SurgePays financials
$0.1507+10.56%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $57.0M | $60.9M | $137.1M | $121.5M | $51.1M |
| Gross profit | -$10.6M | -$14.3M | $35.6M | $13.5M | $6.2M |
| Gross margin | −18.6% | −23.5% | 26.0% | 11.1% | 12.1% |
| Operating income | -$34.1M | -$43.5M | $18.9M | $633.8K | -$4.1M |
| Net income | -$36.1M | -$45.7M | $20.6M | -$680.8K | -$13.5M |
| Net margin | −63.3% | −75.1% | 15.0% | −0.6% | −26.5% |
| Diluted EPS | $-1.80 | $-2.39 | $1.38 | $-0.05 | $-3.09 |
| EBITDA | -$29.8M | -$40.6M | $19.9M | $1.6M | -$5.1M |
| Operating cash flow | -$21.3M | -$21.3M | $10.3M | $793.3K | -$15.3M |
| Free cash flow | -$21.3M | -$21.8M | $10.3M | $781.9K | -$15.3M |
| Diluted shares | 20.1M | 19.1M | 14.9M | 12.4M | 4.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.7M | $11.8M | $14.6M | $7.0M | $6.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $10.1M | $469.4K | $460.5K | $7.7M | $1.1M |
| Total assets | $8.5M | $24.0M | $41.9M | $34.0M | $19.5M |
| Total liabilities | $23.9M | $8.7M | $13.5M | $28.9M | $15.9M |
| Shareholders' equity | -$15.4M | $15.3M | $28.4M | $5.1M | $3.6M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology