Symbols / SURG Stock $0.50 -4.76% SurgePays, Inc.

Communication Services • Telecom Services • United States • NCM
SURG (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Telecom Services
CEO Mr. Kevin Brian Cox
Exch · Country NCM · United States
Market Cap 12.56M
Enterprise Value 24.99M
Income -36.07M
Sales 56.96M
FCF (ttm) -8.23M
Book/sh -0.73
Cash/sh 0.07
Employees 125
Insider 10d —
IPO Jan 17, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 8.34
PEG 0.48
P/S 0.22
P/B -0.69
P/C —
EV/EBITDA -0.84
EV/Sales 0.44
Quick Ratio 0.32
Current Ratio 0.38
Debt/Eq —
LT Debt/Eq —
EPS (ttm) -1.80
EPS next Y 0.06
EPS Growth —
Revenue Growth 68.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-12
Earnings (prior) 2026-04-13
ROA -117.95%
ROE —
ROIC —
Gross Margin -18.59%
Oper. Margin -57.57%
Profit Margin -63.32%
Shs Outstand 25.12M
Shs Float 17.54M
Insider Own 35.00%
Instit Own 8.77%
Short Float 4.86%
Short Ratio 1.39
Short Interest 919.20K
52W High 3.45
vs 52W High -85.50%
52W Low 0.46
vs 52W Low 8.72%
Beta 0.20
Impl. Vol. 6.81%
Rel Volume 0.69
Avg Volume 351.30K
Volume 244.07K
Target (mean) $5.00
Tgt Median $5.00
Tgt Low $5.00
Tgt High $5.00
# Analysts 1
Recom None
Prev Close $0.53
Price $0.50
Change -4.76%
About

SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in three segments: MVNO wireless brands; MVNE enablement platform (HERO); and point-of-sale (POS) and fintech 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 stores. SurgePays, Inc. is headquartered in Bartlett, Tennessee.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.00
Mean price target
2. Current target
$0.50
Latest analyst target
3. DCF / Fair value
$-5.90
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.50
Low
$5.00
High
$5.00
Mean
$5.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-17 main Ascendiant Capital Buy → Buy $5
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
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 COX KEVIN BRIAN Chief Executive Officer — 1,300,000 $0.00 $707,520
2026-03-24 COX KEVIN BRIAN Chief Executive Officer — 270,745 $0.00 $0
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
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 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
56.96
-6.44%
60.88
-55.61%
137.14
+12.83%
121.54
Operating Revenue
56.96
-6.44%
60.88
-55.61%
137.14
+12.83%
121.54
Cost Of Revenue
67.55
-10.18%
75.21
-25.91%
101.50
-6.08%
108.07
Reconciled Cost Of Revenue
67.30
-10.36%
75.08
-26.00%
101.46
-6.07%
108.02
Gross Profit
-10.59
+26.08%
-14.32
-140.19%
35.64
+164.62%
13.47
Operating Expense
20.07
-26.90%
27.46
+63.66%
16.78
+30.63%
12.84
Selling General And Administration
19.21
-26.93%
26.29
+67.33%
15.71
+31.91%
11.91
Selling And Marketing Expense
