SurgePays, Inc. (SURG) 10-Year Financial Performance & Capital Metrics

SURG • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

AboutSurgePays, Inc., a financial technology and telecommunications company, provides services to the underbanked community in the United States. Its blockchain platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company offers voice and SMS text messaging services to subsidized and direct retail prepaid customers, as well as to low-income consumers. It also offers subsidized mobile broadband services to consumers in California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, as well as prepaid wireless plans. In addition, the company provides marketing business intelligence, plaintiff generation, and case load management solutions primarily to law firms in the mass tort industry. Further, it operates a bilingual operations center offering the Company with sales support, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, and other various operational support services. The company is headquartered in Bartlett, Tennessee.Show more

Revenue $61M -55.6%
EBITDA -$40M -302.7%
Net Income -$46M -321.8%
EPS (Diluted) -2.39 -273.2%
Gross Margin -23.53% -190.5%
EBITDA Margin -66.51% -556.7%
Operating Margin -68.63% -598.9%
Net Margin -75.11% -599.6%
ROE -209.45% -270.3%
ROIC -229.66% -306.3%
Debt/Equity 0.30 +57.0%
Interest Coverage -75.39 -338.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.8%
✓Efficient asset utilization: 2.5x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 28.1% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y36.69%

5Y18.79%

3Y6.04%

TTM-39.75%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-83.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM-91.05%

