SurgePays, Inc. (SURG) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SURG Revenue Growth
Revenue Breakdown (FY 2023)
SURG's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
SURG Revenue Analysis (2013–2024)
As of May 8, 2026, SurgePays, Inc. (SURG) generated trailing twelve-month (TTM) revenue of $50.4 million, reflecting explosive growth of +291.6% year-over-year. The most recent quarter (Q3 2025) recorded $18.7 million in revenue, up 62.2% sequentially.
Looking at the longer-term picture, SURG's 5-year compound annual growth rate (CAGR) stands at +18.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $137.1 million in 2023.
Revenue diversification analysis shows SURG's business is primarily driven by Lead Generation (100%). With over half of revenue concentrated in Lead Generation, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LQDT (+9.3% YoY), GSAT (+8.5% YoY), and SSTK (-1.8% YoY), SURG has outperformed the peer group in terms of revenue growth. Compare SURG vs LQDT →
SURG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SURGCurrent | $50M | +291.6% | +18.8% | -68.6% | |
 LQDT | $477M | +9.3% | +18.3% | 7.4% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 SSTK | $990M | -1.8% | +8.2% | 11.1% | |
 TMUS | $88.3B | +9.5% | +5.2% | 21.2% |
SURG Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $60.9M | -55.6% | $-14,324,199 | -23.5% | $-41,782,351 | -68.6% |
| 2023 | $137.1M | +12.8% | $35.6M | 26.0% | $18.9M | 13.8% |
| 2022 | $121.5M | +138.0% | $13.5M | 11.1% | $634K | 0.5% |
| 2021 | $51.1M | -6.2% | $6.2M | 12.1% | $-5,992,568 | -11.7% |
| 2020 | $54.4M | +111.3% | $2.5M | 4.5% | $-10,145,668 | -18.6% |
| 2019 | $25.7M | +68.9% | $3.1M | 12.1% | $-7,768,028 | -30.2% |
| 2018 | $15.2M | +966.1% | $6.7M | 43.8% | $-1,535,469 | -10.1% |
| 2017 | $1.4M | -56.6% | $697K | 48.7% | $-2,069,070 | -144.7% |
| 2016 | $3.3M | +16.4% | $968K | 29.4% | $-3,106,814 | -94.2% |
| 2015 | $2.8M | +5.9% | $501K | 17.7% | $-1,320,967 | -46.6% |
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Start ComparisonSURG — Frequently Asked Questions
Quick answers to the most common questions about buying SURG stock.
Is SURG's revenue growth accelerating or slowing?
SURG revenue is accelerating at +291.6% year-over-year, exceeding the 5-year CAGR of +18.8%. TTM revenue reached $50M. Growth momentum has increased versus prior periods.
What is SURG's long-term revenue growth rate?
SurgePays, Inc.'s 5-year revenue CAGR of +18.8% reflects the sustained expansion pattern. Current YoY growth of +291.6% is above this long-term average.
How is SURG's revenue distributed by segment?
SURG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.