SurgePays, Inc. (SURG) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, SurgePays reported revenue of $57.0M, down 6.4% from $60.9M the year before. Net income was -$36.1M (a -63.3% net margin), or -$1.80 per diluted share. Gross margin was -18.6% and operating margin was -59.9%. Operating activities generated -$21.3M of cash, leaving -$21.3M of free cash flow. At fiscal year end, SurgePays held $8.5M in total assets against $23.9M in total liabilities, including $1.7M of cash and equivalents.
Open the full interactive SurgePays financials → Quarterly statements, key ratios, valuation history and price charts.
SurgePays Key Stats
| Share Price | $0.13 |
|---|---|
| Market Cap | $3.3M |
| Revenue YoY Growth | -6.4% |
| 52-Week Range | $0.13 – $2.91 |
| Shares Outstanding | 25.9 million (basic, 2026 Q2) |
SurgePays Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $54.4M | $51.1M | $121.5M | $137.1M | $60.9M | $57.0M |
| Cost of Goods Sold | — | $57.1M | $120.9M | $118.3M | $102.7M | $91.1M |
| Gross Profit | $2.5M | $6.2M | $13.5M | $35.6M | -$14.3M | -$10.6M |
| Operating Income | -$10.1M | -$6.0M | $633,785 | $18.9M | -$41.8M | -$34.1M |
| Pre-Tax Income | -$10.7M | -$13.5M | -$680,763 | $18.4M | -$43.1M | -$36.1M |
| Income Tax | — | — | — | -$2.3M | $2.9M | -$838 |
| Net Income | -$10.7M | -$13.5M | -$680,763 | $20.6M | -$45.7M | -$36.1M |
| Diluted EPS | -$5.00 | -$3.09 | — | $1.38 | -$2.39 | -$1.80 |
SurgePays Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $18.7M | $16.2M | $16.0M | $16.2M |
| Net Income | -$7.5M | -$13.9M | -$12.1M | $1.3M |
| Diluted EPS | -$0.38 | -$0.69 | -$0.51 | $0.05 |
SurgePays Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $673,995 | $6.3M | $7.0M | — | $11.8M | $1.7M |
| Current Assets | $1.3M | $13.9M | $27.6M | $33.4M | $17.9M | $7.0M |
| Total Assets | $7.3M | $19.5M | $34.0M | $41.9M | $24.0M | $8.5M |
| Current Liabilities | $15.3M | $10.0M | $23.5M | $12.7M | $6.1M | $18.2M |
| Total Long-Term Debt | $7.8M | $3.7M | $7.7M | $5.0M | $4.0M | $13.3M |
| Total Liabilities | $18.1M | $15.9M | $28.9M | $13.5M | $8.7M | $23.9M |
| Shareholders' Equity | -$10.7M | $3.6M | $5.0M | $28.2M | $15.3M | -$15.3M |
SurgePays Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$4.3M | -$15.3M | $793,272 | $10.3M | -$21.3M | -$21.3M |
| Cash From Investing | $8,354 | -$376,724 | -$1.5M | -$281,304 | -$3.0M | -$18,590 |
| Cash From Financing | $4.6M | $21.3M | $1.5M | -$2.4M | $22.5M | $10.5M |
| Free Cash Flow | -$4.3M | -$15.3M | $781,870 | $10.3M | -$21.8M | -$21.3M |
Figures from SurgePays' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SurgePays financials page for every line item.
SurgePays Company Profile
| Ticker | SURG |
|---|---|
| Exchange | Nasdaq |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Bartlett, Tennessee |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001392694 |
Frequently Asked Questions
What was SurgePays' revenue in fiscal 2025?
SurgePays (SURG) reported revenue of $57.0M for fiscal 2025.
What is SurgePays' annual revenue history?
SurgePays' annual revenue by fiscal year: 2020: $54.4M; 2021: $51.1M; 2022: $121.5M; 2023: $137.1M; 2024: $60.9M; 2025: $57.0M.
What was SurgePays' net income in fiscal 2025?
SurgePays reported net income of -$36.1M for fiscal 2025.
What was SurgePays' earnings per share (EPS) in fiscal 2025?
SurgePays' diluted EPS was -$1.80 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did SurgePays generate in fiscal 2025?
SurgePays generated -$21.3M of free cash flow in fiscal 2025.
What was SurgePays' revenue last quarter?
In its most recent reported quarter (2026 Q2), SurgePays reported revenue of $16.2M.
How much debt does SurgePays have?
SurgePays reported $13.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of SurgePays are outstanding?
SurgePays reported a weighted average of 25.9 million basic shares outstanding in 2026 Q2.
What is SurgePays' market cap?
Based on its latest closing price, SurgePays (SURG) has a market capitalization of about $3.3M.
When does SurgePays' fiscal year end?
SurgePays' fiscal year end, as registered with the SEC, is December 31.
Where is SurgePays headquartered?
SurgePays lists its business address in Bartlett, Tennessee in its SEC filings.