SURG

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SurgePays, Inc.

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Key Metrics

Previous Close: $0.25
52-Week Range: $0.15 – $3.14
Market Cap: $4.40M
P/E (TTM): —
EPS (TTM): -1.93
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: 0.48
Return on Equity: —
Return on Assets: -170.27%
Gross Margin: -24.60%
Operating Margin: -70.07%
Profit Margin: -64.91%
Current Ratio: 0.27
Debt/Equity: —
Total Debt: $15.51M
Free Cash Flow: $-5.06M
Revenue Growth: 51.10%
Earnings Growth: —
Enterprise Value: $19.62M

SURG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$121.54M	$137.14M	$60.88M	$56.96M
Cost of Revenue	$108.07M	$101.50M	$75.21M	$67.55M
Gross Profit	$13.47M	$35.64M	-$14.32M	-$10.59M
Selling, General & Admin	$11.91M	$15.71M	$26.29M	$19.21M
Operating Expenses	$12.84M	$16.78M	$27.46M	$20.07M
Operating Income	$626.02K	$18.87M	-$41.78M	-$30.66M
EBITDA	$2.39M	$20.08M	-$41.22M	-$32.95M
Pretax Income	-$553.23K	$18.38M	-$43.07M	-$36.07M
Income Tax	$0.00	-$2.27M	$2.87M	$0.00
Net Income	-$680.76K	$20.62M	-$45.73M	-$36.07M
Diluted EPS	-0.05	1.38	-2.39	-1.80
Diluted Shares	12.40M	14.92M	19.12M	20.09M

SURG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$7.04M	$14.62M	$11.79M	$1.73M
Receivables	$9.23M	$9.54M	$3.00M	$4.05M
Inventory	$11.19M	$9.05M	$1.78M	$339.57K
Current Assets	$27.56M	$33.37M	$17.87M	$6.98M
Total Assets	$34.00M	$41.93M	$23.98M	$8.52M
Current Liabilities	$23.46M	$12.71M	$6.06M	$18.19M
Long-Term Debt	$5.02M	$460.52K	$2.34M	$5.63M
Total Debt	$8.11M	$5.44M	$4.59M	$13.58M
Total Liabilities	$28.89M	$13.52M	$8.71M	$23.92M
Retained Earnings	-$35.80M	-$15.19M	-$60.92M	-$96.98M
Shareholders' Equity	$4.99M	$28.25M	$15.32M	-$15.35M
Working Capital	$4.10M	$20.66M	$11.81M	-$11.21M
Net Debt	$636.31K	—	—	$11.53M

SURG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$793.27K	$10.29M	-$21.31M	-$21.29M
Capital Expenditure	-$698.58K	-$281.30K	-$518.19K	-$18.59K
Free Cash Flow	$94.69K	$10.01M	-$21.83M	-$21.31M
Depreciation & Amortisation	$988.70K	$1.11M	$1.29M	$1.11M
Stock-Based Compensation	$0.00	$566.71K	$8.36M	$2.64M
Investing Cash Flow	-$1.50M	-$281.30K	-$3.00M	-$18.59K
Financing Cash Flow	$1.46M	-$2.42M	$22.48M	$10.53M
Share Repurchases	—	$0.00	-$631.97K	$0.00
Net Change in Cash	$752.16K	$7.59M	-$1.83M	-$10.78M

SURG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$10.58M	$11.52M	$18.68M	$16.19M	$15.98M
Cost of Revenue	$13.52M	$14.17M	$21.28M	$18.58M	$23.68M
Gross Profit	-$2.94M	-$2.65M	-$2.60M	-$2.40M	-$7.70M
Selling, General & Admin	$4.55M	$3.93M	$4.16M	$6.73M	$3.31M
Operating Expenses	$4.64M	$4.16M	$4.35M	$6.92M	$3.50M
Operating Income	-$7.58M	-$6.81M	-$6.95M	-$9.32M	-$11.20M
EBITDA	-$7.21M	-$6.51M	-$6.70M	-$12.54M	-$10.93M
Pretax Income	-$7.64M	-$7.08M	-$7.49M	-$13.86M	-$12.05M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$7.64M	-$7.08M	-$7.49M	-$13.86M	-$12.05M
Diluted EPS	-0.38	-0.36	-0.38	—	-0.51
Diluted Shares	20.07M	19.89M	19.84M	—	23.70M

SURG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$5.40M	$4.40M	$2.51M	$1.73M	$1.99M
Receivables	$2.49M	$2.68M	$4.29M	$4.05M	$5.04M
Inventory	$1.78M	$2.41M	$1.92M	$339.57K	$339.57K
Current Assets	$9.85M	$9.69M	$9.23M	$6.98M	$8.21M
Total Assets	$15.66M	$15.22M	$14.49M	$8.52M	$9.50M
Current Liabilities	$5.74M	$8.70M	$17.67M	$18.19M	$30.04M
Long-Term Debt	$1.88M	$6.25M	$3.09M	$5.63M	$3.29M
Total Debt	$4.12M	$10.05M	$12.38M	$13.58M	$15.51M
Total Liabilities	$7.88M	$15.15M	$20.92M	$23.92M	$33.37M
Retained Earnings	-$68.55M	-$75.63M	-$83.12M	-$96.98M	-$109.04M
Shareholders' Equity	$7.84M	$116.12K	-$6.37M	-$15.35M	-$23.81M
Working Capital	$4.11M	$992.31K	-$8.45M	-$11.21M	-$21.83M
Net Debt	—	$5.19M	$9.48M	$11.53M	$13.25M

SURG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$6.96M	-$6.12M	-$4.65M	-$3.56M	-$4.55M
Capital Expenditure	-$18.59K	—	—	—	—
Free Cash Flow	-$6.98M	-$6.12M	-$4.65M	-$3.56M	-$4.55M
Depreciation & Amortisation	$310.85K	$292.39K	$253.31K	$254.79K	$242.93K
Stock-Based Compensation	$155.12K	$155.12K	$215.89K	$2.12M	$57.68K
Investing Cash Flow	-$18.59K	$0.00	$0.00	$0.00	$0.00
Financing Cash Flow	-$410.55K	$5.13M	$2.76M	$3.06M	$4.95M
Share Repurchases	-$2.77K	—	—	$0.00	$0.00
Net Change in Cash	-$7.39M	-$993.32K	-$1.89M	-$501.65K	$402.95K

Market Snapshot

About

SurgePays, Inc. is a financial technology and telecommunications company that provides mobile virtual network operator (MVNO) services and prepaid wireless products. The company focuses on serving underbanked communities through its blockchain-based fintech platform and wireless services. SurgePays operates primarily in the United States.