The9 (NCTY) Total Liabilities (2009 - 2025)
The9 (NCTY) posted quarterly Total Liabilities of $49.5 million for Q4 2025, up 70.08% year-over-year from $29.1 million in Q4 2024, and up 45.92% on a QoQ basis from $33.9 million in Q2 2025.
The9 (NCTY) Total Liabilities (2009 - 2025) Analysis & Trends
The9 (NCTY) has reported Total Liabilities for 17 consecutive years, with $49.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Total Liabilities rose 70.08% year-over-year to $49.5 million; the TTM figure through Dec 2025 stood at $49.5 million (up 70.08% YoY), while the FY2025 annual figure was $50.2 million, up 75.29% from the prior year.
- Total Liabilities came in at $49.5 million for Q4 2025 at The9, up from $33.9 million in the prior quarter.
- The five-year high for Total Liabilities was $85.5 million in Q4 2021, with the low at $25.3 million in Q4 2023.
- Average Total Liabilities over 5 years is $55.3 million, with a median of $59.6 million recorded in 2021.
- Across the five-year window, Total Liabilities sank 68.48% in 2023 and soared 70.08% in 2025, its largest moves.
- Year by year, Total Liabilities stood at $85.5 million in 2021, then declined by 6.04% to $80.4 million in 2022, then tumbled by 68.48% to $25.3 million in 2023, then climbed by 14.94% to $29.1 million in 2024, then jumped by 70.08% to $49.5 million in 2025.
- According to Business Quant data, Total Liabilities over the past three periods registered $49.5 million, $33.9 million, and $29.1 million for Q4 2025, Q2 2025, and Q4 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1,466.03 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 1,937.40 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 444.09 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 24.19 Bn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 35.79 Bn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 13.15 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 986.11 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 77.11 Bn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 4.60 Bn |
| 10 | The9 | 11.51 Bn | 11.51 Bn | - | 49.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 49.52 Mn |
| Jun 30, 2025 | 33.94 Mn |
| Dec 31, 2024 | 29.11 Mn |
| Jun 30, 2024 | 31.96 Mn |
| Dec 31, 2023 | 25.33 Mn |
| Jun 30, 2023 | 76.78 Mn |
| Dec 31, 2022 | 80.36 Mn |
| Jun 30, 2022 | 70.30 Mn |
| Dec 31, 2021 | 85.53 Mn |
| Jun 30, 2021 | 69.71 Mn |
| Dec 31, 2020 | 55.35 Mn |
| Jun 30, 2020 | 74.72 Mn |
| Dec 31, 2019 | 151.01 Mn |
| Jun 30, 2019 | 142.96 Mn |
| Dec 31, 2018 | 131.38 Mn |
| Jun 30, 2018 | 127.85 Mn |
| Dec 31, 2017 | 123.85 Mn |
| Jun 30, 2017 | 123.38 Mn |
| Dec 31, 2016 | 118.16 Mn |
| Jun 30, 2016 | 99.46 Mn |