,018.74 |
| Jun 30, 2019 | -1.43 Mn |
| Dec 31, 2018 | -1.33 Mn |
| Jun 30, 2018 | -2.09 Mn |
| Dec 31, 2017 | -2.49 Mn |
| Jun 30, 2017 | -444.23 Mn |
| Dec 31, 2016 | -424.72 Mn |
| Jun 30, 2016 | 585,239.00 |