The9 (NCTY) Total Liabilities (2009 - 2025)
The9 (NCTY) recorded quarterly Total Liabilities of $49.5 million in Q4 2025, up 45.92% quarter-over-quarter from $33.9 million in Q2 2025, and up 70.08% on a YoY basis from $29.1 million in Q4 2024.
The9 (NCTY) Total Liabilities (2009 - 2025) Analysis & Trends
The9's Total Liabilities history runs 17 years deep, the most recent figure standing at $49.5 million for 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 was $49.5 million for Q4 2025 at The9, up from $33.9 million in the prior quarter.
- In the past five years, Total Liabilities ranged from a high of $85.5 million in Q4 2021 to a low of $25.3 million in Q4 2023.
- Historically, Total Liabilities has averaged $55.3 million across 5 years, with a median of $59.6 million in 2021.
- The sharpest annual moves came in 2023 and 2025: Total Liabilities plunged 68.48% in 2023, then soared 70.08% in 2025.
- A 5-year view of Total Liabilities shows it stood at $85.5 million in 2021, then decreased by 6.04% to $80.4 million in 2022, then slumped by 68.48% to $25.3 million in 2023, then rose by 14.94% to $29.1 million in 2024, then jumped by 70.08% to $49.5 million in 2025.
- The last three Total Liabilities figures came in at $49.5 million (Q4 2025), $33.9 million (Q2 2025), and $29.1 million (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 1,466.03 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 1,937.40 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 444.09 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 35.79 Bn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 197.49 Bn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 13.15 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 986.11 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 4.60 Bn |
| 10 | The9 | 1.59 Bn | 1.60 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 |