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
DateValue
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