Earnings summaries and quarterly performance for SOCIETY PASS.
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Recent press releases and 8-K filings for SOPA.
Society Pass and NusaTrip Form Exclusive eSIM Partnership with Gorilla
SOPA
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
- Society Pass Inc. and its majority-owned subsidiary, NusaTrip Inc., have entered into an exclusive strategic technology partnership with Gorilla Networks Pte Ltd.
- Gorilla will serve as NusaTrip’s exclusive global eSIM connectivity platform, powering the development and expansion of NusaTrip’s white-label eSIM products across its online travel agency ecosystem and affiliated distribution channels.
- This partnership is anticipated to create a new high-margin digital revenue stream for NusaTrip by integrating eSIM connectivity as a monetizable layer within the travel booking experience.
- The global travel eSIM market is projected to expand significantly from US$1.8 billion in 2025 to US$8.7 billion by 2030, representing a 380% revenue growth.
5 days ago
Society Pass Invests in Gorilla Networks for eSIM Market Entry
SOPA
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Society Pass Inc. (SOPA) has made a US$1.8 million minority investment in Singapore-based Gorilla Networks Pte Ltd, a telecoms eSIM infrastructure and digital connectivity platform.
- This investment marks SOPA's entry into the global eSIM market, which is projected to grow from US$11.2 billion in 2025 to US$25.0 billion by 2033.
- The strategic move integrates mobile connectivity into SOPA's travel and OTA strategy, beginning with its majority-owned travel platform, NusaTrip Inc, to bundle travel and connectivity services.
- This integration is expected to boost customer lifetime value and generate new, recurring revenue streams for Society Pass.
Jan 29, 2026, 12:30 PM
Society Pass Inc. Receives Equity Research Update Highlighting Valuation Disconnect and Strategic Transformation
SOPA
New Projects/Investments
Guidance Update
M&A
- Litchfield Hills Research highlights a significant valuation disconnect for Society Pass Inc. (SOPA), with its operating assets and cash valued at approximately 1,300% of its $18.0M market capitalization.
- SOPA is undergoing a strategic transformation from consumer e-commerce to a platform holding company, focusing on scalable, cash-generative operating businesses and AI infrastructure optionality, a shift initiated in late 2025.
- Consolidated sales are forecast to grow from $7.0M in 2025 to $10M by 2027, primarily driven by its subsidiaries Thoughtful Media and NusaTrip.
- Thoughtful Media, a subsidiary, filed for an IPO in August 2024, implying a pro forma equity valuation of $86 million to $107 million. SOPA is expected to retain an 83% majority stake, valued at $80.1 million at the midpoint IPO price, which represents approximately 444% of SOPA's current market capitalization.
Jan 23, 2026, 12:30 PM
Society Pass Inc. Makes US$8.8 Million Investment in Sapience AI Inc.
SOPA
New Projects/Investments
M&A
Revenue Acceleration/Inflection
- Society Pass Inc. (Nasdaq: SOPA) announced a US$8.8 million minority investment in Sapience AI Inc..
- This investment is part of Society Pass's strategy to access the computing ecosystem of the fast-growing regional AI data centre market, which is projected to reach US$2.4 trillion by 2032.
- Sapience AI will initially operate as a GPU-as-a-Service provider in Europe, deploying Nvidia hardware in high-performance data centers.
- Society Pass, an acquisition-focused holding company, views this collaboration as an enhancement to its ability to serve customers and create value for stakeholders.
Jan 22, 2026, 12:30 PM
Society Pass Closes $3 Million Public Offering
SOPA
- Society Pass Incorporated (SOPA) closed a public offering of its common stock.
- The offering involved 1,500,000 shares at $2.00 per share, generating $3 million in aggregate gross proceeds.
- The offering was priced at a premium to market under Nasdaq rules.
- The net proceeds from the offering are intended for working capital and general corporate purposes, including operating expenses and capital expenditures.
Jan 1, 2026, 2:15 AM
Society Pass Announces Pricing of Public Offering
SOPA
- Society Pass Incorporated (Nasdaq: SOPA) announced the pricing of a public offering of 1,500,000 shares of its common stock.
- The offering is priced at $2.00 per share, aiming for aggregate gross proceeds of $3 million.
