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SOS Limited Reports 2026 Interim Financial Results

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NEW YORK, Oct. 7, 2026 /PRNewswire/ — SOS Limited (“SOS” or the “Company”) (NYSE: SOS) today reported its interim financial results for the six-months ended June 30, 2026.

In compliance with the New York Stock Exchange rules, the Form 6-K is available on the Company’s website athttp://www.sosyun.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete unaudited interim financial statements furnished to the SEC. To request a hard copy of the Company’s unaudited interim financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows ir@sosyun.com 

Interim Financial Results from Operations

Six months ended June 30, 2026 compared to June 30, 2025

Revenue

As of June 30, 2026, SOS focuses on three product and service lines including Commodities Trading, Hosting Services and Others. Commodities Trading contributes 97.6% of the total revenue, 2.0% from Hosting Services and 0.4% from Others.

Six months ended
June 30, 2026

Revenue by Products and Services

US$

Percentage

Commodity Trading

47,663

97.6

%

Hosting Services

950

2.0

%

Others

212

0.4

%

Total revenue -net

$

48,825

100

%

Six months ended
June 30, 2025

Revenue by Products and Services

US$

Percentage

Commodity Trading

85,011

94.9

%

Hosting Services

3,850

4.3

%

Others

734

0.8

%

Total revenue -net

$

89,595

100

%

 

Net revenue was $48.8 million, down 45.5% from $85.6 million period-over-period. This decrease was primarily attributable to two factors: (1) the global economic slowdown prompted us to deliberately scale back business activities in the first half of the year, in line with our plan; and (2) weakening domestic demand dampened our business and impeded our operations. 

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(US$ thousands, except share data and per share data, or otherwise notes)

Six months ended

June 30,

2025

June 30,

2026

US$

US$

Revenue

89,595

48,825

Operating costs

(90,904)

(52,498)

Gross loss

(1,309)

(3,673)

Gross loss ratio

(1.5)

%

(7.5)

%

Revenue and Service by Products

Six months ended
June 30, 2025

Six months ended
June 30, 2026

Revenue by Products and Services

US$

Percentage

US$

Percentage

Commodity Trading

85,011

94.9

%

47,663

97.6

%

Hosting Services

3,850

4.3

%

950

2.0

%

Others

734

0.8

%

212

0.4

%

Total

89,595

100

%

48,825

100

%

Operating Costs and Expenses

Operating costs were $52.5 million, decreased 42.2% period-on-period from $90.9 million in the six months ended June 30, 2025 which is consistent with our revenue decrease. Operating costs comprised of depreciation of hardware, electricity power and depreciation from property equipment for cryptocurrency mining as well as costs of goods sold & warehouse rental for commodity trading.

Selling Expenses

Selling expenses mainly relate to our commodity business and include freight-out expenses, custom clearing agency fee, warehouse rental expense, promotional expense, sales commission and payroll expenses to sales team. Selling expenses increased to $2.6 million from $2.3 million for the six months ended June 30, 2025 mainly attributable to the higher transportation costs.

General and Administrative Expenses

General and administrative expenses were $6.0 million, 36.0% down period-on-period from $9.4 millionin the six months ended June 30, 2025. The decrease was mainly due to the fact that no depreciation expense of mining machines is recorded for them in this period. 

Net Loss

GAAP net loss was $34.5 million, compared to a net loss of $14.2 million at the end of the six months ended June 30, 2025, representing an increase of 142.8%. We concluded the period with a gross margin of -7.5%. Amid challenging market conditions, we proactively lowered our profit margin to retain existing customers and maintain market share — trading price for volume and building a foundation for future business.

Income Tax

The Company paid $666 of corporate income tax for the current period as compared to $3,000 at the end of the six months ended June 30, 2025.

GAAP net loss attributable to ordinary shareholders was $34.4 million, as compared to a net loss of $14.2 million in the six months ended June 30, 2025.

GAAP Basic EPS was $(2.13) per share, as compared to $(2.09) per share in the six months ended June 30, 2025.

