Society Pass Incorporated (SOPA) Financials
Newest figures come from the 10-Q for Q3 FY2025, filed Nov 14, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SOPA SEC filings page.
Society Pass Incorporated (SOPA) reported $7.1M in revenue for fiscal year 2024, down 13.0% from the prior fiscal year. This page shows its 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).
The business’s cash flow turned positive through overhead reduction, but weaker sales and a balance sheet short of obligations remain central constraints.
The 2024 operating margin improved to-131.2% even though gross margin was only26.2% , indicating the main change was overhead reduction rather than stronger gross economics.
Despite a net loss of
A 0.6x current ratio shows current assets do not cover current liabilities. Because liabilities exceeded assets in FY2024 after positive equity in the prior two years, the balance sheet is more dependent on financing than on an internal capital cushion.
Financial Health Signals
Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Society Pass Incorporated's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Society Pass Incorporated, and counted as zero in the overall score.
Society Pass Incorporated had 4M shares outstanding at the end of fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Society Pass Incorporated scores 93/100 among other emerging companies.
Society Pass Incorporated spent $55K on research and development in fiscal year 2024, which was 0.3% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Society Pass Incorporated scores 6/100 among other emerging companies.
Society Pass Incorporated reported revenue of $7.1M in fiscal year 2024, against $8.2M in fiscal year 2023. Revenue Progress ranks emerging companies on the three-year path of that line, and Society Pass Incorporated scores 58/100 among other emerging companies.
Society Pass Incorporated's operations generated $2.5M of cash in fiscal year 2024, against $13.9M used in fiscal year 2023. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Society Pass Incorporated scores 90/100 among other emerging companies.
Not available for Society Pass Incorporated, and counted as zero in the overall score.
Society Pass Incorporated scores -8.83, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($978K) relative to total liabilities ($23.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Society Pass Incorporated passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Society Pass Incorporated reported a net loss of $10.2M while generating $2.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Society Pass Incorporated reported an operating loss of $9.3M against $838 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Society Pass Incorporated generated $1.4M in revenue in Q3 2025. This represents a decrease of 17.6% from the same quarter a year earlier. Against the prior quarter it is down 44.8%.
Society Pass Incorporated's EBITDA was -$5.2M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 366.6% from the same quarter a year earlier. Against the prior quarter it is down 4773.2%.
Society Pass Incorporated reported -$5.1M in net income in Q3 2025. This represents a decrease of 271.5% from the same quarter a year earlier. Against the prior quarter it is down 1168.7%.
Society Pass Incorporated earned -$0.89 per diluted share (EPS) in Q3 2025. Against the prior quarter it is down 990.0%.
Cash & Balance Sheet
Society Pass Incorporated recorded an outflow of $16.7M in free cash flow in Q3 2025, representing a cash shortfall after capex.
Society Pass Incorporated held $6.6M in cash as of Q3 2025; long-term debt is not reported for that period.
Not reported for Q3 2025.
Margins & Returns
Society Pass Incorporated's gross margin was 64.3% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is up 42.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.8 percentage points.
Society Pass Incorporated's ROE was -36.8% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is up 122.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 56.4 percentage points.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Society Pass Incorporated invested $13K in research and development in Q3 2025. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 2.9%.
Society Pass Incorporated invested $132 in capex in Q3 2025, funding long-term assets and infrastructure.
Not reported for Q3 2025.
