SOS Limited Reports 48% Revenue Growth Amid Pivot to Commodities, Despite Widening Losses

SOS Limited's stock exhibited volatile trading following its semi-annual earnings release, closing down 3.94% at $1.95 before surging 17.95% after-hours to $2.30. The dramatic swing reflects investor Optimism about revenue growth tempered by concerns over mounting losses and cash burn.

The company reported $89.6 million in revenue for the first half of 2025, marking a 48.1% year-over-year increase driven primarily by natural rubber sales in China. Commodities trading now dominates the business mix at 94.9% of revenue, while the company has largely abandoned cryptocurrency mining operations in favor of third-party hosting services.

Despite the top-line growth, SOS recorded a $1.3 million gross loss—a stark reversal from previous profitability. The earnings report reveals a company successfully pivoting its business model but struggling to translate revenue gains into bottom-line results, with liquidity concerns looming as cash reserves dwindle.