Cash Flow

Six

months
ended

Six

months
ended

2025

2026

Net cash (used in)/generated from operating activities

(240,366)

223,724

Net cash used in investing activity

–

–

Net cash generated from/(used in) financing activities

6,817

(2)

Effect of exchange rates on cash

228

4,941

 

Six months

Six months

ended

ended

June 30,

June 30,

2025

2026

Unaudited

Unaudited

US$

US$

Cash flows from operating activities:

Net loss

(14,216)

(34,520)

Adjustments:

Depreciation and amortization

4,871

348

Share-based compensation

1,893

1,990

Amortization of right of use assets

–

2

Disposition of NCI

6,240

–

Impairment of intangible assets

–

27,376

Allowance for credit losses – accounts
receivable

–

924

Allowance for credit losses – other

receivable

–

1,644

Inventory impairment

–

(5,843)

Operating cash flows before

movements in working capital

(1,212)

(8,079)

Changes in working capital:

Inventory

1,233

6,181

Accounts receivable

(780)

(555)

Trading financial assets

–

999

Other receivables

(250,915)

222,842

Amount due from related parties

(16)

(935)

Accrued liabilities

6,916

9,388

Accounts payable

813

(7,303)

Tax payable

(55)

(1)

Other payables

3,650

1,187

Net cash used in operating activities

(240,366)

223,724

Cash flows from financing activities:

Repayment of principle portion of

lease liabilities

–

(2)

Proceeds from share issuance, net of
issuance costs

6,817

–

Net cash generated from financing

activities

6,817

(2)

Net (decrease)/increase on cash and

cash equivalents

(233,549)

223,722

Cash and cash equivalents at beginning
of the period

237,484

3,232

Effect of exchange rates on cash and

cash equivalents

228

4,941

Cash and cash equivalents at end of the
period

4,163

231,895

Supplemental cash flow information

Cash paid for income tax

3

6

Cash Flow Used in Operating Activities

As of June 30, 2026, the Company held $231.9 million in cash and cash equivalents, an increase of $228.7 million from the prior year. The majority of this increase stems from the recovery of USD 222.2 million in other receivables.

Cash Flow Used in Investing Activity

The Company experienced nil investing activity for this period.

Cash Flow Used in Financing Activities

The Company has no significant financing activities for the six months ended June 30, 2026.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing solution provider. SOS is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security and insurance in the future. Since April 2021, we launched commodity trading via our subsidiary SOS International Trading Co. Ltd and Weigou International Trading Co Ltd. Major trading commodity includes mineral resin, soy bean, wheat, sesame, liquid sulfur, petrol coke and latex etc. For more information, please visit: http://www.sosyun.com/.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. SOS cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Words such as “may,” “can,” “should,” “will,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target,” “look” or similar expressions may identify forward-looking statements. Specifically, forward-looking statements may include statements relating to the Company’s:

ability to execute its business plan;changes in the market for SOS’ products and services; andexpansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

US government’s policies and regulatory oversight of crypto-currency mining operation and our other operations;SOS’s cryptocurrency mining, commodity trading and marketing solutions businesses are still under development, with many uncertainties in integration of these various business segments;Failure to manage the newly launched commodities trading business effectively;Loss of key customers in the commodity trading business;failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS’s mining activities;shortages in, or rises in the prices of mining machines may adversely affect the Company’s business;any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation;security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; andother risks and uncertainties indicated in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS.

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

View original content:https://www.prnewswire.com/news-releases/sos-limited-reports-2026-interim-financial-results-302901291.html

SOURCE SOS Ltd.

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Before You Take That Job or Stay Put, New Data Reveals if Women Actually Get Promoted There

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Free new database gives women X-ray vision into whether every major U.S. company promotes women equally — rankings from real workforce numbers.

ATLANTA, Oct. 7, 2026 /PRNewswire/ — Every working woman has asked herself the same quiet question: do women actually get ahead here? Until now, the only way to answer it was to take the job and wait years to find out. Now the answer takes about thirty seconds. Type nearly any major U.S. employer’s name into a free public site recently launched by data scientists and funded by the Women Leaders Association, and see its Glass Ceiling Score: a simple measure of whether women there rise into management and executive jobs at the same rate as men, calculated from the company’s actual workforce numbers — not its recruiting brochure.

Think of it as a Glassdoor for promotions. Before accepting an offer, before asking for a raise or a bigger role, before believing a Careers page that promises “women thrive here,” a woman can check what the numbers say — about the company courting her, and about the one she works for now. Women earn roughly 15 percent less than men on average, Pew Research estimates, and that gap usually starts with who gets picked for management. Pay gets measured constantly; promotion almost never — until now.

Two scores, built from the numbers companies cannot massage

By analyzing each employer’s workforce counts by gender and job title, the team developed two metrics:

The Glass Ceiling Score measures whether women advance into executive roles at the same rate as men.

