Growth Metrics

The9 (NCTY) Total Debt (2013 - 2025)

The9's quarterly Total Debt came in at $24.6 million in Q4 2025, up 98.32% year-on-year from $12.4 million in Q4 2024, and up 24.79% quarter-over-quarter from $19.7 million in Q2 2025.

The9 has reported Total Debt for 13 years, with the latest figure at $24.6 million in Q4 2025.

  • For the quarter ending Q4 2025, Total Debt rose 98.32% year-over-year to $24.6 million; the trailing twelve-month figure through Dec 2025 stood at $24.6 million (up 98.32% YoY), and the FY2025 full-year result was $24.3 million, up 95.8% from the prior year.
  • Total Debt for Q4 2025 stood at $24.6 million, 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 $2.3 million in Q4 2023.
  • Average Total Debt over 5 years is $11.7 million, with a median of $12.4 million recorded in 2024.
  • Year-over-year, Total Debt slumped 49.35% in 2023 and jumped 433.33% in 2024.
  • Tracing NCTY's Total Debt over 5 years: stood at $5.9 million in 2021, then slipped by 22.52% to $4.6 million in 2022, then tumbled by 49.35% to $2.3 million in 2023, then jumped by 433.33% to $12.4 million in 2024, then soared 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 Morgan Stanley 330.71 Bn 197.18 Bn - 119.83 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 259.45 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn -
5 Interactive Brokers 39.54 Bn 50.13 Bn - -
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn -
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - -
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn -
9 Tradeweb Markets 21.29 Bn 20.04 Bn - -
10 The9 1.57 Bn 1.57 Bn - 24.60 Mn

Historic Data

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DateValue
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