New York, October 7, 2026 / PRNewswire / -- SOS Limited (referred to as “SOS” or “the Company”) ( NYSE : SOS ) today announced its interim financial results for the six months ending June 30, 2026.
According to the rules of the New York Stock Exchange, the 6-K filing of company Form can be found on the company's website: http :// www.sosyun.com. All shareholders of the company may also request a free copy of the company's complete unaudited interim financial statements submitted to the U.S. Securities and Exchange Commission (SEC) in paper format. If you would like to request a paper copy of the company's unaudited interim financial statements or have any other inquiries regarding this press release, please contact the company's investor relations department: [ email protected ]
Mid-term operating results
For the six months ending June 30, 2026, compared to the six months ending June 30, 2025
Revenue
As of June 30, 2026, SOS focuses on three main product and service lines, including commodity trading, custody services, and other businesses. Among these, commodity trading accounts for 97.6% of total revenue, custody services account for 2.0%, and other businesses account for 0.4%.
Net revenue was $48.8 million, a decrease of 45.5% compared to $85.6 million in the same period last year. The company stated that this decline is mainly attributed to two factors: (1) the slowdown in the global economy prompted the company to proactively reduce its business activities as planned in the first half of the year; (2) weakening domestic demand has suppressed the company's business and hindered operations.
Revenues and services categorized by product
Operating costs and expenses
The operating cost was $52.5 million, which represents a 42.2% decrease from $90.9 million for the six months ending June 30, 2025, in line with the downward trend in revenue. Operating costs include depreciation of hardware related to cryptocurrency mining, electricity costs, and depreciation of property equipment, as well as sales costs for commodity trading and warehouse rental fees.
Selling expenses
Selling expenses are mainly related to the company's bulk commodity business, including freight costs, customs clearance agency fees, warehouse rental fees, promotional expenses, sales commissions, and the salaries of the sales team. Selling expenses have increased to $2.6 million, compared to $2.3 million in the same period last year, primarily due to rising transportation costs.
General and administrative expenses
General and administrative expenses amounted to $6 million, which represents a year-on-year decrease of 36.0% compared to $9.4 million for the six months ending June 30, 2025. The company stated that the decrease was mainly due to the absence of depreciation expenses for mining machines during this period.
Net Loss
Calculated in accordance with Generally Accepted Accounting Principles (GAAP) in the United States ( GAAP ), the net loss was $34.5 million, while at the end of the six-month period ending June 30, 2025, the net loss was $14.2 million, representing an increase of 142.8%. The company's gross margin for this period was -7.5%. The company stated that in a challenging market environment, it voluntarily lowered its profit margin in order to retain existing customers and maintain market share – trading price for sales volume, in order to lay a foundation for future business.
Income Tax
The company paid $666 in corporate income tax for this period, while by the end of the six-month period on June 30, 2025, it amounted to $3,000.
The net loss attributable to common shareholders of GAAP was $34.4 million, while for the six months ending June 30, 2025, it was a net loss of $14.2 million.
The basic loss per share is $2.13, while for the six months ending June 30, 2025, it was $2.09 per share.
Cash flow
Cash flow used for operating activities
As of June 30, 2026, the company held cash and cash equivalents amounting to $231.9 million, an increase of $228.7 million from the previous year. The company stated that this growth was mainly due to the recovery of $222.2 million from other receivables.
Cash flow used for investment activities
The company did not have any investment activities during this period.
Cash flow used for financing activities
Within the six months up to June 30, 2026, the company did not have any significant financing activities.
About SOS Limited
SOS is an emerging provider of marketing solutions driven by blockchain and big data. SOS is also engaged in blockchain and cryptocurrency-related businesses, currently including cryptocurrency mining, and may expand into the fields of cryptocurrency security and insurance in the future. Since April 2021, the company has been conducting bulk commodity trading through its subsidiaries SOS International Trading Co, Ltd, and Weigou International Trading Co Ltd. The main commodities traded include mineral resin, soybeans, wheat, sesame, liquid sulfur, petroleum coke, and latex, among others. For more information, please visit: http:// www.sosyun.com.
Forward-looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including but not limited to the company’s expectations regarding future financial performance, business strategies, or business prospects. These statements are predictions, outlooks, and forward-looking statements and are not guarantees of performance. SOS reminds that forward-looking statements are subject to numerous assumptions, risks, and uncertainties, and these factors may change over time. Words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “predict”, “intend”, “expect”, “anticipate”, “believe”, “seek”, “target”, “outlook”, and similar expressions may be used to identify forward-looking statements. Specifically, forward-looking statements may include statements related to the following matters:
- The ability to execute the company's business plan;
- Changes in the SOS product and service market;
- Expansion plans and opportunities.
These forward-looking statements are based on information available as of the date of this press release, as well as management's current expectations, projections, and assumptions. They involve a number of judgments, risks, and uncertainties, and actual results or performance may differ significantly from those explicitly or implicitly stated in these forward-looking statements.
These risks and uncertainties include, but are not limited to, the risk factors mentioned in the documents submitted by SOS to SEC. In addition to other matters, these risk factors, as well as those identified in other parts of this press release, may lead to significant differences between actual results and historical performance, including but not limited to:
- Policies and regulatory oversight of the U.S. government regarding cryptocurrency mining operations and other business activities of companies;
- The cryptocurrency mining, commodity trading, and marketing solutions business of SOS is still in the development stage, and there are many uncertainties regarding the integration of these different business segments;
- Failed to effectively manage the newly launched bulk commodity trading business;
- Loss of key customers in bulk commodity trading business;
- If it is not possible to obtain a large amount of electricity at a reasonable cost, this may significantly increase the operating expenses of SOS and have an adverse effect on the company's mining business needs;
- A shortage of mining machines or rising prices may have an adverse impact on the company's business;
- In the event of any major or prolonged failures in the data warehouse facilities and data mining facilities operated or provided by SOS, including incidents beyond their control, it will result in significant costs and business interruptions, reduce the attractiveness of these facilities, damage their commercial reputation, and have a substantial adverse impact on their operating performance.
- A security vulnerability has been detected in the company's data warehouse, or it is alleged to have such a vulnerability, which may disrupt the operations of SOS and have a significant adverse impact on its business, financial condition, and operational performance;
- SOS has identified or will identify other risks and uncertainties in the reports or documents submitted to, or to be submitted to, SEC.
Therefore, forward-looking statements should not be regarded as the company's views at any point after the date of issuance of this press release, nor should excessive reliance be placed on these forward-looking statements when deciding to invest in the company's securities. Except as required by securities laws, the company assumes no obligation to update forward-looking statements due to new information, future events, or other reasons.
