← SOS Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($228.9m) | ($3.7m) | ($13.6m) | ($97.3m) | |
| Net Income (Loss) Attributable to Parent | ($33.4m) | ($36.6m) | ($66.5m) | ($9.9m) | $4.4m | ($49.1m) | ($229.4m) | ($3.7m) | ($13.6m) | ($97.3m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($40.4m) | ($121.6m) | ($66.5m) | ($9.9m) | — | ($49.3m) | ($229.4m) | ($3.7m) | ($13.6m) | ($97.3m) | |
| LESS: CASH AND CASH EQUIVALENTS, FROM THE DISCONTINUED OPERATIONS | $144k | $10.9m | $4.9m | ||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($33.4m) | ($36.6m) | ($66.5m) | ($9.9m) | $4.4m | ($49.3m) | ($230.2m) | ($6.4m) | ($16.2m) | ($97.3m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | $4.9m | ($49.1m) | $229.2m | ($3.7m) | ($13.6m) | ($97.3m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($18k) | — | ($97.3m) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $261k | — | $1k | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($482k) | — | ($261k) | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $200k | ($1.0m) | ($2.8m) | ($2.6m) | ($25k) | |
| Depreciation, Depletion and Amortization | — | — | — | — | $2k | $5.2m | $8.7m | $5.8m | $10.9m | $8.7m | |
| Depreciation | $1.4m | $2.3m | — | $1.9m | — | — | $8.7m | $5.0m | $10.9m | $8.7m | |
| Depreciation, Nonproduction | — | — | — | — | — | — | — | $5.0m | — | — | |
| Depreciation of property, plant and equipment | — | — | $1k | $2k | $2k | $843k | $8.0m | $5.0m | $10.9m | $8.7m | |
| Depreciation of right-of-use assets | — | — | — | — | — | — | — | $800k | $377k | $2k | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $8.7m | $5.8m | $11.3m | $8.7m | |
| Share-based Payment Arrangement, Noncash Expense | $1.0m | $2.5m | $2.5m | $4.3m | $506k | $33.5m | $14.7m | $7.3m | $7.7m | $7.2m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $14.7m | — | — | — | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | — | — | — | $137.1m | $51.2m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $1.0b | $781.0m | $6.7m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $8.4m | $194k | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $925k | $8.4m | $970k | $781k | $6.7m | |
| Share-based compensation | $1.0m | $2.5m | $2.5m | $4.3m | $506k | $33.5m | $14.7m | $7.3m | $7.7m | $7.2m | |
| Impairment of intangible assets | — | — | — | — | — | $925k | $8.4m | $970k | $781k | $6.7m | |
| Impairment of mining equipment | — | — | — | — | — | — | $25.0m | $4.5m | — | $5.9m | |
| Inventory impairment | — | — | — | — | — | — | $16.8m | $194k | $2.6m | $5.6m | |
| Asset Impairment Charge | — | — | — | — | — | — | $50.3m | $5.6m | $3.4m | $19.2m | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | $177k | $63k | — | — | — | — | $1.0m | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $811k | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | ($298k) | — | — | ($8.0m) | — | — | $1.0m | |
| Gain (Loss) on Extinguishment of Debt | $355k | ($25k) | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $3k | $113k | $1.1m | $3.6m | $147k | $739k | $536k | $631k | $242k | ($1k) | |
| Operating Lease, Expense | — | — | — | — | $338k | $996.6m | $1.2b | $551.0m | $384.0m | $193.6m | |
| Other Nonoperating Income (Expense) | ($114k) | $82k | ($138k) | ($403k) | — | — | ($15.6m) | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | $2.1m | $15.9m | ($17.9m) | ($1.2m) | $2.0m | $2.1m | |
| Increase (Decrease) in Inventories | — | — | — | — | — | $96.1m | $5.3m | ($13.2m) | $5.3m | ($3.5m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | ($11.9m) | $28.4m | $1.5m | ($94k) | ($24.2m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($246k) | $52k | $317k | $72k | — | — | — | — | — | — | |
| General and Administrative Expense | $36.7m | $54.1m | $72.3m | $44.0m | $2.4m | $28.2m | $180.7m | $11.1m | $18.1m | $88.4m | |
| Goodwill | — | — | — | — | $72k | $72.0m | — | — | $72k | $72k | |
| Inventory Write-down | — | — | — | — | — | — | $16.8m | $194k | $2.6m | $5.6m | |
