Net revenue for the six months ending June 30 dropped to $48.8 million, down 45.5% from $85.6 million in the previous year. The company attributed this contraction to a deliberate scaling back of operations amid a global economic slowdown and weakened domestic demand. Commodities trading remains the company’s primary revenue driver, accounting for 97.6% of total income, while hosting services and other activities contributed only 2.4% combined.
In section Releases
SOS Limited Reports Sharply Higher Net Loss Despite Cash Position Boost
New York-based SOS Limited reported a net loss of $34.5 million for the first half of 2026, a 142.8% increase compared to the same period last year. While the company struggled with declining revenues, it ended the period with a significantly strengthened cash position of $231.9 million.
Despite the deepening loss, the company’s cash reserves surged from $3.2 million at the start of the year to $231.9 million by June 30. This liquidity spike was driven largely by the recovery of $222.2 million in other receivables. Management noted that they intentionally tightened profit margins during the period to retain existing customers and defend market share in a volatile environment. Operating costs decreased by 42.2% to $52.5 million, reflecting a reduction in mining machine depreciation and overall business activity, though the firm faced impairment charges totaling $27.4 million.
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