SurgePays, Inc. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that SurgePays, Inc. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $56.96M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $60.88M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $137.14M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $121.54M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $51.06M | Mar 30, 2023 |
| FY2018 | Dec 31, 2018 | $15.24M | Apr 1, 2019 |
| FY2018 | Dec 31, 2017 | $13.46M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $3.30M | Apr 10, 2018 |
| FY2016 | Dec 31, 2015 | $2.83M | Dec 11, 2017 |
| FY2015 | Dec 31, 2014 | $31.3K | Apr 14, 2016 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $56.96M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $60.88M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $137.14M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $121.54M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $51.06M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $54.41M | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $25.74M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $15.24M | May 12, 2020 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Dec 31, 2020 | $2.47M | Apr 2, 2021 |
| FY2020 | Dec 31, 2019 | $3.12M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $6.67M | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $5.36M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $968.3K | Apr 10, 2018 |
| FY2016 | Dec 31, 2015 | $500.7K | Dec 11, 2017 |
| FY2015 | Dec 31, 2014 | $9.4K | Apr 14, 2016 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($36.07M) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | ($45.73M) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $20.62M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($680.8K) | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | ($13.53M) | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | ($10.72M) | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | ($8.45M) | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | ($1.54M) | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $2.77M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($4.60M) | Apr 10, 2018 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($34.14M) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | ($43.46M) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $18.87M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $633.8K | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | ($5.99M) | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | ($10.15M) | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | ($7.77M) | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | ($1.54M) | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $204.3K | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($3.11M) | Apr 10, 2018 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $20.07M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $27.46M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $16.78M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $12.84M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $12.16M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $12.61M | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $10.66M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $8.06M | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $5.15M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $3.27M | Apr 10, 2018 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($21.29M) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | ($21.31M) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $10.29M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $793.3K | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | ($15.29M) | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | ($4.33M) | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | ($6.53M) | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | ($1.02M) | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $227.8K | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($641.9K) | Apr 10, 2018 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $18.6K | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $518.2K | Apr 15, 2026 |
| FY2023 | Dec 31, 2022 | $11.4K | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $51.4K | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $6.6K | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $227.6K | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $331.8K | May 12, 2020 |
| FY2017 | Dec 31, 2017 | $147.0K | Apr 10, 2018 |
| FY2017 | Dec 31, 2016 | $3.0K | Apr 10, 2018 |
| FY2016 | Dec 31, 2015 | $9.7K | Dec 11, 2017 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.52M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $23.98M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $41.93M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $34.00M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $19.50M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $7.33M | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $9.99M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $4.08M | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $3.08M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $2.36M | Apr 10, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $23.92M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $8.71M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $13.52M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $28.89M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $15.95M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $18.05M | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $14.69M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $6.07M | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $3.69M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | $4.17M | Apr 10, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($15.35M) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $15.32M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $28.25M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | $4.99M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $3.55M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | ($10.73M) | Mar 24, 2022 |
| FY2021 | Dec 31, 2019 | ($4.70M) | Mar 24, 2022 |
| FY2020 | Dec 31, 2018 | ($1.99M) | Apr 2, 2021 |
| FY2019 | Dec 31, 2017 | ($617.2K) | May 12, 2020 |
| FY2018 | Dec 31, 2016 | ($3.38M) | Apr 1, 2019 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2024 | $3.30M | Apr 15, 2026 |
| FY2025 | Dec 31, 2023 | $1.67M | Apr 15, 2026 |
| FY2023 | Dec 31, 2022 | $1.67M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | $866.8K | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $866.8K | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $866.8K | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $866.8K | May 12, 2020 |
| FY2017 | Dec 31, 2017 | $866.8K | Apr 10, 2018 |
| FY2017 | Dec 31, 2016 | $866.8K | Apr 10, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($96.98M) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | ($60.92M) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | ($15.19M) | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | ($35.80M) | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | ($35.12M) | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | ($21.59M) | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | ($10.87M) | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | ($2.42M) | May 12, 2020 |
| FY2018 | Dec 31, 2017 | ($617.2K) | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | ($6.03M) | Apr 10, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.73M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | $11.79M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | $14.62M | Mar 25, 2025 |
| FY2022 | Dec 31, 2022 | $7.04M | Mar 30, 2023 |
| FY2022 | Dec 31, 2021 | $6.28M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | $674.0K | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | $346.0K | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | $444.6K | May 12, 2020 |
| FY2018 | Dec 31, 2017 | $1.27M | Apr 1, 2019 |
| FY2018 | Dec 31, 2016 | $439.3K | Apr 1, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $13.26M | Apr 15, 2026 |
| FY2024 | Dec 31, 2024 | $4.03M | Mar 25, 2025 |
| FY2023 | Dec 31, 2023 | $5.05M | Mar 12, 2024 |
| FY2022 | Dec 31, 2022 | $7.67M | Mar 30, 2023 |
| FY2020 | Dec 31, 2020 | $7.82M | Apr 2, 2021 |
| FY2019 | Dec 31, 2019 | $8.52M | May 12, 2020 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (1) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | (2) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | (3) | Mar 30, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | (1) | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | (2) | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Mar 12, 2024 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 21.15M | Apr 15, 2026 |
| FY2025 | Dec 31, 2024 | 20.07M | Apr 15, 2026 |
| FY2024 | Dec 31, 2023 | 14.40M | Mar 25, 2025 |
| FY2023 | Dec 31, 2022 | 14.12M | Mar 12, 2024 |
| FY2022 | Dec 31, 2021 | 12.06M | Mar 30, 2023 |
| FY2021 | Dec 31, 2020 | 2.54M | Mar 24, 2022 |
| FY2020 | Dec 31, 2019 | 102.19M | Apr 2, 2021 |
| FY2019 | Dec 31, 2018 | 88.05M | May 12, 2020 |
| FY2018 | Dec 31, 2017 | 152.56M | Apr 1, 2019 |
| FY2017 | Dec 31, 2016 | 57.34M | Apr 10, 2018 |