SOS Limited (SOS)

SOS Limited Reports 2025 Financial ResultsMay 15, 2026 4:05 PM
PR Newswire (US) NEW YORK, May 15, 2026 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today reported its full year financial results for the twelve-months ended December 31, 2025.In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company's website at http://www.sosyun.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company's complete audited financial statements filed with the SEC. To request a hard copy of the Company's audited 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.comResults of operationsRevenue The following table presents our revenues by revenue source and by proportion for the periods indicated (in thousands, except percentages):

FY 2025

FY 2024


Amount

Percentage

Amount

Percentage
Commodity trading

144,974


93.9%

214,340


92.6%Cryptocurrency Mining

-


-%

9,258


4%Hosting service

7,501


4.9%

6,506


2.8%Other

1,815


1.2%

1,320


0.6%Total

154,290


100%

231,424


100%The company reported a significant decrease in commodity trading revenue, which dropped to $145.0 million FY 2025, accounting for 93.9% of total revenue—up from 92.6% in FY 2024. This decline was due to sluggish demand based on the market conditions.Cryptocurrency mining revenue declined to $0 million from $9.3 million in FY 2024. The company discontinued its mining operations in 2025 as the mining rigs were no longer cost-effective. Instead, the Company shifted to attracting customers to mine on its premises, earning hosting fees. As a result, hosting service revenue increased from $6.5 million in FY 2024 to 7.5 million in FY 2025 representing a 15.3% year on year.As of December 31, 2025, SOS has focused on four product lines and services, including commodity trading, cryptocurrency mining, hosting service and others, constitute 93.9%, 0%, 4.9% and 1.2% of the total revenues, respectively.As of December 31, 2025, the Company holds 802.77 units of BTC which were carried forward from FY 2024. During FY 2025, the Company Shut down its entire crypto-currency mining business to re-focus its resource on hosting business, hence there were no BTC production during FY 2025.The Company's ETH holdings 2,924.79 units carried forward from FY 2024, with no additions made during the year.The Company bought and sold commodity products such as sesame, sulfur, rubber, mung bean, asphalt and circuit modular units. The company recognizes revenue when the product has been delivered, title to the good and risk associated with it has been transferred to the customers. Revenue generated from commodity trading amounts to $142.9 million during the fiscal year of 2025 representing 94.0% of the total sales.Costs of revenueRevenue costs decreased from $224.4 million in 2024 to $149.9 million in 2025, decrease of $74.5 million. It includes the cost of goods sold for commodity trading, maintenance expenses and power supply, salaries & benefits for on-site staffs, software amortization and hardware depreciation for cryptocurrency mining rigs.Operating expensesThe following table presents our operating expense by source and proportion for the periods indicated (in thousands, except percentages):

FY 2025

FY 2024
Selling

5,278


5%

2,774


10%General and administrative

88,407


88%

18,136


63%Share-based compensation

7,170


17%

7,735


27%


100,855






28,645




Operating expenses increased from $28.6 million in 2024, representing an increase of $72.2 million to $100.9 million in 2025.Selling expensesIn both 2025 and 2024, the year-on-year increase was primarily driven by a $1.4 million rise in transportation expenses for coal, with the total increase amounting to $2.5 million (up 90%) in 2025 and $2.1 million (down 300%) in 2024. General and administrative expensesGeneral and administrative expenses were $84.8 million for 2025, compared to $18.1 million for 2024.The year-on-year increase for 2025 was $56.2 million, representing a year-on-year increase of 118.9%. The increase mainly attributable to $11.6 million increase in impairment for mining machine, $2.2 million increase in professional services fee, $6.7 million in impairment of cryptocurrencies, and $4.7 million and $46.9 million in Allowance for credit losses in Account receivables and Other account receivables respectivelyShare-based compensation expensesShare-based compensation expenses decreased from $7.7 million in 2024 to $7.2 million in 2025.GAAP Operating Loss and EPSThe Company had an operating loss of $98.6 million for 2025, compared to an operating loss of $21.6 million, for 2024.GAAP EPS Basic (Diluted EPS is the same as EPS Basic)was $(6.0184) per share for the period ended December 31, 2025, as compared to $(4.4850) per share for the period ended December 31, 2024.Income TaxThe company incurred $3k in corporate income tax mainly from mainland Chinese business of commodity trading segments for the current period compared to $0.2 million last year.Balance Sheet and Cash FlowOur principal sources of liquidity are cash and cash equivalents and cash flows generated from our operations.As of December 31, 2025, we had cash and cash equivalents of approximately $3.2 million, compared to $228.1million for the period ended December 31, 2024. The net decrease in cash flow was mainly due to decrease in operating cash inflow generated from decrease in gross margin of commodity trading revenue and increase in cash outflow of other receivable of $213.8 million.The Company believes that its cash resources are adequate to fund its current operations and short-term growth initiatives, current liquidity and capital resources are sufficient to meet anticipated working capital needs (net cash used in operating activities), commitments, capital expenditures and for at least the next twelve months. The Company may, however, require additional cash resources due to changes in business conditions and other future developments, or changes in general economic conditions.

