SOCIETY PASS INCORPORATED.
SOPAQ · Services-Business Services, NEC · 6.1M shares · -35%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$3M (gross $786K, SBC $4M)
Reference price $29,356.36 · est. market cap ~$179.2B — last insider sale, 2025-02-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D45gen composite 42pct→63; net margin <-100%; net + operating loss
Notable findings
- Debt accelerationRecent 8-K item 2.04 8-K ↗
- BankruptcyRecent 8-K item 1.03 8-K ↗
- Weak liquidityCurrent ratio 0.62 (<1)
- Net lossNet loss (net margin -143.9%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Buying back stockNet buyback — share count -35%/yr over 3y
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
- Notable holderHeld by 2 notable fund(s): CITADEL ADVISORS LLC, STATE STREET CORP (as of 2026-03-31)
- Revenue declineRevenue -17.6% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
26.2%
Operating margin
-131.2%
Net margin
-143.9%
Return on equity
478.2%
Return on assets
-48.1%
Revenue growth (QoQ)
-17.6%
Current ratio
0.6×
Free cash flow
$2M
EBITDA
-$9M
Tangible book value
-$8M
Cash & investments
$8M
Stock comp / revenue
11.3%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Chief Executive Officer | Officer | — |
| Chief Financial Officer | Officer | — |
| Chief Marketing Officer | Officer | — |
| Chief Operating Officer | Officer | — |
| Chief Technology Officer | Officer | — |
| Former | Officer | — |
| Howie Ng Kar How | Officer | — |
| Patrick Soetanto | Officer | — |
| Raynauld Liang | Officer | — |
| Rokas Sidlauskas | Officer | — |
| Tan Yee Siong | Officer | — |
| Jeremy Miller | Director | — |
| John Mackay | Director | — |
| Linda Cutler | Director | — |
| Loic Gautier | Director | — |
| Mark Carrington | Director | — |
| Michael Dunn | Director | — |
| Michael Freed | Director | — |
| Tan Bien Kiat | Director | — |
| Travis Washko | Director | — |
| Vincent Puccio | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Auditor changeExhibits | filing ↗ |
| 2026-05-20 | Delisting notice | filing ↗ |
| 2026-05-14 | BankruptcyDebt accelerationOther | filing ↗ |
| 2026-04-21 | Delisting noticeExhibits | filing ↗ |
| 2026-04-15 | Other | filing ↗ |
| 2026-03-27 | Delisting notice | filing ↗ |
| 2026-02-13 | Material agreementOtherExhibits | filing ↗ |
| 2026-02-06 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-02 | 0001493152-26-027671 ↗ |
| 8-K | 2026-05-20 | 2026-05-14 | 0001493152-26-024495 ↗ |
| 8-K | 2026-05-14 | 2026-05-12 | 0001493152-26-023162 ↗ |
| 8-K | 2026-04-21 | 2026-04-16 | 0001493152-26-018364 ↗ |
| 8-K | 2026-04-15 | 2026-04-09 | 0001493152-26-016817 ↗ |
| 8-K | 2026-03-27 | 2026-03-26 | 0001493152-26-013207 ↗ |
| 8-K | 2026-02-13 | 2026-02-11 | 0001493152-26-006687 ↗ |
| 8-K | 2026-02-06 | 2026-02-05 | 0001493152-26-005614 ↗ |
| 8-K | 2026-01-21 | 2026-01-19 | 0001493152-26-003083 ↗ |
| 8-K | 2026-01-06 | 2026-01-06 | 0001493152-26-000606 ↗ |
| 8-K | 2025-12-31 | 2025-12-29 | 0001493152-25-029835 ↗ |
| 8-K | 2025-12-29 | 2025-12-22 | 0001493152-25-029418 ↗ |