0.27
+146.48%
0.11
-28.69%
0.15
-41.07%
0.26
General And Administrative Expense
18.94
-27.66%
26.18
+68.28%
15.56
+33.54%
11.65
Salaries And Wages
8.70
-40.43%
14.61
+130.26%
6.34
+32.67%
4.78
Other Gand A
9.26
-11.67%
10.48
+31.56%
7.97
+49.32%
5.34
Total Expenses
87.62
-14.65%
102.66
-13.20%
118.28
-2.18%
120.92
Operating Income
-30.66
+26.62%
-41.78
-321.48%
18.87
+2913.55%
0.63
Total Operating Income As Reported
-34.14
+21.46%
-43.46
-330.39%
18.87
+2876.62%
0.63
EBITDA
-32.95
+20.05%
-41.22
-305.25%
20.08
+738.80%
2.39
Normalized EBITDA
-29.48
+25.78%
-39.71
-297.75%
20.08
+978.37%
1.86
Reconciled Depreciation
1.11
-14.00%
1.29
+16.67%
1.11
+12.02%
0.99
EBIT
-34.07
+19.87%
-42.51
-324.04%
18.98
+1250.03%
1.41
Total Unusual Items
-3.48
-130.66%
-1.51
0.00
-100.00%
0.53
Total Unusual Items Excluding Goodwill
-3.48
-130.66%
-1.51
0.00
-100.00%
0.53
Special Income Charges
-3.48
-85.28%
-1.88
0.00
-100.00%
0.53
Other Special Charges
—
0.19
—
-0.52
Impairment Of Capital Assets
3.30
+178.86%
1.18
0.00
—
Write Off
0.18
-64.51%
0.50
0.00
+100.00%
-0.01
Net Income
-36.07
+21.13%
-45.73
-321.79%
20.62
+3128.65%
-0.68
Pretax Income
-36.07
+16.25%
-43.07
-334.32%
18.38
+3422.25%
-0.55
Net Non Operating Interest Income Expense
-1.94
-332.26%
-0.45
+24.69%
-0.60
+69.57%
-1.96
Interest Expense Non Operating
2.00
+261.59%
0.55
-7.01%
0.60
-69.57%
1.96
Net Interest Income
-1.94
-332.26%
-0.45
+24.69%
-0.60
+69.57%
-1.96
Interest Expense
2.00
+261.59%
0.55
-7.01%
0.60
-69.57%
1.96
Interest Income Non Operating
0.06
-39.32%
0.11
0.00
—
Interest Income
0.06
-39.32%
0.11
0.00
—
Other Income Expense
-3.47
-314.73%
-0.84
-859.16%
0.11
-85.86%
0.78
Other Non Operating Income Expenses
0.01
-98.88%
0.64
—
0.34
Gain On Sale Of Security
—
0.37
—
—
Gain On Sale Of Business
—
—
—
0.00
Tax Provision
0.00
-100.00%
2.87
+226.71%
-2.27
0.00
Tax Rate For Calcs
0.00
-100.00%
0.00
+0.00%
0.00
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.32
0.00
0.00
Net Income Including Noncontrolling Interests
-36.07
+21.48%
-45.94
-322.52%
20.64
+3831.66%
-0.55
Net Income From Continuing Operation Net Minority Interest
-36.07
+21.13%
-45.73
-321.79%
20.62
+3128.65%
-0.68
Net Income From Continuing And Discontinued Operation
-36.07
+21.13%
-45.73
-321.79%
20.62
+3128.65%
-0.68
Net Income Continuous Operations
-36.07
+21.48%
-45.94
-322.52%
20.64
+3831.66%
-0.55
Minority Interests
0.00
-99.60%
0.21
+880.82%
-0.03
+79.06%
-0.13
Normalized Income
-32.59
+26.82%
-44.54
-316.02%
20.62
+1800.20%
-1.21
Net Income Common Stockholders
-36.07
+21.13%
-45.73
-321.79%
20.62
+3128.65%
-0.68
Diluted EPS
—
-2.39
-273.19%
1.38
+2860.00%
-0.05
Basic EPS
—
-2.39
-264.83%
1.45
+3000.00%
-0.05
Basic Average Shares
—
19.12
+34.09%
14.26
