SurgePays, Inc. SURG
SurgePays, Inc.
the "Company") is a wireless and point of sale technology company focused on serving underserved and value-conscious consumers
through a combination of retail distribution and digital acquisition channels.
technology services, and transaction processing solutions through an integrated platform that combines wireless services with point of
Last close
0.17
2026-09-04
Market cap
$8.8M
2026-06-30 share count
52-week range
0.15 - 3.14
Valuation FY2025 figures against the last close
P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-1.80
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.0M | $60.9M | $137.1M | $121.5M | $51.1M | $54.4M | $25.7M | $15.2M | $13.5M | $3.3M |
| Cost of revenue | $67.6M | $75.2M | $101.5M | $108.1M | $44.9M | $51.9M | $22.6M | $8.6M | $8.1M | $2.3M |
| Gross profit | -$10.6M | -$14.3M | $35.6M | $13.5M | $6.2M | $2.5M | $3.1M | $6.7M | $5.4M | $968.3K |
| SG&A | $20.1M | $27.5M | $16.8M | $12.8M | $12.2M | $12.6M | $10.7M | $8.1M | $5.2M | $3.3M |
| Total operating expenses | $20.1M | $27.5M | $16.8M | $12.8M | $12.2M | $12.6M | $10.9M | $8.2M | $5.2M | $4.1M |
| Operating income | -$34.1M | -$43.5M | $18.9M | $633.8K | -$6.0M | -$10.1M | -$7.8M | -$1.5M | $204.3K | -$3.1M |
| Interest expense | $2.0M | $554.2K | — | $400.0K | — | — | — | — | — | — |
| Pre-tax income | -$36.1M | -$43.1M | $18.4M | -$553.2K | — | -$10.7M | -$8.4M | -$1.5M | $2.8M | -$4.6M |
| Income tax | — | $2.9M | $2.3M | — | — | — | — | $82.2K | — | — |
| Net income | -$36.1M | -$45.7M | $20.6M | -$680.8K | -$13.5M | -$10.7M | -$8.4M | -$1.5M | $2.8M | -$4.6M |
| EPS, basic | -1.80 | -2.39 | 1.45 | -0.05 | -3.09 | — | — | — | — | — |
| EPS, diluted | -1.80 | -2.39 | 1.38 | -0.05 | -3.09 | -5.02 | -0.09 | -0.02 | 0.04 | -0.10 |
| Shares, diluted (wtd. avg.) | $20.1M | $19.1M | $14.9M | $12.4M | $4.4M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.7M | $11.8M | $14.6M | $7.0M | $6.3M | $674.0K | $346.0K | $444.6K | $1.3M | $439.3K |
| Receivables | $4.0M | $3.0M | $9.5M | $9.2M | $3.2M | $180.5K | $3.1M | $206.7K | $5.5K | $126.4K |
| Inventory | $339.6K | $1.8M | $9.0M | $11.2M | $4.4M | $178.3K | — | — | — | — |
| Total current assets | $7.0M | $17.9M | $33.4M | $27.6M | $13.9M | $1.3M | $3.6M | $3.1M | $3.0M | $758.8K |
| Property, plant and equipment | $403.5K | $591.1K | $361.8K | $643.4K | $200.4K | $236.8K | $294.6K | $31.0K | $26.0K | $14.4K |
| Goodwill | — | $3.3M | $1.7M | $1.7M | $866.8K | $866.8K | $866.8K | $866.8K | $866.8K | $866.8K |
| Other intangibles | $819.2K | $1.5M | $2.1M | $2.8M | $3.4M | $4.1M | $4.8M | $65.3K | $101.9K | $217.2K |
| Total assets | $8.5M | $24.0M | $41.9M | $34.0M | $19.5M | $7.3M | $10.0M | $4.1M | $3.1M | $2.4M |
| Accounts payable | — | — | — | $5.8M | $6.6M | $6.8M | $3.6M | $3.1M | $334.9K | $775.6K |
| Short-term debt | $15.0M | — | — | — | — | — | $736.2K | $582.5K | $435.0K | $1.8M |
| Total current liabilities | $18.2M | $6.1M | $12.7M | $23.5M | $10.0M | $15.7M | $7.1M | $4.8M | $2.8M | $4.1M |
| Long-term debt | $13.3M | $4.0M | $5.0M | $7.7M | — | $1.1M | $2.2M | $680.0K | $52.2K | $58.7K |
| Total liabilities | $23.9M | $8.7M | $13.5M | $28.9M | $15.9M | $18.1M | $14.7M | $6.1M | $3.7M | $4.2M |
| Retained earnings | -$97.0M | -$60.9M | -$15.2M | -$35.8M | -$35.1M | -$21.6M | -$10.9M | -$2.4M | -$617.2K | -$6.0M |
| Total equity | -$15.3M | $15.3M | $28.4M | $5.1M | $3.6M | -$10.7M | -$4.7M | -$2.0M | -$617.2K | -$3.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$21.3M | -$21.3M | $10.3M | $793.3K | -$15.3M | -$4.3M | -$6.5M | -$1.0M | $227.8K | -$641.9K |
| Depreciation and amortisation | $206.2K | $942.5K | $281.5K | $279.9K | $67.1K | $1.2M | $227.3K | $149.6K | $6.9K | $433.1K |
| Stock-based compensation | $1.7M | $1.6M | $613.8K | $37.2K | $3.6K | $183.0K | $329.6K | $157.9K | — | — |
| Capital expenditure | $18.6K | $518.2K | — | $11.4K | $51.4K | $6.6K | $227.6K | $331.8K | $147.0K | $3.0K |
| Investing cash flow | -$18.6K | -$3.0M | -$281.3K | -$1.5M | -$376.7K | $8.4K | -$32.2K | -$278.0K | -$147.0K | -$503.0K |
| Financing cash flow | $10.5M | $22.5M | -$2.4M | $1.5M | $21.3M | $4.6M | $6.5M | $464.1K | $607.1K | $1.1M |
| Buybacks | $1,000.0K | — | — | — | — | $500.0K | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-021739.
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