SurgePays, Inc.SURGEarnings & Financial Report
SurgePays, Inc. is a U.S.-headquartered fintech and telecommunications company focused on serving underbanked and low-income communities across the country. It offers prepaid wireless plans, reloadable debit cards, digital banking solutions, and daily consumer products through a nationwide network of independent local retail partners such as convenience stores.
SURG Q4 FY2025 Key Financial Metrics
Revenue
$16.2M
Gross Profit
$-2.4M
Operating Profit
$-12.8M
Net Profit
$-13.9M
Gross Margin
-14.8%
Operating Margin
-79.1%
Net Margin
-85.6%
YoY Growth
68.7%
EPS
$-0.68
SurgePays, Inc. Q4 FY2025 Financial Summary
SurgePays, Inc. reported revenue of $16.2M (up 68.7% YoY) for Q4 FY2025, with a net profit of $-13.9M (up 30.0% YoY) (-85.6% margin). Cost of goods sold was $18.6M, operating expenses totaled $10.4M.
Key Financial Metrics
| Total Revenue | $16.2M |
|---|---|
| Net Profit | $-13.9M |
| Gross Margin | -14.8% |
| Operating Margin | -79.1% |
| Report Period | Q4 FY2025 |
SurgePays, Inc. Annual Revenue by Year
SurgePays, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $57.0M).
SurgePays, Inc. Quarterly Revenue & Net Profit History
SurgePays, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $16.2M | +68.7% | $-13.9M | -85.6% |
| Q3 FY2025 | $18.7M | +291.6% | $-7.5M | -40.1% |
| Q2 FY2025 | $11.5M | -23.6% | $-7.1M | -61.5% |
| Q1 FY2025 | $10.6M | -66.3% | $-7.6M | -72.2% |
| Q4 FY2024 | $9.6M | -70.3% | $-19.8M | -206.5% |
| Q3 FY2024 | $4.8M | -86.0% | $-14.3M | -299.3% |
| Q2 FY2024 | $15.1M | -58.0% | $-12.9M | -85.3% |
| Q1 FY2024 | $31.4M | -9.6% | $1.2M | 3.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.4M | $15.1M | $4.8M | $9.6M | $10.6M | $11.5M | $18.7M | $16.2M |
| YoY Growth | -9.6% | -58.0% | -86.0% | -70.3% | -66.3% | -23.6% | 291.6% | 68.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $69.6M | $56.4M | $41.5M | $24.0M | $15.7M | $15.2M | $14.5M | $8.5M |
| Liabilities | $13.4M | $10.1M | $8.2M | $8.7M | $7.9M | $15.2M | $20.9M | $23.9M |
| Equity | $56.0M | $46.2M | $33.2M | $15.3M | $7.8M | $116116 | $-6.4M | $-15.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.0M | $-4.1M | $-13.3M | $-7.9M | $-7.0M | $-6.1M | $-4.6M | $-3.6M |