SOS Limited Reports 2026 Interim Financial Results

A cash inflow from other receivables lifted liquidity despite a wider loss and $27.376 million in intangible-asset impairment.

Rhea-AI Summary

SOS (SOS) reported first-half 2026 revenue of $48.8 million, with lower sales across all three business lines and a wider net loss. Revenue fell 45.5% from $89.6 million in the six months ended June 30, 2025. Commodity trading accounted for 97.6% of revenue. Gross loss widened to $3.673 million from $1.309 million, while GAAP net loss increased to $34.5 million from $14.2 million. Basic loss per share was $2.13 versus $2.09.

Operating costs fell 42.2% to $52.5 million, and general and administrative expenses declined 36.0% to $6.0 million. Selling expenses increased to $2.6 million from $2.3 million. Results included $27.376 million in intangible-asset impairment. Operating cash flow turned positive at $223.724 million, including a $222.842 million cash inflow from changes in other receivables. Cash and cash equivalents ended June 2026 at $231.895 million, compared with $3.232 million at the beginning of the period.

4 points · 2 major

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1 major · 13 points

How the balance works

Positive

• Major pointOperating cash flow reached $223.724 million in first-half 2026, versus $240.366 million used a year earlier.
• Major pointCash and cash equivalents rose to $231.895 million from $3.232 million at the start of 2026.
• Moderate pointOperating costs fell 42.2% to $52.5 million in first-half 2026 versus first-half 2025.
• Minor pointGeneral and administrative expenses fell 36.0% to $6.0 million in first-half 2026 versus first-half 2025.

Negative

• Major pointGAAP net loss widened to $34.5 million in first-half 2026 from $14.2 million a year earlier.
• Moderate pointFirst-half 2026 revenue fell 45.5% to $48.8 million from $89.6 million a year earlier.
• Moderate pointGross loss widened to $3.673 million; the gross loss ratio worsened to 7.5% from 1.5% year-over-year.
• Moderate pointOperating cash flow before working-capital movements worsened to negative $8.079 million from negative $1.212 million year-over-year.
• Minor pointIntangible-asset impairment totaled $27.376 million in first-half 2026, versus none in first-half 2025.

8 minor points

• Minor pointCommodity trading revenue declined to $47.663 million in first-half 2026 from $85.011 million a year earlier.
• Minor pointHosting revenue declined to $950,000 in first-half 2026 from $3.850 million a year earlier.
• Minor pointOther revenue declined to $212,000 in first-half 2026 from $734,000 a year earlier.
• Minor pointBasic loss per share widened to $2.13 in first-half 2026 from $2.09 a year earlier.
• Minor pointSelling expenses increased to $2.6 million in first-half 2026 from $2.3 million a year earlier.
• Minor pointAccounts-receivable credit-loss allowance was $924,000 in first-half 2026, versus none a year earlier.
• Minor pointOther-receivable credit-loss allowance was $1.644 million in first-half 2026, versus none a year earlier.
• Minor pointShare-based compensation increased to $1.990 million in first-half 2026 from $1.893 million a year earlier.

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Details

Market move: SOS -3.19% vs previous close. 2026 interim earnings report

+32.5% Peak Tracked

-20.2% Trough Tracked

$0.27 – $0.44 Day Range

$5.78M Market Cap

On Oct 7, the day this news came out, the latest delayed price for SOS is 3.19% below the previous close. Argus tracked a peak move of +32.5% during the session. Argus tracked a trough of -20.2% from its starting point during tracking. Our momentum scanner has recorded 30 alerts for this stock so far that day. The latest delayed price is $0.29. Relative volume is exceptionally heavy at 15.2x the average.

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Key Figures

Revenue: $48.825 million Gross loss: $3.673 million Gross loss ratio: -7.5% +4 more

Revenue

$48.825 million

Six months ended June 30, 2026; $89.595 million in 2025

Gross loss

$3.673 million

Six months ended June 30, 2026; $1.309 million in 2025

Gross loss ratio

-7.5%

Six months ended June 30, 2026; -1.5% in 2025

GAAP net loss

$34.5 million

Six months ended June 30, 2026; $14.2 million in 2025

Basic EPS

$(2.13) per share

Six months ended June 30, 2026; $(2.09) in 2025

Net cash from operating activities

$223.724 million

Six months ended June 30, 2026; net cash used of $240.366 million in 2025

Cash and cash equivalents

$231.895 million

As of June 30, 2026; $3.232 million at the beginning of the period

Previous Earnings Reports

1 past event · Latest: Sep 26

Same Type 1 event

1. Sep 26

   interim earnings report

   24h Move

   +3.6%

   Reported H1 2025 revenue growth alongside higher net loss and a cash decline.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

gaap, basic eps, share-based compensation, impairment of intangible assets

4 terms

gaap financial

"GAAP net loss was $34.5 million"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

basic eps financial

"GAAP Basic EPS was $(2.13) per share"