ROCE

10Y Avg-1176.44%

5Y Avg-215.7%

3Y Avg-25.35%

Latest-177.28%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.83M	3.3M	1.43M	15.24M	25.74M	54.41M	51.06M	121.54M	137.14M	60.88M
Revenue Growth %	0.06%	0.16%	-0.57%	9.66%	0.69%	1.11%	-0.06%	1.38%	0.13%	-0.56%
Cost of Goods Sold+	2.33M	2.33M	733.03K	8.57M	22.62M	51.94M	44.89M	108.07M	101.5M	75.21M
COGS % of Revenue	0.82%	0.71%	0.51%	0.56%	0.88%	0.95%	0.88%	0.89%	0.74%	1.24%
Gross Profit+	500.66K	968.28K	696.84K	6.67M	3.12M	2.47M	6.17M	13.47M	35.64M	-14.32M
Gross Margin %	0.18%	0.29%	0.49%	0.44%	0.12%	0.05%	0.12%	0.11%	0.26%	-0.24%
Gross Profit Growth %	-0.5%	0.93%	-0.28%	8.58%	-0.53%	-0.21%	1.5%	1.18%	1.65%	-1.4%
Operating Expenses+	1.72M	3.67M	2.77M	8.21M	10.89M	12.61M	12.16M	12.84M	16.78M	27.46M
OpEx % of Revenue	0.61%	1.11%	1.93%	0.54%	0.42%	0.23%	0.24%	0.11%	0.12%	0.45%
Selling, General & Admin	1.22M	3.23M	2.65M	8.06M	9.67M	9.69M	11.38M	11.91M	15.71M	26.29M
SG&A % of Revenue	0.43%	0.98%	1.85%	0.53%	0.38%	0.18%	0.22%	0.1%	0.11%	0.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	5.84K	9.59K	43.12K	1.21M	2.92M	784.22K	923.83K	1.06M	1.17M
Operating Income+	-1.32M	-3.11M	-2.07M	-1.54M	-7.77M	-10.15M	-5.99M	633.78K	18.87M	-41.78M
Operating Margin %	-0.47%	-0.94%	-1.45%	-0.1%	-0.3%	-0.19%	-0.12%	0.01%	0.14%	-0.69%
Operating Income Growth %	-43.32%	-1.35%	0.33%	0.26%	-4.06%	-0.31%	0.41%	1.11%	28.77%	-3.21%
EBITDA+	-819.88K	-2.67M	-1.95M	-1.39M	-7.49M	-8.77M	-5.08M	1.62M	19.97M	-40.49M
EBITDA Margin %	-0.29%	-0.81%	-1.36%	-0.09%	-0.29%	-0.16%	-0.1%	0.01%	0.15%	-0.67%
EBITDA Growth %	-26.17%	-2.26%	0.27%	0.29%	-4.4%	-0.17%	0.42%	1.32%	11.31%	-3.03%
D&A (Non-Cash Add-back)	501.09K	433.12K	119.26K	149.64K	282.93K	1.37M	917.47K	988.7K	1.11M	1.29M
EBIT	-1.32M	-2.94M	-1.56M	-1.32M	-8.22M	-6.77M	-6.01M	1.41M	18.98M	-42.51M
Net Interest Income+	-15.2K	-1.66M	-24.02K	-140.46K	-227.02K	-3.95M	-7.52M	-1.96M	-595.98K	-448.81K
Interest Income	0	0	0	0	0	0	0	0	0	105.39K
Interest Expense	15.2K	1.66M	24.02K	140.46K	227.02K	3.95M	7.52M	1.96M	595.98K	554.2K
Other Income/Expense	-15.14K	-2.33M	-2.18M	76.62K	-679K	-575.96K	-7.54M	-1.19M	-485.77K	-1.29M
Pretax Income+	-1.34M	-4.6M	-1.98M	-1.46M	-8.45M	-10.72M	-13.53M	-553.23K	18.38M	-43.07M
Pretax Margin %	-0.47%	-1.4%	-1.38%	-0.1%	-0.33%	-0.2%	-0.27%	-0%	0.13%	-0.71%
Income Tax+	0	1.67M	426.54K	82.23K	0	0	0	0	-2.27M	2.87M
Effective Tax Rate %	1%	1%	1%	1.06%	1%	1%	1%	1.23%	1.12%	1.06%
Net Income+	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-680.76K	20.62M	-45.73M
Net Margin %	-0.47%	-1.4%	-1.38%	-0.1%	-0.33%	-0.2%	-0.27%	-0.01%	0.15%	-0.75%
Net Income Growth %	-41.12%	-2.44%	0.57%	0.22%	-4.48%	-0.27%	-0.26%	0.95%	31.29%	-3.22%
Net Income (Continuing)	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-553.23K	20.64M	-45.94M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	127.53K	154.24K	-54.31K
EPS (Diluted)+	-2.01	-5.13	-1.30	-0.94	-4.27	-5.02	-3.09	-0.05	1.38	-2.39
EPS Growth %	-2.13%	-1.55%	0.75%	0.28%	-3.54%	-0.18%	0.38%	0.98%	26.14%	-2.73%
EPS (Basic)	-2.01	-5.13	-1.30	-0.94	-4.27	-5.02	-3.09	-0.05	1.45	-2.39
Diluted Shares Outstanding	664.42K	895.93K	1.52M	1.63M	1.92M	2.13M	4.38M	12.4M	14.92M	19.12M
Basic Shares Outstanding	664.42K	895.93K	1.52M	1.63M	1.92M	2.13M	4.38M	12.4M	14.26M	19.12M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	346.04K	758.84K	319.56K	3.06M	3.57M	1.25M	13.89M	27.56M	33.37M	17.87M
Cash & Short-Term Investments	69.49K	63.71K	215.84K	444.61K	346.04K	674K	6.28M	7.04M	14.62M	11.79M
Cash Only	69.49K	63.71K	215.84K	444.61K	346.04K	674K	6.28M	7.04M	14.62M	11.79M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	275.09K	126.43K	56.04K	1.25M	3.13M	393.12K	3.25M	9.23M	9.54M	3M
Days Sales Outstanding	35.44	14	14.3	29.87	44.41	2.64	23.23	27.72	25.38	17.99
Inventory	0	808.5K	520.16K	10.86K	-172.63B	178.31K	4.36M	11.19M	9.05M	1.78M
Days Inventory Outstanding	-	126.74	259.01	0.46	-	1.25	35.44	37.78	32.53	8.65
Other Current Assets	0	0	47.68K	1.36M	172.63B	0	0	0	0	1.3M
Total Non-Current Assets+	2.28M	1.6M	2.83M	1.03M	6.41M	6.07M	5.61M	6.44M	8.56M	6.11M
Property, Plant & Equipment	14.42K	14.43K	157.44K	34.99K	505.43K	605.45K	687.12K	1.07M	749.71K	1.16M
Fixed Asset Turnover	196.43x	228.43x	9.08x	435.67x	50.93x	89.86x	74.31x	113.09x	182.93x	52.67x
Goodwill	0	866.78K	866.78K	866.78K	866.78K	866.78K	866.78K	1.67M	1.67M	3.3M
Intangible Assets	2.27M	217.19K	101.92K	65.27K	4.77M	4.13M	3.43M	3.17M	2.67M	1.47M
Long-Term Investments	0	500K	1.7M	0	203.7K	414.61K	443.29K	354.21K	464.41K	176.85K
Other Non-Current Assets	0	500K	1.7M	61.46K	66.46K	61.46K	176.85K	176.85K	176.85K	0
Total Assets+	2.63M	2.36M	3.15M	4.08M	9.99M	7.33M	19.5M	34M	41.93M	23.98M
Asset Turnover	1.08x	1.40x	0.45x	3.73x	2.58x	7.43x	2.62x	3.57x	3.27x	2.54x
Asset Growth %	7.21%	-0.1%	0.33%	0.3%	1.45%	-0.27%	1.66%	0.74%	0.23%	-0.43%
Total Current Liabilities+	2.6M	4.06M	2.49M	4.79M	7.05M	15.3M	10M	23.46M	12.71M	6.06M
Accounts Payable	355.6K	775.62K	160.37K	3.25M	4.64M	7.34M	7.44M	5.78M	6.44M	3.93M
