The company exhibits severe operational fragility, with revenue contracting 62.1% year-over-year and operating margins plummeting to -129.2% in the most recent quarter.
| Sales/Revenue | 154.29M | 231.42M | 92.42M | 260.03M | 290.79M | 50.29M | 48.69M | 75.45M | 92.78M | 56.98M | 63.48M | 61.31M |
| Revenue Growth % | -33.33% | 150.42% | -64.46% | -10.58% | 478.24% | 3.29% | -35.48% | -18.67% | 62.82% | -10.24% | 3.54% | - |
| Cost of Goods Sold | 152.03M | 224.38M | 78.23M | 270.6M | 336.75M | 37.3M | 15.04M | 19.18M | 18.72M | 15.01M | 20.83M | 11.01M |
| COGS % of Revenue | 98.54% | 96.96% | 84.65% | 104.07% | 115.81% | 74.16% | 30.89% | 25.42% | 20.17% | 26.34% | 32.82% | 17.95% |
| Gross Profit | 2.26M | 7.04M | 14.18M | -10.57M | 21.07M | 12.99M | 33.65M | 56.28M | 74.06M | 41.97M | 42.65M | 50.3M |
| Gross Margin % | 1.46% | 3.04% | 15.35% | -4.07% | 7.25% | 25.84% | 69.11% | 74.58% | 79.83% | 73.66% | 67.18% | 82.05% |
| Gross Profit Growth % | -67.96% | -50.35% | 234.16% | -150.17% | 62.14% | -61.38% | -40.21% | -24.01% | 76.45% | -1.59% | -15.22% | - |
| Operating Expenses | 100.86M | 28.64M | 18.99M | 203.97M | 62.42M | 1.89M | 60.38M | 122.26M | 111.1M | 74.77M | 69.61M | 50.22M |
| OpEx % of Revenue | 65.37% | 12.38% | 20.55% | 78.44% | 21.47% | 3.76% | 124.03% | 162.03% | 119.75% | 131.21% | 109.66% | 81.92% |
| Selling, General & Admin | 100.86M | 28.64M | 18.99M | 203.97M | 62.42M | 2.91M | 56.35M | 106.99M | 99.46M | 75.33M | 64.54M | 51.09M |
| SG&A % of Revenue | 65.37% | 12.38% | 20.55% | 78.44% | 21.47% | 5.78% | 115.74% | 141.8% | 107.21% | 132.19% | 101.66% | 83.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 4.6M | 15.99M | 11.64M | 0 | 5.67M | 0 |
| R&D % of Revenue | - | - | - | - | - | - | 9.45% | 21.2% | 12.55% | - | 8.94% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | -1.01M | -562K | -137K | 450K | -114K | 0 | 113K |
| Operating Income | -98.6M | -21.6M | -4.81M | -214.54M | -43.06M | -1.89M | -5.55M | -65.98M | -36.56M | -32.88M | -26.39M | 269K |
| Operating Margin % | -63.91% | -9.34% | -5.21% | -82.51% | -14.81% | -3.76% | -11.4% | -87.45% | -39.41% | -57.7% | -41.58% | 0.44% |
| Operating Income Growth % | -356.39% | -348.96% | 97.76% | -398.2% | -2174.91% | 65.88% | 91.59% | -80.47% | -11.2% | -24.57% | -9911.52% | - |
| EBITDA | -89.89M | -10.32M | 963K | -205.89M | -38.21M | -1.89M | -5.55M | -64.28M | -34.23M | -31.5M | -25.38M | 1.07M |
| EBITDA Margin % | -58.26% | -4.46% | 1.04% | -79.18% | -13.14% | -3.76% | -11.39% | -85.19% | -36.9% | -55.28% | -39.98% | 1.74% |
| EBITDA Growth % | -770.78% | -1171.96% | 100.47% | -438.79% | -1920.83% | 65.9% | 91.37% | -87.77% | -8.68% | -24.12% | -2473.9% | - |
| D&A (Non-Cash Add-back) | 8.71M | 11.28M | 5.78M | 8.65M | 4.85M | 2K | 2K | 1.71M | 2.33M | 1.38M | 1.02M | 800K |
| EBIT | -98.6M | -21.6M | -4.81M | -214.54M | -43.06M | -1.89M | 1.75M | -65.46M | -36.54M | -32.79M | -28.82M | 564K |
| Net Interest Income | 0 | 0 | 0 | 424K | 0 | 0 | -365K | 347K | 31K | 29K | -1.06M | -5K |
| Interest Income | 0 | 0 | 0 | 424K | 0 | 0 | 60K | 347K | 31K | 29K | 144K | 75K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 425K | 0 | 0 | 0 | 1.2M | 80K |
| Other Income/Expense | 1.25M | 5.62M | -978K | -15.13M | -9.36M | 0 | 41K | 1.25M | 508K | -484K | -3.05M | 403K |
| Pretax Income | -97.34M | -15.98M | -5.79M | -229.68M | -52.42M | 5.03M | -6.32M | -65.46M | -36.54M | -33.36M | -30.02M | 484K |
| Pretax Margin % | -63.09% | -6.91% | -6.27% | -88.33% | -18.03% | 10.01% | -12.98% | -86.75% | -39.38% | -58.55% | -47.29% | 0.79% |
| Income Tax | -1K | 242K | 631K | 536K | 3K | 147K | 3.58M | 1.07M | 113K | 3K | 7K | 353K |
| Effective Tax Rate % | 0% | -1.51% | -10.9% | -0.23% | -0.01% | 2.92% | -56.71% | -1.64% | -0.31% | -0.01% | -0.02% | 72.93% |
| Net Income | -97.32M | -13.61M | -3.65M | -229.45M | -49.25M | 4.4M | 1.47M | -66.53M | -36.65M | -33.37M | -30.03M | 131K |
| Net Margin % | -63.08% | -5.88% | -3.95% | -88.24% | -16.94% | 8.76% | 3.02% | -88.17% | -39.5% | -58.55% | -47.3% | 0.21% |
| Net Income Growth % | -615.32% | -272.64% | 98.41% | -365.87% | -1218.32% | 199.59% | 102.21% | -81.53% | -9.84% | -11.12% | -23020.61% | - |
| Net Income (Continuing) | -97.34M | -16.23M | -6.42M | -230.21M | -52.42M | -7.51M | 0 | -66.53M | -36.65M | -33.37M | -30.02M | 131K |
