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BALCAO · 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

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

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
3M6M-15M-30M
202020232024
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%
202020222024
ROE
FY2023 · ROE -141.4%
-50%-100%
202020222024
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 2.4
1M2M-10M-20M
202020222024
Net buybacks $ Dividends $
FY2023 · Dividends · · Net buybacks 785525.0
300000600000
2023

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

Equity was zero or negative — liabilities equaled or 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—not applicable◌not available in our data
SOPAQ, 5-year financial record
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 % — not applicable: no dividend—————
ROE %—−141.4−128.0——
Shares out B0.000.030.030.020.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Business Services, NEC
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

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