Days Payables Outstanding	55.65	121.58	79.85	138.59	74.8	51.61	60.47	19.54	23.16	19.07
Short-Term Debt	1.13M	1.84M	779.24K	582.5K	1.65M	5.78M	1.68M	2.65M	4.58M	1.69M
Deferred Revenue (Current)	518.24K	165K	130K	50K	0	443.3K	276.25K	243.11K	20K	0
Other Current Liabilities	592.14K	1.28M	1.08M	905.4K	678.04K	1.74M	0	13.02M	570K	0
Current Ratio	0.13x	0.19x	0.13x	0.64x	0.51x	0.08x	1.39x	1.17x	2.63x	2.95x
Quick Ratio	0.13x	-0.01x	-0.08x	0.64x	24472.99x	0.07x	0.95x	0.70x	1.91x	2.66x
Cash Conversion Cycle	-	19.15	193.46	-108.26	-	-47.72	-1.8	45.96	34.76	7.56
Total Non-Current Liabilities+	636.56K	112.4K	52.19K	1.28M	7.63M	2.75M	5.95M	5.42M	816.8K	2.65M
Long-Term Debt	636.56K	112.4K	52.19K	680K	6.64M	1.74M	5.51M	5.02M	460.52K	2.34M
Capital Lease Obligations	0	0	0	0	119.87K	155.17K	438.9K	399.41K	356.28K	319.23K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	600.52K	869.87K	854.87K	0	0	0	0
Total Liabilities	3.23M	4.17M	2.54M	6.07M	14.69M	18.05M	15.95M	28.89M	13.52M	8.71M
Total Debt+	1.77M	1.95M	1.09M	1.26M	8.5M	7.67M	7.68M	8.11M	5.44M	4.59M
Net Debt	1.7M	1.89M	878.38K	817.89K	8.16M	6.99M	1.4M	1.08M	-9.18M	-7.2M
Debt / Equity	-	-	1.80x	-	-	-	2.16x	1.58x	0.19x	0.30x
Debt / EBITDA	-	-	-	-	-	-	-	5.00x	0.27x	-
Net Debt / EBITDA	-	-	-	-	-	-	-	0.66x	-0.46x	-
Interest Coverage	-86.90x	-1.87x	-86.14x	-10.93x	-34.22x	-2.57x	-0.80x	0.32x	31.65x	-75.39x
Total Equity+	-606.75K	-1.82M	607.05K	-1.99M	-4.7M	-10.73M	3.55M	5.12M	28.4M	15.26M
Equity Growth %	-6.59%	-1.99%	1.33%	-4.28%	-1.36%	-1.28%	1.33%	0.44%	4.55%	-0.46%
Book Value per Share	-0.91	-2.03	0.40	-1.22	-2.44	-5.03	0.81	0.41	1.90	0.80
Total Shareholders' Equity	-606.75K	-1.82M	607.05K	-1.99M	-4.7M	-10.73M	3.55M	4.99M	28.25M	15.32M
Common Stock	36.13K	57.34K	90.06K	88.05K	102.19K	127.13K	12.06K	14.12K	14.4K	20.43K
Retained Earnings	-1.43M	-6.03M	-8.01M	-2.42M	-10.87M	-21.59M	-35.12M	-35.8M	-15.19M	-60.92M
Treasury Stock	0	0	-1.07M	0	0	0	0	0	0	-631.97K
Accumulated OCI	0	-4.68K	-155.56K	-13.78K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	127.53K	154.24K	-54.31K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-224.52K	-641.88K	-604.11K	-1.02M	-6.53M	-4.33M	-15.29M	793.27K	10.29M	-21.31M
Operating CF Margin %	-0.08%	-0.19%	-0.42%	-0.07%	-0.25%	-0.08%	-0.3%	0.01%	0.08%	-0.35%
Operating CF Growth %	-3.65%	-1.86%	0.06%	-0.68%	-5.43%	0.34%	-2.53%	1.05%	11.97%	-3.07%
Net Income	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-553.23K	20.64M	-45.94M
Depreciation & Amortization	501.09K	433.12K	119.26K	149.64K	282.93K	1.37M	917.47K	988.7K	1.11M	1.29M
Stock-Based Compensation	0	0	0	157.91K	329.57K	182.97K	3.58K	0	566.71K	8.36M
Deferred Taxes	0	0	0	-42.94K	0	0	0	0	0	0
Other Non-Cash Items	166.65K	3.28M	1.49M	63.49K	1.45M	899.98K	5.5K	179.05K	1.85M	1.78M
Working Capital Changes	443.84K	248.72K	-236.63K	197.37K	-152.18K	3.94M	-2.68M	178.75K	-13.88M	13.19M
Change in Receivables	-86.04K	111.71K	60.39K	-102.81K	-2.81M	994.78K	-2.99M	-5.92M	-395.72K	6.54M
Change in Inventory	124.04K	62.59K	0	-573.46K	0	-178.31K	-4.26M	-6.88M	2.14M	7.27M
Change in Payables	176.32K	427.66K	-262.02K	925.14K	1.47M	2.82M	4.81M	154.24K	-25.75K	-2.87M
Cash from Investing+	18.33K	-503K	-147K	-278.04K	-32.24K	8.35K	-376.72K	-1.5M	-281.3K	-3M
Capital Expenditures	-9.73K	-3K	-147K	-331.8K	-227.63K	-6.61K	-51.41K	-11.4K	-281.3K	-518.19K
CapEx % of Revenue	0%	0%	0.1%	0.02%	0.01%	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	150K	-500K	0	-521.8K	-14.96K	14.96K	0	-687.18K	0	0
Cash from Financing+	237.86K	1.14M	903.24K	464.1K	6.47M	4.65M	21.27M	1.46M	-2.42M	22.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	237.68K	38.5K	-901K	17.55K	0	-162K	-2.22M	0	207.24K	7.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-234.25K	-644.88K	-751.11K	-1.35M	-6.76M	-4.33M	-15.34M	94.69K	10.01M	-21.83M
FCF Margin %	-0.08%	-0.2%	-0.53%	-0.09%	-0.26%	-0.08%	-0.3%	0%	0.07%	-0.36%
FCF Growth %	-3.76%	-1.75%	-0.16%	-0.79%	-4.02%	0.36%	-2.54%	1.01%	104.67%	-3.18%
FCF per Share	-0.35	-0.72	-0.49	-0.83	-3.51	-2.03	-3.50	0.01	0.67	-1.14
FCF Conversion (FCF/Net Income)	0.17x	0.14x	0.31x	0.66x	0.77x	0.40x	1.13x	-1.17x	0.50x	0.47x
Interest Paid	0	0	0	10.58K	77.83K	98.11K	866.68K	523K	222.33K	470.21K
Taxes Paid	0	0	0	82.23K	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-326.21%	-	-	-	-381.02%	-15.7%	123.01%	-209.45%
Return on Invested Capital (ROIC)	-159.32%	-399.38%	-198.83%	-730.97%	-509.72%	-	-738.61%	8.53%	111.32%	-229.66%
Gross Margin	17.67%	29.37%	48.73%	43.78%	12.12%	4.54%	12.08%	11.08%	25.99%	-23.53%
Net Margin	-47.16%	-139.54%	-138.49%	-10.11%	-32.81%	-19.71%	-26.5%	-0.56%	15.03%	-75.11%
Debt / Equity	-	-	1.80x	-	-	-	2.16x	1.58x	0.19x	0.30x
Interest Coverage	-86.90x	-1.87x	-86.14x	-10.93x	-34.22x	-2.57x	-0.80x	0.32x	31.65x	-75.39x
FCF Conversion	0.17x	0.14x	0.31x	0.66x	0.77x	0.40x	1.13x	-1.17x	0.50x	0.47x
Revenue Growth	5.92%	16.38%	-56.63%	966.12%	68.87%	111.35%	-6.15%	138.04%	12.83%	-55.61%

