Society Pass Incorporated Financials

SOPA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Society Pass Incorporated (SOPA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 26/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Society Pass Incorporated has an operating margin of -131.2%, meaning the company retains $-131 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -219.8% the prior year.

Growth

Society Pass Incorporated's revenue declined 13% year-over-year, from $8.2M to $7.1M. This contraction results in a growth score of 0/100.

Liquidity

Society Pass Incorporated's current ratio of 0.62 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 5/100, which could limit financial flexibility.

Cash Flow

100

Society Pass Incorporated converts 34.4% of revenue into free cash flow ($2.4M). This strong cash generation earns a score of 100/100.

Piotroski F-Score Weak

3/9

Society Pass Incorporated passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-0.24x

For every $1 of reported earnings, Society Pass Incorporated generates $-0.24 in operating cash flow ($2.5M OCF vs -$10.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-11123.3x

Society Pass Incorporated earns $-11123.3 in operating income for every $1 of interest expense (-$9.3M vs $838). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$7.1M

YoY-13.0%

Society Pass Incorporated generated $7.1M in revenue in fiscal year 2024. This represents a decrease of 13.0% from the prior year.

EBITDA

-$8.7M

YoY+48.1%

Society Pass Incorporated's EBITDA was -$8.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.1% from the prior year.

Free Cash Flow

$2.4M

YoY+117.3%

Society Pass Incorporated generated $2.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 117.3% from the prior year.

Net Income

-$10.2M

YoY+43.6%

Society Pass Incorporated reported -$10.2M in net income in fiscal year 2024. This represents an increase of 43.6% from the prior year.

EPS (Diluted)

$-3.45

YoY+63.3%

Society Pass Incorporated earned $-3.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 63.3% from the prior year.

Cash & Debt

$7.6M

YoY+110.3%

Society Pass Incorporated held $7.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+67.7%

Society Pass Incorporated had 4M shares outstanding in fiscal year 2024. This represents an increase of 67.7% from the prior year.

Gross Margin

26.2%

YoY-4.0pp

Society Pass Incorporated's gross margin was 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.0 percentage points from the prior year.

Operating Margin

-131.2%

YoY+88.6pp

Society Pass Incorporated's operating margin was -131.2% in fiscal year 2024, reflecting core business profitability. This is up 88.6 percentage points from the prior year.

Net Margin

-143.9%

YoY+78.0pp

Society Pass Incorporated's net profit margin was -143.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 78.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$55K

YoY-1.8%

Society Pass Incorporated invested $55K in research and development in fiscal year 2024. This represents a decrease of 1.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$30K

YoY-86.3%

Society Pass Incorporated invested $30K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 86.3% from the prior year.

SOPA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$7.1M-13.0%	$8.2M+45.0%	$5.6M+984.0%	$520K+891.1%	$52K
Cost of Revenue	$39K-91.8%	$475K-77.5%	$2.1M+417.0%	$408K	$0
Gross Profit	$1.9M-24.6%	$2.5M+155.4%	$967K+606.8%	-$191K-426.9%	-$36K
R&D Expenses	$55K-1.8%	$56K-23.8%	$73K-23.8%	$96K-42.1%	$166K
SG&A Expenses	$10.8M-45.5%	$19.8M-35.2%	$30.6M-8.5%	$33.4M+846.4%	$3.5M
Operating Income	-$9.3M+48.1%	-$18.0M+47.4%	-$34.2M+0.2%	-$34.2M-812.3%	-$3.8M
Interest Expense	$838+256.6%	$235-99.1%	$25K-39.5%	$42K-15.3%	$49K
Income Tax	$81K+218.1%	$25K+597.2%	$4K-67.4%	$11K+33.7%	$8K
Net Income	-$10.2M+43.6%	-$18.1M+46.3%	-$33.8M+3.1%	-$34.9M-810.8%	-$3.8M
EPS (Diluted)	$-3.45+63.3%	$-9.39	$-1.38+62.5%	$-3.68-557.1%	$-0.56

