SURG · SurgePays, Inc. · Financials
$0.19
+0.02 (+14.72%)
At close · Sep 9
Going-concern doubt
— flagged Aug 19, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these consolidated financial statements are issued. Accordingly, management has concluded that its plans do not alleviate the substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed Aug 19, 2026
Market Cap
$8.79M
Shares
52.91M
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Revenue
$56.96M
-6.4%
FY2025
Net Income
-$36.07M
+21.1%
FY2025
Gross Margin
4.54%
-7.6pp
FY2020
Operating Margin
-59.93%
+11.5pp
FY2025
Diluted EPS
-$1.80
+24.7%
FY2025
Operating Cash Flow
-$21.29M
+0.1%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $67.06M | $56.96M | $60.88M | $137.14M | $121.54M | $51.06M | $54.41M | $25.74M | $15.24M | $13.46M | $3.3M | $2.83M | $2.67M | $3.03M | $2094 | |
| — | $215.6K | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $80.17M | $67.55M | $75.21M | $101.5M | $108.07M | $44.89M | $51.94M | $22.62M | $8.57M | $8.1M | $2.33M | $2.33M | $1.68M | $2.05M | — | |
| $4.07M | — | — | — | — | — | $2.47M | $3.12M | $6.67M | $5.36M | $968.28K | $500.66K | — | — | — | |
| — | — | — | — | — | — | 4.54% | 12.12% | 43.78% | 39.85% | 29.37% | 17.67% | — | — | — | |
| $29.72K | — | — | — | — | — | — | — | — | — | — | — | $50.01K | $36.62K | $652.76K | |
| $19.41M | $20.07M | $27.46M | $16.78M | $12.84M | $12.16M | $12.61M | $10.66M | $8.06M | $5.15M | $3.27M | $1.32M | $965.35K | $841.69K | — | |
| $653.66K | $653.81K | $653.51K | $653.51K | $653.51K | $692.26K | $1.11M | $200.03K | — | $115.27K | $430.13K | $499.43K | — | — | — | |
| $107.35K | $206.16K | $942.45K | $935.04K | $933.38K | $759.38K | $1.17M | $227.32K | $149.64K | $6939 | $433.12K | $501.09K | $1361 | $1940 | $130 | |
| $18.94M | $20.07M | $27.46M | $16.78M | $12.84M | $12.16M | $12.61M | — | — | — | — | — | — | — | — | |
| $103.06M | $91.1M | $104.35M | $118.28M | $120.91M | $57.05M | $64.55M | $10.89M | $8.21M | $5.16M | $4.08M | $1.82M | $2.64M | $2.89M | $654.03K | |
| -$27.49M | -$34.14M | -$43.46M | $18.87M | $633.79K | -$5.99M | -$10.15M | -$7.77M | -$1.54M | $204.29K | -$3.11M | -$1.32M | $31.22K | $140.52K | $651.94K | |
| — | -59.93% | -71.39% | 13.76% | 0.52% | -11.74% | -18.65% | -30.18% | -10.07% | 1.52% | -94.24% | -46.63% | 1.17% | 4.63% | 31133.67% | |
| -$27.39M | -$33.93M | -$42.52M | $19.8M | $1.57M | -$5.23M | -$8.97M | -$7.54M | -$1.39M | $211.22K | -$2.67M | -$819.88K | $32.58K | $142.46K | $652.07K | |
| $3.51M | $2M | $554.2K | — | $400K | — | — | — | — | — | — | $15.2K | $12.06K | $17.81K | -$13.13K | |
| — | $63.95K | $105.4K | — | — | — | — | — | — | — | — | — | — | — | — | |
| -$4.62M | -$1.93M | $396.23K | -$485.77K | -$1.19M | -$7.54M | -$575.96K | -$679K | $76.62K | $2.56M | -$1.49M | -$15.14K | $2082 | -$45.71K | — | |
| — | — | $33.86K | $110.2K | -$89.08K | $28.68K | $210.91K | $25.19K | — | — | — | — | — | — | — | |
| -$32.11M | -$36.07M | -$43.07M | $18.38M | -$553.23K | — | -$10.72M | -$8.45M | -$1.46M | $2.77M | -$4.6M | -$1.34M | — | — | — | |
| — | — | $2.87M | -$2.27M | — | — | — | — | $82.23K | — | — | — | — | — | — | |