Revenue by Segment

	2019	2020	2021	2023
Lead Generation	-	-	-	7.18M
Lead Generation Growth	-	-	-	-
Other	62.17K	206.55K	8.17K	-
Other Growth	-	232.23%	-96.04%	-
ECS	10.77M	34.86M	-	-
ECS Growth	-	223.78%	-	-
Surge Logics, Inc.	-	16.43M	-	-
Surge Logics, Inc. Growth	-	-	-	-
True Wireless, Inc.	-	2.37M	-	-
True Wireless, Inc. Growth	-	-	-	-
Surge Blockchain, LLC	-	535.32K	-	-
Surge Blockchain, LLC Growth	-	-	-	-
Surge Logics Inc	7.23M	-	-	-
Surge Logics Inc Growth	-	-	-	-
Surge Blockchain LLC	4.23M	-	-	-
Surge Blockchain LLC Growth	-	-	-	-
True Wireless, Inc.,	3.45M	-	-	-
True Wireless, Inc., Growth	-	-	-	-

Revenue by Geography

	2019	2020	2021	2023
Other	-	-	-	70K
Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

SurgePays, Inc. (SURG) reported $50.4M in revenue for fiscal year 2024. This represents a 1032336% increase from $0.0M in 2010.

SurgePays, Inc. (SURG) saw revenue decline by 55.6% over the past year.

SurgePays, Inc. (SURG) reported a net loss of $42.0M for fiscal year 2024.