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.4M-44.8%	$2.5M+69.8%	$1.5M-21.3%	$1.9M+9.4%	$1.7M-7.4%	$1.8M+5.6%	$1.7M-22.9%	$2.3M
Cost of Revenue	$493K-54.7%	$1.1M+34073.8%	$3K+100.1%	-$2.5M-303.6%	$1.2M+6402.8%	$19K+100.6%	-$3.1M-280.3%	$1.7M
Gross Profit	$887K-37.2%	$1.4M+203.5%	$466K-13.8%	$540K+16.4%	$464K-5.8%	$493K-23.5%	$644K+14.5%	$563K
R&D Expenses	$13K-2.9%	$13K+4.1%	$13K-5.3%	$14K-1.2%	$14K+2.4%	$14K-2.6%	$14K+9.6%	$13K
SG&A Expenses	$6.0M+301.7%	$1.5M-34.3%	$2.3M-36.8%	$3.6M+46.1%	$2.5M-24.1%	$3.2M-40.7%	$5.5M+22.8%	$4.5M
Operating Income	-$5.2M-3337.1%	-$153K+91.8%	-$1.9M+39.8%	-$3.1M-43.8%	-$2.2M+25.5%	-$2.9M+41.6%	-$5.0M-19.5%	-$4.1M
Interest Expense	$833+387.1%	$171+14.8%	$149+100.4%	-$40K-14165.3%	$285+64.7%	$173+124.9%	-$695-350.0%	$278
Income Tax	$67K+8957.6%	$735+28.9%	$570-97.6%	$24K+511.1%	$4K+249.9%	$1K-95.2%	$23K+2969.8%	$746
Net Income	-$5.1M-1168.7%	$479K+126.0%	-$1.8M+54.8%	-$4.1M-110.0%	-$1.9M+31.7%	-$2.8M+49.8%	-$5.7M-46.6%	-$3.9M
EPS (Diluted)	$-0.89-990.0%	$0.10+122.7%	$-0.44+57.3%	$-1.03-41.1%	$-0.73	$-1.21	$-2.59	$-2.03

SOPA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$21.3M+30.0%	$16.4M-50.0%	$32.7M-7.0%	$35.2M+347.2%	$7.9M
Current Assets	$14.5M+82.1%	$7.9M-65.4%	$23.0M-22.4%	$29.6M+5107.0%	$569K
Cash & Equivalents	$7.6M+110.3%	$3.6M-80.8%	$18.9M-18.6%	$23.3M+4491.7%	$507K
Inventory	$158K-63.4%	$431K+38.8%	$311K+40.6%	$221K	$0
Accounts Receivable	$1.1M-17.0%	$1.3M+40.7%	$951K+1709.0%	$53K+2672.2%	$2K
Goodwill	$82K-7.2%	$88K	N/A	$2.8M	N/A
Total Liabilities	$23.7M+109.0%	$11.3M-10.7%	$12.7M+361.7%	$2.7M-85.0%	$18.3M
Current Liabilities	$23.2M+123.0%	$10.4M-10.3%	$11.6M+376.1%	$2.4M-18.5%	$3.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.1M-140.3%	$5.3M-73.9%	$20.3M-37.3%	$32.4M+411.4%	-$10.4M
Retained Earnings	-$110.2M-11.0%	-$99.3M-22.3%	-$81.1M-71.4%	-$47.4M-276.2%	-$12.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$32.9M+12.8%	$29.2M+27.4%	$22.9M+7.7%	$21.3M+63.4%	$13.0M-1.9%	$13.3M-18.9%	$16.4M-21.1%	$20.7M
Current Assets	$26.6M+17.9%	$22.6M+39.8%	$16.2M+11.6%	$14.5M+159.2%	$5.6M+0.8%	$5.5M-30.3%	$7.9M-34.0%	$12.1M
Cash & Equivalents	$6.6M-20.3%	$8.2M+15.9%	$7.1M-7.0%	$7.6M+814.9%	$834K-48.5%	$1.6M-55.4%	$3.6M-55.9%	$8.2M
Inventory	$82K-35.8%	$128K-21.7%	$163K+3.5%	$158K-46.2%	$293K-22.8%	$380K-12.0%	$431K-48.6%	$839K
Accounts Receivable	$1.3M+25.7%	$1.1M+23.9%	$859K-22.7%	$1.1M+43.2%	$776K-42.0%	$1.3M0.0%	$1.3M+3.2%	$1.3M
Goodwill	$82K0.0%	$82K0.0%	$82K0.0%	$82K-7.2%	$88K0.0%	$88K0.0%	$88K-60.5%	$223K
Total Liabilities	$19.6M-27.2%	$26.9M+13.2%	$23.8M+0.4%	$23.7M+117.3%	$10.9M+8.7%	$10.0M-11.5%	$11.3M+5.1%	$10.8M
Current Liabilities	$19.0M-28.4%	$26.5M+13.7%	$23.3M+0.3%	$23.2M+124.5%	$10.3M+10.4%	$9.4M-10.0%	$10.4M+5.6%	$9.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$13.9M+468.1%	$2.4M+469.3%	-$663K+69.0%	-$2.1M-189.6%	$2.4M-32.2%	$3.5M-33.7%	$5.3M-48.8%	$10.4M
Retained Earnings	-$116.6M-4.6%	-$111.5M+0.5%	-$112.0M-1.7%	-$110.2M-5.2%	-$104.7M-1.9%	-$102.7M-3.5%	-$99.3M-6.0%	-$93.6M

