Company / Shareholders' Equity
SurgePays, Inc. Shareholders' Equity History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Shareholders' Equity
-$15.3M
FY2025
5-year range
-$15.3M / $28.2M
FY2021-FY2025
Trend
-200.2%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
SurgePays, Inc. reports negative total equity of -$15M in FY2025. Negative equity can occur when accumulated losses exceed contributed capital, as reported in the balance sheet from the SEC filing.
Based on SEC 10-K filings.
-$15M in FY2025.
Declined from $28M to -$15M over the past 2 years.
Shareholders' Equity over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2025, shareholders' equity decreased 200.2% year-over-year.
- Peak shareholders' equity was recorded in FY2023.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -9.94 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Shareholders' EquityValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$15.3M | -200.2% |
| FY2024 | $15.3M | -45.8% |
| FY2023 | $28.2M | +466.0% |
| FY2022 | $5.0M | +40.5% |
| FY2021 | $3.6M | +175.6% |
| FY2020 | -$4.7M | -136.4% |
| FY2019 | -$2.0M | -222.1% |
| FY2018 | -$617.2K | +66.0% |
| FY2017 | -$1.8M | -199.1% |
| FY2016 | -$606.7K | -1934.3% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026