Dividend & Returns

SurgePays, Inc. (SURG) has a return on equity (ROE) of -209.5%. Negative ROE indicates the company is unprofitable.

SurgePays, Inc. (SURG) had negative free cash flow of $25.6M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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SurgePays, Inc. (SURG) 10-Year Financial Performance & Capital Metrics

SURG • • Industrial / General

TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms

Revenue $61M -55.6%
EBITDA -$40M -302.7%
Net Income -$46M -321.8%
EPS (Diluted) -2.39 -273.2%
Gross Margin -23.53% -190.5%
EBITDA Margin -66.51% -556.7%
Operating Margin -68.63% -598.9%
Net Margin -75.11% -599.6%
ROE -209.45% -270.3%
ROIC -229.66% -306.3%
Debt/Equity 0.30 +57.0%
Interest Coverage -75.39 -338.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.8%
✓Efficient asset utilization: 2.5x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 28.1% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y36.69%

5Y18.79%

3Y6.04%

TTM-39.75%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-83.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM-91.05%

ROCE

10Y Avg-1176.44%

5Y Avg-215.7%

3Y Avg-25.35%

Latest-177.28%

Peer Comparison

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GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.83M	3.3M	1.43M	15.24M	25.74M	54.41M	51.06M	121.54M	137.14M	60.88M
Revenue Growth %	0.06%	0.16%	-0.57%	9.66%	0.69%	1.11%	-0.06%	1.38%	0.13%	-0.56%
Cost of Goods Sold+	2.33M	2.33M	733.03K	8.57M	22.62M	51.94M	44.89M	108.07M	101.5M	75.21M
COGS % of Revenue	0.82%	0.71%	0.51%	0.56%	0.88%	0.95%	0.88%	0.89%	0.74%	1.24%
Gross Profit+	500.66K	968.28K	696.84K	6.67M	3.12M	2.47M	6.17M	13.47M	35.64M	-14.32M
Gross Margin %	0.18%	0.29%	0.49%	0.44%	0.12%	0.05%	0.12%	0.11%	0.26%	-0.24%
Gross Profit Growth %	-0.5%	0.93%	-0.28%	8.58%	-0.53%	-0.21%	1.5%	1.18%	1.65%	-1.4%
Operating Expenses+	1.72M	3.67M	2.77M	8.21M	10.89M	12.61M	12.16M	12.84M	16.78M	27.46M
OpEx % of Revenue	0.61%	1.11%	1.93%	0.54%	0.42%	0.23%	0.24%	0.11%	0.12%	0.45%
Selling, General & Admin	1.22M	3.23M	2.65M	8.06M	9.67M	9.69M	11.38M	11.91M	15.71M	26.29M
SG&A % of Revenue	0.43%	0.98%	1.85%	0.53%	0.38%	0.18%	0.22%	0.1%	0.11%	0.43%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	5.84K	9.59K	43.12K	1.21M	2.92M	784.22K	923.83K	1.06M	1.17M
Operating Income+	-1.32M	-3.11M	-2.07M	-1.54M	-7.77M	-10.15M	-5.99M	633.78K	18.87M	-41.78M
Operating Margin %	-0.47%	-0.94%	-1.45%	-0.1%	-0.3%	-0.19%	-0.12%	0.01%	0.14%	-0.69%
Operating Income Growth %	-43.32%	-1.35%	0.33%	0.26%	-4.06%	-0.31%	0.41%	1.11%	28.77%	-3.21%
EBITDA+	-819.88K	-2.67M	-1.95M	-1.39M	-7.49M	-8.77M	-5.08M	1.62M	19.97M	-40.49M
EBITDA Margin %	-0.29%	-0.81%	-1.36%	-0.09%	-0.29%	-0.16%	-0.1%	0.01%	0.15%	-0.67%
EBITDA Growth %	-26.17%	-2.26%	0.27%	0.29%	-4.4%	-0.17%	0.42%	1.32%	11.31%	-3.03%
D&A (Non-Cash Add-back)	501.09K	433.12K	119.26K	149.64K	282.93K	1.37M	917.47K	988.7K	1.11M	1.29M
EBIT	-1.32M	-2.94M	-1.56M	-1.32M	-8.22M	-6.77M	-6.01M	1.41M	18.98M	-42.51M
Net Interest Income+	-15.2K	-1.66M	-24.02K	-140.46K	-227.02K	-3.95M	-7.52M	-1.96M	-595.98K	-448.81K
Interest Income	0	0	0	0	0	0	0	0	0	105.39K
Interest Expense	15.2K	1.66M	24.02K	140.46K	227.02K	3.95M	7.52M	1.96M	595.98K	554.2K
Other Income/Expense	-15.14K	-2.33M	-2.18M	76.62K	-679K	-575.96K	-7.54M	-1.19M	-485.77K	-1.29M
Pretax Income+	-1.34M	-4.6M	-1.98M	-1.46M	-8.45M	-10.72M	-13.53M	-553.23K	18.38M	-43.07M
Pretax Margin %	-0.47%	-1.4%	-1.38%	-0.1%	-0.33%	-0.2%	-0.27%	-0%	0.13%	-0.71%
Income Tax+	0	1.67M	426.54K	82.23K	0	0	0	0	-2.27M	2.87M
Effective Tax Rate %	1%	1%	1%	1.06%	1%	1%	1%	1.23%	1.12%	1.06%
Net Income+	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-680.76K	20.62M	-45.73M
