Society Pass Incorporated Financials
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).
FY2024 shows cash improvement from working-capital timing while loss reduction came from overhead cuts, not stronger underlying demand.
From FY2023 to FY2024, operating cash flow flipped from-$13.9M to$2.5M . That cash swing arrived alongside a$10.2M net loss and a current ratio of 0.6x, which suggests FY2024 cash was helped more by working-capital financing and payment timing than by the core business reaching self-funding profitability.
Revenue still fell to
The balance sheet remains liability-heavy: liabilities exceeded assets by about
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.
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 $7.1M in revenue in fiscal year 2024. This represents a decrease of 13.0% from the prior year.
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.
Society Pass Incorporated reported -$10.2M in net income in fiscal year 2024. This represents an increase of 43.6% from the prior year.
Society Pass Incorporated earned -$3.45 per diluted share (EPS) in fiscal year 2024.
Cash & Balance Sheet
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.
Society Pass Incorporated held $7.6M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Capital Allocation
Society Pass Incorporated invested $55K in research and development in fiscal year 2024. This represents a decrease of 1.8% from the prior year.
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.
Not reported for fiscal year 2024.
SOPA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Revenue | $7.2M | $7.1M-13.0% | $8.2M+45.0% | $5.6M+984.0% | $520K+891.1% | $52K |
| Cost of Revenue | -$952K | $39K-91.8% | $475K-77.5% | $2.1M+417.0% | $408K | $0 |
| Gross Profit | $3.3M | $1.9M-24.6% | $2.5M+155.4% | $967K+761.7% | $112K+113.9% | $52K |
| R&D Expenses | $53K | $55K-1.8% | $56K-23.8% | $73K-23.8% | $96K-42.1% | $166K |
| SG&A Expenses | $13.4M | $10.8M-45.5% | $19.8M-35.2% | $30.6M-8.5% | $33.4M+846.4% | $3.5M |
| Operating Income | -$10.4M | -$9.3M+48.1% | -$18.0M+47.4% | -$34.2M+0.2% | -$34.2M-812.3% | -$3.8M |
| Interest Expense | -$39K | $838+256.6% | $235-99.1% | $25K-39.5% | $42K-15.3% | $49K |
| Income Tax | $92K | $81K+218.1% | $25K+597.2% | $4K-67.4% | $11K+33.7% | $8K |
| Net Income | -$10.6M | -$10.2M+43.6% | -$18.1M+46.3% | -$33.8M+3.1% | -$34.9M-810.8% | -$3.8M |
| EPS (Diluted) | — | -$3.45 | -$9.39 | -$1.38 | -$3.68-557.1% | -$0.56 |
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SOPA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: 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.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.9M | $2.5M+117.8% | -$13.9M+3.8% | -$14.5M-33.7% | -$10.8M-764.2% | -$1.3M |
| Capital Expenditures | N/A | $30K-86.3% | $219K-61.3% | $566K+1109.0% | $47K | N/A |
| Free Cash Flow | N/A | $2.4M+117.3% | -$14.1M+5.9% | -$15.0M-38.3% | -$10.9M | N/A |
| Investing Cash Flow | N/A | -$30K+91.2% | -$340K-291.8% | $177K+171.9% | -$247K | N/A |
| Financing Cash Flow | $21.3M | $1.5M+288.0% | -$786K-107.7% | $10.2M-69.9% | $33.8M+2691.4% | $1.2M |
| Share Buybacks | N/A | N/A | $786K | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SOPA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Gross Margin | 26.2%-4.0pp | 30.2%+13.1pp | 17.2%-4.4pp | 21.6%-78.4pp | 100.0% |
| Operating Margin | -131.2% | -219.8% | -606.1% | -6580.7% | -7149.7% |
| Net Margin | -143.9% | -221.9% | -599.5% | -6706.2% | -7297.9% |
| Return on Equity | N/A | -341.7%-175.7pp | -166.0%-58.5pp | -107.5% | 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 | 0.62-0.1x | 0.76-1.2x | 1.98-10.2x | 12.15+12.0x | 0.19 |
| Debt-to-Equity | N/A | 2.14+1.5x | 0.62+0.5x | 0.08 | N/A |
| FCF Margin | 34.4% | -172.9% | -266.5% | -2089.1% | N/A |
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.
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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 42 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.