SOS Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SOS Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	57	92.8	74.9	46.7	50.3	291	260	92.4	231	154
Cost of revenue			24.6	9.46	37.3	278	271	78.2	224	152
Gross profit			0.31	2.12	13	12.9	-10.6	14.2	7.04	2.26
Selling, general and administrative							190	7.08	17	85.4
Selling and marketing	30	45.3	34.7	12.4
General and administrative	36.7	54.1	0.48	0.37	1.89	21.8	181	11.1	18.1	88.4
Operating expenses	89.2	125	0.48	0.37	1.89	56	204	19	28.6	101
Operating income			-0.17	1.75	-1.89	-43.1	-215	-4.81	-21.6	-98.6
Interest expense				0.43
Interest income	0.03	0.03	0.35	0.06			0.42
Other non-operating income	-0.01	0.51	1.25	21	0.06	-9.36	-15.1	-0.98	5.62	1.25
Pre-tax income	-33.4	-36.5	-65.5	-6.32			-230	-5.79	-16	-97.3
Income tax	0	0.11	0.02	0.32	0.15	0	0.54	0.63	0.24	-0
Income from continuing operations			-0.14	1.47	7.51	-52.6	-229	-3.65	-13.6	-97.3
Net income to minority interests						0.2	-1.03	-2.77	-2.62	-0.03
Net income	-33.4	-36.6	-0.14	1.47	4.4	-49.3	-229	-3.65	-13.6	-97.3
EBITDA			-0.17	1.76	-1.89	-37.9	-207	0.16	-10.7	-89.9
EPS, basic	-34.12	-34.40	-14.15	152.54	83.03	-154.38	-443.46	-4.04	-4.49	-6.02
EPS, diluted	-34.12	-34.40	-14.15	152.54	55.36	-154.38	-443.46	-4.04	-4.49	-6.02
Shares, basic (weighted)	1.19	3.54	0.01	0.01	0.05	0.38	0.52	0.91	3.03	16.2
Shares, diluted (weighted)	1.19	3.54	0.01	0.01	0.08	0.45	0.52	0.91	3.03	16.2

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	19	0.05	0.01	0.04	3.72	327	259	279	228	3.23
Receivables			2.72	8.17	10.2	19.8	2.43	0.81	2.63	3.16
Inventory							46.3	32.9	33	24
Other current assets							82.7	39.6	9.84	428
Total current assets			17	20.5	65	664	441	455	465	463
Property, plant and equipment	5.31	5.83	5.58	3.22			12.6	28	17.1	1.59
Lease right-of-use assets				0.19	4.16		0.92	0.38		0
Goodwill					72	72		0.07	0.07	0.07
Intangible assets						14.5	6.41	21.4	29.9	79.1
Long-term investments							0.61
Total assets	58.5	138	17	20.6	69.8	695	455	484	482	465
Accounts payable					1.08	11.4	12.8	36.7	12.5	19.3
Accrued liabilities			9.17	13	1.08	19.3	20.4	15.2	21.5	16.8
Deferred revenue			0.03	0.06	0.61	0.16
Total current liabilities			17.1	19.2	6.78	59.8	45.6	61.5	46.7	41.9
Lease liabilities					2.75	1.92	0.38
Total liabilities	44.5	78.5	17.1	19.2	9.53	61.7	46	61.5	46.7	41.9
Paid-in capital		281	-0.01	-0.01	53.6	672	705	730	761	781
Retained earnings	-101	-222	-0.14	1.34	5.84	-43.4	-273	-277	-290	-338
Other comprehensive income	-0.91	-0.74	0.01	-0.02	0.74	4.13	-23.4	-28.5	-31.6	-25.7
Shareholders' equity	-102	0	-0.13	1.32	60.2	634	409	422
Minority interests								-3.61	-6.24	-0.02
Total equity	-102	0	-0.13	1.32	60.2	634	409	422	436	423
Total liabilities and equity	58.5	138	17	20.6	69.8	695	455	484	482	465
Shares outstanding	1.19	4.67	0.01	0.02

