The9 (NCTY) Total Debt (2013 - 2025)
The9 (NCTY) recorded quarterly Total Debt of $24.6 million in Q4 2025, up 24.79% quarter-over-quarter from $19.7 million in Q2 2025, and up 98.32% on a YoY basis from $12.4 million in Q4 2024.
The9 (NCTY) Total Debt (2013 - 2025) Analysis & Trends
The9's Total Debt history runs 13 years deep, the most recent figure standing at $24.6 million for Q4 2025.
- In Q4 2025, Total Debt rose 98.32% year-over-year to $24.6 million; the TTM figure through Dec 2025 stood at $24.6 million (up 98.32% YoY), while the FY2025 annual figure was $24.3 million, up 98.89% from the prior year.
- Total Debt was $24.6 million for Q4 2025 at The9, up from $19.7 million in the prior quarter.
- In the past five years, Total Debt ranged from a high of $24.6 million in Q4 2025 to a low of $2.3 million in Q4 2023.
- Historically, Total Debt has averaged $11.7 million across 5 years, with a median of $12.4 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Total Debt slumped 49.35% in 2023, then surged 433.33% in 2024.
- A 5-year view of Total Debt shows it stood at $5.9 million in 2021, then decreased by 22.52% to $4.6 million in 2022, then plunged by 49.35% to $2.3 million in 2023, then soared by 433.33% to $12.4 million in 2024, then surged by 98.32% to $24.6 million in 2025.
- The last three Total Debt figures came in at $24.6 million (Q4 2025), $19.7 million (Q2 2025), and $12.4 million (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 103,154.28 Bn | 103,154.28 Bn | - | 6.94 Mn |
| 2 | Morgan Stanley | 334.86 Bn | 201.33 Bn | - | 119.83 Bn |
| 3 | Goldman Sachs | 322.95 Bn | -614.60 Bn | - | 259.45 Bn |
| 4 | Schwab Charles | 158.90 Bn | 113.93 Bn | - | - |
| 5 | Robinhood Markets | 83.76 Bn | 79.11 Bn | 960.00 Mn | - |
| 6 | Interactive Brokers | 40.42 Bn | 51.01 Bn | - | - |
| 7 | LPL Financial Holdings | 23.70 Bn | 22.67 Bn | - | - |
| 8 | Tradeweb Markets | 21.55 Bn | 20.30 Bn | - | - |
| 9 | Iren | 19.92 Bn | 17.71 Bn | 144.76 Mn | - |
| 10 | The9 | 1.56 Bn | 1.57 Bn | - | 24.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 24.60 Mn |
| Jun 30, 2025 | 19.71 Mn |
| Dec 31, 2024 | 12.40 Mn |
| Jun 30, 2024 | 12.65 Mn |
| Dec 31, 2023 | 2.33 Mn |
| Dec 31, 2022 | 4.59 Mn |
| Dec 31, 2021 | 5.93 Mn |
| Dec 31, 2020 | 4.57 Mn |
| Dec 31, 2019 | 56,553.67 |
| Dec 31, 2018 | 8.48 Mn |
| Dec 31, 2017 | 16.44 Mn |
| Jun 30, 2017 | 17.27 Mn |
| Dec 31, 2016 | 20.86 Mn |
| Jun 30, 2016 | 8.82 Mn |
| Dec 31, 2015 | 15.07 Mn |
| Dec 31, 2014 | 2.05 Mn |
| Dec 31, 2013 | 1.58 Mn |