Friday 6 November 2026
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Society Pass Incorporated
SOPAQ Communication Services Advertising Agencies
Society Pass Incorporated’s revenue for fiscal 2024 (year ended December 2024) was $7.1 million, down 13.0% from fiscal 2023.
- Revenue
- −17.6%
- EPS
- −75.0%
- Free cash flow
- −920.2%
Quarter to September 2025, against a year earlier
0.00
0.00
NaN
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM Sep ’25 | Trend | 10 yrs | 2025e | 2026e | 2027e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 0 | 1 | 6 | 8 | 7 | 7 | +268.9% | 7 | 8 | 10 | +11.6% | |
| Gross margin, % | — | — | — | — | 20.19 | (68.95) | (36.70) | 17.16 | 30.23 | 26.22 | 45.75 | +6.0 pt | ||||||
| EBT | — | — | — | (1) | (7) | (4) | (35) | (34) | (18) | (10) | (11) | +38.2% | ||||||
| EBT margin, % | — | — | — | 0.00 | (70,176.92) | (7,275.62) | (6,703.90) | (603.51) | (221.18) | (142.94) | (146.06) | (142.9) pt | ||||||
| Net income | — | — | 0 | (1) | (7) | (4) | (35) | (34) | (18) | (10) | (11) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 0.00 | 0.11 | 0.83 | 3.46 | 4.23 | 2.40 | 1.18 | n/m | |||||
| Earnings | — | — | — | (0.06) | (0.32) | (8.21) | (55.17) | (20.69) | (9.45) | (3.45) | (2.21) | +96.5% | ||||||
| Cash flow | — | — | — | (0.01) | (0.07) | (2.68) | (17.17) | (8.87) | (7.20) | 0.83 | (3.09) | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | (0.07) | (0.35) | (0.19) | (0.01) | (0.01) | n/m | ||||||
| Free cash flow | — | — | — | (0.01) | (0.07) | (2.68) | (17.24) | (9.22) | (7.39) | 0.82 | (3.10) | n/m | ||||||
| Book value | — | — | — | 0.37 | 0.28 | (22.34) | 51.32 | 12.28 | 2.60 | (0.81) | 2.18 | n/m | ||||||
| Shares, m | — | — | — | 23 | 23 | 0 | 1 | 2 | 2 | 3 | 5 | (28.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 3,649.77 | 3,649.77 | 189.19 | 4.28 | 1.08 | 0.38 | 0.00 | 1,249.1 | ||||||
| P/B | — | — | — | — | 0.00 | 0.00 | 3.04 | 1.21 | 1.76 | 0.00 | 0.00 | 1.0 | ||||||
| EV/Sales | — | — | — | — | 3,596.16 | 3,596.16 | 144.86 | 0.92 | 0.63 | (0.69) | (0.90) | 1,223.0 | ||||||
| EV/FCF | — | — | — | — | (127.58) | (127.58) | (6.96) | (0.34) | (0.36) | (1.99) | 0.34 | (44.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 0 | (2) | (1) | (11) | (14) | (14) | 2 | (19) | n/m | |||||
| Capex | — | — | — | — | 0 | — | 0 | (1) | 0 | 0 | 0 | (1.7%) | ||||||
| Free cash flow | — | — | — | 0 | (2) | (1) | (11) | (15) | (14) | 2 | (19) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 1 | (2) | (2) | 27 | 11 | (2) | (9) | 8 | n/m | |||||
| Net debt | — | — | — | (1) | (1) | 0 | (23) | (19) | (4) | (8) | (6) | +41.6% | ||||||
| Shareholders’ equity | — | — | — | 9 | 6 | (10) | 32 | 20 | 5 | (2) | 13 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (32.69) | (82.57) | (46.10) | (161.54) | (99.55) | (73.92) | (54.34) | (42.28) | (21.6) pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | 0.00 | (230.44) | (2,060.18) | (846.23) | 0.00 | (94.52) | 0.0 pt | ||||||
| ROE | — | — | — | 34.33 | 171.51 | 43.84 | (317.33) | (129.11) | (144.84) | (781.75) | (152.00) | (816.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2024 · latest quarter Sep 2025 · fundamentals updated 25 Oct 2026
Society Pass Incorporated vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| YDKG Yueda Digital Holding | $5.5M | — (loss-making) | — (loss-making) | −93.87% (below 0%: shrinking) | n/m | +94.68% (above 0%: growing) | (159.11%) | 0.00% | Compare |
| BAOS Baosheng Media Group Holdings Limited | $5.3M | — | — (loss-making) | — | — | −165.95% (below 0%: shrinking) | 79.96% | 0.00% | Compare |
| KRKR 36Kr Holdings Inc. Sponsored ADR | $4.8M | — (loss-making) | — (loss-making) | +3.16% (above 0%: growing) | n/m | −99.56% (below 0%: shrinking) | 55.93% | (11.53%) | Compare |
| CNET ZW Data Action Technologies Inc. | $3.3M | — (loss-making) | — | +18.98% (above 0%: growing) | n/m | −116.44% (below 0%: shrinking) | 7.21% | (58.44%) | Compare |
| CHR Cheer Holding, Inc. | $2.8M | 0.0× | — (loss-making) | +42.89% (above 0%: growing) | −11.70% (below 0%: shrinking) | +1.34% (above 0%: growing) | 72.56% | 43.62% | Compare |
| FCDH Forcendra Holding Limited | $2.6M | — | — | — | — | +51.31% (above 0%: growing) | — | — | Compare |
| HAO Haoxi Health Technology Limited | $1.1M | — | — | — | — | −895.86% (below 0%: shrinking) | — | — | Compare |
| SOPAQ Society Pass Incorporated | $980.0K | — (loss-making) | — (loss-making) | −17.63% (below 0%: shrinking) | n/m | −920.18% (below 0%: shrinking) | 64.28% | (379.93%) | |
| DRCT Direct Digital Holdings, Inc. | $730.0K | — (loss-making) | 11.5× | −22.79% (below 0%: shrinking) | n/m | +67.42% (above 0%: growing) | 34.00% | (37.39%) | Compare |
| Median of peers | $3.0M | — | — | +3.16% | — | −49.11% | 44.97% | (5.76%) |
Pay and ownership Proxy statement filed 29 August 2025
Ownership
Directors and executive officers, together
4.87%
Dennis Nguyen
81.79%
Raynauld Liang, Chief Executive Officer
4.87%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement