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Side-by-side financial comparison of SurgePays, Inc. (SURG) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $16.2M, roughly 1.2× SurgePays, Inc.). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -85.6%, a 3.3% gap on every dollar of revenue. On growth, SurgePays, Inc. posted the faster year-over-year revenue change (68.7% vs -28.0%).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
SURG vs USAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.2M | $19.1M |
| Net Profit | $-13.9M | $-15.7M |
| Gross Margin | -14.8% | 34.2% |
| Operating Margin | -79.1% | — |
| Net Margin | -85.6% | -82.3% |
| Revenue YoY | 68.7% | -28.0% |
| Net Profit YoY | 30.0% | 2.8% |
| 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.
| Q4 25 | $16.2M | — | ||
| Q3 25 | $18.7M | $19.1M | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $9.6M | — | ||
| Q3 24 | $4.8M | $26.5M | ||
| Q2 24 | $15.1M | — | ||
| Q1 24 | $31.4M | — |
| Q4 25 | $-13.9M | — | ||
| Q3 25 | $-7.5M | $-15.7M | ||
| Q2 25 | $-7.1M | — | ||
| Q1 25 | $-7.6M | — | ||
| Q4 24 | $-19.8M | — | ||
| Q3 24 | $-14.3M | $-16.2M | ||
| Q2 24 | $-12.9M | — | ||
| Q1 24 | $1.2M | — |
| Q4 25 | -14.8% | — | ||
| Q3 25 | -13.9% | 34.2% | ||
| Q2 25 | -23.0% | — | ||
| Q1 25 | -27.8% | — | ||
| Q4 24 | -117.0% | — | ||
| Q3 24 | -164.2% | 23.6% | ||
| Q2 24 | -22.8% | — | ||
| Q1 24 | 26.0% | — |
| 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 24 | 5.6% | — |
| Q4 25 | -85.6% | — | ||
| Q3 25 | -40.1% | -82.3% | ||
| Q2 25 | -61.5% | — | ||
| Q1 25 | -72.2% | — | ||
| Q4 24 | -206.5% | — | ||
| Q3 24 | -299.3% | -60.9% | ||
| Q2 24 | -85.3% | — | ||
| Q1 24 | 3.9% | — |
| Q4 25 | $-0.68 | — | ||
| Q3 25 | $-0.38 | — | ||
| Q2 25 | $-0.36 | — | ||
| Q1 25 | $-0.38 | — | ||
| Q4 24 | $-1.07 | — | ||
| Q3 24 | $-0.73 | — | ||
| Q2 24 | $-0.66 | — | ||
| Q1 24 | $0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7M | $39.1M |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $-15.3M | $50.2M |
| Total Assets | $8.5M | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | — | ||
| Q3 25 | $2.5M | $39.1M | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $11.8M | — | ||
| Q3 24 | $23.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $13.3M | — | ||
| Q3 25 | $12.0M | — | ||
| Q2 25 | $9.6M | — | ||
| Q1 25 | $3.6M | — | ||
| Q4 24 | $4.0M | — | ||
| Q3 24 | $4.4M | — | ||
| Q2 24 | $4.8M | — | ||
| Q1 24 | $5.2M | — |
| Q4 25 | $-15.3M | — | ||
| Q3 25 | $-6.4M | $50.2M | ||
| Q2 25 | $116.1K | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $15.3M | — | ||
| Q3 24 | $33.2M | $53.1M | ||
| Q2 24 | $46.2M | — | ||
| Q1 24 | $56.0M | — |
| Q4 25 | $8.5M | — | ||
| Q3 25 | $14.5M | $234.7M | ||
| Q2 25 | $15.2M | — | ||
| Q1 25 | $15.7M | — | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $41.5M | — | ||
| Q2 24 | $56.4M | — | ||
| Q1 24 | $69.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 82.67× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | 0.09× | — |
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 | $-12.5M |
| Free Cash FlowOCF − Capex | — | $-41.3M |
| FCF MarginFCF / Revenue | — | -216.5% |
| Capex IntensityCapex / Revenue | — | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.6M | — | ||
| Q3 25 | $-4.6M | $-12.5M | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-7.0M | — | ||
| Q4 24 | $-7.9M | — | ||
| Q3 24 | $-13.3M | $2.4M | ||
| Q2 24 | $-4.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-41.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-11.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -216.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 150.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