Year ended

Year ended


December 31,

December 31,


2025

2024
CASH FLOWS FROM OPERATING ACTIVITIES:





Net loss
$(97,319)

$(13,605)
Net loss from continuing operation

(97,319)


(13,606)
Net gain from discontinued operation

-


1
Adjustments for:







Depreciation of property, plant and equipment

8,706


10,904
Depreciation of right-of-use assets

2


377
Share-based compensation

7,170


7,735
Accretion of finance leases

-


6
Allowance for credit losses - accounts receivable

1,554


196
Allowance for credit losses - other receivables

51,178


(1,044)
Impairment of intangible assets

6,723


781
Impairment of mining equipment

5,861


-
Impairment of fixed assets

1,025


-
Inventory impairment

5,579


2,571
Adjustments, total

87,798


21,526









Changes in operating assets and liabilities:







Accounts receivable

(2,082)


(2,017)
Investment securities

7,371


(9,353)
Other receivables

(211,290)


(69,267)
Amount due from related parties

(29,637)


29,745
Inventories

3,450


(5,283)
Intangible assets

-


(9,258)
Accrued liabilities

(4,674)


6,306
Tax (recoverable)/payable

(35)


(452)
Accounts payable

6,836


(24,229)
Other payables

(7,904)


4,352
Amount due to related parties

1,000


(999)
Lease liabilities

2


(377)
Net cash generated from/(used in) operating activities from continuing operations

(246,484)


(72,911)
Net cash generating from discontinued operating activities

-


1
Net cash generated from/(used in) operating activities

(246,484)


(72,910)









CASH FLOWS FROM INVESTING ACTIVITIES:







Purchases of property, plant and equipment

(38)


-
Net cash used in investing activities from continuing operations

(38)


-
Net cash used in investing activities from discontinued operation

-


-
Net cash used in investing activities

(38)


-









CASH FLOWS FROM FINANCING ACTIVITIES:







Repayment of principle portion of lease liabilities

2


(288)
Proceed from share issuance, net of issuance costs

15,788


24,838
Net cash generated from financing activities

15,790


24,550









EFFECT OF EXCHANGE RATES ON CASH

5,833


(2,685)









NET CHANGES IN CASH AND CASH EQUIVALENTS

(224,899)


(51,046)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR

228,131


279,177
CASH AND CASH EQUIVALENTS, END OF YEAR
$3,232

$228,131
LESS: CASH AND CASH EQUIVALENTS, FROM THE DISCONTINUED OPERATIONS
$-

$-
The Years Ended December 31, 2025 and 2024Net cash used in operating activities was $63.6 million for the year ended December 31, 2024, which increased to $246.5 million which is used in 2025. The decrease was primarily due to the following major changes in our working capital and non-cash items:A cash outflow of $211.3 million from changes in other receivables for the year ended December 31, 2025, compared with a cash outflow of $69.3 million for the previous year.A cash outflow of $2.1 million in accounts receivable for the year ended December 31, 2025, compared with a cash inflow of $2.9 million for the previous year. Net Cash Used in Investing ActivitiesYears Ended December 31, 2025 and 2024The net cash used in investing activities was $38k and nil for the year ended December 31, 2025 and 2024.Net Cash Generated from Financing ActivitiesYears Ended December 31, 2025 and 2024The net cash generated from financing activities was $15.8 million for the year ended December 31, 2025, a decrease of $2.6 million compared to the same period of 2024. During the year ended December 31, 2025, the Company received aggregate net proceeds of $15.8 million from PIPE and warrant exercises in 2025 compared to $24.6 million in the same period of 2024.We have financed our operations primarily through cash flows from operations, working capital from our shareholders, and equity financing through public and private offerings of our securities. We plan to support our future operations primarily from cash generated from our operations and equity financing.About SOS LimitedSOS is currently engaged in commodity trading and cryptocurrency mining and hosting business. Our commodity trading services are primarily delivered through our subsidiaries in China, while our cryptocurrency mining and hosting operations are managed by our subsidiaries in the U.S. . For more information, please visit: http://www.sosyun.com/ .Forward-Looking StatementsCertain 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.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").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-2025-financial-results-302772781.htmlSOURCE SOS Limited Original: SOS Limited Reports 2025 Financial Results

