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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and SurgePays, Inc. (SURG). Click either name above to swap in a different company.
FrontView REIT, Inc. is the larger business by last-quarter revenue ($18.2M vs $16.2M, roughly 1.1× SurgePays, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -85.6%, a 87.8% gap on every dollar of revenue. On growth, SurgePays, Inc. posted the faster year-over-year revenue change (68.7% vs 12.0%).
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.
FVR vs SURG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.2M | $16.2M |
| Net Profit | $400.0K | $-13.9M |
| Gross Margin | — | -14.8% |
| Operating Margin | 24.9% | -79.1% |
| Net Margin | 2.2% | -85.6% |
| Revenue YoY | 12.0% | 68.7% |
| Net Profit YoY | — | 30.0% |
| EPS (diluted) | — | $-0.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $18.2M | — | ||
| Q4 25 | $16.5M | $16.2M | ||
| Q3 25 | $16.8M | $18.7M | ||
| Q2 25 | $17.6M | $11.5M | ||
| Q1 25 | $16.2M | $10.6M | ||
| Q4 24 | — | $9.6M | ||
| Q3 24 | $14.5M | $4.8M | ||
| Q2 24 | — | $15.1M |
| Q1 26 | $400.0K | — | ||
| Q4 25 | $-4.1M | $-13.9M | ||
| Q3 25 | $4.0M | $-7.5M | ||
| Q2 25 | $-2.9M | $-7.1M | ||
| Q1 25 | $-833.0K | $-7.6M | ||
| Q4 24 | — | $-19.8M | ||
| Q3 24 | $-2.4M | $-14.3M | ||
| Q2 24 | — | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | -14.8% | ||
| Q3 25 | — | -13.9% | ||
| Q2 25 | — | -23.0% | ||
| Q1 25 | — | -27.8% | ||
| Q4 24 | — | -117.0% | ||
| Q3 24 | — | -164.2% | ||
| Q2 24 | — | -22.8% |
| Q1 26 | 24.9% | — | ||
| Q4 25 | — | -79.1% | ||
| Q3 25 | — | -37.2% | ||
| Q2 25 | — | -59.1% | ||
| Q1 25 | — | -71.7% | ||
| Q4 24 | — | -209.0% | ||
| Q3 24 | — | -299.4% | ||
| Q2 24 | — | -72.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | -24.9% | -85.6% | ||
| Q3 25 | 23.9% | -40.1% | ||
| Q2 25 | -16.5% | -61.5% | ||
| Q1 25 | -5.1% | -72.2% | ||
| Q4 24 | — | -206.5% | ||
| Q3 24 | -16.7% | -299.3% | ||
| Q2 24 | — | -85.3% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.19 | $-0.68 | ||
| Q3 25 | $0.19 | $-0.38 | ||
| Q2 25 | $-0.16 | $-0.36 | ||
| Q1 25 | $-0.06 | $-0.38 | ||
| Q4 24 | — | $-1.07 | ||
| Q3 24 | — | $-0.73 | ||
| Q2 24 | — | $-0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.3M | $1.7M |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $514.2M | $-15.3M |
| Total Assets | $869.8M | $8.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $9.3M | — | ||
| Q4 25 | $13.5M | $1.7M | ||
| Q3 25 | $19.6M | $2.5M | ||
| Q2 25 | $8.4M | $4.4M | ||
| Q1 25 | $3.3M | $5.4M | ||
| Q4 24 | — | $11.8M | ||
| Q3 24 | — | $23.7M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $314.3M | $13.3M | ||
| Q3 25 | $307.1M | $12.0M | ||
| Q2 25 | $316.9M | $9.6M | ||
| Q1 25 | $310.2M | $3.6M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | — | $4.8M |
| Q1 26 | $514.2M | — | ||
| Q4 25 | $391.2M | $-15.3M | ||
| Q3 25 | $385.2M | $-6.4M | ||
| Q2 25 | $369.9M | $116.1K | ||
| Q1 25 | $324.7M | $7.8M | ||
| Q4 24 | — | $15.3M | ||
| Q3 24 | $1.0K | $33.2M | ||
| Q2 24 | — | $46.2M |
| Q1 26 | $869.8M | — | ||
| Q4 25 | $854.4M | $8.5M | ||
| Q3 25 | $846.8M | $14.5M | ||
| Q2 25 | $856.5M | $15.2M | ||
| Q1 25 | $860.8M | $15.7M | ||
| Q4 24 | — | $24.0M | ||
| Q3 24 | $1.0K | $41.5M | ||
| Q2 24 | — | $56.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.86× | 82.67× | ||
| Q1 25 | 0.96× | 0.46× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.10× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-3.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $42.1M | $-3.6M | ||
| Q3 25 | $8.3M | $-4.6M | ||
| Q2 25 | $9.3M | $-6.1M | ||
| Q1 25 | $8.1M | $-7.0M | ||
| Q4 24 | — | $-7.9M | ||
| Q3 24 | — | $-13.3M | ||
| Q2 24 | — | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
