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Side-by-side financial comparison of SOCIETY PASS INCORPORATED. (SOPA) and TMC the metals Co Inc. (TMC). Click either name above to swap in a different company.

SOCIETY PASS INCORPORATED. is the larger business by last-quarter revenue ($1.4M vs $1.3M, roughly 1.1× TMC the metals Co Inc.). SOCIETY PASS INCORPORATED. runs the higher net margin — -370.8% vs -3136.5%, a 2765.7% gap on every dollar of revenue. On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs -17.6%). TMC the metals Co Inc. produced more free cash flow last quarter ($-11.5M vs $-16.7M). Over the past eight quarters, TMC the metals Co Inc.'s revenue compounded faster (159.0% CAGR vs -11.2%).

The Wilderness Society is an Australian, community-based, not-for-profit non-governmental environmental advocacy organisation.

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.

SOPA vs TMC — Head-to-Head

Bigger by revenue
SOPA
SOPA
1.1× larger
SOPA
$1.4M
$1.3M
TMC
Growing faster (revenue YoY)
TMC
TMC
+2443.1% gap
TMC
2425.5%
-17.6%
SOPA
Higher net margin
SOPA
SOPA
2765.7% more per $
SOPA
-370.8%
-3136.5%
TMC
More free cash flow
TMC
TMC
$5.3M more FCF
TMC
$-11.5M
$-16.7M
SOPA
Faster 2-yr revenue CAGR
TMC
TMC
Annualised
TMC
159.0%
-11.2%
SOPA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SOPA
SOPA
TMC
TMC
Revenue
$1.4M
$1.3M
Net Profit
$-5.1M
$-40.4M
Gross Margin
64.3%
Operating Margin
-379.9%
-3470.9%
Net Margin
-370.8%
-3136.5%
Revenue YoY
-17.6%
2425.5%
Net Profit YoY
-271.5%
-151.5%
EPS (diluted)
$-0.89
$0.11

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
TMC
TMC
Q4 25
$1.3M
Q3 25
$1.4M
$1.3M
Q2 25
$2.5M
Q1 25
$1.5M
Q4 24
$1.9M
Q3 24
$1.7M
Q2 24
$1.7M
Q1 24
$1.8M
Net Profit
SOPA
SOPA
TMC
TMC
Q4 25
$-40.4M
Q3 25
$-5.1M
$-184.5M
Q2 25
$479.0K
Q1 25
$-1.8M
Q4 24
$-4.1M
Q3 24
$-1.4M
Q2 24
$-1.9M
Q1 24
$-2.8M
Gross Margin
SOPA
SOPA
TMC
TMC
Q4 25
Q3 25
64.3%
Q2 25
56.5%
Q1 25
31.6%
Q4 24
28.9%
Q3 24
21.8%
Q2 24
27.1%
Q1 24
26.7%
Operating Margin
SOPA
SOPA
TMC
TMC
Q4 25
-3470.9%
Q3 25
-379.9%
-4134.4%
Q2 25
-6.1%
Q1 25
-126.6%
Q4 24
-165.6%
Q3 24
-70.1%
Q2 24
-126.0%
Q1 24
-156.6%
Net Margin
SOPA
SOPA
TMC
TMC
Q4 25
-3136.5%
Q3 25
-370.8%
-13780.2%
Q2 25
19.1%
Q1 25
-124.9%
Q4 24
-217.5%
Q3 24
-82.2%
Q2 24
-113.3%
Q1 24
-153.8%
EPS (diluted)
SOPA
SOPA
TMC
TMC
Q4 25
$0.11
Q3 25
$-0.89
$0.46
Q2 25
$0.10
Q1 25
$-0.44
Q4 24
$-1.03
Q3 24
$-0.48
Q2 24
$-0.73
Q1 24
$-1.21

Balance Sheet & Financial Strength

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

Metric
SOPA
SOPA
TMC
TMC
Cash + ST InvestmentsLiquidity on hand
$6.6M
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.9M
$-33.4M
Total Assets
$32.9M
$181.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOPA
SOPA
TMC
TMC
Q4 25
$117.6M
Q3 25
$6.6M
$115.6M
Q2 25
$8.2M
Q1 25
$7.1M
Q4 24
$7.6M
Q3 24
$4.2M
Q2 24
$833.9K
Q1 24
$1.6M
Stockholders' Equity
SOPA
SOPA
TMC
TMC
Q4 25
$-33.4M
Q3 25
$13.9M
$-40.6M
Q2 25
$2.4M
Q1 25
$-663.0K
Q4 24
$-2.1M
Q3 24
$862.6K
Q2 24
$2.4M
Q1 24
$3.5M
Total Assets
SOPA
SOPA
TMC
TMC
Q4 25
$181.6M
Q3 25
$32.9M
$175.6M
Q2 25
$29.2M
Q1 25
$22.9M
Q4 24
$21.3M
Q3 24
$17.0M
Q2 24
$13.0M
Q1 24
$13.3M

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
TMC
TMC
Operating Cash FlowLast quarter
$-16.7M
$-11.4M
Free Cash FlowOCF − Capex
$-16.7M
$-11.5M
FCF MarginFCF / Revenue
-1211.0%
-889.8%
Capex IntensityCapex / Revenue
0.0%
8.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOPA
SOPA
TMC
TMC
Q4 25
$-11.4M
Q3 25
$-16.7M
$-11.5M
Q2 25
$-1.8M
Q1 25
$-4.0M
Q4 24
$3.7M
Q3 24
$2.0M
Q2 24
$-864.6K
Q1 24
$-2.4M
Free Cash Flow
SOPA
SOPA
TMC
TMC
Q4 25
$-11.5M
Q3 25
$-16.7M
$-11.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
SOPA
SOPA
TMC
TMC
Q4 25
-889.8%
Q3 25
-1211.0%
-859.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
SOPA
SOPA
TMC
TMC
Q4 25
8.2%
Q3 25
0.0%
1.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
SOPA
SOPA
TMC
TMC
Q4 25
Q3 25
Q2 25
-3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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