SOS Ltd Posts $98.6M Operating Loss in 2025, Revenue Drops Amid Asset Impairments
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SOS Limited reported significantly deteriorated financial results for the full year 2025, with total revenue declining to $154.3 million from $231.4 million in 2024. The company recorded a substantial operating loss of $98.6 million, a sharp increase from the $21.6 million loss in the prior year, leading to a GAAP EPS of $(6.0184). This massive loss was primarily driven by a surge in general and administrative expenses, which included an $11.6 million impairment for mining machines, a $6.7 million impairment of cryptocurrencies, and a concerning $46.9 million allowance for credit losses in other account receivables. The company also fully discontinued its cryptocurrency mining operations in 2025, shifting focus to hosting services, which generated only $7.5 million in revenue. These results indicate severe financial challenges and asset quality concerns, which are highly material for the company. Investors will be closely watching for any strategies to reverse these losses and address the significant credit loss allowances.
At the time of this announcement, SOS was trading at $1.10 on NYSE in the Trade & Services sector, with a market capitalization of approximately $35.6M. The 52-week trading range was $0.90 to $9.62. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: PR Newswire.