Society Pass (SOPA) AI Stock Analysis

• Market Cap: $6.61M
• Dividend Yield: N/A
• Average Volume (3M): 181.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.08
• Revenue Growth: -15.60%
• EPS Growth: 64.21%
• Country: US
• Employees: 40
• Sector: Technology
• Sector Strength: 79
• Industry: Software - Application
• EPS (TTM): -3.53
• Shares Outstanding: 5,011,061
• 10 Day Avg. Volume: 141,785
• 30 Day Avg. Volume: 181,094
• PEG Ratio: 0.01
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.61
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 0.23
• Enterprise Value/Gross Profit: 4.36
• Enterprise Value/Ebitda: -0.14
• 1Y Price Target: $15.00
• Price Target Upside: 1036.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: $1.50 ▲(13.64%Upside)

Society Pass faces substantial financial challenges, including consistent losses and negative equity, which severely impacts its financial performance score. Technical analysis provides some short-term optimism, but the longer-term outlook remains uncertain. The negative P/E ratio highlights significant valuation concerns, making the stock less attractive. The lack of recent earnings call data and corporate events further limits positive factors.

Positive Factors

Market Opportunities

Continued strong economic expansion, robust population growth, rising level of urbanization, the emergence of the middle class, and the increasing rate of adoption of mobile technology provide large and fast growing market opportunities for Society Pass in Southeast Asia.

Share Valuation

The company’s market capitalization is only ~$4 million while it has ~$8 million in cash, implying its shares are undervalued.

Negative Factors

Financial Guidance

The company has not provided any financial guidance, and has not updated its expectations to have 2 IPO spinoffs in 2024/2025.

Society Pass Business Overview & Revenue Model

Company Description

Society Pass Incorporated engages in the acquisition and operation of e-commerce platforms for consumers and merchants in Southeast Asia. It operates in two segments, E-Commerce and Merchant POS. The company's e-commerce interfaces include lifestyle platforms, such as Leflair App and Leflair.com website; food and beverage (F&B) delivery platforms comprising Pushkart App, Pushkart.ph website, Handycart App, and Handycart.vn website; merchant software segment that consists of #HOTTAB Biz App, #HOTTAB POS App, and Hottab.net website; and loyalty platforms, such as Society Pass App and SoPa.asia website. Its loyalty-focused and data-driven e-commerce marketing platform interfaces connect consumers with merchants in the F&B and lifestyle sectors. The company was formerly known as Food Society, Inc. and changed its name to Society Pass Incorporated in October 2018. Society Pass Incorporated was incorporated in 2018 and is headquartered in Singapore.

How the Company Makes Money

Society Pass generates revenue primarily through its e-commerce marketplaces, where it facilitates transactions between consumers and merchants and earns commission fees. The company also monetizes its platform by offering digital payment solutions, which include transaction fees and service charges. Additionally, SOPA capitalizes on its loyalty programs by partnering with merchants to drive customer engagement and repeat purchases, which further strengthens its revenue streams. Strategic partnerships with local and international brands help expand its market reach and enhance its service offerings.

Society Pass Financial Statement Overview

Summary

Society Pass shows some revenue growth but struggles significantly with profitability and financial stability. The income statement reveals consistent losses, and the balance sheet indicates negative equity, which is concerning. Cash flow has improved, but historical trends of negative cash flow remain a concern. Liquidity is a rare strength, as cash exceeds short-term debt.

Income Statement

Society Pass has shown some revenue growth over the years, but profitability remains a significant concern. The company reported negative net income consistently, with a net profit margin of -0.14% in 2024, an improvement compared to -221.88% in 2023. The gross profit margin is also low at 26.22% for 2024. EBIT and EBITDA margins are negative, indicating operational challenges. Despite revenue growth, the inability to translate it into profit is a major weakness.

Balance Sheet

The balance sheet reflects a challenging situation with negative stockholders' equity in 2024, indicating financial instability. The debt-to-equity ratio cannot be calculated due to negative equity, posing a risk. Total liabilities exceed total assets, and the equity ratio is -10.05%, highlighting financial distress. However, the company has maintained a good cash position with cash and cash equivalents exceeding short-term debt, presenting some liquidity strength.

Cash Flow

Cash flow analysis shows a positive operating cash flow in 2024, a significant improvement from negative values in previous years. The free cash flow to net income ratio is high due to minimal net income, but the free cash flow growth rate is remarkable. Despite these improvements, the historical trend of negative free cash flow and operating cash flow raises concerns about long-term sustainability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
7.11M	8.17M	5.64M	519.88K	52.45K
	Gross Profit
1.86M	2.47M	966.97K	-190.80K	-36.21K
	EBIT
-9.32M	-17.96M	-30.66M	-34.21M	-3.75M
	EBITDA
-9.35M	-16.80M	-30.68M	-31.60M	-2.94M
	Net Income Common Stockholders
-10.23M	-18.13M	-33.79M	-34.77M	-3.83M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.63M	3.63M	18.93M	23.26M	506.67K
	Total Assets
21.28M	16.36M	32.70M	35.18M	7.87M
	Total Debt
866.42K	1.43M	1.57M	629.13K	83.20K
	Net Debt
-6.76M	-2.20M	-17.36M	-22.64M	-423.46K
	Total Liabilities
23.69M	11.33M	12.69M	2.85M	18.28M
	Stockholders Equity
-2.14M	5.31M	20.35M	32.43M	-10.41M
Cash Flow		Free Cash Flow
2.44M	-14.27M	-15.02M	-10.86M	-1.25M
	Operating Cash Flow
2.47M	-13.91M	-14.45M	-10.81M	-1.25M
	Investing Cash Flow
-29.96K	-340.25K	177.39K	-246.84K	0.00
	Financing Cash Flow
1.48M	-785.52K	10.18M	33.82M	1.21M

Society Pass Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.32
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SOPA, the sentiment is Positive. The current price of 1.32 is above the 20-day moving average (MA) of 1.32, above the 50-day MA of 1.09, and above the 200-day MA of 1.16, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 61.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SOPA.

Society Pass Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
VERB	53 Neutral	$10.07M	―	-66.08%	―	3125.00%	98.06%
OLB	50 Neutral	$5.45M	―	-148.68%	―	-57.50%	65.30%
SOPA	49 Neutral	$6.61M	―	-528.72%	―	-15.60%	64.21%
FTFT		$5.45M	―	-79.06%	―	―	―
IDAI	44 Neutral	$4.63M	―	-369.03%	―	-34.68%	-265.79%
TGL	41 Neutral	$4.84M	―	-8.88%	―	-96.03%	95.03%

Society Pass Corporate Events

Society Pass Increases Authorized Shares to 50 Million

On June 2, 2025, Society Pass Incorporated filed a Charter Amendment with the Secretary of State for Nevada, increasing its authorized shares of Common Stock from 6,333,333 to 50,000,000. This amendment, approved by the company’s stockholders, is expected to impact the company’s operations by potentially expanding its market presence and providing more flexibility for future growth and investment opportunities.

The most recent analyst rating on (SOPA) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Society Pass stock, see the SOPA Stock Forecast page.

Society Pass Restructures After CMO Resignation

On April 30, 2025, Society Pass Incorporated’s Board of Directors accepted the resignation of Mr. Rokas Sidlauskas as the Group Chief Marketing Officer. His departure was amicable and not due to any disagreements with the company. Concurrently, the Board decided to eliminate the position of Group Chief Marketing Officer from its management team, indicating a potential restructuring or strategic shift within the company.