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MARKETS / SOPAQ
SERVICES-BUSINESS SERVICES, NEC

Society Pass Incorporated. SOPAQ

5 fiscal years on record · USD · FY2024 reported · SEC filings only
$7.1M
▼ 13.0% YoY
$-10.2M
$2.4M
In brief

What this company does

We are, through the operation and acquisition of fintech and e-commerce platforms and mobile applications through our direct and indirect wholly or majority-owned subsidiaries, building the next generation digital ecosystem and loyalty platform in the Southeast Asian (“SEA”) countries of Singapore, Vietnam, Indonesia, Philippines and Thailand. We currently market to both consumers and merchants in SEA while maintaining an administrative headquarters in Singapore and a software development center in Philippines. Society Pass Incorporated (formerly named Food Society, Inc.) is a Nevada corporation that was incorporated on June 22, 2018. We operate through our subsidiaries. Society Pass has 12 trademarks currently registered with the United States Patents and Trademark Office (the “USPTO”) and has two applications with the USPTO pending.

Written from the business description in Society Pass Incorporated's annual report to the U.S. Securities and Exchange Commission, filed 16 April 2025. Every sentence was checked against that document before publication.

Growth
USD 7.1M
Revenue, FY2024 · full 5-year series below
Revenue $M Net income $M
FY2024 · Revenue 7.1 · Net income -10.2
4M8M-20M20202021202220232024
Compound annual growth
+139.1%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−144 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -131.2% · Net -144.1%
-2000%-4000%-6000%20202021202220232024
ROE
FY2024 · ROE -645.7%
-200%-400%-600%20202021202220232024

Each USD of equity lost 646 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 2.4
1M2M-8M20202021202220232024
Net buybacks $ Dividends $
FY2023 · Dividends — · Net buybacks 785525.0
4000002023

Total assetsUSD 21.3M
EquityUSD -2.1M
CashUSD 7.6M
Gross debtUSD 818,352.00
Net debtUSD -6.8M
Current ratio0.62×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20242023202220212020
Revenue $B0.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.0−0.0·
EPS, diluted $−3.45−9.39−1.38−3.68−0.56
Dividend / sh $·····
Payout %·····
ROE %−645.7−141.4−128.0−316.8·
Shares out B0.000.000.030.020.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 69 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onnot stated in the filings
Incorporated inNevada
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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