- The offering is expected to close on December 31, 2025.
- The company plans to use the net proceeds for working capital and general corporate purposes, including operating expenses and capital expenditures.
Dec 30, 2025, 3:20 AM
Society Pass Receives Upgraded Price Target and Reports Q3 2025 Results
SOPA
Guidance Update
New Projects/Investments
Earnings
- Ascendiant Capital Markets maintained a BUY rating for Society Pass Incorporated (SOPA) and raised its 12-month price target to $22.50 from $22.00, based on a NPV analysis.
- Ascendiant estimates NusaTrip's value at approximately $20 per share for SOPA, representing a significant undervaluation of SOPA shares compared to its current stock price.
- NusaTrip (NUTR) completed its IPO in August 2025, raising $17 million, but its stock has been halted for trading since October 9, 2025, due to SEC and NASDAQ investigations.
- Society Pass reported Q3 2025 revenue of $1.4 million (down 18% year-on-year) and EPS of $(0.84) for the quarter ending September 30, 2025.
- The company recently announced a new investment strategy focusing on AI companies and anticipates the IPO of its digital advertising ecosystem, Thoughtful Media, in early 2026.
Dec 29, 2025, 10:06 PM
Society Pass Highlights Greenridge Global Report on Subsidiary IPOs, AI Strategy, and Updated Forecasts
SOPA
M&A
New Projects/Investments
Guidance Update
- NusaTrip (NUTR) completed its IPO on August 18, 2025, raising $17.25 million, and achieved over $100 million in quarterly GMV with Agoda in 2025, leading Greenridge to value SOPA's 14.0 million shares at $126 million.
- Thoughtful Media Group (TMG) is set for an IPO, with a potential $4.00 IPO price and a pre-money valuation of $71.2 million, valuing SOPA's 13.0 million shares at $52 million.
- Society Pass (SOPA) announced plans to acquire and operate AI software and infrastructure companies in Southeast Asia, Europe, and North America.
- Greenridge Global updated its model for SOPA, projecting 2025 revenue of $7.4 million with a loss of $0.15 per share, and 2026 revenue of $18.2 million with earnings of $0.16 per share.
- Greenridge Global reiterated a Buy rating for SOPA but reduced its target price from $45.00 to $25.00, based on the current market value of NUTR shares and 50% of the expected IPO value of TMGX shares.
Dec 23, 2025, 2:00 PM
Society Pass Highlights Ascendiant Capital Markets Report with Raised Price Target and Undervaluation Claims
SOPA
New Projects/Investments
Earnings
M&A
- Ascendiant Capital Markets maintains a BUY rating for Society Pass Inc. (SOPA) and raised its 12-month price target to $22.50 from $22.00 as of December 17, 2025.
- The report indicates that NusaTrip's value of approximately $20 per share (based on a $125 million valuation and 6.2 million SOPA shares outstanding) suggests a significant undervaluation of SOPA shares, despite NusaTrip's stock being halted since October 9, 2025, due to investigations.
- Society Pass reported Q3 2025 revenue of $1.4 million (down 18% year-on-year) and an earnings per share of $(0.84) on November 14, 2025.
- The company is shifting its investment strategy to focus on AI companies and expects its digital advertising ecosystem, Thoughtful Media, to IPO in early 2026, following NusaTrip's IPO in August 2025.
Dec 22, 2025, 1:00 PM
Society Pass Rolls Out M&A Strategy
SOPA
M&A
New Projects/Investments
- Society Pass Incorporated (SOPA) is launching a comprehensive mergers and acquisition (M&A) strategy to capitalize on valuation arbitrage opportunities.
- The strategy targets privately-held companies in Southeast Asia, Europe, and North America, focusing on the AI data centre, travel, digital advertising, and telecommunications sectors.
- SOPA will collaborate with regional and global private equity firms for deal flow and execution.
- CEO Raynauld Liang cited the successful listing of NUTR, which was acquired for under US$5 million in August 2022 and listed on Nasdaq in August 2025 with a market capitalization exceeding US$70 million (now over US$170 million), as an example of the company's ability to generate value through this approach.
Dec 15, 2025, 3:55 PM
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