Symbols / SURG Stock $0.54 -1.91% SurgePays, Inc.

Communication Services • Telecom Services • United States • NCM
SURG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
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 13.57M
Enterprise Value 25.56M
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 9.00
PEG 0.48
P/S 0.24
P/B -0.74
P/C —
EV/EBITDA -0.86
EV/Sales 0.45
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) 2026-05-12
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 17.62M
Insider Own 35.00%
Instit Own 8.21%
Short Float 7.19%
Short Ratio 5.29
Short Interest 1.36M
52W High 3.45
vs 52W High -84.35%
52W Low 0.46
vs 52W Low 17.39%
Beta 0.34
Impl. Vol. 7.67%
Rel Volume 1.08
Avg Volume 314.50K
Volume 338.76K
Target (mean) $5.00
Tgt Median $5.00
Tgt Low $5.00
Tgt High $5.00
# Analysts 1
Recom Buy
Prev Close $0.55
Price $0.54
Change -1.91%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.00
Mean price target
2. Current target
$0.54
Latest analyst target
3. DCF / Fair value
$-5.90
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.54
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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