Symbols / SURG $0.70 -2.99% SurgePays, Inc.

Communication Services • Telecom Services • United States • NCM
SURG Chart
About

SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in two segments, Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The company offers mobile broadband solutions to consumers; ACH banking relationships and fintech transactions platform to convenience stores; prepaid wireless top-ups platform for convenience store clerks to handle top-ups for wireless brands; and transaction and marketing solutions. SurgePays, Inc. is headquartered in Bartlett, Tennessee.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Telecom Services Market Cap 16.98M
Enterprise Value 25.02M Income -42.02M Sales 50.37M
Book/sh -0.32 Cash/sh 0.12 Dividend Yield —
Payout 0.00% Employees 130 IPO —
P/E — Forward P/E 12.74 PEG —
P/S 0.34 P/B -2.21 P/C —
EV/EBITDA -0.65 EV/Sales 0.50 Quick Ratio 0.39
Current Ratio 0.52 Debt/Eq — LT Debt/Eq —
EPS (ttm) -2.13 EPS next Y 0.06 EPS Growth —
Revenue Growth 291.60% Earnings 2026-04-14 ROA -88.67%
ROE -3.14% ROIC — Gross Margin -38.56%
Oper. Margin -37.21% Profit Margin -83.42% Shs Outstand 24.23M
Shs Float 15.56M Short Float 6.64% Short Ratio 7.41
Short Interest — 52W High 3.47 52W Low 0.68
Beta 0.34 Avg Volume 236.72K Volume 117.58K
Target Price $9.75 Recom None Prev Close $0.72
Price $0.70 Change -2.99%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.75
Mean price target
2. Current target
$0.70
Latest analyst target
3. DCF / Fair value
$-9.81
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.70
Low
$9.75
High
$9.75
Mean
$9.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-22 main Ascendiant Capital Buy → Buy $10
2025-10-03 main Ascendiant Capital Buy → Buy $10
2025-06-16 main Ascendiant Capital Buy → Buy $9
2025-04-22 main Ascendiant Capital Buy → Buy $9
2024-12-16 main Ascendiant Capital Buy → Buy $9
2024-06-06 main Ascendiant Capital Buy → Buy $10
2024-04-01 main Ascendiant Capital Buy → Buy $10
2024-03-13 down Maxim Group Buy → Hold —
2022-02-28 init Maxim Group — → Buy $6
2022-01-24 init Ascendiant Capital — → Buy $7
News
RSS: Latest SURG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-31 EVERS ANTHONY GEORGE Chief Financial Officer — 200,000 $0.00 $0
2025-12-10 MAY DAVID ALLEN Director — 38,422 $1.60 $61,647
2025-06-06 MAY DAVID ALLEN Director — 63,000 $2.81 $177,282
2025-05-22 KEYS DAVID N Director — 50,000 $0.00 $0
2025-05-22 WEISBERG LAURIE Director — 50,000 $0.00 $0
2025-05-22 SCHURFELD RICHARD EARL Director — 50,000 $0.00 $0
2025-05-16 COX KEVIN BRIAN Chief Executive Officer — 15,073 $2.75 $41,451
2024-12-03 COX KEVIN BRIAN Chief Executive Officer — 35,180 $1.82 $64,084
2024-12-02 EVERS ANTHONY GEORGE Chief Financial Officer — 36,666 $1.86 $68,199
