The9 annual net debt
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2025
The9 Net Debt Growth & History (NCTY)
The9's net debt was $239,000 for fiscal 2025.
View full The9 company overviewThe9 annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $239,000 | −$4.8M | −95.23% |
| 2024 | 2024-12-31 | $5.0M | $982,216 | +24.37% |
| 2023 · Dec 31 | 2023-12-31 | $4.0M | $1.7M | +72.47% |
| 2022 | 2022-12-31 | $2.3M | $53.9M | — |
| 2021 | 2021-12-31 | −$51.6M | −$47.6M | — |
| 2020 | 2020-12-31 | −$4.0M | −$63.3M | — |
| 2019 | 2019-12-31 | $59.3M | $5.4M | +9.92% |
| 2018 | 2018-12-31 | $54.0M | $34.7M | +179.57% |
| 2017 | 2017-12-31 | $19.3M | −$18.6M | −49.10% |
| 2016 | 2016-12-31 | $37.9M | $24.1M | +174.63% |
| 2015 | 2015-12-31 | $13.8M | — | — |
The9 quarterly net debt
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Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q2.21
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $239,000 | −$4.8M | −95.23% |
| Q4 2024 | 2024-12-31 | $5.0M | $982,216 | +24.37% |
| Q4 2023 · Dec 31 | 2023-12-31 | $4.0M | $1.7M | +72.47% |
| Q4 2022 | 2022-12-31 | $2.3M | $53.9M | — |
| Q4 2021 | 2021-12-31 | −$51.6M | −$47.6M | — |
| Q2 2021 | 2021-06-30 | −$119.5M | — | — |
| Q4 2020 | 2020-12-31 | −$4.0M | −$63.3M | — |
| Q4 2019 | 2019-12-31 | $59.3M | $5.4M | +9.92% |
| Q4 2018 | 2018-12-31 | $54.0M | $34.7M | +179.57% |
| Q4 2017 | 2017-12-31 | $19.3M | −$18.6M | −49.10% |
| Q4 2016 | 2016-12-31 | $37.9M | $24.1M | +174.63% |
| Q4 2015 | 2015-12-31 | $13.8M | — | — |
The9 net debt trends
Over the last five fiscal years, The9's net debt increased from −$4.0M to $239,000, a change of $4.3M. The latest reported quarter, Q4 2025, shows $239,000.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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