The Management Entry Score measures whether women reach first-level management at comparable rates — the rung where research shows most careers stall.

Anyone can look up a company at no cost and see both scores, compare employers within an industry, and drill down by metro area and state, where the tool ranks the major employers in each market and highlights the top performers.

“Women have been told for fifty years to try harder, negotiate harder, and find a mentor. The missing piece was never effort — it was information,” said Lydia Price, 2026-2027 Volunteer Chair of the Women Leaders Association. “When a woman can compare how her employer advances women on average in comparison to men on average it changes the entire frame of reference, the conversation changes from trust us to show me.” The companies that excel in promoting women equally into management also receive Top Women’s Workplace awards at the chapter and national levels.

Who the data serves

Women entering the workforce or considering offers can identify employers with strong advancement records. Current employees can benchmark their own company and bring data to promotion and career-development conversations. Consumers and investors can direct support toward companies with fair practices, and corporate leaders can see — often for the first time — how their promotion patterns compare with competitors’.

Building on a decade of gender-equality research

The Glass Ceiling Score stands on the shoulders of a decade of important, groundbreaking work. The Economist’s influential Glass Ceiling Index (https://www.economist.com/interactive/graphic-detail/glass-ceiling-index) has put the issue on the global agenda by ranking conditions for working women annually — though at the country level, not by employer. The Bloomberg Gender-Equality Index (https://www.bloomberg.com/company/press/bloomberg-2023-gei/) helped set early standards for corporate transparency, tracking several hundred public companies that self-reported through voluntary disclosure. Forbes’ widely read Best Employers for Women list (https://www.forbes.com/lists/top-companies-women/) surveys employees at a few hundred large firms each year, and The Times and Business in the Community’s respected Top 50 Employers for Gender recognizes UK organizations that apply for consideration.

The Glass Ceiling Score builds from that and goes further on every dimension: it covers far more companies, publishes an individual score by company rather than a limited list of a few hundred, offers location-level drill-downs, and rests on unambiguous workforce statistics rather than surveys, self-disclosure, or applications. And because every score is computed directly from actual workforce data without remuneration, sponsorships, payments, and public relations cannot influence a company’s result — and no employer can opt out of being measured.

“Earlier indexes did pioneering work, but each could only cover the companies that participated or made a short list. We measured everyone,” Price said. “If an employer promotes women fairly, the data will celebrate it. If it doesn’t, the data will say that too — and for the first time, a woman gets to see it before she signs the offer letter.”

What comes next

The initial release covers most major U.S. employers, with expansion planned across Europe and Asia. Future versions will add deeper demographic analysis, including promotion-fairness scoring for women of color and other underrepresented groups. The project was funded by the Women Leaders and organizers expect additional women’s foundations and equal-pay philanthropists to support the effort, with the goal of keeping the platform permanently free to women worldwide.

The tool is available now at https://WomanLeaders.org/r/GlassCeiling

About the Women Leaders Association

The Women Leaders Association is a non-profit committed to the development and advancement of women in the corporate arena, with chapters in most major U.S. cities. The tool includes analysis by key metros and states, with rankings of the major employers in each, including Chicago, Philadelphia, New York, Boston, Denver, Washington, Dallas, Houston, San Diego, Los Angeles, Seattle, Charlotte, Minneapolis, Atlanta, Milwaukee, Cleveland, Nashville, Detroit, San Antonio, Cincinnati, Omaha, St. Louis, San Francisco, Salt Lake City, Indianapolis, Grand Rapids, Phoenix, Portland, Miami, Austin, Baltimore, Tampa, Orlando, Hartford, Raleigh, Louisville, Pittsburgh, Norfolk, Richmond, Kansas City, Las Vegas, Greensboro, Memphis, Oklahoma City, Columbus, Tulsa, Sacramento, Jacksonville, Birmingham, Albuquerque, Rochester, Boise, Knoxville, New Orleans, Buffalo, Baton Rouge, Charleston, Spokane, El Paso, Chattanooga, Little Rock, Greenville, Providence, Springfield, Honolulu, Madison, Columbia, Tucson, Stockton, Des Moines, Syracuse, Harrisburg, Jackson, Bakersfield, Akron, Wichita, and Augusta, plus most states including California, Texas, Florida, and New York.