2024-11-25 WEISBERG LAURIE Director — 7,808 $1.67 $13,972
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
60.88
-55.61%
137.14
+12.83%
121.54
+138.04%
51.06
Operating Revenue
60.88
-55.61%
137.14
+12.83%
121.54
+138.04%
51.06
Cost Of Revenue
75.21
-25.91%
101.50
-6.08%
108.07
+140.75%
44.89
Reconciled Cost Of Revenue
75.08
-26.00%
101.46
-6.07%
108.02
+141.47%
44.73
Gross Profit
-14.32
-140.19%
35.64
+164.62%
13.47
+118.31%
6.17
Operating Expense
27.46
+63.66%
16.78
+30.63%
12.84
+5.81%
12.14
Selling General And Administration
26.29
+67.33%
15.71
+31.91%
11.91
+4.69%
11.38
Selling And Marketing Expense
0.11
-28.69%
0.15
-41.07%
0.26
-60.77%
0.66
General And Administrative Expense
26.18
+68.28%
15.56
+33.54%
11.65
+8.73%
10.72
Salaries And Wages
14.61
+130.26%
6.34
+32.67%
4.78
+23.45%
3.87
Other Gand A
10.48
+31.56%
7.97
+49.32%
5.34
-11.85%
6.05
Total Expenses
102.66
-13.20%
118.28
-2.18%
120.92
+112.03%
57.03
Operating Income
-41.78
-321.48%
18.87
+2913.55%
0.63
+110.49%
-5.97
Total Operating Income As Reported
-41.78
-321.48%
18.87
+2876.62%
0.63
+110.58%
-5.99
EBITDA
-41.22
-305.25%
20.08
+738.80%
2.39
+146.98%
-5.10
Normalized EBITDA
-39.71
-297.75%
20.08
+978.37%
1.86
+125.51%
-7.30
Reconciled Depreciation
1.29
+16.67%
1.11
+12.02%
0.99
+7.76%
0.92
EBIT
-42.51
-324.04%
18.98
+1250.03%
1.41
+123.37%
-6.01
Total Unusual Items
-1.51
0.00
-100.00%
0.53
-75.89%
2.21
Total Unusual Items Excluding Goodwill
-1.51
0.00
-100.00%
0.53
-75.89%
2.21
Special Income Charges
-1.88
0.00
-100.00%
0.53
-76.35%
2.25
Other Special Charges
0.19
—
-0.52
-38.76%
-0.38
Impairment Of Capital Assets
1.18
0.00
—
—
Write Off
0.50
0.00
+100.00%
-0.01
-131.27%
0.02
Net Income
-45.73
-321.79%
20.62
+3128.65%
-0.68
+94.97%
-13.53
Pretax Income
-43.07
-334.32%
18.38
+3422.25%
-0.55
+95.91%
-13.53
Net Non Operating Interest Income Expense
-0.45
+24.69%
-0.60
+69.57%
-1.96
+73.94%
-7.52
Interest Expense Non Operating
0.55
-7.01%
0.60
-69.57%
1.96
-73.94%
7.52
Net Interest Income
-0.45
+24.69%
-0.60
+69.57%
-1.96
+73.94%
-7.52
Interest Expense
0.55
-7.01%
0.60
-69.57%
1.96
-73.94%
7.52
Interest Income Non Operating
0.11
0.00
—
—
Interest Income
0.11
0.00
—
—
Other Income Expense
-0.84
-859.16%
0.11
-85.86%
0.78
+1806.55%
-0.05
Other Non Operating Income Expenses
0.64
—
0.34
+114.77%
-2.28
Gain On Sale Of Security
0.37
—
—
-0.04
Gain On Sale Of Business
—
—
0.00
-100.00%
1.90
Tax Provision
2.87
+226.71%
-2.27
0.00
—
Tax Rate For Calcs
0.00
+0.00%
0.00
0.00
0.00
Tax Effect Of Unusual Items
-0.32
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-45.94
-322.52%
20.64
+3831.66%
-0.55
+95.91%
-13.53
Net Income From Continuing Operation Net Minority Interest
-45.73
-321.79%
20.62
+3128.65%
-0.68
+94.97%
-13.53
Net Income From Continuing And Discontinued Operation
-45.73
-321.79%
20.62
+3128.65%
-0.68
