The9 (NCTY) Retained Earnings (2009 - 2025)
The9 (NCTY) recorded quarterly Retained Earnings of -$681.4 million in Q4 2025, down 41343.23% quarter-over-quarter from -$1.6 million in Q2 2025, and down 10.48% on a YoY basis from -$761.1 million in Q4 2024.
The9 (NCTY) Retained Earnings (2009 - 2025) Analysis & Trends
The9's Retained Earnings history runs 16 years deep, the most recent figure standing at -$681.4 million for 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 was -$681.4 million for Q4 2025 at The9, down from -$1.6 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$1.6 million in Q4 2023 to a low of -$681.4 million in Q4 2025.
- Historically, Retained Earnings has averaged -$192.6 million across 5 years, with a median of -$1.7 million in 2021.
- The sharpest annual moves came in 2023 and 2024: Retained Earnings surged 99.74% in 2023, then plunged 37718.79% in 2024.
- A 5-year view of Retained Earnings shows it stood at -$2.0 million in 2021, then slumped by 30906.44% to -$615.6 million in 2022, then jumped by 99.74% to -$1.6 million in 2023, then slumped by 37718.79% to -$616.8 million in 2024, then retreated by 10.48% to -$681.4 million in 2025.
- The last three Retained Earnings figures came in at -$681.4 million (Q4 2025), -$1.6 million (Q2 2025), and -$616.8 million (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | -103.29 Mn |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | -5.51 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 169.32 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | -10.76 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | -1.80 Bn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 3.60 Bn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 6.17 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 7.93 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | -39.40 Mn |
| 10 | The9 | 1.59 Bn | 1.60 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 |