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
DateValue
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