SurgePays, Inc.

SURG Communication Services Telecom Services

SurgePays, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $57.0 million, down 6.44% from fiscal 2024. In the quarter to June 2026, revenue grew 40.7%, EPS grew 113.9%, free cash flow grew 57.0% and total debt fell 38.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

0.12 0.01 −7.69%
Market cap
$6.7M
P/E
0.0×
Fwd P/E
−1.1×
Dividend yield
—
F-score
3/9
Altman Z
−23.22
Beneish M
n/a
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Piotroski F-Score
3 2 6 5 3 4 1 2 — —
P/E ratio
0.00 0.00 4.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
(23.22) (4.07) 8.92 4.00 (0.34) (3.21) 57.02 154.28 486.96 (9.58)
P/S ratio
0.59 0.56 0.74 0.68 0.17 0.23 56.05 101.67 0.00 0.00
Altman Z″-Score (non-manufacturers)
(73.38) (15.39) 7.28 (2.33) (6.39) (32.45) (11.40) (7.59) 0.00 (33.57)
P/FCF ratio
0.00 0.00 10.12 869.09 0.00 0.00 0.00 0.00 0.00 0.00
Beneish M-Score
— — (1.37) (1.23) 14.24 (5.69) 6.46 30.82 3.19 —
P/Operating CF
(9.41) (4.31) 51.71 17.35 (1.09) (13.28) (914.27) (1,287.19) 0.00 0.00
P/B ratio
0.00 2.23 3.56 16.08 2.49 0.00 0.00 0.00 0.00 0.00
Price to Tangible BV
0.00 3.24 4.11 122.57 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
0.74 0.47 0.67 0.70 0.25 0.28 56.34 101.71 0.00 0.00
EV/EBITDA
0.00 0.00 4.61 49.03 0.00 0.00 0.00 0.00 0.00 0.00
EV/Operating CF
(1.98) (1.34) 8.94 107.41 (0.85) (3.48) (222.02) (1,525.99) 0.00 0.00
EV/FCF
(1.93) (1.30) 9.19 899.77 (0.85) (3.48) (204.50) (1,525.99) 0.00 0.00
Quick Ratio
0.33 2.61 1.90 0.69 0.95 0.05 0.48 0.14 0.46 0.05
Current Ratio
0.38 2.95 2.63 1.17 1.39 0.08 0.51 0.64 1.06 0.19
Net Debt/EBITDA
(0.12) 0.25 (0.71) (1.16) 0.55 (0.37) (1.03) (0.45) 0.74 (0.97)
Debt/Assets
66.10% 9.74% 1.10% 14.77% 28.27% 42.98% 80.15% 26.32% 46.51% 97.19%
Debt/Equity
(0.37) 0.15 0.02 0.98 1.55 (0.29) (1.70) (0.54) (2.32) (1.26)
Asset Turnover
3.51 1.85 3.61 4.54 3.81 6.29 3.66 4.26 4.95 1.20
Operating CF/Net income
0.59 0.47 0.50 (1.17) 1.13 0.40 0.77 0.66 0.08 0.15
Capex/Depreciation
0.00 (0.24) (0.25) (0.63) (0.01) 0.00 (0.65) (2.22) 0.00 0.00
Interest Coverage
(17.04) (78.43) 31.65 0.34 (1.56) (2.11) (34.22) (10.93) 8.51 (3.29)
ROE
51,089.09% (209.45%) 123.01% (15.71%) 377.13% 138.88% 251.58% 117.55% (226.39%) 749.28%
ROA
(222.02%) (138.78%) 54.31% (2.54%) (100.88%) (123.87%) (120.07%) (43.04%) 101.87% (167.19%)
ROIC
0.00% (565.13%) 82.79% 12.76% (134.75%) 0.00% (164.10%) 0.00% 0.00% 0.00%
Return on Tangible Assets
333.76% (368.73%) 98.07% (14.35%) (330.44%) 75.65% 265.25% 90.59% 1,350.85% 139.96%
Average Days of Receivables
25.92 17.99 25.38 27.72 23.23 1.21 43.33 4.95 0.15 13.99
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