| Discontinued Operations | 0 | 1K | 0 | -261K | 3.37M | 11.91M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -21K | -6.24M | -3.61M | -826K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -60.20 | -4.50 | -0.05 | -7.20 | -3.80 | 0.09 | 124.00 | -5100.00 | -12400.00 | -5262.60 | -4425.80 | -473.70 |
| EPS Growth % | -1237.78% | -8233.33% | 99.25% | -89.47% | -4369.66% | -99.93% | 102.43% | 58.87% | -135.63% | -18.91% | -834.3% | - |
| EPS (Basic) | -60.20 | -4.50 | -0.05 | -7.20 | -3.80 | 0.13 | 124.00 | -5100.00 | -12400.00 | -5262.60 | -4425.80 | -473.70 |
| Diluted Shares Outstanding | 1.62M | 3.03M | 67.28M | 3.55M | 2.78M | 4.89M | 593.23K | 651.99K | 490.54K | 632.02K | 632.02K | 632.02K |
| Basic Shares Outstanding | 1.62M | 3.03M | 67.28M | 3.18M | 2.34M | 3.26M | 593.23K | 651.99K | 490.54K | 632.02K | 632.02K | 632.02K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and operational insolvency
According to the most recent quarterly filings, SOS experienced a sharp 62.1% year-over-year revenue decline, reflecting significant instability in its core business segments and suggesting that the company's pivot toward cryptocurrency mining has failed to provide a reliable or growing top-line foundation for the enterprise.
The erratic revenue performance, characterized by extreme swings between periods of growth and contraction, indicates a lack of durable demand for the company's data services. Investors should monitor whether this volatility stems from client churn in the legacy insurance business or the inherent unpredictability of crypto-asset mining yields.
As reported in financial statements, the company's gross margin has consistently hovered near or below 5%, with the most recent period showing 5.5%, which highlights a fundamental inability to generate meaningful value-add from its high-cost infrastructure and energy-intensive mining operations compared to industry peers.
These thin margins suggest that the company is essentially a price-taker in the commodity mining market, lacking the proprietary technology or low-cost energy access required to achieve sustainable profitability. The structural inability to expand gross margins indicates that any increase in input costs could rapidly push the company into a gross-loss position.
Based on the provided income statement data, SOS exhibits a severe lack of operating leverage, as evidenced by an operating margin of -129.2% in the latest quarter, where administrative and overhead costs have ballooned far beyond the company's ability to generate gross profit from its operations.
The disconnect between revenue and operating expenses suggests that the company's fixed cost base is disproportionately high for its current scale. This trend implies that management has not successfully optimized its SG&A structure, leaving the firm highly vulnerable to further cash depletion during periods of revenue contraction.
Analysis of the historical income statements reveals that the company's reliance on equity-linked financing and massive stock-based compensation, which reached billions in prior periods, suggests that the current business model may be fundamentally unsustainable without continuous, dilutive capital raises to cover ongoing operating losses.
Short-sellers would likely focus on the persistent gap between reported revenue and the actual cash-generating capacity of the business, which appears to be non-existent. The reliance on external funding to sustain operations warrants further investigation into the long-term viability of the company's current capital allocation strategy.
Quick answers to the most common questions about buying SOS stock.
For fiscal year 2025, SOS Limited (SOS) reported total revenue of $154.3M. This represents a 151.7% increase compared to $61.3M in 2014.
SOS Limited (SOS) reported a net loss of $97.3M for the fiscal year ending 2025.
SOS Limited (SOS) reported an operating income of $-98.6M, resulting in an operating profit margin of -63.9%. This margin reflects the operational efficiency of the business before interest and taxes.
SOS Limited (SOS) generated $2.3M in gross profit for the year, representing a gross profit margin of 1.5%. This demonstrates the company's core pricing power and production efficiency.