| Investment Income, Interest | $29k | $31k | $347k | $60k | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($9k) | $508k | $1.3m | $21.0m | — | — | — | — | $5.6m | $1.3m | |
| Operating Expenses | $89.2m | $124.8m | $133.3m | $65.0m | $2.9m | $62.4m | $204.0m | $19.0m | $28.6m | $100.9m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | ($13k) | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $154.3m | |
| Net loss | ($33.4m) | ($36.6m) | ($66.5m) | — | $4.4m | ($49.3m) | ($229.4m) | ($3.7m) | ($13.6m) | ($97.3m) | |
| Net loss from continuing operation | — | — | — | — | ($7.5m) | ($52.6m) | ($229.2m) | ($3.7m) | ($13.6m) | ($97.3m) | |
| Net gain from discontinued operation | — | — | — | — | $11.9m | $3.4m | ($261k) | — | $1k | — | |
| Accretion of finance leases | — | — | — | — | — | $152k | $75k | $32k | $6k | — | |
| Allowance for credit losses - accounts receivable | — | — | — | — | — | $963k | ($500k) | $451k | $196k | $1.6m | |
| Allowance for credit losses - other receivables | — | — | $81k | $146k | $158k | $269k | $170.8m | $228k | ($1.0m) | $51.2m | |
| Adjustments, total | — | — | — | $153k | $6.3m | $41.9m | $244.0m | $19.4m | $21.5m | $87.8m | |
| Accounts receivable | — | — | ($713k) | ($5.5m) | ($2.1m) | ($15.9m) | $17.9m | $1.2m | ($2.0m) | ($2.1m) | |
| Investment securities | — | — | — | — | — | — | — | ($307k) | ($9.4m) | $7.4m | |
| Other receivables | — | — | ($8.0m) | ($1.5m) | ($36.0m) | ($125.9m) | ($60.1m) | ($25.2m) | ($69.3m) | ($211.3m) | |
| Amount due from related parties | — | — | ($4.1m) | $3.3m | ($2.9m) | ($4.1m) | ($53.7m) | $29.5m | $29.7m | ($29.6m) | |
| Inventories | — | — | — | — | — | ($96.1m) | ($5.3m) | $13.2m | ($5.3m) | $3.5m | |
| Intangible assets | — | — | — | — | — | ($14.5m) | ($329k) | ($16.0m) | ($9.3m) | — | |
| Accrued liabilities | $847k | $22.1m | $36.2m | ($15.9m) | — | $19.8m | $1.1m | ($5.2m) | $6.3m | ($4.7m) | |
| Tax (recoverable)/payable | $4k | ($1k) | $911k | $3.2m | $292k | ($8.4m) | $3.6m | $1.2m | ($452k) | ($35k) | |
| Accounts payable | — | — | $7.0m | $3.9m | ($11.9m) | $28.4m | $1.5m | ($94k) | ($24.2m) | $6.8m | |
| Other payables | — | — | ($1.8m) | ($217k) | $1.5m | $5.0m | $5.8m | ($4.8m) | $4.4m | ($7.9m) | |
| Amount due to related parties | — | — | $7.5m | ($1.9m) | ($3.7m) | $868k | $607k | $998k | ($999k) | $1.0m | |
| Lease liabilities | — | — | — | — | — | — | $921k | ($544k) | ($377k) | $2k | |
| Repayment of principle portion of lease liabilities | — | — | — | — | — | ($1.8m) | ($768k) | ($288k) | ($288k) | $2k | |
| Proceed from share issuance, net of issuance costs | — | — | — | — | $3.6m | $585.8m | $18.5m | $17.9m | $24.8m | $15.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $338.0m | $259.5m | $279.2m | $228.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $34.7m | $17.6m | $24.6m | $15.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($16.0m) | $0 | $0 | ($38k) | |
| Cash Flow From Discontinued Operation | — | — | — | — | — | — | $4.9m | $0 | $0 | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Change In Account Payable | — | — | — | — | — | — | $1.5m | ($94k) | ($24.2m) | $6.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | $1.1m | ($5.2m) | $6.3m | ($4.7m) | |
| Change In Inventory | — | — | — | — | — | — | ($5.3m) | $13.2m | ($5.3m) | $3.5m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($329k) | ($16.3m) | ($18.6m) | $7.4m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $921k | ($544k) | ($377k) | $2k | |
| Change In Other Working Capital | — | — | — | — | — | — | $3.6m | $1.2m | ($452k) | ($35k) | |
| Change In Payable | — | — | — | — | — | — | $7.8m | ($3.9m) | ($20.9m) | ($68k) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $8.9m | ($9.1m) | ($14.6m) | ($4.7m) | |
| Change In Receivables | — | — | — | — | — | — | ($95.9m) | $5.4m | ($41.5m) | ($243.0m) | |
