FY2025 · ended Dec 31, 2025 · Revenue $56.96M, -6.4% YoY · Filed Apr 15, 2026
SurgePays, Inc. (SURG) files with the SEC under industry code 4813, Telephone Communications (No Radiotelephone). In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $57.0 million and a net loss of $36.1 million. Free cash flow was -$21.3 million. As of Jun 30, 2026 it held $2.0 million in cash and investments and $17.9 million in total debt.
Revenue (TTM)
$67.06M
+83.9% vs year-ago TTM
Net income (TTM)
$-32.11M
+34.2% vs year-ago TTM
Operating cash flow (TTM)
$-15.39M
+55.1% vs year-ago TTM
Free cash flow
$-21.31M
+2.4% vs prior year
EPS (TTM)
$-1.43
+42.0% vs year-ago TTM
Dividend per share
None
Shares outstanding
25.12M
+23.1% vs prior year
Net cash
$-15.95M
as of Jun 30, 2026
Operating margin
-41.0%
FY 2026
Company profile
- Industry
- Telephone Communications (No Radiotelephone) (SIC 4813)
- Listed as
- SURG (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Bartlett, TN
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1392694
- Former names
- Surge Holdings, Inc. (until Nov 4, 2020); KSIX Media Holdings, Inc. (until Dec 28, 2017); NORTH AMERICAN ENERGY RESOURCES, INC. (until Jun 10, 2015); North American Energy Resources, Inc. (until Jun 10, 2015); Mar Ked Mineral Exploration, Inc. (until Aug 11, 2008)
Other Telephone Communications (No Radiotelephone) companies
- Verizon Communications Inc VZ
- AT&T Inc. T
- America Movil Sab De CV/ AMX
- Swisscom AG SCMWY
- Telenor ASA TELNY
- Bce Inc BCE
- Telefonica Brasil S.A. VIV
- Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBK TLK
All 33 Telephone Communications (No Radiotelephone) companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $57.0M | $60.9M | $137.1M | $121.5M | $51.1M |
| Operating income | -$34.1M | -$43.5M | $18.9M | $633,785 | -$6.0M |
| Net income | -$36.1M | -$45.7M | $20.6M | -$680,763 | -$13.5M |
| Diluted EPS | -$1.80 | -$2.39 | $1.38 | — | — |
| Operating cash flow | -$21.3M | -$21.3M | $10.3M | $793,272 | -$15.3M |
| Free cash flow | -$21.3M | -$21.8M | — | $781,870 | -$15.3M |
| Total assets | $8.5M | $24.0M | $41.9M | $34.0M | $19.5M |
| Total liabilities | $23.9M | $8.7M | $13.5M | $28.9M | $15.9M |
| Stockholders' equity | -$15.3M | $15.3M | $28.2M | $5.0M | $3.6M |
| Cash and investments | $1.7M | $11.8M | — | $7.0M | $6.3M |
| Total debt | $13.6M | $4.6M | $5.4M | $8.1M | $488,255 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 15, 2026 | Oct 15, 2026 |
| 8-K/A | Amended current report | Sep 30, 2026 | Sep 11, 2026 |
| 8-K |
Current report
Listing notice
|
Sep 29, 2026 | Sep 28, 2026 |
| 8-K |
Current report
Auditor change
|
Sep 16, 2026 | Sep 11, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, Other events
|
Sep 10, 2026 | Sep 7, 2026 |
All 477 SurgePays, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.