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Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

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Home›Coverage›SOPAQ
On this page
OverviewFinancialsValuationQualitySmart moneyTimelineFilings

SOPAQSOCIETY PASS INCORPORATED.

Avoid
$0.03
▲ 0.00%
Rating
Avoid
Quality
D
Valuation
Fair value
Filings
Flagged
How to read this →
AvoidConservative balance sheet (liabilities/equity -11.08x); but revenue fell -13.0% YoY.Revenue (FY2024) $7.11MFull call ↓
$0.03▼ -97.76%
over 1Y
L $0.03H $5.30
Our buy Our hold Our sell Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today
+0.0%
1W
-33.5%
1M
-42.3%
3M
-92.1%
YTD
-99.2%
1Y
-97.8%
OverviewFinancialsValuationQualitySmart moneyTimelineFilings
Avoid
Conviction
Horizon
Medium (3–12mo)

Conservative balance sheet (liabilities/equity -11.08x); but revenue fell -13.0% YoY.

Revenue (FY2024) $7.11M · FY2024

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow SOPAQ (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

SOCIETY PASS INCORPORATED. shows $7.11M in FY2024 revenue (-13.0% YoY), a -143.9% net margin.

Supporting the case: conservative balance sheet (liabilities/equity -11.08x).

Is SOPAQ a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread (caution)~60d expiry
  • Long put 0 @ ~0.00 est
  • Short put 0 @ ~0.00 est
debit $0max +$0max $0

AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.

Open in the calculator →
Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financialsannual, by fiscal year

Line itemFY20FY21FY22FY23FY24
Revenue——$5.64M$8.17M$7.11M
Gross profit-$36.2K-$191K$967K$2.47M$1.86M
Operating income-$3.75M-$34.2M-$34.2M-$18.0M-$9.32M
Net income-$3.83M-$34.9M-$33.8M-$18.1M-$10.2M
Diluted EPS-$0.56-$3.68-$1.38-$9.39-$3.45
Net margin——-599.5%-221.9%-143.9%

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value-$7.25M
EV / EBITDA—
EV / Sales-1.0
EV / FCF-3.0
P / FCF0.1
PEG (trailing)—
Earnings yield-2890.3%
FCF yield690.6%

Quality & risk

ROIC (est.)—
Free cash flow$2.44M
Total debt$28.2K
Net cash$7.60M
Altman Z-Score-8.84 distress
Piotroski F-Score4/8

Capital returns

Buyback yield222.0%
Dividend yield (est.)—
Shareholder yield222.0%
Shares Δ YoY-86.8%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timelineSEC · 8-Ks + reports

Red flag in recent filings — listing-standards notice (2026-05-20). Worth a closer look.
  1. 8-K Auditor change2026-06-08
  2. 8-K Listing-standards notice2026-05-20
  3. 8-K Bankruptcy2026-05-14
  4. 8-K Listing-standards notice2026-04-21
  5. 8-K Other event2026-04-15
  6. NT 10-K Late filing notice2026-03-31
  7. 8-K Listing-standards notice2026-03-27
  8. S-1/A Securities registration2026-02-06
  9. S-1 Securities registration2026-02-05

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-022026-06-08open ↗8-KPeriod ending 2026-05-142026-05-20open ↗8-KPeriod ending 2026-05-122026-05-14open ↗8-KPeriod ending 2026-04-162026-04-21open ↗8-KPeriod ending 2026-04-092026-04-15open ↗NT 10-KPeriod ending 2025-12-312026-03-31open ↗8-KPeriod ending 2026-03-262026-03-27open ↗S-8Filing2026-03-03open ↗8-KPeriod ending 2026-02-112026-02-13open ↗424B4Filing2026-02-13open ↗EFFECTFiling2026-02-11open ↗S-1/AFiling2026-02-06open ↗

Quality score

D
ValueGrowthProfitHealthMom.
ValueA+
GrowthC
ProfitabilityF
Financial healthF
MomentumF
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
0.0352-week5.30
Revenue
$7.11M
-13.0% YoY
Net margin
-143.9%
ROE
—
P/E
—

SEC fundamentals · FY 2024

'20'21'22'23'24

■ revenue · ■ net income, by fiscal year

Revenue$7.11M-13.0%
Net income-$10.2M+43.6%
Gross profit$1.86M-24.6%
Operating income-$9.32M+48.1%
Diluted EPS-$3.45+63.3%
Cash & equivalents$7.63M+110.3%
Total assets$21.3M+30.0%
Total liabilities$23.7M+109.0%
Stockholders' equity-$2.14M-140.3%
Gross: 26.2%Op.: -131.2%L/E: -11.08x

