15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $57M | -$36M | -18.6% | -59.9% | 235.0% | -423.6% | -$21M | $15M | $2M |
| 2024 | $61M | -$46M | -23.5% | -71.4% | -298.6% | -190.7% | -$22M | $4M | $12M |
| 2023 | $137M | $21M | 26.0% | 13.8% | 73.0% | 49.2% | — | $5M | $15M |
| 2022 | $122M | -$680763 | 11.1% | 0.5% | -13.6% | -2.0% | $781870 | $8M | $7M |
| 2021 | $51M | -$14M | 12.1% | -11.7% | -381.0% | -69.4% | -$15M | — | $6M |
| 2020 | $54M | -$11M | 4.5% | -18.6% | 100.0% | -146.4% | -$4M | $8M | $673995 |
| 2019 | $26M | -$8M | 12.1% | -30.2% | 179.7% | -84.6% | -$7M | $9M | $346040 |
| 2018 | $15M | -$2M | 43.8% | -10.1% | 77.5% | -37.7% | -$1M | $1M | $444612 |
| 2017 | — | $3M | — | — | -448.4% | 90.0% | $80802 | $487188 | $1M |
| 2016 | — | -$5M | — | — | 136.1% | -195.2% | -$644877 | $2M | $439271 |
| 2015 | — | -$1M | — | — | 220.2% | -50.9% | -$234253 | $747140 | $69489 |
| 2014 | — | $33299 | — | — | 100.7% | 2.3% | — | $794941 | $37817 |
| 2014 | — | -$55624 | — | — | 6.3% | -2141.0% | — | — | $322 |
| 2014 | — | -$4M | — | — | 415.6% | -164096.9% | — | — | $86 |
| 2013 | — | $94810 | — | — | -21.4% | 15.7% | $32126 | $702047 | $127219 |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $16M | $1M | -2.6% | 21.3% | -6.2% | 13.9% | — | $18M | $2M |
| Mar '26 | $16M | -$12M | -48.2% | -70.1% | 50.6% | -126.8% | — | — | $2M |
| Dec '25 | $16M | -$14M | -14.8% | -79.1% | 90.3% | -162.8% | — | $15M | $2M |
| Sep '25 | $19M | -$7M | -13.9% | -37.2% | 117.6% | -51.7% | — | $12M | $3M |
| Jun '25 | $12M | -$7M | -23.0% | -59.1% | -6099.6% | -46.5% | — | $10M | $4M |
| Mar '25 | $11M | -$8M | -27.8% | -71.7% | -97.4% | -48.7% | — | $4M | $5M |
| Dec '24 | $10M | -$20M | -117.0% | -209.0% | -129.4% | -82.6% | — | $4M | $12M |
| Sep '24 | $5M | -$14M | -164.2% | -299.4% | -43.1% | -34.4% | — | $4M | $14M |
| Jun '24 | $15M | -$13M | -22.8% | -72.1% | -27.9% | -22.8% | — | $5M | — |
| Mar '24 | $31M | $1M | 26.0% | 5.6% | 2.2% | 1.8% | — | $5M | — |
| Dec '23 | $32M | $3M | 23.0% | 2.7% | 10.7% | 7.2% | — | $5M | $15M |
| Sep '23 | $34M | $7M | 30.7% | 20.8% | 29.9% | 16.4% | — | $5M | — |
| Jun '23 | $36M | $6M | 27.9% | 17.3% | 36.5% | 14.9% | — | $6M | — |
| Mar '23 | $35M | $5M | 22.1% | 13.5% | 46.1% | 11.2% | — | $7M | — |
| Dec '22 | $36M | $3M | 18.6% | 9.8% | 61.0% | 9.0% | $5M | $8M | $7M |
| Sep '22 | $36M | -$2M | 5.3% | -2.8% | -243.8% | -4.6% | -$801180 | — | $8M |
| Jun '22 | $28M | -$973037 | 7.8% | -3.0% | -45.8% | -3.3% | $175483 | — | $9M |
| Mar '22 | $21M | -$1M | 12.5% | -5.0% | -50.8% | -6.8% | -$3M | — | $3M |
| Dec '21 | $14M | -$7M | 12.8% | -0.6% | -192.7% | -35.1% | -$8M | — | $6M |
| Sep '21 | $15M | -$2M | 13.1% | -6.9% | 15.7% | -19.2% | -$2M | — | $635527 |
How the market has priced SURG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, SurgePays, Inc.'s revenue has grown 0.9% per year. These are computed facts, not advice.
As of FY2025, SurgePays, Inc. reported $15M of total debt against $2M of cash; operating income covered interest expense -17.0×.
In FY2025, gross margin was -18.6%, operating margin -59.9%, and net margin -63.3%.
As of Sep '26, SurgePays, Inc. traded at a price-to-earnings ratio of about 5.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.