SOPA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.5M+117.8%	-$13.9M+3.8%	-$14.5M-33.7%	-$10.8M-764.2%	-$1.3M
Capital Expenditures	$30K-86.3%	$219K-61.3%	$566K+1109.0%	$47K	N/A
Free Cash Flow	$2.4M+117.3%	-$14.1M+5.9%	-$15.0M-38.3%	-$10.9M	N/A
Investing Cash Flow	-$30K+91.2%	-$340K-291.8%	$177K+171.9%	-$247K	N/A
Financing Cash Flow	$1.5M+288.0%	-$786K-107.7%	$10.2M-69.9%	$33.8M+2691.4%	$1.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$786K	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$16.7M-843.9%	-$1.8M+56.1%	-$4.0M-210.5%	$3.7M+522.4%	-$865K+63.4%	-$2.4M+42.3%	-$4.1M-39.5%	-$2.9M
Capital Expenditures	-$132	N/A	N/A	$20K	N/A	N/A	$34K+157.4%	-$59K
Free Cash Flow	-$16.7M	N/A	N/A	$3.6M	N/A	N/A	-$4.1M-37.9%	-$3.0M
Investing Cash Flow	$132	N/A	N/A	-$20K	N/A	N/A	-$44K+44.2%	-$79K
Financing Cash Flow	$15.2M+403.3%	$3.0M-12.2%	$3.4M+1209.6%	-$310K-192.3%	$336K+3367.8%	-$10K+92.4%	-$135K-1250.0%	-$10K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0-100.0%	$487K+236.0%	$145K	$0

SOPA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	26.2%-4.0pp	30.2%+13.1pp	17.2%+53.9pp	-36.7%+32.3pp	-69.0%
Operating Margin	-131.2%+88.6pp	-219.8%+386.3pp	-606.1%+5974.6pp	-6580.7%+569.0pp	-7149.7%
Net Margin	-143.9%+78.0pp	-221.9%+377.6pp	-599.5%+6106.7pp	-6706.2%+591.7pp	-7297.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-48.1%+62.8pp	-110.8%-7.5pp	-103.3%-4.2pp	-99.1%-50.4pp	-48.7%
Current Ratio	0.62-0.1	0.76-1.2	1.98-10.2	12.15+12.0	0.19
Debt-to-Equity	-11.08-13.2	2.14+1.5	0.62+0.5	0.08+1.8	-1.76
FCF Margin	34.4%+207.3pp	-172.9%+93.6pp	-266.5%+1822.5pp	-2089.1%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	64.3%+7.8pp	56.5%+24.9pp	31.6%+2.7pp	28.9%+1.7pp	27.1%+0.5pp	26.7%-10.2pp	36.8%+12.0pp	24.8%
Operating Margin	-379.9%-373.8pp	-6.1%+120.5pp	-126.6%+39.0pp	-165.6%-39.6pp	-126.0%+30.5pp	-156.5%+126.5pp	-283.1%-100.5pp	-182.6%
Net Margin	-370.8%-390.0pp	19.1%+144.1pp	-125.0%+92.5pp	-217.5%-104.2pp	-113.3%+40.4pp	-153.8%+169.9pp	-323.7%-153.5pp	-170.2%
Return on Equity	N/A	19.6%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-15.5%-17.2pp	1.6%+9.7pp	-8.0%+11.1pp	-19.1%-4.2pp	-14.9%+6.5pp	-21.4%+13.2pp	-34.6%-16.0pp	-18.6%
Current Ratio	1.40+0.6	0.85+0.2	0.69+0.1	0.62+0.1	0.54-0.1	0.59-0.2	0.76-0.5	1.22
Debt-to-Equity	1.41-9.6	11.00+46.9	-35.89-24.8	-11.08-15.6	4.57+1.7	2.85+0.7	2.14+1.1	1.04
FCF Margin	-1211.0%	N/A	N/A	194.0%	N/A	N/A	-235.8%-104.0pp	-131.8%

