NASDAQ:SURG
SurgePays, Inc.
SurgePays, Inc.'s revenue fell 6.4% in fiscal 2025 to $57.0M while operating margin rose to −59.9%. Free cash flow was −$21.3M, −37.4% of revenue, and the diluted share count rose 5.1%.Summary generated from SurgePays, Inc.'s SEC filings. Latest annual report filed Apr 15, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$57.0M
Revenue growth−6.4%
Revenue, 5-yr CAGR+0.9%
Gross margin−18.6%
Operating margin−59.9%
Net margin−63.3%
ROIC−1444.3%
Return on equityn/a
Debt / equityn/a
Free cash flow−$21.3M
FCF margin−37.4%
Share count change+5.1%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 51 | 122 | 137 | 61 | 57 |
| Operating income | −6 | 1 | 19 | −43 | −34 |
| Net income | −14 | −1 | 21 | −46 | −36 |
| Free cash flow | −15 | 1 | n/a | −22 | −21 |
Recent filings
- 8-K/AAmended current report
Sep 30, 2026 - 8-KNotice of delisting or listing-rule failure
Sep 29, 2026 - 8-KChange in auditor
Sep 16, 2026 - 4Insider transaction report
Sep 16, 2026 - 4Insider transaction report
Sep 14, 2026 - 8-KEntry into a material agreement
Sep 10, 2026 - 8-KOther events
Sep 3, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 19, 2026