Basic earnings per share (basic EPS) measures how much of a company's profit is allocated to each ordinary share by dividing the net income available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Investors use it like the size of each slice when a profit pie is shared: it shows per-share profitability and helps compare performance across companies or periods without counting potential extra shares from options or convertibles.

share-based compensation financial

"Share-based compensation | | | 1,893"

Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.

impairment of intangible assets financial

"Impairment of intangible assets | | | - | | | | 27,376"

When a company decides an intangible asset—like a patent, trademark, or software—won't generate as much future benefit as it was originally recorded for, it writes down that asset’s recorded value. Think of it like discovering a collectible is damaged and lowering its resale estimate; the write-down shows up as a loss in the accounts, reducing reported profit and equity and signaling to investors that expected future cash flows from that asset have weakened.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Oct. 7, 2026 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today reported its interim financial results for the six-months ended June 30, 2026.

In compliance with the New York Stock Exchange rules, the Form 6-K is available on the Company's website athttp://www.sosyun.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company's complete unaudited interim financial statements furnished to the SEC. To request a hard copy of the Company's unaudited interim financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows ir@sosyun.com 

Interim Financial Results from Operations

Six months ended June 30, 2026 compared to June 30, 2025

Revenue

As of June 30, 2026, SOS focuses on three product and service lines including Commodities Trading, Hosting Services and Others. Commodities Trading contributes 97.6% of the total revenue, 2.0% from Hosting Services and 0.4% from Others.

		Six months ended June 30, 2026
Revenue by Products and Services		US$				Percentage
Commodity Trading			47,663				97.6	%
Hosting Services			950				2.0	%
Others			212				0.4	%
Total revenue -net		$	48,825				100	%
		Six months ended June 30, 2025
Revenue by Products and Services		US$				Percentage
Commodity Trading			85,011				94.9	%
Hosting Services			3,850				4.3	%
Others			734				0.8	%
Total revenue -net		$	89,595				100	%

 

Net revenue was $48.8 million, down 45.5% from $85.6 million period-over-period. This decrease was primarily attributable to two factors: (1) the global economic slowdown prompted us to deliberately scale back business activities in the first half of the year, in line with our plan; and (2) weakening domestic demand dampened our business and impeded our operations. 

Unaudited Condensed Consolidated Statements of Comprehensive Loss
(US$ thousands, except share data and per share data, or otherwise notes)
		Six months ended
		June 30, 2025				June 30, 2026
		US$				US$
Revenue			89,595				48,825
Operating costs			(90,904)				(52,498)
Gross loss			(1,309)				(3,673)
Gross loss ratio			(1.5)	%			(7.5)	%

Revenue and Service by Products

		Six months ended June 30, 2025								Six months ended June 30, 2026
Revenue by Products and Services		US$				Percentage				US$				Percentage
Commodity Trading			85,011				94.9	%			47,663				97.6	%
Hosting Services			3,850				4.3	%			950				2.0	%
Others			734				0.8	%			212				0.4	%
Total			89,595				100	%			48,825				100	%

Operating Costs and Expenses

Operating costs were $52.5 million, decreased 42.2% period-on-period from $90.9 million in the six months ended June 30, 2025 which is consistent with our revenue decrease. Operating costs comprised of depreciation of hardware, electricity power and depreciation from property equipment for cryptocurrency mining as well as costs of goods sold & warehouse rental for commodity trading.

Selling Expenses

Selling expenses mainly relate to our commodity business and include freight-out expenses, custom clearing agency fee, warehouse rental expense, promotional expense, sales commission and payroll expenses to sales team. Selling expenses increased to $2.6 million from $2.3 million for the six months ended June 30, 2025 mainly attributable to the higher transportation costs.

General and Administrative Expenses

General and administrative expenses were $6.0 million, 36.0% down period-on-period from $9.4 millionin the six months ended June 30, 2025. The decrease was mainly due to the fact that no depreciation expense of mining machines is recorded for them in this period. 

Net Loss

GAAP net loss was $34.5 million, compared to a net loss of $14.2 million at the end of the six months ended June 30, 2025, representing an increase of 142.8%. We concluded the period with a gross margin of -7.5%. Amid challenging market conditions, we proactively lowered our profit margin to retain existing customers and maintain market share — trading price for volume and building a foundation for future business.

Income Tax

The Company paid $666 of corporate income tax for the current period as compared to $3,000 at the end of the six months ended June 30, 2025.

