SurgePays, Inc.
SURG Nasdaq· Telephone Communications (No Radiotelephone)
Last close · Oct 23, 2026
$0.13
KIRA · Stoqly’s AI analyst, in plain words
- SurgePays, Inc. had $57.0M of revenue in fiscal 2025, down 6.4% on the year before. Over five years, revenue changed +0.9% a year on average.
- Its operating margin was −59.9%, up 11.5 pts: of every 100 in sales, about −60 is left after running the business.
- SurgePays, Inc. lost $36.1M in fiscal 2025.
- Free cash flow was −$21.3M in fiscal 2025, −37.4% of revenue.
- SurgePays, Inc. owes $30.5M more than it holds in cash.
Market cap
$3.4M
P/E
—
Revenue
$57.0M
Net income
−$36.1M
Free cash flow
−$21.3M
Operating margin
−59.9%
SurgePays, Inc. in 30 seconds · fiscal 2025
Are sales growing?
−6.4%
No. Sales fell 6.4% last year.
Does it make a profit?
−63.3%
No. It lost money last year.
Does profit turn into cash?
−37.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What SurgePays, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Apr 15, 2026
- Legal name
- SurgePays, Inc.
- CIK
- 0001392694
SurgePays, Inc. · SURG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $51.1M | $122M | $137M | $60.9M | $57.0M |
| Revenue growth | −6.2% | 138.0% | 12.8% | −55.6% | −6.4% |
| Net interest income | — | — | — | — | $0.2M |
| Gross margin | 12.1% | 11.1% | 26.0% | −23.5% | −18.6% |
| Operating margin | −11.7% | 0.5% | 13.8% | −71.4% | −59.9% |
| Net income | −$13.5M | −$0.7M | $20.6M | −$45.7M | −$36.1M |
| Net margin | −26.5% | −0.6% | 15.0% | −75.1% | −63.3% |
| Diluted EPS | −$3.09 | −$0.05 | $1.38 | −$2.39 | −$1.80 |
| Cash | |||||
| Cash from operations | −$15.3M | $0.8M | $10.3M | −$21.3M | −$21.3M |
| Capital expenditure | $0.1M | $0.0M | — | $0.5M | $0.0M |
| Free cash flow | −$15.3M | $0.8M | — | −$21.8M | −$21.3M |
| FCF margin | −30.0% | 0.6% | — | −35.9% | −37.4% |
| Share count change | 105.3% | 182.9% | 20.4% | 28.1% | 5.1% |
| Debt and strength | |||||
| Cash and short-term investments | $6.3M | $7.0M | $14.6M | $11.8M | $1.7M |
| Debt incl. finance leases | — | $7.7M | $5.0M | $4.0M | $32.2M |
| Shareholders' equity | $3.6M | $5.0M | $28.2M | $15.3M | −$15.3M |
| Net debt / EBITDA | — | 0.4x | −0.5x | — | — |
| Current ratio | 1.4x | 1.2x | 2.6x | 2.9x | 0.4x |
| Interest coverage | — | 1.6x | — | −78.4x | −17.0x |
| Returns and quality | |||||
| Return on capital | — | 8.9% | 101.0% | −454.8% | −178.3% |
| Return on equity | — | −15.9% | 124.1% | −209.9% | — |
| Return on tangible equity | — | −125.2% | 84.3% | −433.7% | — |
| Piotroski F-score | 3 | 4 | 6 | 2 | 3 |
| Altman Z'' | −6.4 | −2.3 | 7.3 | −15.4 | −73.4 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
SurgePays, Inc. · SURG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.13 a share, the company is worth $3.4M.
Source: SEC EDGAR XBRL filings (CIK 0001392694). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.