Note: Shareholder equity is negative (-$2.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.62), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Society Pass Incorporated's annual revenue?

Society Pass Incorporated (SOPA) reported $7.1M in total revenue for fiscal year 2024. This represents a -13.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Society Pass Incorporated's revenue growing?

Society Pass Incorporated (SOPA) revenue declined by 13% year-over-year, from $8.2M to $7.1M in fiscal year 2024.

Is Society Pass Incorporated profitable?

No, Society Pass Incorporated (SOPA) reported a net income of -$10.2M in fiscal year 2024, with a net profit margin of -143.9%.

What is Society Pass Incorporated's earnings per share (EPS)?

Society Pass Incorporated (SOPA) reported diluted earnings per share of $-3.45 for fiscal year 2024. This represents a 63.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Society Pass Incorporated's EBITDA?

Society Pass Incorporated (SOPA) had EBITDA of -$8.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Society Pass Incorporated's gross margin?

Society Pass Incorporated (SOPA) had a gross margin of 26.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Society Pass Incorporated's operating margin?

Society Pass Incorporated (SOPA) had an operating margin of -131.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Society Pass Incorporated's net profit margin?

Society Pass Incorporated (SOPA) had a net profit margin of -143.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Society Pass Incorporated's free cash flow?

Society Pass Incorporated (SOPA) generated $2.4M in free cash flow during fiscal year 2024. This represents a 117.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Society Pass Incorporated's operating cash flow?

Society Pass Incorporated (SOPA) generated $2.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Society Pass Incorporated's total assets?

Society Pass Incorporated (SOPA) had $21.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Society Pass Incorporated's capital expenditures?

Society Pass Incorporated (SOPA) invested $30K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Society Pass Incorporated spend on research and development?

Society Pass Incorporated (SOPA) invested $55K in research and development during fiscal year 2024.

How many shares does Society Pass Incorporated have outstanding?

Society Pass Incorporated (SOPA) had 4M shares outstanding as of fiscal year 2024.

What is Society Pass Incorporated's current ratio?

Society Pass Incorporated (SOPA) had a current ratio of 0.62 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Society Pass Incorporated's debt-to-equity ratio?

Society Pass Incorporated (SOPA) had a debt-to-equity ratio of -11.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Society Pass Incorporated's return on assets (ROA)?

Society Pass Incorporated (SOPA) had a return on assets of -48.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Society Pass Incorporated's debt-to-equity ratio negative or unusual?

Society Pass Incorporated (SOPA) has negative shareholder equity of -$2.1M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Society Pass Incorporated's Piotroski F-Score?

Society Pass Incorporated (SOPA) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Society Pass Incorporated's earnings high quality?

Society Pass Incorporated (SOPA) has an earnings quality ratio of -0.24x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Society Pass Incorporated cover its interest payments?

Society Pass Incorporated (SOPA) has an interest coverage ratio of -11123.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Society Pass Incorporated?

Society Pass Incorporated (SOPA) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.