+15.03%
12.40
Diluted Average Shares
—
19.12
+28.12%
14.92
+20.39%
12.40
Diluted NI Availto Com Stockholders
-36.07
+21.13%
-45.73
-321.79%
20.62
+3128.65%
-0.68
Depreciation Amortization Depletion Income Statement
0.86
-26.20%
1.17
+9.51%
1.06
+14.22%
0.93
Depreciation And Amortization In Income Statement
0.86
-26.20%
1.17
+9.51%
1.06
+14.22%
0.93
Earnings From Equity Interest
0.00
-100.00%
0.03
-69.27%
0.11
+223.71%
-0.09
Insurance And Claims
0.98
-10.30%
1.10
-12.29%
1.25
-18.63%
1.54
Provision For Doubtful Accounts
0.18
0.00
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
8.52
-64.48%
23.98
-42.81%
41.93
Current Assets
6.98
-60.94%
17.87
-46.44%
33.37
Cash Cash Equivalents And Short Term Investments
1.73
-85.32%
11.79
-19.37%
14.62
Cash And Cash Equivalents
1.73
-85.32%
11.79
-19.37%
14.62
Cash Financial
—
11.79
-19.37%
14.62
Receivables
4.05
+34.83%
3.00
-68.54%
9.54
Accounts Receivable
4.05
+34.83%
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
0.34
-80.94%
1.78
-80.31%
9.05
Prepaid Assets
—
—
—
Restricted Cash
0.28
-71.82%
1.00
0.00
Other Current Assets
0.58
+95.01%
0.30
+84.25%
0.16
Total Non Current Assets
1.54
-74.84%
6.11
-28.66%
8.56
Net PPE
0.72
-37.98%
1.16
+54.18%
0.75
Gross PPE
1.94
-10.72%
2.17
+47.06%
1.48
Accumulated Depreciation
-1.22
-20.29%
-1.02
-39.73%
-0.73
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
1.30
+0.00%
1.30
+19.46%
1.09
Other Properties
0.31
-44.51%
0.56
+45.61%
0.39
Leases
0.32
+6.07%
0.31
0.00
Goodwill And Other Intangible Assets
0.82
-82.84%
4.77
+10.16%
4.33
Goodwill
0.00
-100.00%
3.30
+97.99%
1.67
Other Intangible Assets
0.82
-44.39%
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
23.92
+174.47%
8.71
-35.55%
13.52
Current Liabilities
18.19
+200.19%
6.06
-52.31%
12.71
Payables And Accrued Expenses
10.34
+150.76%
4.12
-48.84%
8.06
Payables
10.34
+150.76%
4.12
-48.84%
8.06
Accounts Payable
10.22
+160.08%
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
7.85
+305.36%
1.94
-58.13%
4.63
Current Debt
7.63
+351.87%
1.69
-63.15%
4.58
Other Current Borrowings
5.80
+243.30%
1.69
-63.15%
4.58
Current Capital Lease Obligation
0.22
-11.32%
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
5.73
+115.77%
2.65
+225.04%
0.82
Long Term Debt And Capital Lease Obligation
5.73
+115.77%
2.65
+225.04%
0.82
Long Term Debt
5.63
+141.01%
2.34
+407.18%
0.46
Long Term Capital Lease Obligation
0.10
-68.91%
0.32
-10.40%
0.36
Stockholders Equity
-15.35
-200.21%
15.32
-45.78%
28.25
Common Stock Equity
-15.35
-200.21%
15.32
-45.78%
28.25
Capital Stock
0.02
+6.93%
0.02
+41.87%
0.01
Common Stock
0.02
+6.93%
0.02
+41.87%
0.01
Preferred Stock
—
—
—
Share Issued
21.85
+6.93%
20.43
+41.85%
14.40
Ordinary Shares Number
21.15
+5.40%
20.07
+39.34%
14.40
