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
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