Frequently asked

Is SOCIETY PASS INCORPORATED. (SOPAQ) a buy?
SOPAQ currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -11.08x); but revenue fell -13.0% YoY.
What is SOCIETY PASS INCORPORATED.'s quality score?
SOPAQ scores 41.20796359499431/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001817511, latest 10-Q filed 2025-11-14) · EODHD · as of 7/11/2026, 9:54:00 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 11, 2026, 5:54 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Intraday
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
Intraday
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%
NVDA$210.96▲4.03%AAPL$315.32▼0.28%GOOGL$357.18▼0.48%GOOG$355.03▼0.34%MSFT$385.10▲0.19%AMZN$245.34▼0.69%TSM$434.11▼0.65%SPCX$145.30▼4.51%AVGO$399.97▼0.28%META$669.21▲5.97%TSLA$407.76▲0.30%MU$979.30▼1.24%LLY$1,188.58▼2.33%BRK-B$493.71▼0.35%BRK-A$739,750.00▼0.17%JPM$336.47▲0.30%WMT$113.90▲1.51%AMD$557.89▲2.04%ASML$1,797.32▼0.38%V$348.97▲0.22%JNJ$256.98▼0.82%XOM$138.88▲1.03%INTC$109.84▼2.40%AMAT$602.50▲2.35%CSCO$121.31▲2.54%MA$526.74▲0.68%LRCX$350.33▼0.80%ABBV$248.08▼0.73%CAT$952.41▲1.49%BAC$59.67▲0.71%

Insider activityForm 4 · SEC

all insiders →
2025-02-03
Dunn Michael Paul JR
Director
Selldiscretionary
10.7K @ $29,356.36$315M
2025-02-03
Dunn Michael Paul JR
Director
Buy
12.0K @ $28,920.00$347M
2024-09-30
Dunn Michael Paul JR
Director
Award
509.00 @ $468.28$238K
2024-08-28
Dunn Michael Paul JR
Director
Award
4.00K @ $4,240.00$17.0M
2024-08-20
Dunn Michael Paul JR
Director
Award
4.00K @ $4,038.99$16.2M
2024-08-20
Dunn Michael Paul JR
Director
Award
1.00 @ $1.04$1.04
2023-08-02
Nguyen Dennis Luan Thuc
Chief Executive Officer
Gift
1.55M

ETF ownershipForm N-PORT · SEC · quarterly

VXFVanguard Extended Market ETF0.00%$30.6K

Weight = the ETF’s percent of assets in SOPAQ, as of each fund’s latest public N-PORT (period end 2026-03-31) — a delayed, roughly quarterly snapshot filed ~2 months after the period, not a live position.

Fails-to-deliver

SEC · settled 2026-06-10
9.70Kshares failed to deliver1.1× median

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

Filing red flags

SEC · 8-K / 10-K / 10-Q
2026-06-08Auditor change8-KFiling ↗

Auditor changes (8-K Item 4.01) and restatements (Item 4.02) are verified against the filing’s tagged items; going-concern flags key on the “substantial doubt” disclosure phrase in a 10-K/10-Q — review the filing itself. Source: SEC EDGAR (public domain).

SEC correspondence

SEC · UPLOAD / CORRESP
2025-12-29Company responseCORRESPFiling ↗
2025-12-16Company responseCORRESPFiling ↗
2025-12-16Company responseCORRESPFiling ↗
2025-12-15Company responseCORRESPFiling ↗
2025-12-15Company responseCORRESPFiling ↗
2025-12-15Company responseCORRESPFiling ↗
2025-12-15Company responseCORRESPFiling ↗
2025-12-11Company responseCORRESPFiling ↗

SEC staff comment letters (UPLOAD) questioning the company’s disclosures and its written responses (CORRESP), from the SEC’s filing review. Reviews are routine and this is not an assertion of wrongdoing; correspondence is released about 20 business days after a review concludes, so dates reflect the letter itself, not its release. Source: SEC EDGAR (public domain).

Earnings history

beat/miss · move
2023-05-17—▼ -1.10%8-K ↗
2023-03-29—▲ +1.12%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Sprinklr (CXM) Q1 Earnings and Revenues Top EstimatesBullish
finance.yahoo.com· 2026-06-03

Vs tracked universe

compare →

1184 tracked peers · median

TENK Score41 vs 67
Revenue growth-13.0% vs 7.6%
Net margin-143.9% vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.5