Media Contact:

Lydia Price
2026-2027 Volunteer Chair, Women Leaders Association
Lydia@WomanLeaders.org 678-427-6771

View original content to download multimedia:https://www.prnewswire.com/news-releases/before-you-take-that-job-or-stay-put-new-data-reveals-if-women-actually-get-promoted-there-302901729.html

SOURCE Women Leaders Association

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Orca and Loopscale Merge to Build Capital Markets for AI and the Frontier Economy

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Operating as Formation, the combined team brings together two leading crypto platforms spanning trading, credit and vault infrastructure to expand access to capital across AI, robotics and other frontier industries.

NEW YORK, Oct. 7, 2026 /PRNewswire/ — Orca and Loopscale today announced their merger, bringing together Orca’s trading and liquidity infrastructure with Loopscale’s credit and vault infrastructure. The combined team will operate as Formation, led by Loopscale co-founder Luke Truitt as CEO. Formation aims to give emerging assets a path from issuance to financing and liquidity, while expanding the range of assets and strategies available to capital allocators. Both the Orca and Loopscale protocols will remain the foundation of the ORCA and xORCA token network. Formation will build new, unified capabilities across origination, vault strategies, and distribution, building on the existing protocols.

Closing the gap between capital and innovation

AI, energy, robotics and defense companies are driving a new wave of capital demand. Apollo estimates that nearly $3 trillion will be needed for AI infrastructure alone through 2028.

Many of the companies behind that demand do not fit neatly into traditional capital market boxes, where fixed underwriting, legal, servicing and distribution costs favor larger, standardized deals.

Formation broadens access to capital by reducing the cost and complexity of structuring, distributing and financing assets.

“The frontier economy is creating new business models and financing needs more rapidly than traditional market infrastructure is evolving to serve them,” said Luke Truitt, CEO of Formation. “Every major technological revolution has been paired with a financial one. We’re at an inflection point that requires capital markets to keep pace with the industries reshaping the economy.”

Built on proven infrastructure

Orca has processed more than $550 billion in trading volume since 2021. Loopscale has more than $150 million in deposits and has facilitated more than $2 billion in loans. Together, they bring a battle-tested platform and decade of operating history across trading, credit and vault strategies.

“Orca has spent years building deep liquidity, and we’ve seen firsthand that liquidity alone isn’t enough to scale an asset,” said Christopher Montagano, Chief Strategy & Legal Officer of Orca. “The greater challenge is building the credit and distribution those assets need to grow, and Orca and Loopscale built complementary pieces of that infrastructure. Together, we can give issuers a complete path from launch to long-term market adoption.”

Powering the next capital formation cycle

Formation is building across origination, issuance, liquidity, credit and distribution, with a path into regulated U.S. capital markets. Over the next 12 months, the team plans to introduce new tools for issuers and capital allocation strategies alongside its existing trading, lending and vault offerings.

Formation is already working with Figure, Shinhan Asset Management, Superstate, R3 and Securitize to bring new assets to market and expand distribution.

“Having originated over $30 billion of credit onchain and scaled tokenized products to more than $650 million in DeFi, we know how much high-quality distribution partners matter for growth,” said Reid Simon, President of Digital Assets at Figure Technology Solutions, Inc. “We’ve worked closely with both the Orca and Loopscale teams over the past year, and are excited by what the unification of trading, credit and vault strategies will unlock for tokenized asset growth.”

Formation’s leadership includes Luke Truitt as Chief Executive Officer, Mary Gooneratne as Chief Operating Officer, and Christopher Montagano as Chief Strategy & Legal Officer.

About Orca

Orca is a decentralized exchange on Solana, providing trading infrastructure for digital assets. Since 2021, it has processed more than $500 billion in trading volume. Learn more at orca.so.

About Loopscale

Loopscale is a credit and vault infrastructure platform with more than $150 million in deposits and over $2 billion in loans facilitated across a broad range of markets. Learn more at loopscale.com.

About Formation

Formation is building capital markets for the frontier economy. Established through the merger of Orca and Loopscale, it brings together trading, credit and capital allocation infrastructure. Learn more at formation.so and join the conversation on X.

Forward-Looking Statements

This release contains forward-looking statements, including regarding planned products and the expected benefits of the merger. Actual results may differ materially. Planned products are subject to applicable legal and regulatory requirements and may not be available in all jurisdictions or to U.S. persons. Nothing in this release is an offer to sell or a solicitation of an offer to buy any security or other financial product, or investment, legal or tax advice.

Media
press@formation.so

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SOURCE Orca Management Company S.A.