Net Margin %	-0.47%	-1.4%	-1.38%	-0.1%	-0.33%	-0.2%	-0.27%	-0.01%	0.15%	-0.75%
Net Income Growth %	-41.12%	-2.44%	0.57%	0.22%	-4.48%	-0.27%	-0.26%	0.95%	31.29%	-3.22%
Net Income (Continuing)	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-553.23K	20.64M	-45.94M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	127.53K	154.24K	-54.31K
EPS (Diluted)+	-2.01	-5.13	-1.30	-0.94	-4.27	-5.02	-3.09	-0.05	1.38	-2.39
EPS Growth %	-2.13%	-1.55%	0.75%	0.28%	-3.54%	-0.18%	0.38%	0.98%	26.14%	-2.73%
EPS (Basic)	-2.01	-5.13	-1.30	-0.94	-4.27	-5.02	-3.09	-0.05	1.45	-2.39
Diluted Shares Outstanding	664.42K	895.93K	1.52M	1.63M	1.92M	2.13M	4.38M	12.4M	14.92M	19.12M
Basic Shares Outstanding	664.42K	895.93K	1.52M	1.63M	1.92M	2.13M	4.38M	12.4M	14.26M	19.12M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	346.04K	758.84K	319.56K	3.06M	3.57M	1.25M	13.89M	27.56M	33.37M	17.87M
Cash & Short-Term Investments	69.49K	63.71K	215.84K	444.61K	346.04K	674K	6.28M	7.04M	14.62M	11.79M
Cash Only	69.49K	63.71K	215.84K	444.61K	346.04K	674K	6.28M	7.04M	14.62M	11.79M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	275.09K	126.43K	56.04K	1.25M	3.13M	393.12K	3.25M	9.23M	9.54M	3M
Days Sales Outstanding	35.44	14	14.3	29.87	44.41	2.64	23.23	27.72	25.38	17.99
Inventory	0	808.5K	520.16K	10.86K	-172.63B	178.31K	4.36M	11.19M	9.05M	1.78M
Days Inventory Outstanding	-	126.74	259.01	0.46	-	1.25	35.44	37.78	32.53	8.65
Other Current Assets	0	0	47.68K	1.36M	172.63B	0	0	0	0	1.3M
Total Non-Current Assets+	2.28M	1.6M	2.83M	1.03M	6.41M	6.07M	5.61M	6.44M	8.56M	6.11M
Property, Plant & Equipment	14.42K	14.43K	157.44K	34.99K	505.43K	605.45K	687.12K	1.07M	749.71K	1.16M
Fixed Asset Turnover	196.43x	228.43x	9.08x	435.67x	50.93x	89.86x	74.31x	113.09x	182.93x	52.67x
Goodwill	0	866.78K	866.78K	866.78K	866.78K	866.78K	866.78K	1.67M	1.67M	3.3M
Intangible Assets	2.27M	217.19K	101.92K	65.27K	4.77M	4.13M	3.43M	3.17M	2.67M	1.47M
Long-Term Investments	0	500K	1.7M	0	203.7K	414.61K	443.29K	354.21K	464.41K	176.85K
Other Non-Current Assets	0	500K	1.7M	61.46K	66.46K	61.46K	176.85K	176.85K	176.85K	0
Total Assets+	2.63M	2.36M	3.15M	4.08M	9.99M	7.33M	19.5M	34M	41.93M	23.98M
Asset Turnover	1.08x	1.40x	0.45x	3.73x	2.58x	7.43x	2.62x	3.57x	3.27x	2.54x
Asset Growth %	7.21%	-0.1%	0.33%	0.3%	1.45%	-0.27%	1.66%	0.74%	0.23%	-0.43%
Total Current Liabilities+	2.6M	4.06M	2.49M	4.79M	7.05M	15.3M	10M	23.46M	12.71M	6.06M
Accounts Payable	355.6K	775.62K	160.37K	3.25M	4.64M	7.34M	7.44M	5.78M	6.44M	3.93M
Days Payables Outstanding	55.65	121.58	79.85	138.59	74.8	51.61	60.47	19.54	23.16	19.07
Short-Term Debt	1.13M	1.84M	779.24K	582.5K	1.65M	5.78M	1.68M	2.65M	4.58M	1.69M
Deferred Revenue (Current)	518.24K	165K	130K	50K	0	443.3K	276.25K	243.11K	20K	0
Other Current Liabilities	592.14K	1.28M	1.08M	905.4K	678.04K	1.74M	0	13.02M	570K	0
Current Ratio	0.13x	0.19x	0.13x	0.64x	0.51x	0.08x	1.39x	1.17x	2.63x	2.95x
Quick Ratio	0.13x	-0.01x	-0.08x	0.64x	24472.99x	0.07x	0.95x	0.70x	1.91x	2.66x
Cash Conversion Cycle	-	19.15	193.46	-108.26	-	-47.72	-1.8	45.96	34.76	7.56
Total Non-Current Liabilities+	636.56K	112.4K	52.19K	1.28M	7.63M	2.75M	5.95M	5.42M	816.8K	2.65M
Long-Term Debt	636.56K	112.4K	52.19K	680K	6.64M	1.74M	5.51M	5.02M	460.52K	2.34M
Capital Lease Obligations	0	0	0	0	119.87K	155.17K	438.9K	399.41K	356.28K	319.23K
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	600.52K	869.87K	854.87K	0	0	0	0
Total Liabilities	3.23M	4.17M	2.54M	6.07M	14.69M	18.05M	15.95M	28.89M	13.52M	8.71M
Total Debt+	1.77M	1.95M	1.09M	1.26M	8.5M	7.67M	7.68M	8.11M	5.44M	4.59M
Net Debt	1.7M	1.89M	878.38K	817.89K	8.16M	6.99M	1.4M	1.08M	-9.18M	-7.2M
Debt / Equity	-	-	1.80x	-	-	-	2.16x	1.58x	0.19x	0.30x
Debt / EBITDA	-	-	-	-	-	-	-	5.00x	0.27x	-