+94.97%
-13.53
Net Income Continuous Operations
-45.94
-322.52%
20.64
+3831.66%
-0.55
+95.91%
-13.53
Minority Interests
0.21
+880.82%
-0.03
+79.06%
-0.13
0.00
Normalized Income
-44.54
-316.02%
20.62
+1800.20%
-1.21
+92.29%
-15.74
Net Income Common Stockholders
-45.73
-321.79%
20.62
+3128.65%
-0.68
+94.97%
-13.53
Diluted EPS
-2.39
-273.19%
1.38
+2860.00%
-0.05
+98.38%
-3.09
Basic EPS
-2.39
-264.83%
1.45
+3000.00%
-0.05
+98.38%
-3.09
Basic Average Shares
19.12
+34.09%
14.26
+15.03%
12.40
+182.89%
4.38
Diluted Average Shares
19.12
+28.12%
14.92
+20.39%
12.40
+182.89%
4.38
Diluted NI Availto Com Stockholders
-45.73
-321.79%
20.62
+3128.65%
-0.68
+94.97%
-13.53
Depreciation Amortization Depletion Income Statement
1.17
+9.51%
1.06
+14.22%
0.93
+22.68%
0.76
Depreciation And Amortization In Income Statement
1.17
+9.51%
1.06
+14.22%
0.93
+22.68%
0.76
Earnings From Equity Interest
0.03
-69.27%
0.11
+223.71%
-0.09
-410.65%
0.03
Insurance And Claims
1.10
-12.29%
1.25
-18.63%
1.54
+94.01%
0.79
Line Item Trend 2024-12-31 2023-12-31
Total Assets
23.98
-42.81%
41.93
Current Assets
17.87
-46.44%
33.37
Cash Cash Equivalents And Short Term Investments
11.79
-19.37%
14.62
Cash And Cash Equivalents
11.79
-19.37%
14.62
Cash Financial
11.79
-19.37%
14.62
Receivables
3.00
-68.54%
9.54
Accounts Receivable
3.00
-68.54%
9.54
Gross Accounts Receivable
3.00
-68.60%
9.55
Allowance For Doubtful Accounts Receivable
0.00
+100.00%
-0.02
Inventory
1.78
-80.31%
9.05
Prepaid Assets
—
—
Restricted Cash
1.00
0.00
Other Current Assets
0.30
+84.25%
0.16
Total Non Current Assets
6.11
-28.66%
8.56
Net PPE
1.16
+54.18%
0.75
Gross PPE
2.17
+47.06%
1.48
Accumulated Depreciation
-1.02
-39.73%
-0.73
Properties
0.00
0.00
Machinery Furniture Equipment
1.30
+19.46%
1.09
Other Properties
0.56
+45.61%
0.39
Leases
0.31
0.00
Goodwill And Other Intangible Assets
4.77
+10.16%
4.33
Goodwill
3.30
+97.99%
1.67
Other Intangible Assets
1.47
-44.75%
2.67
Investments And Advances
0.00
-100.00%
0.46
Long Term Equity Investment
0.00
-100.00%
0.46
Non Current Deferred Assets
0.00
-100.00%
2.83
Non Current Deferred Taxes Assets
0.00
-100.00%
2.83
Total Liabilities Net Minority Interest
8.71
-35.55%
13.52
Current Liabilities
6.06
-52.31%
12.71
Payables And Accrued Expenses
4.12
-48.84%
8.06
Payables
4.12
-48.84%
8.06
Accounts Payable
3.93
-38.98%
6.44
Total Tax Payable
0.00
-100.00%
0.57
Income Tax Payable
0.00
-100.00%
0.57
Current Debt And Capital Lease Obligation
1.94
-58.13%
4.63
Current Debt
1.69
-63.15%
4.58
Other Current Borrowings
1.69
-63.15%
4.58
Current Capital Lease Obligation
0.25
+475.07%
0.04
Current Deferred Liabilities
0.00
-100.00%
0.02
Current Deferred Revenue
0.00
-100.00%
0.02
Other Current Liabilities
—
—
Total Non Current Liabilities Net Minority Interest
2.65
+225.04%
0.82