35.24% 45.10% 12.23% 10.56% 23.82% 23.19% 41.41% 52.87% 38.28% 99.17%
Intangible Assets out of Total Assets
0.10 0.20 0.09 0.13 0.22 0.68 0.56 0.23 0.31 0.46
Share Based Compensation of Revenue
5.76% 14.41% 1.77% 0.12% 0.01% 0.34% 1.28% 1.04% 0.00% 0.00%
Graham Net Nets
(0.50) 0.27 0.20 (0.02) (0.23) (1.33) (0.01) 0.00 0.00 0.00
Graham Number
5.59 0.00 8.06 0.00 0.00 23.84 0.31 0.10 0.00 0.00
Earnings Yield
(108.38%) (131.46%) 20.42% (0.60%) (163.79%) (85.16%) (0.59%) (0.10%) (0.10%) (0.10%)
Free Cash Flow Yield
(65.08%) (64.51%) 9.88% 0.12% (173.30%) (34.41%) (0.49%) (0.07%) 0.00% 0.00%
Revenue per Share
2.84 3.18 9.62 9.81 11.65 25.50 0.27 0.19 0.18 3.68
Operating CF per Share
(1.06) (1.11) 0.72 0.06 (3.49) (2.03) (0.07) (0.01) 0.00 (0.79)
Capex per Share
0.00 (0.03) (0.02) (0.06) (0.01) 0.00 0.00 0.00 0.00 0.00
Free Cash Flow per Share
(1.06) (1.14) 0.70 0.01 (3.50) (2.03) (0.07) (0.02) 0.00 (0.79)
Cash per Share
0.10 0.67 1.03 0.57 1.43 0.32 0.00 0.01 0.02 0.07
Shareholders Equity per Share
(0.77) 0.80 1.99 0.41 0.81 (5.03) (0.05) (0.02) (0.01) (2.03)
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
(0.77) 0.80 1.99 0.41 0.81 (5.03) (0.05) (0.02) (0.01) (2.03)
Free Cash Flow
(21.31) (21.83) 10.01 0.09 (15.34) (4.33) (6.76) (1.35) 0.23 (0.70)
Working Capital
(11.21) 11.81 20.66 4.10 3.89 (14.41) (3.48) (1.73) 0.18 (3.30)
Capital Expenditures
(0.02) (0.52) (0.28) (0.70) (0.05) (0.01) (0.23) (0.33) (0.15) 0.00
Net Current Asset Value
(16.94) 9.16 19.84 (1.32) (2.06) (16.80) (11.11) (3.01) (0.70) (3.41)
EV/EBIT
0.00 0.00 4.88 134.44 0.00 0.00 0.00 0.00 0.00 0.00
Capex to Sales
0.00 0.01 0.00 0.01 0.00 0.00 0.01 0.02 0.00 0.00
Price to Operating Income
0.00 0.00 5.37 129.86 0.00 0.00 0.00 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
12.80 3.65 3.06 1.72 22.93 14.31 1.19 4.83 0.27 30.08
Cash ROIC
274.62% (71.83%) 23.01% 0.55% (99.96%) 62.75% (185.20%) 287.41% 10.91% (130.54%)
Accounts Receivable Turnover
16.17 9.71 14.62 19.48 29.77 33.62 15.78 143.68 204.09 36.15
Accounts Payable Turnover
9.34 12.96 13.53 13.94 5.42 7.86 5.73 3.46 6.55 4.35
Inventory Turnover
63.70 13.89 10.03 13.90 19.79 22.89 0.00 0.00 0.00 0.00
Average Days of Payables
55.85 20.01 26.93 25.37 64.99 60.31 74.80 138.59 76.48 102.51
Days of Inventory on Hand
1.83 8.65 32.53 37.78 35.44 1.25 0.00 0.00 0.00 0.00
Average Receivables
3.52 6.27 9.38 6.24 1.72 1.62 1.63 0.11 0.07 0.09
Average Payables
7.23 5.80 7.50 7.75 8.29 6.61 3.95 2.48 1.24 0.64
Average Inventory
1.06 5.41 10.12 7.77 2.27 2.27 — — — —
Average Assets
16.25 32.95 37.96 26.75 13.41 8.66 7.04 3.58 2.72 2.75
Average Common Equity
(0.07) 21.83 16.76 4.33 (3.59) (7.72) (3.36) (1.31) (1.22) (0.61)

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Columns are period end dates