Net Debt / EBITDA	-	-	-	-	-	-	-	0.66x	-0.46x	-
Interest Coverage	-86.90x	-1.87x	-86.14x	-10.93x	-34.22x	-2.57x	-0.80x	0.32x	31.65x	-75.39x
Total Equity+	-606.75K	-1.82M	607.05K	-1.99M	-4.7M	-10.73M	3.55M	5.12M	28.4M	15.26M
Equity Growth %	-6.59%	-1.99%	1.33%	-4.28%	-1.36%	-1.28%	1.33%	0.44%	4.55%	-0.46%
Book Value per Share	-0.91	-2.03	0.40	-1.22	-2.44	-5.03	0.81	0.41	1.90	0.80
Total Shareholders' Equity	-606.75K	-1.82M	607.05K	-1.99M	-4.7M	-10.73M	3.55M	4.99M	28.25M	15.32M
Common Stock	36.13K	57.34K	90.06K	88.05K	102.19K	127.13K	12.06K	14.12K	14.4K	20.43K
Retained Earnings	-1.43M	-6.03M	-8.01M	-2.42M	-10.87M	-21.59M	-35.12M	-35.8M	-15.19M	-60.92M
Treasury Stock	0	0	-1.07M	0	0	0	0	0	0	-631.97K
Accumulated OCI	0	-4.68K	-155.56K	-13.78K	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	127.53K	154.24K	-54.31K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-224.52K	-641.88K	-604.11K	-1.02M	-6.53M	-4.33M	-15.29M	793.27K	10.29M	-21.31M
Operating CF Margin %	-0.08%	-0.19%	-0.42%	-0.07%	-0.25%	-0.08%	-0.3%	0.01%	0.08%	-0.35%
Operating CF Growth %	-3.65%	-1.86%	0.06%	-0.68%	-5.43%	0.34%	-2.53%	1.05%	11.97%	-3.07%
Net Income	-1.34M	-4.6M	-1.98M	-1.54M	-8.45M	-10.72M	-13.53M	-553.23K	20.64M	-45.94M
Depreciation & Amortization	501.09K	433.12K	119.26K	149.64K	282.93K	1.37M	917.47K	988.7K	1.11M	1.29M
Stock-Based Compensation	0	0	0	157.91K	329.57K	182.97K	3.58K	0	566.71K	8.36M
Deferred Taxes	0	0	0	-42.94K	0	0	0	0	0	0
Other Non-Cash Items	166.65K	3.28M	1.49M	63.49K	1.45M	899.98K	5.5K	179.05K	1.85M	1.78M
Working Capital Changes	443.84K	248.72K	-236.63K	197.37K	-152.18K	3.94M	-2.68M	178.75K	-13.88M	13.19M
Change in Receivables	-86.04K	111.71K	60.39K	-102.81K	-2.81M	994.78K	-2.99M	-5.92M	-395.72K	6.54M
Change in Inventory	124.04K	62.59K	0	-573.46K	0	-178.31K	-4.26M	-6.88M	2.14M	7.27M
Change in Payables	176.32K	427.66K	-262.02K	925.14K	1.47M	2.82M	4.81M	154.24K	-25.75K	-2.87M
Cash from Investing+	18.33K	-503K	-147K	-278.04K	-32.24K	8.35K	-376.72K	-1.5M	-281.3K	-3M
Capital Expenditures	-9.73K	-3K	-147K	-331.8K	-227.63K	-6.61K	-51.41K	-11.4K	-281.3K	-518.19K
CapEx % of Revenue	0%	0%	0.1%	0.02%	0.01%	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	150K	-500K	0	-521.8K	-14.96K	14.96K	0	-687.18K	0	0
Cash from Financing+	237.86K	1.14M	903.24K	464.1K	6.47M	4.65M	21.27M	1.46M	-2.42M	22.48M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	237.68K	38.5K	-901K	17.55K	0	-162K	-2.22M	0	207.24K	7.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-234.25K	-644.88K	-751.11K	-1.35M	-6.76M	-4.33M	-15.34M	94.69K	10.01M	-21.83M
FCF Margin %	-0.08%	-0.2%	-0.53%	-0.09%	-0.26%	-0.08%	-0.3%	0%	0.07%	-0.36%
FCF Growth %	-3.76%	-1.75%	-0.16%	-0.79%	-4.02%	0.36%	-2.54%	1.01%	104.67%	-3.18%
FCF per Share	-0.35	-0.72	-0.49	-0.83	-3.51	-2.03	-3.50	0.01	0.67	-1.14
FCF Conversion (FCF/Net Income)	0.17x	0.14x	0.31x	0.66x	0.77x	0.40x	1.13x	-1.17x	0.50x	0.47x
Interest Paid	0	0	0	10.58K	77.83K	98.11K	866.68K	523K	222.33K	470.21K
Taxes Paid	0	0	0	82.23K	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-326.21%	-	-	-	-381.02%	-15.7%	123.01%	-209.45%
Return on Invested Capital (ROIC)	-159.32%	-399.38%	-198.83%	-730.97%	-509.72%	-	-738.61%	8.53%	111.32%	-229.66%
Gross Margin	17.67%	29.37%	48.73%	43.78%	12.12%	4.54%	12.08%	11.08%	25.99%	-23.53%
Net Margin	-47.16%	-139.54%	-138.49%	-10.11%	-32.81%	-19.71%	-26.5%	-0.56%	15.03%	-75.11%
Debt / Equity	-	-	1.80x	-	-	-	2.16x	1.58x	0.19x	0.30x
Interest Coverage	-86.90x	-1.87x	-86.14x	-10.93x	-34.22x	-2.57x	-0.80x	0.32x	31.65x	-75.39x
FCF Conversion	0.17x	0.14x	0.31x	0.66x	0.77x	0.40x	1.13x	-1.17x	0.50x	0.47x
Revenue Growth	5.92%	16.38%	-56.63%	966.12%	68.87%	111.35%	-6.15%	138.04%	12.83%	-55.61%

