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SOS

SOS Limited

SOS

SOS Limited • NYSE
$1.27 ▲ 4.96% (+0.06)
Market Cap $6.64 M
52w High $14.33
52w Low $1.02
Dividend Yield 0%
P/E -0.28
Volume 26.41K
Outstanding Shares 5.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $89.595M ▼ $13.674M ▲ $-14.216M ▼ -15.867% ▼ $-2 ▼ $-10.112M ▼
Q4-2024 $170.91M ▲ $11.126M ▼ $-2.703M ▲ -1.582% ▲ $-0.74 ▲ $-4.377M ▲
Q2-2024 $60.514M ▲ $17.519M ▲ $-10.902M ▼ -18.016% ▼ $-3 ▼ $-6.323M ▼
Q4-2023 $25.305M ▲ $4.165M ▼ $3.523M ▲ 13.922% ▲ $1.8 ▲ $6.258M ▲
Q2-2023 $20.903M $5.821M $-5.348M -25.587% $-0.016 $-6.176M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $4.363M ▼ $492.117M ▲ $58.05M ▲ $434.072M ▼
Q4-2024 $237.684M ▼ $482.354M ▼ $46.664M ▼ $441.925M ▲
Q2-2024 $246.927M ▼ $524.985M ▲ $94.457M ▲ $435.99M ▲
Q4-2023 $279.484M ▲ $483.892M ▲ $61.519M ▲ $425.987M ▲
Q2-2023 $249.884M $429.324M $39.396M $392.252M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-7.108B ▼ $-120.183B ▼ $0 $3.409B ▲ $0 $-120.183B ▼
Q4-2024 $-1.351M ▲ $-5.082M ▲ $0 $1K ▼ $0 ▲ $-5.082M ▲
Q2-2024 $-5.451B ▼ $-26.698B ▼ $0 $12.274B ▲ $-16.225B ▼ $-26.698B ▼
Q4-2023 $3.523B ▲ $5.845B ▲ $0 $8.942B ▲ $14.646B ▲ $5.845B ▲
Q2-2023 $-5.348B $-990.5M $0 $-144M $-4.804B $-990.5M

Five-Year Company Overview

Income Statement

Income Statement SOS operates on a very small revenue base with extremely thin margins. Over the last few years, sales have bounced around rather than showing a clear upward trend, and profits have not taken hold. Most years, the company posts operating losses, and only briefly has it come close to breaking even. Net results swing between small losses and very large ones, especially when market conditions in crypto and commodity trading move against it. Earnings per share have also been heavily distorted by repeated reverse stock splits, which is a sign of pressure on the share price rather than underlying strength. Overall, the income statement tells a story of a company still searching for a stable, profitable core business, with results highly exposed to short‑term market swings rather than steady, recurring earnings.

Balance Sheet

Balance Sheet The balance sheet is relatively simple: a modest asset base with a meaningful portion held as cash and no reported financial debt. That gives SOS some breathing room and reduces traditional balance‑sheet risk from leverage. Equity is positive and has remained roughly stable, which suggests that past capital raises have largely funded the current asset position. However, the overall scale of the balance sheet is small compared with the ambitious business narrative in commodities and crypto. Any sizable commitment to holding Bitcoin or other digital assets will make the balance sheet more volatile, as swings in crypto prices will flow through the company’s reported financial position over time.

Cash Flow

Cash Flow Cash flow from operations has been negative in most years, with only a brief period of mildly positive performance. In practical terms, the core business has generally consumed cash rather than generated it. Capital spending appears light, which helps limit the cash burn, but free cash flow has still tended to be negative. That means SOS has relied on its cash reserves and, historically, on external capital to fund its activities. The key question going forward is whether the company can turn its trading and crypto activities into a consistently cash‑generative operation. Until that happens, cash management and access to funding remain central risks.

Competitive Edge

Competitive Edge SOS’s competitive position is challenging. It operates in three tough arenas: commodity trading, cryptocurrency mining and services, and a small legacy emergency‑services SaaS platform. Commodity trading is a crowded, low‑margin business dominated by large, experienced players with strong relationships and infrastructure. Crypto mining is similarly intense, driven by access to very cheap power, efficient hardware, and scale. In both areas, SOS has not clearly articulated a unique, durable edge beyond general references to data‑driven marketing and renewable energy use. Allegations from short‑sellers and questions about the depth of underlying operations add to reputational and governance risk, which can be a disadvantage when competing for partners, customers, and capital. Diversification across several lines may reduce dependence on any single market, but it also raises concerns about focus and specialization.

Innovation and R&D

Innovation and R&D SOS’s story is one of strategic pivots rather than deep, long‑running investment in a single technology platform. The company began with an emergency‑services cloud platform using big data, AI, and IoT concepts, and it holds some software copyrights from that era. More recently, the emphasis has shifted sharply to commodity trading and crypto mining. The company highlights the use of renewable energy for mining and claims to use data‑driven tools in trading, but it has not provided much detail on proprietary technology, unique algorithms, or heavy internal R&D spending that would clearly separate it from competitors. In effect, innovation at SOS seems to be more about repositioning into hot sectors than about building a strong, defensible technology base. That makes future success heavily dependent on execution, partnerships, and market conditions rather than on a clear technological moat.

Summary

SOS is a small, highly changeable business that has moved from emergency‑services software into commodity trading and cryptocurrency activities. Its financial track record shows limited and volatile revenue, repeated losses, and no sustained profitability so far. The balance sheet benefits from having cash and no debt, but the overall scale of resources is modest and could be pressured if cash burn continues or if crypto holdings swing sharply in value. Cash flow has generally been negative, reinforcing the importance of careful funding and risk management. Competitively, SOS operates in sectors where scale, cost efficiency, trust, and technology depth matter, yet its specific long‑term advantages remain unclear. Past allegations and frequent strategic pivots add to uncertainty. Overall, the company’s profile is high risk and highly uncertain, with outcomes closely tied to volatile markets in commodities and digital assets and to its ability to prove that it has a real, sustainable edge in any of its chosen businesses.

NEWS

September 26, 2025 · 4:10 PM UTC

SOS Limited Reports 2025 Semi-Annual Financial Results

Read more