Treasury Shares Number
0.70
+91.92%
0.36
0.00
Additional Paid In Capital
83.25
+8.33%
76.84
+76.97%
43.42
Retained Earnings
-96.98
-59.21%
-60.92
-301.12%
-15.19
Treasury Stock
1.63
+158.24%
0.63
0.00
Minority Interest
-0.06
-1.54%
-0.05
-135.21%
0.15
Total Equity Gross Minority Interest
-15.40
-200.93%
15.26
-46.27%
28.40
Total Capitalization
-9.72
-155.06%
17.65
-38.52%
28.71
Working Capital
-11.21
-194.92%
11.81
-42.84%
20.66
Invested Capital
-2.08
-110.78%
19.34
-41.91%
33.29
Total Debt
13.58
+195.75%
4.59
-15.65%
5.44
Net Debt
11.53
—
—
Capital Lease Obligations
0.32
-43.73%
0.57
+42.03%
0.40
Net Tangible Assets
-16.17
-253.34%
10.54
-55.92%
23.92
Tangible Book Value
-16.17
-253.34%
10.54
-55.92%
23.92
Current Notes Payable
1.83
0.00
—
Duefrom Related Parties Current
—
—
—
Dueto Related Parties Current
0.12
-39.05%
0.19
-81.60%
1.05
Investmentsin Associatesat Cost
—
0.00
-100.00%
0.46
Line Of Credit
—
—
—
Non Current Note Receivables
0.00
-100.00%
0.18
+0.00%
0.18
Preferred Stock Equity
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-21.29
+0.08%
-21.31
-307.15%
10.29
+1196.82%
0.79
Cash Flow From Continuing Operating Activities
-21.29
+0.08%
-21.31
-307.15%
10.29
+1196.82%
0.79
Net Income From Continuing Operations
-36.07
+21.48%
-45.94
-322.52%
20.64
+3831.66%
-0.55
Depreciation Amortization Depletion
1.11
-14.00%
1.29
+16.67%
1.11
+12.02%
0.99
Depreciation
1.11
+3.92%
1.07
+9.29%
0.98
+191.93%
0.34
Amortization Cash Flow
0.00
-100.00%
0.22
+72.66%
0.13
-80.25%
0.65
Depreciation And Amortization
1.11
-14.00%
1.29
+16.67%
1.11
+12.02%
0.99
Amortization Of Intangibles
0.00
-100.00%
0.22
+72.66%
0.13
-80.25%
0.65
Other Non Cash Items
1.40
+854.40%
0.15
-88.62%
1.29
+522.63%
-0.31
Stock Based Compensation
2.64
-68.41%
8.36
+1375.52%
0.57
0.00
Provisionand Write Offof Assets
—
—
0.00
-100.00%
0.05
Asset Impairment Charge
3.48
+106.75%
1.68
+1768.31%
0.09
+251.31%
-0.06
Operating Gains Losses
—
-0.05
-110.18%
0.47
-5.21%
0.49
Gain Loss On Investment Securities
—
-0.01
-102.36%
0.58
+43.09%
0.40
Gain Loss On Sale Of PPE
—
—
—
—
Change In Working Capital
6.15
-53.42%
13.19
+195.06%
-13.88
-7863.75%
0.18
Change In Receivables
-1.04
-115.99%
6.54
+1751.65%
-0.40
+93.32%
-5.92
Changes In Account Receivables
-1.04
-115.99%
6.54
+1751.65%
-0.40
+93.32%
-5.92
Change In Inventory
1.44
-80.15%
7.27
+239.55%
2.14
+131.11%
-6.88
Change In Prepaid Assets
-0.28
-107.78%
-0.14
-170.64%
-0.05
+54.80%
-0.11
Change In Payables And Accrued Expense
6.28
+282.75%
-3.44
-731.39%
0.54
+252.86%
0.15
Change In Accrued Expense
—
—
0.57
0.00
Change In Payable
6.28
+282.75%
-3.44
-731.39%
0.54
+252.86%
0.15
Change In Account Payable
6.28
+319.10%
-2.87
-11030.88%
-0.03
-116.70%
0.15
Change In Other Working Capital