| Change In Working Capital | — | — | — | — | — | — | ($88.0m) | ($6.0m) | ($80.8m) | ($237.0m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $17.9m | $1.2m | ($2.0m) | ($2.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($49.3m) | $27.3m | ($48.4m) | ($230.7m) | |
| End Cash Position | — | — | — | — | — | — | $264.4m | $279.2m | $228.1m | $3.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $34.7m | $17.6m | $24.6m | $15.8m | |
| Free Cash Flow | — | — | — | — | — | — | ($88.9m) | $9.7m | ($72.9m) | ($246.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($16.0m) | $0 | $0 | ($38k) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $18.5m | $17.9m | $24.8m | $15.8m | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($16.0m) | $0 | $0 | ($38k) | |
| Other Non Cash Items | — | — | — | — | — | $152k | $75k | $32k | $6k | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $170.3m | $679k | ($848k) | $52.7m | |
| Purchase Of PPE | — | — | — | — | — | — | ($16.0m) | $0 | $0 | ($38k) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $14.7m | $7.3m | $7.7m | $7.2m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | $63k | — | ($1.1m) | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | ($5.1m) | ($7.0m) | ($15.1m) | ($978k) | $5.6m | $1.3m | |
| Net Cash Provided by (Used in) Operating Activities | ($26.7m) | ($5.7m) | ($36.6m) | ($14.9m) | ($43.6m) | ($218.6m) | ($72.9m) | $9.7m | ($63.6m) | ($246.5m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $109k | $144k | ($2.1m) | $10k | ($501k) | ($33.0m) | ($16.0m) | — | — | $38k | |
| Net cash used in investing activities from continuing operations | ($3.1m) | ($2.2m) | — | — | $3.5m | ($31.9m) | ($16.0m) | — | — | ($38k) | |
| Net cash used in investing activities from discontinued operation | — | — | — | — | ($501k) | ($1.1m) | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.1m) | ($2.2m) | ($2.8m) | ($2.0m) | $3.0m | ($33.0m) | ($16.0m) | — | — | ($38k) | |
| Cash flows from financing activities: | |||||||||||
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($768k) | ($288k) | ($288k) | $2k | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($768k) | ($288k) | ($288k) | $2k | |
| Long Term Debt Payments | — | — | — | — | — | ($1.8m) | ($768k) | ($288k) | ($288k) | — | |
| Repayment Of Debt | — | — | — | — | — | ($1.8m) | ($768k) | ($288k) | ($288k) | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $3.6m | $585.8m | $18.5m | $17.9m | $24.8m | $15.8m | |
| Common Stock Issuance | — | — | — | — | — | — | $18.5m | $17.9m | $24.8m | $15.8m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $18.5m | $17.9m | $24.8m | $15.8m | |
| Net cash generated from financing activities | $24.0m | $84.7m | — | — | $43.6m | $584.1m | $34.7m | $17.6m | $24.6m | $15.8m | |
| Net Cash Provided by (Used in) Financing Activities | $24.0m | $84.7m | — | — | $43.6m | $584.1m | $34.7m | $17.6m | $24.6m | $15.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | ($2.7m) | — | |
| EFFECT OF EXCHANGE RATES ON CASH | ($237k) | ($900k) | ($1.3m) | $521k | $683k | $1.8m | ($24.3m) | ($7.6m) | ($2.7m) | $5.8m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($24.3m) | ($7.6m) | ($2.7m) | $5.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($40.7m) | ($16.3m) | $3.7m | $334.3m | ($78.5m) | $19.7m | ($41.7m) | ($224.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $279.2m | $237.5m | — | |
| NET CHANGES IN CASH AND CASH EQUIVALENTS | ($5.3m) | $77.9m | ($40.7m) | ($16.3m) | $3.7m | $334.3m | ($78.5m) | $19.7m | ($41.7m) | ($224.9m) | |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | $31.7m | $109.6m | $68.9m | $52.5m | $41k | $338.0m | $264.4m | $259.5m | $279.2m | $3.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($78.5m) | $19.7m | ($51.0m) | ($224.9m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $172k | — | — | — | — | — | — | |
| Cash paid for income tax | $7k | $675k | — | $125k | $2.0b | $3.5m | $1.0m | $684k | $12k | $6k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.