# SurgePays, Inc.: overview

SURG · Nasdaq · CIK 1392694 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/surg.md) · [Financials](/companies/surg/financials.md) · [Filings](/companies/surg/filings.md) · [Insiders](/companies/surg/insiders.md)

Latest reported revenue: [$16.2m](/filings/0001493152-26-039250.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 19, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001493152-26-039250).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [4.8](/filings/0001493152-25-021950.md) | [9.6 d](/filings/0001493152-26-016889.md) | [10.6](/filings/0001493152-26-024591.md) | [11.5](/filings/0001493152-26-039250.md) | [18.7](/filings/0001493152-25-021950.md) | [16.2 d](/filings/0001493152-26-016889.md) | [16.0](/filings/0001493152-26-024591.md) | [16.2](/filings/0001493152-26-039250.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(299.4%)](/filings/0001493152-25-021950.md) | [(209.0%) d](/filings/0001493152-26-016889.md) | [(71.7%)](/filings/0001493152-26-024591.md) | [(59.1%)](/filings/0001493152-26-039250.md) | [(37.2%)](/filings/0001493152-25-021950.md) | [(79.1%) d](/filings/0001493152-26-016889.md) | [(70.1%)](/filings/0001493152-26-024591.md) | [21.3%](/filings/0001493152-26-039250.md) |
| Net margin | % | [(299.3%)](/filings/0001493152-25-021950.md) | [(206.5%) d](/filings/0001493152-26-016889.md) | [(72.2%)](/filings/0001493152-26-039250.md) | [(61.5%)](/filings/0001493152-26-039250.md) | [(40.1%)](/filings/0001493152-25-021950.md) | [(85.6%) d](/filings/0001493152-26-016889.md) | [(75.4%)](/filings/0001493152-26-039250.md) | [8.0%](/filings/0001493152-26-039250.md) |
| Diluted EPS | $ per share | [(0.73)](/filings/0001493152-25-021950.md) | not reported | [(0.38)](/filings/0001493152-26-024591.md) | [(0.36)](/filings/0001493152-26-039250.md) | [(0.38)](/filings/0001493152-25-021950.md) | not reported | [(0.51)](/filings/0001493152-26-024591.md) | [0.05](/filings/0001493152-26-039250.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [51.1](/filings/0001493152-23-009766.md) | [122](/filings/0001493152-24-009661.md) | [137](/filings/0001641172-25-000608.md) | [60.9](/filings/0001493152-26-016889.md) | [57.0](/filings/0001493152-26-016889.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(11.7%)](/filings/0001493152-23-009766.md) | [0.5%](/filings/0001493152-24-009661.md) | [13.8%](/filings/0001641172-25-000608.md) | [(71.4%)](/filings/0001493152-26-016889.md) | [(59.9%)](/filings/0001493152-26-016889.md) |
| Net margin | % | [(26.5%)](/filings/0001493152-23-009766.md) | [(0.6%)](/filings/0001493152-24-009661.md) | [15.0%](/filings/0001641172-25-000608.md) | [(75.1%)](/filings/0001493152-26-016889.md) | [(63.3%)](/filings/0001493152-26-016889.md) |
| Diluted EPS | $ per share | [(3.09)](/filings/0001493152-22-007663.md) | [(0.05)](/filings/0001493152-24-009661.md) | [1.38](/filings/0001641172-25-000608.md) | [(2.39)](/filings/0001493152-26-016889.md) | [(1.80)](/filings/0001493152-26-016889.md) |
| Free cash flow | $m | [(15.3)](/filings/0001493152-23-009766.md) | [0.8](/filings/0001493152-24-009661.md) | not reported | [(21.8)](/filings/0001493152-26-016889.md) | [(21.3)](/filings/0001493152-26-016889.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/surg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $204.8k | 567,358 |  | Unchanged |
| [Gaddis Premier Wealth Advisors LLC](/funds/2087873.md) | 2026-06-30 | $158.2k | 438,287 |  | Unchanged |
| [Millennium Capital Advisors, LLC](/funds/2097025.md) | 2026-06-30 | $75.8k | 210,000 |  | Added +125,000 |
| [Cable Car Capital, LP](/funds/1699575.md) | 2026-06-30 | $65.6k | 181,667 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $60.9k | 168,647 |  | Reduced −55,350 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $30.0k | 83,235 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $30.0k | 83,163 |  | New +83,163 |
| [Cetera Investment Advisers](/funds/1666741.md) | 2026-06-30 | $23.8k | 66,000 |  | Unchanged |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $22.3k | 61,800 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $19.5k | 54,100 | Call | New +54,100 |

## Recent filings

[All 447 filings](/companies/surg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-15 | 12:00 ET | [8-K](/filings/0001493152-26-047149.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-047149 |
| 2026-09-30 | 10:18 ET | [8-K/A](/filings/0001493152-26-045001.md) | 9.01 Financial statements and exhibits | 0001493152-26-045001 |
| 2026-09-29 | 12:00 ET | [8-K](/filings/0001493152-26-044789.md) | 3.01 Delisting notice | 0001493152-26-044789 |
| 2026-09-16 | 21:00 ET | [8-K](/filings/0001493152-26-042938.md) | 4.01 Change of auditor | 0001493152-26-042938 |
| 2026-09-10 | 20:05 ET | [8-K](/filings/0001493152-26-042153.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-042153 |
| 2026-09-03 | 12:30 ET | [8-K](/filings/0001493152-26-041325.md) | 8.01 Other events | 0001493152-26-041325 |
| 2026-08-19 | 21:02 ET | [10-Q](/filings/0001493152-26-039250.md) | Quarterly report, period 2026-06-30 | 0001493152-26-039250 |
| 2026-08-05 | 20:05 ET | [8-K](/filings/0001493152-26-036162.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001493152-26-036162 |
| 2026-07-29 | 11:15 ET | [8-K](/filings/0001493152-26-035097.md) | 8.01 Other events | 0001493152-26-035097 |
| 2026-07-01 | 20:05 ET | [8-K](/filings/0001493152-26-031540.md) | 8.01 Other events | 0001493152-26-031540 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001493152-26-016889.md), filed Apr 15, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f0d26bc1-46d6-4b53-b3f3-27479edb3fc6)

## About the filer

- CIK: 1392694
- Tickers: SURG
- Exchange: Nasdaq
- SIC code: 4813 Telephone Communications (No Radiotelephone)
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:38 ET. No prices; not investment advice.