Long Term Debt And Capital Lease Obligation
2.65
+225.04%
0.82
Long Term Debt
2.34
+407.18%
0.46
Long Term Capital Lease Obligation
0.32
-10.40%
0.36
Stockholders Equity
15.32
-45.78%
28.25
Common Stock Equity
15.32
-45.78%
28.25
Capital Stock
0.02
+41.87%
0.01
Common Stock
0.02
+41.87%
0.01
Preferred Stock
—
—
Share Issued
20.43
+41.85%
14.40
Ordinary Shares Number
20.07
+39.34%
14.40
Treasury Shares Number
0.36
0.00
Additional Paid In Capital
76.84
+76.97%
43.42
Retained Earnings
-60.92
-301.12%
-15.19
Treasury Stock
0.63
0.00
Minority Interest
-0.05
-135.21%
0.15
Total Equity Gross Minority Interest
15.26
-46.27%
28.40
Total Capitalization
17.65
-38.52%
28.71
Working Capital
11.81
-42.84%
20.66
Invested Capital
19.34
-41.91%
33.29
Total Debt
4.59
-15.65%
5.44
Net Debt
—
—
Capital Lease Obligations
0.57
+42.03%
0.40
Net Tangible Assets
10.54
-55.92%
23.92
Tangible Book Value
10.54
-55.92%
23.92
Current Notes Payable
—
—
Duefrom Related Parties Current
—
—
Dueto Related Parties Current
0.19
-81.60%
1.05
Investmentsin Associatesat Cost
0.00
-100.00%
0.46
Line Of Credit
—
—
Non Current Note Receivables
0.18
+0.00%
0.18
Preferred Stock Equity
—
—
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-21.31
-307.15%
10.29
+1196.82%
0.79
+105.19%
-15.29
Cash Flow From Continuing Operating Activities
-21.31
-307.15%
10.29
+1196.82%
0.79
+105.19%
-15.29
Net Income From Continuing Operations
-45.94
-322.52%
20.64
+3831.66%
-0.55
+95.91%
-13.53
Depreciation Amortization Depletion
1.29
+16.67%
1.11
+12.02%
0.99
+7.76%
0.92
Depreciation
1.07
+9.29%
0.98
+191.93%
0.34
-63.47%
0.92
Amortization Cash Flow
0.22
+72.66%
0.13
-80.25%
0.65
—
Depreciation And Amortization
1.29
+16.67%
1.11
+12.02%
0.99
+7.76%
0.92
Amortization Of Intangibles
0.22
+72.66%
0.13
-80.25%
0.65
—
Other Non Cash Items
0.15
-88.62%
1.29
+522.63%
-0.31
-113.66%
2.23
Stock Based Compensation
8.36
+1375.52%
0.57
0.00
-100.00%
0.00
Provisionand Write Offof Assets
—
0.00
-100.00%
0.05
0.00
Asset Impairment Charge
1.68
+1768.31%
0.09
+251.31%
-0.06
-339.46%
0.02
Operating Gains Losses
-0.05
-110.18%
0.47
-5.21%
0.49
+121.84%
-2.25
Gain Loss On Investment Securities
-0.01
-102.36%
0.58
+43.09%
0.40
+842.18%
0.04
Gain Loss On Sale Of PPE
—
—
—
-0.37
Change In Working Capital
13.19
+195.06%
-13.88
-7863.75%
0.18
+106.66%
-2.68
Change In Receivables
6.54
+1751.65%
-0.40
+93.32%
-5.92
-98.11%
-2.99
Changes In Account Receivables
6.54
+1751.65%
-0.40
+93.32%
-5.92
-91.36%
-3.09
Change In Inventory
7.27
+239.55%
2.14
+131.11%
-6.88
-61.64%
-4.26
Change In Prepaid Assets
-0.14
-170.64%
-0.05
+54.80%
-0.11
-2089.72%
0.01
Change In Payables And Accrued Expense
-3.44
-731.39%
0.54
+252.86%
0.15
-96.80%
4.81
Change In Accrued Expense
—
0.57
0.00
—
Change In Payable
-3.44
-731.39%
0.54
+252.86%
0.15
-96.80%
4.81
