SurgePays, Inc. Income Statement
SURG|13 years of annual SEC 10-K data (FY2013-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 13 fiscal years. All figures from audited SEC 10-K filings.
SurgePays, Inc. reported $61M in revenue and $46M in net loss for FY2025. Revenue has grown at a 135.5% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
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.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.9M | $137.1M | $121.5M | $51.1M | $54.4M | $25.7M | $15.2M | $13.5M | $3.3M | $2.8M | $31.3K | $1.5K | $2.1K |
| Cost of Revenue | $75.2M | $101.5M | $108.1M | $44.9M | $51.9M | $22.6M | $8.6M | $8.1M | $2.3M | $2.3M | $2.3M | - | - |
| Gross Profit | - | - | - | - | - | $3.1M | $6.7M | $5.4M | $968.3K | $500.7K | $500.7K | - | - |
| SG&A Expense | $27.5M | $16.8M | $12.8M | $12.2M | $12.6M | $10.7M | $8.1M | $5.2M | $3.3M | $1.3M | $1.3M | $36.6K | $652.8K |
| Operating Income | -$43.5M | $18.9M | $633.8K | -$6.0M | -$10.1M | -$7.8M | -$1.5M | $204.3K | -$3.1M | -$1.3M | -$60.8K | -$36.5K | -$651.9K |
| Interest Expense | $215.6K | - | - | $400.0K | - | - | - | - | - | - | $15.2K | $37.5K | $13.1K |
| Income Tax | $2.9M | -$2.3M | -$2.3M | - | - | - | $82.2K | $82.2K | - | - | - | - | - |
| Net Income | -$45.7M | $20.6M | -$680.8K | -$13.5M | -$10.7M | -$8.4M | -$1.5M | $2.8M | -$4.6M | -$1.3M | -$6.9K | -$5.4K | -$5.4K |
| EPS (Basic) | -$2.39 | $1.45 | -$0.05 | -$3.09 | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | -$2.39 | $1.38 | -$0.05 | - | -$5.02 | -$0.09 | -$0.02 | $0.04 | -$0.10 | -$0.04 | $0.00 | $0.00 | -$0.03 |
| Shares Outstanding | 20.1M | 14.4M | 14.1M | 12.1M | 2.5M | 102.2M | 88.0M | 152.6M | 57.3M | 3.1M | 28.0M | 21.6M | 21.6M |
| Gross Margin | - | - | - | - | - | 12.1% | 43.8% | 39.9% | 29.4% | 17.7% | 1600.1% | - | - |
| Operating Margin | -71.4% | 13.8% | 0.5% | -11.7% | -18.6% | -30.2% | -10.1% | 1.5% | -94.2% | -46.6% | -194.3% | -2512.8% | -31133.7% |
| Profit Margin | -75.1% | 15.0% | -0.6% | -26.5% | -19.7% | -32.8% | -10.1% | 20.6% | -139.5% | -47.2% | -22.1% | -370.7% | -256.9% |