SOPA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'2410-Q | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4M-17.6% | $2.5M+46.2% | $1.5M-20.2% | $1.9M+7.0% | $1.7M-26.1% | $1.7M-21.8% | $1.8M-6.1% | $1.7M-33.8% |
| Cost of Revenue | $493K-62.4% | $1.1M-12.7% | $3K-83.4% | -$2.5M+17.6% | $1.3M-23.2% | $1.2M-22.6% | $19K-91.9% | -$3.1M-531.4% |
| Gross Profit | $887K+142.7% | $1.4M+204.3% | $466K-5.5% | $540K-16.1% | $366K-35.0% | $464K-19.6% | $493K-28.2% | $644K-4.4% |
| R&D Expenses | $13K-4.0% | $13K-2.6% | $13K-4.1% | $14K-1.4% | $14K+7.8% | $14K-9.0% | $14K-3.0% | $14K-15.3% |
| SG&A Expenses | $6.0M+303.3% | $1.5M-39.4% | $2.3M-29.9% | $3.6M-34.3% | $1.5M-66.6% | $2.5M-36.5% | $3.2M-45.9% | $5.5M-26.5% |
| Operating Income | -$5.2M-346.5% | -$153K+92.9% | -$1.9M+35.5% | -$3.1M+37.4% | -$1.2M+71.6% | -$2.2M+36.9% | -$2.9M+46.9% | -$5.0M+49.7% |
| EBITDA | -$5.2M-366.6% | -$107K+94.9% | -$1.7M+37.0% | -$2.7M+51.2% | -$1.1M+71.9% | -$2.1M+17.6% | -$2.7M+40.6% | -$5.6M+37.7% |
| Interest Expense | $833-97.9% | $171-40.0% | $149-13.9% | -$40K-5667.8% | $40K+14456.1% | $285-5.0% | $173-50.9% | -$695-107.4% |
| Income Tax | $67K+28.5% | $735-81.1% | $570-48.6% | $24K+3.7% | $52K+6844.8% | $4K+268.5% | $1K+80.8% | $23K+2777.0% |
| Net Income | -$5.1M-271.5% | $479K+124.7% | -$1.8M+35.2% | -$4.1M+28.1% | -$1.4M+64.3% | -$1.9M+41.5% | -$2.8M+46.4% | -$5.7M+41.3% |
| EPS (Basic) | -$0.84-75.0% | $0.09+112.3% | -$0.44+63.6% | N/A | -$0.48+76.4% | -$0.73+58.8% | -$1.21+59.7% | N/A |
| EPS (Diluted) | -$0.89 | $0.10 | -$0.44 | N/A | -$0.48 | -$0.73 | -$1.21+59.7% | N/A |
| Diluted Shares (Avg) | 6M | 5M | 4M | N/A | 3M | 3M | 2M+29.7% | N/A |
SOPA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'2410-Q | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32.9M+93.9% | $29.2M+124.2% | $22.9M+72.6% | $21.3M+30.0% | $17.0M-18.1% | $13.0M-45.7% | $13.3M-49.1% | $16.4M-50.0% |
| Current Assets | $26.6M+171.4% | $22.6M+304.4% | $16.2M+191.5% | $14.5M+82.1% | $9.8M-18.6% | $5.6M-61.7% | $5.5M-67.1% | $7.9M-65.4% |
| Cash & Equivalents | $6.6M+55.3% | $8.2M+885.5% | $7.1M+338.0% | $7.6M+110.3% | $4.2M-48.7% | $834K-92.3% | $1.6M-88.2% | $3.6M-80.8% |
| Inventory | $82K-72.1% | $128K-56.4% | $163K-57.0% | $158K-63.4% | $294K-64.9% | $293K+46.4% | $380K+65.8% | $431K+38.8% |
| Accounts Receivable | $1.3M+75.0% | $1.1M+37.1% | $859K-35.8% | $1.1M-17.0% | $764K-41.1% | $776K-37.6% | $1.3M+55.9% | $1.3M+40.7% |
| Goodwill | $82K-7.2% | $82K-7.2% | $82K-7.2% | $82K-7.2% | $88K-60.5% | $88K-50.1% | $88K | $88K |
| Total Liabilities | $19.6M+19.3% | $26.9M+147.1% | $23.8M+137.2% | $23.7M+109.0% | $16.4M+52.3% | $10.9M-3.2% | $10.0M-0.3% | $11.3M-10.7% |
| Current Liabilities | $19.0M+18.9% | $26.5M+156.0% | $23.3M+148.6% | $23.2M+123.0% | $15.9M+61.6% | $10.3M+1.5% | $9.4M+0.3% | $10.4M-10.3% |
| Non-Current Liabilities | $644K+31.5% | $447K-19.7% | $491K-25.1% | $462K-49.6% | $489K-46.9% | $556K-47.8% | $655K-93.8% | $917K-92.8% |
| Total Equity | $13.9M+1512.7% | $2.4M+2.6% | -$663K-118.8% | -$2.1M-140.3% | $863K-91.7% | $2.4M-81.8% | $3.5M-78.0% | $5.3M-73.9% |
| Retained Earnings | -$116.6M-9.9% | -$111.5M-6.5% | -$112.0M-9.0% | -$110.2M-11.0% | -$106.1M-13.3% | -$104.7M-16.7% | -$102.7M-18.8% | -$99.3M-22.3% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Long-Term Debt.