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Nuix Neo Generative AI Framework

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Governed, Enterprise-Grade Gen-AI Orchestration Layer for Unstructured Data Intelligence

SYDNEY, Oct. 7, 2026 /PRNewswire/ — Nuix (ASX: NXL) announces the Nuix Neo Generative AI (Gen AI) Framework, which directly addresses the governance, confidence, and auditability concerns that have limited the use of large language models (LLMs) and Gen AI in high-stakes legal, risk and investigation matters.

Nuix Neo’s Gen AI Framework is a governed orchestration layer for putting Gen AI to work on organisations’ structured and unstructured data, with the auditability, guardrails and cost control that enterprise use demands. It brings together audit-grade telemetry and policy-enforced guardrails to support evidentiary integrity and corporate usage controls for LLMs. It monitors and meters token usage to prevent runaway token costs as well as intelligently managing the context window to ground answers and strengthens the reliability of AI outputs.

The framework enables the responsible, auditable connection of a customer’s selected LLM to enterprise data that is forensically and defensibly curated by the Nuix Neo platform. The Nuix Neo platform leverages over 25 years of R&D to deliver forensic-grade processing of an organisation’s unstructured data and in doing so, provides a curated and forensically defensible data intelligence layer relied upon by hundreds of the world’s most high-profile and high-stakes organisations. The Nuix Neo Gen AI Framework leverages this data intelligence layer and further tailors the experience to operationalise the application of customers’ selected LLMs, for the kind of responsible and auditable application of Gen AI demanded by high-stakes organisations. 

Under the Nuix Neo Gen AI Framework, customers retain the flexibility to choose the LLM and provider that best suits their requirements, with that flexibility designed to support the customers’ choice of strategic goals, business objectives and innovation appetite. Nuix provides the governance framework that securely connects that model to the curated data intelligence layer delivered by the patented data processing engine in the Nuix Neo platform.

This enabled the LA County District Attorney’s Office, for example, to select the AI models best suited to their business and then seamlessly integrate them into their Nuix Neo workflows.

Powerful application of the Nuix Neo Gen AI Framework

The Nuix Neo Gen AI Framework supports the delivery of two powerful capabilities known as Nuix Neo BYO AI and the Nuix Neo AI Agent, both of which leverage the framework’s comprehensive enterprise–grade infrastructure to operationalise LLMs in a manner demanded by high-stakes organisations.

Nuix Neo BYO AI

Nuix Neo BYO AI leverages the Nuix Neo Gen AI Framework and further tailors it to enable thorough AI analysis across every item in a dataset. Rather than relying on other approaches that prioritise or sample subsets, it applies repeatable workflows to systematically processevery item and then crafts structured reports, with links back to source items and citations for rapid and forensically defensible action, all the while providing clarity and control over key issues like token usage.

“With Nuix Neo’s latest AI, we can move quickly to implement targeted solutions to digital evidence challenges and investigative bottlenecks, while satisfying our unique compliance needs. Being able to leverage the latest AI advancements while staying confined within our own environment is an accelerator,” said Donn Hoffman, Chief Privacy Officer and Deputy District Attorney at Los Angeles County District Attorney’s Office.

Nuix Neo Agentic AI

The Nuix Neo AI Agent, a conversational investigation capability built on the Gen AI Framework, is available for Early Adopter participants, via the Nuix Responsible Innovation Framework. The AI Agent extends the Nuix Neo platform, allowing analysts to interrogate their data with reasoning across text, metadata, and images, with access to the full power of Nuix’s APIs, including enhanced context from a curated knowledge graph, in a consistent, auditable way. The AI Agent is fully integrated into Nuix Neo, allowing analysts to follow any lead, in a fully managed, controlled and secured fashion.

In addition to Nuix Neo’s powerful data processing and deterministic AI capabilities, the Gen AI capabilities provide flexibility and choice to customers to apply the most appropriate tool for solving enterprise use cases. Like Nuix Neo BYO AI, the AI Agent operates on that curated, forensically processed dataset in the Nuix Neo platform. As with any Gen AI capability, outputs remain probabilistic and must be verified against source material and are intended to support, not replace, the judgement of qualified investigators, analysts, reviewers, and legal professionals.

Organisations interested in the Nuix Neo Responsible Innovation Framework program, or in seeing the Gen AI Framework in action, can contact their Nuix representative or visit nuix.com/nuix-neo for more information.

About Nuix
Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review large amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.
For further information, please visit nuix.com

View original content:https://www.prnewswire.com/news-releases/nuix-neo-generative-ai-framework-302901740.html

SOURCE Nuix

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