—
2.81
+192.05%
-3.06
-9127.85%
-0.03
Change In Other Current Assets
—
—
—
0.00
Change In Other Current Liabilities
-0.25
-266.86%
0.15
+101.14%
-13.06
-200.69%
12.97
Investing Cash Flow
-0.02
+99.38%
-3.00
-968.09%
-0.28
+81.23%
-1.50
Cash Flow From Continuing Investing Activities
-0.02
+99.38%
-3.00
-968.09%
-0.28
+81.23%
-1.50
Net PPE Purchase And Sale
-0.02
+96.41%
-0.52
0.00
+100.00%
-0.01
Purchase Of PPE
-0.02
+96.41%
-0.52
0.00
+100.00%
-0.01
Capital Expenditure
-0.02
+96.41%
-0.52
-84.21%
-0.28
+59.73%
-0.70
Capital Expenditure Reported
—
0.00
+100.00%
-0.28
+27.35%
-0.39
Net Investment Purchase And Sale
0.00
-100.00%
0.01
0.00
—
Purchase Of Investment
0.00
+100.00%
-10.16
0.00
—
Sale Of Investment
0.00
-100.00%
10.17
0.00
—
Net Business Purchase And Sale
0.00
+100.00%
-2.50
0.00
+100.00%
-0.80
Purchase Of Business
0.00
+100.00%
-2.50
0.00
+100.00%
-0.80
Gain Loss On Sale Of Business
—
—
—
0.00
Net Intangibles Purchase And Sale
—
—
0.00
+100.00%
-0.30
Purchase Of Intangibles
—
—
0.00
+100.00%
-0.30
Financing Cash Flow
10.53
-53.15%
22.48
+1029.21%
-2.42
-266.02%
1.46
Cash Flow From Continuing Financing Activities
10.53
-53.15%
22.48
+1029.21%
-2.42
-266.02%
1.46
Net Issuance Payments Of Debt
-5.59
-263.13%
-1.54
+41.42%
-2.63
-280.29%
1.46
Issuance Of Debt
—
—
0.00
-100.00%
6.70
Repayment Of Debt
-5.59
-263.13%
-1.54
+41.42%
-2.63
+49.90%
-5.24
Long Term Debt Issuance
—
—
0.00
-100.00%
6.70
Long Term Debt Payments
-5.59
-263.13%
-1.54
+41.42%
-2.63
+49.90%
-5.24
Net Long Term Debt Issuance
-5.59
-263.13%
-1.54
+41.42%
-2.63
-280.29%
1.46
Net Common Stock Issuance
1.77
-89.32%
16.62
0.00
-100.00%
0.00
Common Stock Payments
0.00
+100.00%
-0.63
0.00
—
Repurchase Of Capital Stock
0.00
+100.00%
-0.63
0.00
—
Proceeds From Stock Option Exercised
0.00
-100.00%
8.80
+4145.93%
0.21
+43713.95%
0.00
Net Other Financing Charges
14.35
+1128.50%
-1.40
—
—
Changes In Cash
-10.78
-488.38%
-1.83
-124.14%
7.59
+908.62%
0.75
Beginning Cash Position
12.79
-12.53%
14.62
+107.83%
7.04
+11.97%
6.28
End Cash Position
2.01
-84.26%
12.79
-12.53%
14.62
+107.83%
7.04
Free Cash Flow
-21.31
+2.37%
-21.83
-318.16%
10.01
+10467.16%
0.09
Interest Paid Supplemental Data
0.25
-47.71%
0.47
+111.49%
0.22
-57.49%
0.52
Income Tax Paid Supplemental Data
—
0.00
0.00
0.00
Change In Income Tax Payable
0.00
+100.00%
-0.57
-200.00%
0.57
—
Change In Tax Payable
0.00
+100.00%
-0.57
-200.00%
0.57
—
Common Stock Issuance
1.77
-89.71%
17.25
0.00
-100.00%
0.00
Earnings Losses From Equity Investments
0.00
+100.00%
-0.03
+69.27%
-0.11
-223.71%
0.09
Issuance Of Capital Stock
1.77
-89.71%
17.25
0.00
-100.00%
0.00
SEC Filings

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

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