SOPA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'2410-Q | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$16.7M-916.3% | -$1.8M-104.9% | -$4.0M-70.8% | $3.7M+189.3% | $2.0M+169.9% | -$865K+69.9% | -$2.4M+41.2% | -$4.1M-14.5% |
| Depreciation & Amortization | $48K-20.4% | $46K-23.3% | $149K-9.7% | $366K+156.5% | $61K-66.8% | $60K-93.1% | $165K-80.9% | -$648K-175.8% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | N/A | $330K-82.5% | N/A |
| Capital Expenditures | -$132 | N/A | N/A | $20K-40.7% | N/A | N/A | N/A | $34K-70.9% |
| Free Cash Flow | -$16.7M | N/A | N/A | $3.6M+188.1% | N/A | N/A | N/A | -$4.1M-11.8% |
| Investing Cash Flow | $132 | N/A | N/A | -$20K+54.2% | N/A | N/A | N/A | -$44K+62.3% |
| Financing Cash Flow | $15.2M+939.7% | $3.0M+798.7% | $3.4M+33561.2% | -$310K-129.6% | $1.5M+14713.2% | $336K+440.9% | -$10K+98.1% | -$135K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $487K-10.1% | $145K |
Not reported in any period shown, so not listed: Dividends Paid.
SOPA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'25 | Q4'2410-Q | Q3'2410-Q | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.3%+42.5pp | 56.5%+29.3pp | 31.6%+4.9pp | 28.9%-8.0pp | 21.8%-3.0pp | 27.1%+0.7pp | 26.7%-8.2pp | 36.8%+11.3pp |
| Operating Margin | -379.9% | -6.1% | -126.6% | -165.6% | -70.1% | -126.0% | -156.5% | -283.1% |
| Net Margin | -370.8% | 19.1% | -125.0% | -217.5% | -82.2% | -113.3% | -153.8% | -323.7% |
| Return on Equity | -36.8%+122.9pp | 19.6%+100.8pp | N/A | N/A | -159.7%-122.5pp | -81.2%-56.0pp | -80.7%-47.7pp | -106.7%-59.3pp |
| Return on Assets | -15.5%-7.4pp | 1.6%+16.5pp | -8.0%+13.4pp | -19.1%+15.5pp | -8.1%+10.5pp | -14.9%-1.1pp | -21.4%-1.1pp | -34.6%-5.1pp |
| Current Ratio | 1.40+0.8x | 0.85+0.3x | 0.69+0.1x | 0.62-0.1x | 0.62-0.6x | 0.54-0.9x | 0.59-1.2x | 0.76-1.2x |
| Debt-to-Equity | 1.41-17.6x | 11.00+6.4x | N/A | N/A | 19.05+18.0x | 4.57+3.7x | 2.85+2.2x | 2.14+1.5x |
| Asset Turnover | 0.04-0.1x | 0.090.0x | 0.06-0.1x | 0.090.0x | 0.100.0x | 0.130.0x | 0.14+0.1x | 0.110.0x |
| FCF Margin | -1211.0% | N/A | N/A | 194.0% | N/A | N/A | N/A | -235.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Society Pass Incorporated SOPA | FY2024 | $7.1M | -$10.2M | N/A | $978K | 41/100 |
| Earlyworks Co., Ltd. American ELWS | FY2025 | $3.1M | -$1.8M | -58.3% | $21.5M | 44/100 |
| Oblong Inc. OBLG | FY2025 | $2.4M | -$6.4M | N/A | $8.7M | 30/100 |
| Future FinTech Group Inc. FTFT | FY2025 | $3.8M | -$3.3M | -87.3% | $25.8M | 25/100 |
| Signing Day Sports, Inc. SGN | FY2024 | $616K | N/A | N/A | $7.4M | — |
| Quhuo Limited QH | FY2025 | $361.2M | -$21.4M | -5.9% | $9.8M | 30/100 |
Where Society Pass Incorporated Ranks
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 13.0% 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.
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 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.
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 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 not reported?
Society Pass Incorporated (SOPA) has negative shareholder equity of -$2.1M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Society Pass Incorporated (SOPA) has an Altman Z-Score of -8.83, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Society Pass Incorporated's Piotroski F-Score?
Society Pass Incorporated (SOPA) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $10.2M while generating $2.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $9.3M against $838 in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 41 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.