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Society Pass Incorporated
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
SOPA · Price history
Company & revenue
About Society Pass Incorporated
Primary reporting period: 2024-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Society Pass Incorporated specializes in acquiring and operating various digital commerce platforms designed to connect consumers and businesses throughout Southeast Asia. The company's activities are categorized into two main divisions: E-Commerce and Merchant Point-of-Sale (POS) services. Its extensive range of online interfaces features lifestyle applications like the Leflair App and its corresponding website, food and beverage (F&B) delivery services such as the Pushkart and Handycart apps and websites, and dedicated merchant software solutions including the #HOTTAB Biz App, #HOTTAB POS App, and Hottab.
How they make money
Society Pass operates an acquisition-focused e-commerce ecosystem in Southeast Asia, generating revenue through digital marketing services, travel booking commissions, and the sale of hardware and software for point-of-sale applications. The company integrates these businesses through a proprietary platform that utilizes universal loyalty points to drive consumer engagement and merchant transactions across its various subsidiaries.
Products & services
The company provides digital marketing services, online travel and hotel reservation platforms, point-of-sale (POS) hardware and software, and telecommunications data plans.
Brands & revenue mix
Travel booking and reservation brand.
Separate brand revenue is not available in this research.Source
Point of sale and merchant services brand.
Separate brand revenue is not available in this research.Source
Telecommunications and data plan brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Period ended 2024-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Business relationships & partnerships
- NusaTrip Incorporated — A commercial collaboration where the company develops technology solutions to enhance travel distribution processes for travel wholesalers, agencies, and B2B platforms.Source
Strengths
Risks
- Forward-looking statements involve inherent risks and uncertaintiesSource
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2025-09-30.
Diluted weighted-average shares increased 99.1% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
34
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
42
Weak
Financial Strength
33
Business Quality / Moat
67
Management
40
Growth Quality
48
Risk / Durability
3
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
32
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
38/100
Building Historical Record
Model Score 38/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
Reverse-split / listing-compliance risk: HIGH
This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.
Risk indicator: 65/100
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for SOPA
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can SOPA maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is SOPA's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is SOPA likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for SOPA to reach sustainable profitability?
- •What future growth or profitability would be needed to justify SOPA's current valuation?
Essential Investment Snapshot
Wall Street Score
34
Opportunity Score
32
Market Cap
$239K
P/E Ratio
-0.0
EPS
$-2.35
52-Week High
$6.28
52-Week Low
$0.03
Beta
1.81
Shares Outstanding
3.0M
Total Revenue
$7.2M
Total Debt
$973K
Dividend
No current dividend
Liquidation Value / Share
$4.63
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Notices for SOPA
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-61.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on SOPA.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary IT architecture for ecosystem scaling.
- +Universal loyalty point system across subsidiaries.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Forward-looking statements involve inherent risks and uncertainties.
- −Diluted weighted-average shares increased 99.1% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
34
Oct 1, 2026
Change
Unchanged
Current Score
34
Oct 22, 2026
Category Changes
SOPA score was unchanged.
Projected Score
Projected Score
32
Projected Change
-2.0 points
Preliminary comparable-period financial changes suggest decline of approximately 2.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.04
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M | $7.1M | $8.2M | $5.6M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $3.9M | $5.2M | $5.7M | $4.7M | ···· | ···· | ···· | ···· |
| Gross Profit | $3.3M | $1.9M | $2.5M | $967K | ···· | ···· | ···· | ···· |
| Research & Development | $53K | $55K | $56K | $73K | ···· | ···· | ···· | ···· |
| SG&A Expenses | $13.6M | $11.1M | $20.4M | $31.6M | ···· | ···· | ···· | ···· |
| Operating Expenses | $13.7M | $11.2M | $20.4M | $35.1M | ···· | ···· | ···· | ···· |
| EBITDA | -$9.9M | -$9.4M | -$16.8M | -$30.7M | ···· | ···· | ···· | ···· |
| Operating Income | -$10.4M | -$9.3M | -$18.0M | -$34.2M | ···· | ···· | ···· | ···· |
| Interest Expense | $112K | $152K | $235.00 | $25K | ···· | ···· | ···· | ···· |
| Income Before Tax | -$10.6M | -$10.2M | -$18.1M | -$34.0M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $92K | $81K | $25K | $4K | ···· | ···· | ···· | ···· |
| Net Income | -$10.6M | -$10.2M | -$18.1M | -$33.8M | ···· | ···· | ···· | ···· |
| Basic EPS | $-2.35 | $-3.45 | $-9.45 | $-20.75 | ···· | ···· | ···· | ···· |
| Basic Shares | 5.74M | 2.96M | 1.92M | 1.63M | ···· | ···· | ···· | ···· |
| Diluted Shares | 5.74M | 2.96M | 1.93M | 1.63M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.89
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-27.5%
Cash Change
+56.4%
Margin Change
-288.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included EPS growth, cash levels, debt levels. Pressure indicators included revenue growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 17.6%. EPS increased 85.4%. Cash increased 56.4%. Total debt declined 27.5%. Net income margin declined by 288.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Software - ApplicationRumor Mill · SOPA
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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