Growth Metrics

The9 (NCTY) Total Non-Current Liabilities (2010 - 2025)

The9's quarterly Total Non-Current Liabilities came in at $49.5 million in Q4 2025, up 71.6% year-on-year from $28.8 million in Q4 2024, and up 50.83% quarter-over-quarter from $32.8 million in Q2 2025.

The9 has reported Total Non-Current Liabilities for 16 years, with the latest figure at $49.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Total Non-Current Liabilities rose 71.6% year-over-year to $49.5 million; the trailing twelve-month figure through Dec 2025 stood at $49.5 million (up 71.6% YoY), and the FY2025 full-year result was $48.9 million, up 69.42% from the prior year.
  • Total Non-Current Liabilities for Q4 2025 stood at $49.5 million, up from $32.8 million in the prior quarter.
  • The five-year high for Total Non-Current Liabilities was $77.4 million in Q4 2021, with the low at $21.4 million in Q4 2023.
  • Average Total Non-Current Liabilities over 5 years is $50.3 million, with a median of $51.5 million recorded in 2021.
  • Year-over-year, Total Non-Current Liabilities tumbled 70.78% in 2023 and jumped 71.6% in 2025.
  • Tracing NCTY's Total Non-Current Liabilities over 5 years: stood at $77.4 million in 2021, then dropped by 5.61% to $73.1 million in 2022, then plunged by 70.78% to $21.4 million in 2023, then jumped by 35.06% to $28.8 million in 2024, then jumped by 71.6% to $49.5 million in 2025.
  • The last three Total Non-Current Liabilities figures came in at $49.5 million (Q4 2025), $32.8 million (Q2 2025), and $28.8 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Non-Current Liabilities (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - -
2 Goldman Sachs 318.59 Bn -618.96 Bn - 1,913.89 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - -
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 35.55 Bn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 197.27 Bn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 52.77 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 10.72 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 3.95 Bn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 650.31 Mn
10 The9 1.57 Bn 1.57 Bn - 49.50 Mn

Historic Data

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DateValue
Dec 31, 2025 49.50 Mn
Jun 30, 2025 32.82 Mn
Dec 31, 2024 28.85 Mn
Jun 30, 2024 30.49 Mn
Dec 31, 2023 21.36 Mn
Jun 30, 2023 73.85 Mn
Dec 31, 2022 73.09 Mn
Jun 30, 2022 61.59 Mn
Dec 31, 2021 77.43 Mn
Jun 30, 2021 53.53 Mn
Dec 31, 2020 55.07 Mn
Jun 30, 2020 74.68 Mn
Dec 31, 2019 150.98 Mn
Jun 30, 2019 142.61 Mn
Dec 31, 2018 131.17 Mn
Jun 30, 2018 127.73 Mn
Dec 31, 2017 123.29 Mn
Jun 30, 2017 121.53 Mn
Dec 31, 2016 115.76 Mn
Jun 30, 2016 95.17 Mn
Dec 31, 2015 84.03 Mn
Dec 31, 2014 49.20 Mn
Jun 30, 2014 51.19 Mn
Dec 31, 2013 55.16 Mn
Dec 31, 2012 51.72 Mn
Dec 31, 2011 49.90 Mn
Dec 31, 2010 48.45 Mn