SOS...................................https://stockcharts.com/sc3/ui/?s=SOS&p=W&b=5&g=0&id=p86431144783

SOS......................................................................a/h

Unsure what’s going on with this stock. They own Bitcoin which is fortunate. However the stock is being thrown around right now.

sos...................................................https://stockcharts.com/h-sc/ui?s=sos&p=W&b=5&g=0&id=p86431144783

Why the recent drop on this stock?

Looks like Stock twits is trying to push this for the hedge funds to funnel people into a bull trap,low floaters have been moving lately,but they can move violently in either direction,I could see this giving a fake breakout green candle to the upside,then a nasty crash,shorts will be in full control of this stock,the fundamentals are all shaky and the all time Chart shows excessive dilution and R/S

$SOS Looking for a strong rebound heading into the weekend. Hold over the WE for me. $BTC charging higher!

$SOS well in this case it's a match made in heaven a commodity that doesn't exist coming from a company that doesn't exist lol.

Now I just wait for Wang's next offering it shouldn't be too much longer $$$

SOS: I kinda thought that you might get a little CHUCKLE behind my post there, Homeboy!!! (What kind of MINDLESS "company" would ever even PONDER the concept of 'investing' in a commodity that does NOT even exist!!!?? Could you image the USA's FDIC ever INSURING a nothing entity like BITCOIN?? Or ANY so-called CRYPTO????????????)

Best Quote in Human History: To wit, "Bitcoin is a solution to a problem that never existed in the first place."

$SOS lol who's thinking a 6am offering tomorrow morning?

Wang and Hudson Bay will bury these new bagholders deep.
https://www.sec.gov/Archives/edgar/data/1393825/000203391624000074/sos_13ga.htm

🆘 buying at the highest…. 💀

SOS: 'Great' news today, right??? (However, when Bitcoin CRASHES, what then will be the 'news' about this stupid firm???!!! Likely, the Firm will then be sending out an 'SOS' to Wall Street for some LIFE BOATS!!! All puns intended.)

Let it bottom some reverse split wise and Bitcoin mining operations up and running in October could be a good future play

$SOS Wang strikes again! Another R/S and more dilution!

Too funny! (but not for bagholders who kept on believing his lies)
He could be China's first trillionaire.

SOS new 52 week low

Well, at least I got my settlement check today.

$SOS a new bunch of bagholders who got Wang'ed?

Chinese pump groups are on this one as of August 25. Let's see what we get next week :)

When are service fees charged for ADRs?

https://wisconsinwatch.org/2023/01/crypto-mine-in-park-falls-wisconsin-creates-controversy-at-former-paper-mill/

No bearish posts, lately. Wonder why...

$SOS $2.77 post split now hopefully Wang and Krauss checked the chicken coops for the new COVID strain.

$SOS new all time lows everyday for this SCAM.

New low yesterday, unfortunately.

Plenty of stocks are getting delisted these days.

$SOS tightening up that consolidation...

$SOS hey BottomBounce you should join the class action lawsuit from the Cluckers who got robbed by Wang and his chicken coop gang via postcard or email.
I can't find anything about it on CNN Money but will cover before the shares are deregistered and Krauss yacht collection gets seized.

What's that now 3 subpoenas or is it 4?

$SOS this massive SCAM won't only be delisted to the pink sheets but probably even further down to the grey sheets with a final destination of .0001 and probably by the end of the year.

- CFO was fired for fraud and is still on the lam.
- CEO is a fugitive from the PRC for running a massive Ponzi scheme.
(His wife was a $SGLY director (another SCAM exposed by Hindenburg Research) and employee of $SOS so basically they sold tens of millions worth of fake rigs to none other than themselves!)

Weidong Feng, the same $SOS CTO that gave the walk through of the rural CCP chicken coops was at the same time the $CCNC CEO when they signed the Koi deal with $AGMH.
Conflict of interest anyone? Meanwhile Wang, Krauss & Co are laughing at the bagholders they created all the way to the bank with their tens of millions of Preferred B stock so control all voting on reverse splits.