GAAP net loss attributable to ordinary shareholders was $34.4 million, as compared to a net loss of $14.2 million in the six months ended June 30, 2025.

GAAP Basic EPS was $(2.13) per share, as compared to $(2.09) per share in the six months ended June 30, 2025.

Cash Flow

		Six months ended				Six months ended
		2025				2026
Net cash (used in)/generated from operating activities			(240,366)				223,724
Net cash used in investing activity			-				-
Net cash generated from/(used in) financing activities			6,817				(2)
Effect of exchange rates on cash			228				4,941

 

		Six months				Six months
		ended				ended
		June 30,				June 30,
		2025				2026
		Unaudited				Unaudited
		US$				US$
Cash flows from operating activities:
Net loss			(14,216)				(34,520)
Adjustments:
Depreciation and amortization			4,871				348
Share-based compensation			1,893				1,990
Amortization of right of use assets			-				2
Disposition of NCI			6,240				-
Impairment of intangible assets			-				27,376
Allowance for credit losses - accounts receivable			-				924
Allowance for credit losses - other receivable			-				1,644
Inventory impairment			-				(5,843)
Operating cash flows before movements in working capital			(1,212)				(8,079)
Changes in working capital:
Inventory			1,233				6,181
Accounts receivable			(780)				(555)
Trading financial assets			-				999
Other receivables			(250,915)				222,842
Amount due from related parties			(16)				(935)
Accrued liabilities			6,916				9,388
Accounts payable			813				(7,303)
Tax payable			(55)				(1)
Other payables			3,650				1,187
Net cash used in operating activities			(240,366)				223,724
Cash flows from financing activities:
Repayment of principle portion of lease liabilities			-				(2)
Proceeds from share issuance, net of issuance costs			6,817				-
Net cash generated from financing activities			6,817				(2)
Net (decrease)/increase on cash and cash equivalents			(233,549)				223,722
Cash and cash equivalents at beginning of the period			237,484				3,232
Effect of exchange rates on cash and cash equivalents			228				4,941
Cash and cash equivalents at end of the period			4,163				231,895
Supplemental cash flow information
Cash paid for income tax			3				6

Cash Flow Used in Operating Activities

As of June 30, 2026, the Company held $231.9 million in cash and cash equivalents, an increase of $228.7 million from the prior year. The majority of this increase stems from the recovery of USD 222.2 million in other receivables.

Cash Flow Used in Investing Activity

The Company experienced nil investing activity for this period.

Cash Flow Used in Financing Activities

The Company has no significant financing activities for the six months ended June 30, 2026.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing solution provider. SOS is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security and insurance in the future. Since April 2021, we launched commodity trading via our subsidiary SOS International Trading Co. Ltd and Weigou International Trading Co Ltd. Major trading commodity includes mineral resin, soy bean, wheat, sesame, liquid sulfur, petrol coke and latex etc. For more information, please visit: http://www.sosyun.com/.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. SOS cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as "may," "can," "should," "will," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target," "look" or similar expressions may identify forward-looking statements. Specifically, forward-looking statements may include statements relating to the Company's:

• ability to execute its business plan;
• changes in the market for SOS' products and services; and
• expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

• US government's policies and regulatory oversight of crypto-currency mining operation and our other operations;
• SOS's cryptocurrency mining, commodity trading and marketing solutions businesses are still under development, with many uncertainties in integration of these various business segments;
• Failure to manage the newly launched commodities trading business effectively;
• Loss of key customers in the commodity trading business;
• failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS's mining activities;
• shortages in, or rises in the prices of mining machines may adversely affect the Company's business;
• any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation;
• security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; and
• other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

View original content:https://www.prnewswire.com/news-releases/sos-limited-reports-2026-interim-financial-results-302901291.html

SOURCE SOS Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SOS's revenue and net loss for the first half of 2026?

SOS reported $48.8 million in revenue and a $34.5 million GAAP net loss for the six months ended June 30, 2026. Revenue declined 45.5% from $89.6 million in the comparable 2025 period, while net loss widened from $14.2 million.

How much cash did SOS have at June 30, 2026?

SOS held $231.895 million in cash and cash equivalents at June 30, 2026, compared with $3.232 million at the beginning of the period. Operating activities generated $223.724 million, including a $222.842 million inflow from changes in other receivables.

Why did SOS's revenue decline in the first half of 2026?

SOS attributed the revenue decline to planned reductions in business activity amid a global economic slowdown and weakening domestic demand. The company also said it lowered profit margins to retain customers and maintain market share.

Why did SOS's general and administrative expenses fall in the first half of 2026?

SOS attributed the decline mainly to no depreciation expense being recorded for mining machines during the period. General and administrative expenses fell 36.0% to $6.0 million from $9.4 million in the first half of 2025.