Company / Working Capital
SurgePays, Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$11.2M
FY2025
5-year range
-$11.2M / $20.7M
FY2021-FY2025
Trend
-194.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Working Capital has fluctuated over the past 10 years, ranging from -$14M in FY2020 to $21M in FY2023.
Based on SEC 10-K filings.
-$11M in FY2025.
Declined from $21M to -$11M over the past 2 years.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- In FY2025, working capital decreased 194.9% year-over-year.
- Peak working capital was recorded in FY2023.
- Lowest working capital in the period was in FY2020.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$11.2M | -194.9% |
| FY2024 | $11.8M | -42.8% |
| FY2023 | $20.7M | +404.0% |
| FY2022 | $4.1M | +5.3% |
| FY2021 | $3.9M | +127.7% |
| FY2020 | -$14.1M | -304.0% |
| FY2019 | -$3.5M | -100.9% |
| FY2018 | -$1.7M | +20.1% |
| FY2017 | -$2.2M | +34.4% |
| FY2016 | -$3.3M | -46.7% |
As of FY2025 · SEC 10-K · Updated Jun 28, 2026