$SOS

SOS Ltd

CIK:0001346610|SEC Filings

Consolidated Statements of Profit and Other Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
REVENUES	$ 154,290	$ 231,424	$ 92,416
COST OF REVENUES	(152,034)	(224,383)	(78,234)
GROSS PROFIT	2,256	7,041	14,182
OPERATING EXPENSES:
General and administrative expenses	(88,407)	(18,136)	(11,058)
Selling expenses	(5,278)	(2,774)	(672)
Share-based compensation	(7,170)	(7,735)	(7,264)
Total operating expenses	(100,855)	(28,645)	(18,994)
(LOSS) FROM OPERATIONS	(98,599)	(21,604)	(4,812)
OTHER (EXPENSE)/INCOME
Other (expense)/income, net	1,254	5,619	(978)
Total other (expenses)	1,254	5,619	(978)
LOSS BEFORE INCOME TAXES	(97,345)	(15,985)	(5,790)
INCOME TAXES	1	(242)	(631)
NET LOSS FROM CONTINUING OPERATION	(97,344)	(16,227)	(6,421)
Net income attributable to non-controlling interests	25	2,621	2,770
NET LOSS ATTRIBUTABLE TO SHAREHOLDERS	(97,319)	(13,606)	(3,651)
DISCONTINUED OPERATIONS
Gain on disposal of discontinued operations		1
GAIN FROM DISCONTINUED OPERATIONS		1
Net loss	(97,319)	(13,605)	(3,651)
OTHER COMPREHENSIVE (LOSS)/INCOME
Foreign currency translation	(5,866)	3,028	5,112
TOTAL COMPREHENSIVE (LOSS)/INCOME	$ (103,185)	$ (10,577)	$ 1,461
Basic (in Shares)	16,170,320	3,034,821	906,423
Diluted (in Shares)	16,170,320	3,034,821	906,423
LOSS PER SHARE
Basic (in Dollars per share)	$ (6.0184)	$ (4.485)	$ (4.035)
Diluted (in Dollars per share)	$ (6.0184)	$ (4.485)	$ (4.035)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (97,319)	$ (13,605)	$ (3,651)
Net loss from continuing operation	(97,319)	(13,606)	(3,651)
Net gain from discontinued operation		1
Adjustments for:
Depreciation of property, plant and equipment	8,706	10,904	4,975
Depreciation of right-of-use assets	2	377	800
Share-based compensation	7,170	7,735	7,264
Accretion of finance leases		6	32
Allowance for credit losses - accounts receivable	1,554	196	451
Allowance for credit losses - other receivables	51,178	(1,044)	228
Impairment of intangible assets	6,723	781	970
Impairment of mining equipment	5,861		4,455
Impairment of property plant and equipment	1,025
Inventory impairment	5,579	2,571	194
Adjustments, total	87,798	21,526	19,369
Changes in operating assets and liabilities:
Accounts receivable	(2,082)	(2,017)	1,172
Investment securities	7,371	(9,353)	(307)
Other receivables	(211,290)	(69,267)	(25,194)
Amount due from related parties	(29,637)	29,745	29,456
Inventories	3,450	(5,283)	13,204
Intangible assets		(9,258)	(15,960)
Accrued liabilities	(4,674)	6,306	(5,193)
Tax (recoverable)/payable	(35)	(452)	1,247
Accounts payable	6,836	(24,229)	(94)
Other payables	(7,904)	4,352	(4,795)
Amount due to related parties	1,000	(999)	998
Lease liabilities	2	(377)	(544)
Net cash generated from/(used in) operating activities from continuing operations	(246,484)	(72,911)	9,708
Net cash generating from discontinued operating activities		1
Net cash generated from/(used in) operating activities	(246,484)	(72,910)	9,708
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)	(288)
Proceed from share issuance, net of issuance costs	15,788	24,838	17,884
Net cash generated from financing activities	15,790	24,550	17,596
EFFECT OF EXCHANGE RATES ON CASH	5,833	(2,685)	(7,619)
NET CHANGES IN CASH AND CASH EQUIVALENTS	(224,899)	(51,046)	19,685
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	228,131	279,177	259,492
CASH AND CASH EQUIVALENTS, END OF YEAR	3,232	228,131	279,177
LESS: CASH AND CASH EQUIVALENTS, FROM THE DISCONTINUED OPERATIONS
Supplemental cash flow information
Cash paid for income tax	$ 6	$ 12	$ 684

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 3,232	$ 228,131
Trading financial assets	2,182	9,553
Accounts receivable, net	3,158	2,630
Inventories	23,982	33,011
Other receivables, net	310,393	150,281
Intangible assets	79,099	29,873
Tax recoverable	1,871	1,823
Total current assets	463,391	465,139
Non-current assets:
Operating lease, right-of-use assets	2
Property, plant and equipment, net	1,590	17,143
Goodwill	72	72
Total non-current assets	1,664	17,215
Total assets	465,055	482,354
Current liabilities:
Accrued liabilities	16,824	21,498
Accounts payable	19,347	12,511
Operating lease liabilities	2
Tax payable	182	169
Other payables	3,940	11,844
Total current liabilities	41,937	46,664
Total liabilities	41,937	46,664
Shareholders’ equity Ordinary shares, $0.75 par value, 6,000,000,000 shares authorized, 13,235,873 Class A shares and 2,934,447 Class B shares issued and outstanding as of December 31, 2025, 2,964,518 Class A shares and 163,210 Class B shares issued and outstanding as of December 31, 2024, respectively	5,055	2,191
Statutory Reserve	161	161
Additional paid-in capital	781,484	761,391
Accumulated deficit	(337,870)	(290,261)
Accumulated other comprehensive loss	(25,691)	(31,557)
Non-controlling interests	(21)	(6,235)
Total shareholders’ equity	423,118	435,690
Total liabilities and shareholders’ equity	465,055	482,354
Related Party
Current assets:
Amount due from related parties	39,474	9,837
Current liabilities:
Amount due to related parties	$ 1,642	$ 642