Maybe that due diligence expert BottomBounce/SpotOnTrade/Whatever other handles? could swing by and shed some light on this with his CNN Money links showing all the cash they STOLE. He seems to have disappeared from here to spam 50 boards with a bunch of other scams.

Apart from $SOS, the entire market remains bearish.

$SOS Wang better fast track the next 70% discount offering before the market cap/shareholder equity delisting notices really start piling up...then come another round of class actions where the ambulance chasers might attempt to subpoena the CCP to search the chicken farm for the missing $600 million. Good luck with that.

$SOS trapped more victims in the past few days just in time for Wang and Krauss next discount offering bomb. Having no clue about the 1/50 reverse split they think they got in at the bottom of this SCAM.

Know when to hold and when to fold.

Yeah I was looking back at old posts seeing all of the victims this dilution SCAM fooled into thinking it was a legitimate 'bitcoin miner'.

GLTY too like I said I hope you made the loss back someplace else.

That was one year ago. Out on a decent loss… GLTY!

$SOS maybe after this SCAM does another 1/50 reverse split Klinny...you Masey and my early detractors all seemed to have quietly disappeared but I hope you made it back somewhere else. Even newer bagholders like BottomBounce/SpotOnTrade or whatever other handles he goes by these days ran away.

Soon another delisting notice for many issues but I'm sure Wang and Krauss will squeeze in a few more offerings before the chickens R.I.P.

.10 to .12 and back very impressive. Make sure the Seeking Alpha gang raises the new price target to $3850 to account for the 1:50 reverse split.

Big BUY signal just flashed!!!!!

GO SOS
$$$ SOS $$$


https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=SOS











As Always JMHO

$SOS how's that working for you? Down another 70%?

$SOS lining their pockets pure and simple. SCAM entity is about to drop another offering easy money short $$

Did you see pictures of their "open house" event? 4 paid shills and what looked like newly painted containers with no lighting and "SOS limited" signs glued onto them LMAO!

Interesting. Bearish markets like this often necessitate reverse/splits.

OPTION NOTICE FROM THE OCC - REVERSE SPLIT (1-FOR-50) OPTIONS

You can read it for yourself ([https://infomemo.theocc.com/infomemos?number=50643](https://infomemo.theocc.com/infomemos?number=50643&fbclid=IwAR0MUpwFRBn4VS1hoOGka-tRRCYfoi0FCXOaJ2qTMPYb0TFsGVEvfs27IYg)).

**TL;DR: You will own the same number of options at the same strike price. The new deliverable per option is 2 new SOS ADR shares. Pre RS options symbols will change to the SOS1 prefix.**

There's no change to the strike price as it represents the correct number of ADRs to represent the correct number of Class A Shares. It's the number of Class A shares that needs to remain the same.

Your broker might charge you a corporate action fee. I've seen these as high as $38 (might be per option or group of options with same strike and date). You have time to ask. This is not advice, but if the fee is not palatable, you could sell your options pre RS and re-buy post RS. Any loss would be subject to wash sale rules.

$SOS At 28.5% CAGR, Cryptocurrency Mining Market Size to hit USD $5293.9 Million to 2028

https://prnewswire.com/news-releases/at-28-5-cagr-cryptocurrency-mining-market-size-to-hit-usd-5293-9-million-to-2028--says-brandessence-market-research-301491365.html

$SOS staying short right through the R/S because what will happen is they'll get compliance then quickly drop another offering followed by another and another until it's back to pennies. (with a few more fake PR's on the way to sucker in more victims) Then keep on repeating the SCAM like when they were "China Emergency Rescue Services" and "China Rapid Finance"...this SCAM entity operates like a Greek Shipper.

Still ZERO evidence of ANY mining machines and as for all the "cash" they have they got that cash from millions of retail bagholders who fell for the SCAM hook line and sinker. Many were or are right here.

$SOS 1:50 reverse split keep pimping this SCAM fools

https://www.globenewswire.com/news-release/2022/06/22/2467169/0/en/SOS-Limited-Announces-Planned-ADS-Ratio-Change.html

$SOS https://finance.yahoo.com/video/bitcoin-bounces-back-hitting-below-132621380.html

$SOS Bitcoin $1,215.90 +663.10 (3.23%)

$SOS this SCAM will be delisted any day now.

$SOS full-year net revenue surged 612% Y/Y to $357.8M, driven by the addition of its cryptocurrency mining and commodity trading operations. https://seekingalpha.com/news/3830378-sos-stock-jumps-as-2021-revenue-soars-over-600-on-crypto-mining-commodity-trading

That's a whole lot of coin.