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Side-by-side financial comparison of SOCIETY PASS INCORPORATED. (SOPA) and Token Cat Ltd (TC). Click either name above to swap in a different company.

Token Cat Ltd is the larger business by last-quarter revenue ($2.8M vs $1.4M, roughly 2.0× SOCIETY PASS INCORPORATED.). Token Cat Ltd runs the higher net margin — -3.4% vs -370.8%, a 367.5% gap on every dollar of revenue. On growth, SOCIETY PASS INCORPORATED. posted the faster year-over-year revenue change (-17.6% vs -37.9%).

SOPA vs TC — Head-to-Head

Bigger by revenue
TC
TC
2.0× larger
TC
$2.8M
$1.4M
SOPA
Growing faster (revenue YoY)
SOPA
SOPA
+20.3% gap
SOPA
-17.6%
-37.9%
TC
Higher net margin
TC
TC
367.5% more per $
TC
-3.4%
-370.8%
SOPA

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
SOPA
SOPA
TC
TC
Revenue
$1.4M
$2.8M
Net Profit
$-5.1M
$-93.0K
Gross Margin
64.3%
79.0%
Operating Margin
-379.9%
-206.9%
Net Margin
-370.8%
-3.4%
Revenue YoY
-17.6%
-37.9%
Net Profit YoY
-271.5%
98.3%
EPS (diluted)
$-0.89

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SOPA
SOPA
TC
TC
Q3 25
$1.4M
Q2 25
$2.5M
$2.8M
Q1 25
$1.5M
Q4 24
$1.9M
Q3 24
$1.7M
Q2 24
$1.7M
$4.4M
Q1 24
$1.8M
Q4 23
$1.7M
Net Profit
SOPA
SOPA
TC
TC
Q3 25
$-5.1M
Q2 25
$479.0K
$-93.0K
Q1 25
$-1.8M
Q4 24
$-4.1M
Q3 24
$-1.4M
Q2 24
$-1.9M
$-5.6M
Q1 24
$-2.8M
Q4 23
$-5.7M
Gross Margin
SOPA
SOPA
TC
TC
Q3 25
64.3%
Q2 25
56.5%
79.0%
Q1 25
31.6%
Q4 24
28.9%
Q3 24
21.8%
Q2 24
27.1%
69.2%
Q1 24
26.7%
Q4 23
36.8%
Operating Margin
SOPA
SOPA
TC
TC
Q3 25
-379.9%
Q2 25
-6.1%
-206.9%
Q1 25
-126.6%
Q4 24
-165.6%
Q3 24
-70.1%
Q2 24
-126.0%
-146.9%
Q1 24
-156.6%
Q4 23
-283.1%
Net Margin
SOPA
SOPA
TC
TC
Q3 25
-370.8%
Q2 25
19.1%
-3.4%
Q1 25
-124.9%
Q4 24
-217.5%
Q3 24
-82.2%
Q2 24
-113.3%
-125.9%
Q1 24
-153.8%
Q4 23
-323.7%
EPS (diluted)
SOPA
SOPA
TC
TC
Q3 25
$-0.89
Q2 25
$0.10
Q1 25
$-0.44
Q4 24
$-1.03
Q3 24
$-0.48
Q2 24
$-0.73
Q1 24
$-1.21
Q4 23
$-2.59

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SOPA
SOPA
TC
TC
Cash + ST InvestmentsLiquidity on hand
$6.6M
$150.0K
Total DebtLower is stronger
$1.4M
Stockholders' EquityBook value
$13.9M
$4.6M
Total Assets
$32.9M
$28.4M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOPA
SOPA
TC
TC
Q3 25
$6.6M
Q2 25
$8.2M
$150.0K
Q1 25
$7.1M
Q4 24
$7.6M
Q3 24
$4.2M
Q2 24
$833.9K
$689.0K
Q1 24
$1.6M
Q4 23
$3.6M
Total Debt
SOPA
SOPA
TC
TC
Q3 25
Q2 25
$1.4M
Q1 25
Q4 24
Q3 24
Q2 24
$1.8M
Q1 24
Q4 23
Stockholders' Equity
SOPA
SOPA
TC
TC
Q3 25
$13.9M
Q2 25
$2.4M
$4.6M
Q1 25
$-663.0K
Q4 24
$-2.1M
Q3 24
$862.6K
Q2 24
$2.4M
$-787.0K
Q1 24
$3.5M
Q4 23
$5.3M
Total Assets
SOPA
SOPA
TC
TC
Q3 25
$32.9M
Q2 25
$29.2M
$28.4M
Q1 25
$22.9M
Q4 24
$21.3M
Q3 24
$17.0M
Q2 24
$13.0M
$12.5M
Q1 24
$13.3M
Q4 23
$16.4M
Debt / Equity
SOPA
SOPA
TC
TC
Q3 25
Q2 25
0.30×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SOPA
SOPA
TC
TC
Operating Cash FlowLast quarter
$-16.7M
$-23.7M
Free Cash FlowOCF − Capex
$-16.7M
FCF MarginFCF / Revenue
-1211.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOPA
SOPA
TC
TC
Q3 25
$-16.7M
Q2 25
$-1.8M
$-23.7M
Q1 25
$-4.0M
Q4 24
$3.7M
Q3 24
$2.0M
Q2 24
$-864.6K
$-1.5M
Q1 24
$-2.4M
Q4 23
$-4.1M
Free Cash Flow
SOPA
SOPA
TC
TC
Q3 25
$-16.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-1.5M
Q1 24
Q4 23
$-4.1M
FCF Margin
SOPA
SOPA
TC
TC
Q3 25
-1211.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-34.4%
Q1 24
Q4 23
-235.8%
Capex Intensity
SOPA
SOPA
TC
TC
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.0%
Q1 24
Q4 23
1.9%
Cash Conversion
SOPA
SOPA
TC
TC
Q3 25
Q2 25
-3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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