SOS Ltd (SOS) Form 6-K — Oct 7, 2026
SOS Limited reported H1 2026 revenue of $48.8 million, down 45.5% from $89.6 million a year earlier, with net loss widening to $34.5 million from $14.2 million. The loss was driven largely by a $27.4 million unrealized fair value loss on its Bitcoin and Ethereum holdings under ASU 2023-08, while commodity trading revenue fell $37.3 million on weak China demand. The company ended June 30, 2026 with $231.9 million in cash, up from just $3.2 million at year-end 2025, primarily from recovery of $228.0 million in other receivables — not from operating profitability. Gross margin remained negative at -7.5%, and cryptocurrency mining stayed suspended during the period.
Key figures
- Revenue
- 48825000
- Revenue Yoy
- -45.5%
- Total Assets
- 440744000
- Cash Position
- 231895000
- Gross loss ratio
- -7.5%
- Digital assets held
- 802.77 BTC (~$47.1M) and 2,949.79 ETH (~$4.6M)
- Prior period revenue
- 89595000
- Sept15 placement gross
- 3420000
- Sept24 placement gross
- 12000000
- Hosting services revenue
- 950000
- Other receivable recovery
- 228000000
- Commodities trading revenue
- 47663000
- Digital assets fair value loss
- 27376000
AI analysis
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