Change In Account Payable
-2.87
-11030.88%
-0.03
-116.70%
0.15
-96.80%
4.81
Change In Other Working Capital
2.81
+192.05%
-3.06
-9127.85%
-0.03
+80.16%
-0.17
Change In Other Current Assets
—
—
0.00
-100.00%
0.06
Change In Other Current Liabilities
0.15
+101.14%
-13.06
-200.69%
12.97
+8544.18%
-0.15
Investing Cash Flow
-3.00
-968.09%
-0.28
+81.23%
-1.50
-297.79%
-0.38
Cash Flow From Continuing Investing Activities
-3.00
-968.09%
-0.28
+81.23%
-1.50
-297.79%
-0.38
Net PPE Purchase And Sale
-0.52
0.00
+100.00%
-0.01
+77.82%
-0.05
Purchase Of PPE
-0.52
0.00
+100.00%
-0.01
+77.82%
-0.05
Capital Expenditure
-0.52
-84.21%
-0.28
+59.73%
-0.70
-1258.90%
-0.05
Capital Expenditure Reported
0.00
+100.00%
-0.28
+27.35%
-0.39
0.00
Net Investment Purchase And Sale
0.01
0.00
—
—
Purchase Of Investment
-10.16
0.00
—
—
Sale Of Investment
10.17
0.00
—
—
Net Business Purchase And Sale
-2.50
0.00
+100.00%
-0.80
-145.91%
-0.33
Purchase Of Business
-2.50
0.00
+100.00%
-0.80
-145.91%
-0.33
Gain Loss On Sale Of Business
—
—
0.00
+100.00%
-1.90
Net Intangibles Purchase And Sale
—
0.00
+100.00%
-0.30
0.00
Purchase Of Intangibles
—
0.00
+100.00%
-0.30
0.00
Financing Cash Flow
22.48
+1029.21%
-2.42
-266.02%
1.46
-93.15%
21.27
Cash Flow From Continuing Financing Activities
22.48
+1029.21%
-2.42
-266.02%
1.46
-93.15%
21.27
Net Issuance Payments Of Debt
-1.54
+41.42%
-2.63
-280.29%
1.46
-33.71%
2.20
Issuance Of Debt
—
0.00
-100.00%
6.70
-21.40%
8.52
Repayment Of Debt
-1.54
+41.42%
-2.63
+49.90%
-5.24
+17.13%
-6.33
Long Term Debt Issuance
—
0.00
-100.00%
6.70
-21.40%
8.52
Long Term Debt Payments
-1.54
+41.42%
-2.63
+49.90%
-5.24
+17.13%
-6.33
Net Long Term Debt Issuance
-1.54
+41.42%
-2.63
-280.29%
1.46
-33.71%
2.20
Net Common Stock Issuance
16.62
0.00
-100.00%
0.00
-100.00%
21.30
Common Stock Payments
-0.63
0.00
—
0.00
Repurchase Of Capital Stock
-0.63
0.00
—
0.00
Proceeds From Stock Option Exercised
8.80
+4145.93%
0.21
+43713.95%
0.00
—
Net Other Financing Charges
-1.40
—
—
-2.22
Changes In Cash
-1.83
-124.14%
7.59
+908.62%
0.75
-86.59%
5.61
Beginning Cash Position
14.62
+107.83%
7.04
+11.97%
6.28
+832.28%
0.67
End Cash Position
12.79
-12.53%
14.62
+107.83%
7.04
+11.97%
6.28
Free Cash Flow
-21.83
-318.16%
10.01
+10467.16%
0.09
+100.62%
-15.34
Interest Paid Supplemental Data
0.47
+111.49%
0.22
-57.49%
0.52
-39.65%
0.87
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Change In Income Tax Payable
-0.57
-200.00%
0.57
—
—
Change In Tax Payable
-0.57
-200.00%
0.57
—
—
Common Stock Issuance
17.25
0.00
-100.00%
0.00
-100.00%
21.30
Earnings Losses From Equity Investments
-0.03
+69.27%
-0.11
-223.71%
0.09
+410.65%
-0.03
Issuance Of Capital Stock
17.25
0.00
-100.00%
0.00
-100.00%
21.30
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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