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-33.4	-36.6	-0.14	1.47	-7.51	-52.4	-230	-6.42	-16.2	-97.3
Depreciation and amortization	1.38	2.33	0	0	0	5.2	7.96	4.98	10.9	8.71
Stock-based compensation	1	2.5	2.42	4.33	0.51	33.5	14.7	7.26	7.74	7.17
Change in receivables			-0.71	-5.46	15.9	-19.8	17.9	1.17	-2.02	-2.08
Change in inventory						-60.6	-5.27	13.2	-5.28	3.45
Change in payables			7	3.85	-13	11.4	1.46	-0.09	-24.2
Cash from operations	-25.9	-3.7	-0.05	0.04	-43.6	-219	-72.9	9.71	-72.9	-246
Capital expenditures	-3.09	-2.19	-2.1	-0.07			-16			-0.04
Cash from investing	-3.09	-2.19	0	-1.97	3	-33	-16			-0.04
Debt repaid						-145	-203	-173
Stock issued					3.58	586	18.5	17.9	24.8	15.8
Cash from financing	24	84.7			43.6	584	34.7	17.6	24.6	15.8
Exchange rate effect			0	-0.02	0.68		-24.3	-7.62	-2.69
Net change in cash	-5.27	77.9	-0.04	0.03	3.68	334	-78.5	19.7	-51	-225
Free cash flow	-29	-5.89	-2.14	-0.02			-88.9			-247
Interest paid				0.17
Income taxes paid	0.01	0.68		587	1,963	3.48	1.03	0.68	0.01	0.01

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $0.36 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	1.5%	Gross profit / revenue.
Operating margin	-63.9%	Operating income / revenue.
EBITDA margin	-58.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-63.1%	Pre-tax income / revenue.
Net margin	-63.1%	Net income / revenue.
FCF margin	-159.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	-159.8%	Cash from operations / revenue.
Return on assets (ROA)	-20.5%	Net income / average total assets.
SG&A / revenue	55.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	4.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.0%	Capital expenditures / revenue.
D&A / revenue	5.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-33.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-16.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	25.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-68.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y	-29.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	46.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	432.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	214.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	189.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	11.0x	Current assets / current liabilities.
Quick ratio	0.15x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.08x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	9.0%	Total liabilities / total assets.
Working capital	$421.5M	Current assets - current liabilities.
Goodwill and intangibles / assets	17.0%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.33x	Revenue / average total assets.
Fixed asset turnover	16.5x	Revenue / average property, plant and equipment.
Inventory turnover	5.34x	Cost of revenue / average inventory.
Days inventory	68 days	365 x average inventory / cost of revenue.
Receivables turnover	53.3x	Revenue / average receivables.
Days sales outstanding	7 days	365 x average receivables / revenue.
Days payables	38 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	37 days	Days inventory + days sales outstanding - days payables.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$6.02	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	-$6.02	Net income per basic share, as reported (split-adjusted).
Revenue per share	$9.54	Revenue / diluted weighted shares.
FCF per share	-$15.25	Free cash flow / diluted weighted shares.
Operating cash flow per share	-$15.24	Cash from operations / diluted weighted shares.
Cash per share	$0.20	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$2.4M	Share price x shares outstanding.
Enterprise value	-$793.0K	Market cap + total debt - cash - short-term investments.
P/S	0.02x	Market cap / revenue.
FCF yield	-10,107.0%	Free cash flow / market cap.
Earnings yield	-3,990.0%	Net income / market cap (the inverse of P/E).

What was SOS Ltd's revenue in fiscal 2025?

SOS Ltd reported revenue of $154.3M for fiscal 2025, 33.3% lower than the year before.

Was SOS Ltd profitable in fiscal 2025?

No. It reported a net loss of $97.3M.

How much free cash flow did SOS Ltd generate in fiscal 2025?

Cash from operations of $246.5M minus capital expenditures of $38.0K left free cash flow of -$246.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to SOS Ltd