The9 (NCTY) Total Debt (2013 - 2025)
The9 (NCTY) posted quarterly Total Debt of $24.6 million for Q4 2025, up 98.32% year-over-year from $12.4 million in Q4 2024, and up 24.79% on a QoQ basis from $19.7 million in Q2 2025.
The9 (NCTY) Total Debt (2013 - 2025) Analysis & Trends
The9 (NCTY) has reported Total Debt for 13 consecutive years, with $24.6 million the latest figure, recorded in 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 95.8% from the prior year.
- Total Debt came in at $24.6 million for Q4 2025 at The9, up from $19.7 million in the prior quarter.
- The five-year high for Total Debt was $24.6 million in Q4 2025, with the low at $382494.8 in Q2 2023.
- Average Total Debt over 5 years is $10.3 million, with a median of $9.2 million recorded in 2021.
- Across the five-year window, Total Debt tumbled 49.35% in 2023 and surged 3207.45% in 2024, its largest moves.
- Year by year, Total Debt stood at $5.9 million in 2021, then declined by 22.52% to $4.6 million in 2022, then sank 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.
- According to Business Quant data, Total Debt over the past three periods registered $24.6 million, $19.7 million, and $12.4 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 119.83 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 259.45 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 8.63 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | - |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | - |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | - |
| 10 | The9 | 11.51 Bn | 11.51 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 | 3.38 Mn |
| Dec 31, 2023 | 2.33 Mn |
| Jun 30, 2023 | 382,494.77 |
| 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 | 5.40 Mn |
| Dec 31, 2016 | 20.86 Mn |
| Jun 30, 2016 | 5.06 Mn |
| Dec 31, 2015 | 15.07 Mn |
| Dec 31, 2013 | 1.58 Mn |