9f Inc. balance sheet

At the end of fiscal 2025, 9f Inc. had total assets of $615m, total liabilities of $75.4m and shareholders' equity of $531m. It held $62.1m in cash against $0 of debt: net cash of $62.1m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

9f Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	581	795	673	418	383	353	238	52	62
Receivables	—	26	40	6	13	13	5	11	12
Inventory	—	—	—	0	0	0	0	0	0
Goodwill	0	2	10	3	3	4	—	—	—
Total assets	—	1,325	1,276	826	792	625	569	565	615
Total debt	0	0	0	0	0	1	—	0	0
Total liabilities	—	214	367	178	135	87	66	64	75
Shareholders' equity	569	908	902	639	649	530	495	493	531
Non-controlling interests and other (assets − liabilities − equity)	—	203	—	—	—	—	—	—	—
Net debt (negative = net cash)	−581	−795	−673	−418	−383	−352	−238	−52	−62
Shares outstanding	8m	8m	10m	10m	12m	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from 9f Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to 9f Inc.