| -$32.11M | -$36.07M | -$45.73M | $20.62M | -$680.76K | -$13.53M | -$10.72M | -$8.45M | -$1.54M | $2.77M | -$4.6M | -$1.34M | $33.3K | $94.81K | -$655.45K | |
| — | -63.32% | -75.11% | 15.03% | -0.56% | -26.5% | -19.71% | -32.81% | -10.11% | 20.56% | -139.54% | -47.16% | 1.25% | 3.12% | -31301.29% | |
| -$798 | -$838 | -$208.55K | $26.71K | $127.54K | — | — | — | — | — | — | — | — | — | — | |
| -$32.11M | -$36.07M | -$45.73M | $20.62M | -$680.76K | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | -$655.45K | |
| USD/shares | -$1.52 | -$1.80 | -$2.39 | $1.45 | -$0.05 | -$3.09 | — | — | — | — | — | — | — | — | — |
| USD/shares | -$1.52 | -$1.80 | -$2.39 | $1.38 | -$0.05 | — | — | — | — | — | — | — | — | — | — |
| shares | — | 20.09M | 19.12M | 14.26M | 12.4M | 4.38M | 2.13M | 1.92M | 1.63M | 1.52M | 895.93K | 664.42K | 431.1K | 431.1K | — |
| shares | — | 20.09M | 19.12M | 14.92M | 12.4M | 4.38M | 2.13M | 1.92M | 1.63M | 1.52M | 895.93K | 664.42K | 431.1K | 431.1K | 431.1K |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Debt data is being processed. Please check back later.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
0.13×
Peer median 0.11×
EV/EBIT
—
P/E (TTM)
—
Peer medians compare against the 10 similar-size Telecom Services companies (of 37 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Point of Sale and Prepaid Services | $43,509,771 | $17,419,088 | — | — |
| Mobile Virtual Network Operator | $13,453,149 | $43,450,244 | $118,577,920 | $88,351,547 |
| Comprehensive Platform Services | — | — | $11,341,183 | $16,319,076 |
| Lead Generation | — | — | — | $16,760,656 |
| Other Corporate Overhead | — | $11,841 | $7,222,729 | — |
| Other | — | — | — | $112,911 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Point of Sale and Prepaid Services | $43,509,771 | $17,419,088 | — | — | — | — |
| Mobile Virtual Network Operators | $13,453,149 | $43,450,244 | $118,577,920 | $88,351,547 | — | — |
| Comprehensive Platform Services | — | — | $11,341,183 | $16,319,076 | — | — |
| Lead Generation | — | — | — | $16,760,656 | — | — |
| Other Corporate Overhead | — | $11,841 | $7,222,729 | — | — | — |
| Other | — | — | — | $112,911 | $8,169 | $206,548 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Point of Sale and Prepaid Services | -$5,112,341 | -$2,492,681 | — | — |
| Mobile Virtual Network Operator | -$10,073,194 | -$16,165,416 | $34,231,459 | $11,921,855 |
| Other Corporate Overhead | -$18,851,328 | -$24,805,903 | -$13,626,067 | — |
| Comprehensive Platform Services | — | — | -$1,740,008 | -$1,974,773 |
| Corporate Overhead | — | — | — | -$9,694,379 |
| Lead Generation | — | — | — | $324,259 |
| Other | — | — | — | $56,823 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Point of Sale and Prepaid Services | -11.7% | -14.3% | — | — |
| Mobile Virtual Network Operator | -74.9% | -37.2% | 28.9% | 13.5% |
| Comprehensive Platform Services | — | — | -15.3% | -12.1% |
| Lead Generation | — | — | — | 1.9% |
| Other Corporate Overhead | — | -209491.6% | -188.7% | — |
| Other | — | — | — | 50.3% |
Key facts
CIK
1392694
CUSIP
86882L204
13F (30d)
25 filings
25 filers
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