Revenue by Segment

	2019	2020	2021	2023
Lead Generation	-	-	-	7.18M
Lead Generation Growth	-	-	-	-
Other	62.17K	206.55K	8.17K	-
Other Growth	-	232.23%	-96.04%	-
ECS	10.77M	34.86M	-	-
ECS Growth	-	223.78%	-	-
Surge Logics, Inc.	-	16.43M	-	-
Surge Logics, Inc. Growth	-	-	-	-
True Wireless, Inc.	-	2.37M	-	-
True Wireless, Inc. Growth	-	-	-	-
Surge Blockchain, LLC	-	535.32K	-	-
Surge Blockchain, LLC Growth	-	-	-	-
Surge Logics Inc	7.23M	-	-	-
Surge Logics Inc Growth	-	-	-	-
Surge Blockchain LLC	4.23M	-	-	-
Surge Blockchain LLC Growth	-	-	-	-
True Wireless, Inc.,	3.45M	-	-	-
True Wireless, Inc., Growth	-	-	-	-

Revenue by Geography

	2019	2020	2021	2023
Other	-	-	-	70K
Other Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

SurgePays, Inc. (SURG) reported $50.4M in revenue for fiscal year 2024. This represents a 1032336% increase from $0.0M in 2010.

SurgePays, Inc. (SURG) saw revenue decline by 55.6% over the past year.

SurgePays, Inc. (SURG) reported a net loss of $42.0M for fiscal year 2024.

Dividend & Returns

SurgePays, Inc. (SURG) has a return on equity (ROE) of -209.5%. Negative ROE indicates the company is unprofitable.

SurgePays, Inc. (SURG) had negative free cash flow of $25.6M in fiscal year 2024, likely due to heavy capital investments.