Surge Components Inc N Y Financials

SPRS

Source SEC Filings (10-K/10-Q) Updated Aug 31, 2025 Currency USD FYE November

This page shows Surge Components Inc N Y (SPRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Surge Components Inc N Y has an operating margin of 2.9%, meaning the company retains $3 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is down from 4.2% the prior year.

Growth

Surge Components Inc N Y's revenue declined 14% year-over-year, from $36.3M to $31.2M. This contraction results in a growth score of 0/100.

Leverage

100

Surge Components Inc N Y carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 4.72, Surge Components Inc N Y holds $4.72 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Surge Components Inc N Y's free cash flow margin of 5.8% results in a low score of 29/100. Capital expenditures of $11K absorb a large share of operating cash flow.

Returns

Surge Components Inc N Y generates a 4.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is down from 5.2% the prior year.

Altman Z-Score Safe

3.85

Surge Components Inc N Y scores 3.85, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Surge Components Inc N Y passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.21x

For every $1 of reported earnings, Surge Components Inc N Y generates $2.21 in operating cash flow ($1.8M OCF vs $826K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$31.2M

YoY-14.0%

5Y CAGR-0.8%

10Y CAGR+1.4%

Surge Components Inc N Y generated $31.2M in revenue in fiscal year 2024. This represents a decrease of 14.0% from the prior year.

EBITDA

$974K

YoY-38.4%

5Y CAGR-13.2%

10Y CAGR+2.5%

Surge Components Inc N Y's EBITDA was $974K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 38.4% from the prior year.

Free Cash Flow

$1.8M

YoY-15.7%

5Y CAGR+13.0%

10Y CAGR-0.4%

Surge Components Inc N Y generated $1.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 15.7% from the prior year.

Net Income

$826K

YoY-15.1%

5Y CAGR-16.5%

10Y CAGR+6.5%

Surge Components Inc N Y reported $826K in net income in fiscal year 2024. This represents a decrease of 15.1% from the prior year.

EPS (Diluted)

$0.14

YoY-17.6%

5Y CAGR-17.7%

10Y CAGR+13.3%

Surge Components Inc N Y earned $0.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 17.6% from the prior year.

Cash & Debt

$5.6M

YoY-26.3%

5Y CAGR+15.5%

10Y CAGR-0.9%

Surge Components Inc N Y held $5.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.1%

5Y CAGR+1.0%

10Y CAGR-4.7%

Surge Components Inc N Y had 6M shares outstanding in fiscal year 2024. This represents an increase of 0.1% from the prior year.

Gross Margin

28.5%

YoY+1.2pp

5Y CAGR+0.1pp

10Y CAGR+4.0pp

Surge Components Inc N Y's gross margin was 28.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

2.9%

YoY-1.3pp

5Y CAGR-3.1pp

10Y CAGR+0.3pp

Surge Components Inc N Y's operating margin was 2.9% in fiscal year 2024, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin

2.6%

YoY-0.0pp

5Y CAGR-3.6pp

10Y CAGR+1.0pp

Surge Components Inc N Y's net profit margin was 2.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.

Return on Equity

4.2%

YoY-1.0pp

5Y CAGR-18.9pp

10Y CAGR+0.1pp

Surge Components Inc N Y's ROE was 4.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$11K

YoY-74.7%

5Y CAGR-24.2%

10Y CAGR-15.4%

Surge Components Inc N Y invested $11K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 74.7% from the prior year.

SPRS Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$31.2M-14.0%	$36.3M-30.1%	$51.9M+30.3%	$39.8M+25.6%	$31.7M-2.4%	$32.5M
Cost of Revenue	$22.3M-15.3%	$26.3M-29.9%	$37.6M+29.9%	$28.9M+26.0%	$23.0M-1.2%	$23.2M
Gross Profit	$8.9M-10.3%	$9.9M-30.7%	$14.3M+31.5%	$10.9M+24.4%	$8.8M-5.3%	$9.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.2M+72.4%	$3.0M-8.9%	$3.3M+27.8%	$2.6M+6.9%	$2.4M-10.5%	$2.7M
Operating Income	$904K-40.2%	$1.5M-68.0%	$4.7M+49.8%	$3.2M+112.4%	$1.5M-23.5%	$1.9M
Interest Expense	N/A	N/A	$405-65.3%	$1K-41.6%	$2K-25.7%	$3K
Income Tax	$410K-37.3%	$653K-44.2%	$1.2M+7.3%	$1.1M+9421.4%	-$12K+87.8%	-$96K
Net Income	$826K-15.1%	$972K-74.0%	$3.7M+48.8%	$2.5M+65.6%	$1.5M-25.5%	$2.0M
EPS (Diluted)	$0.14-17.6%	$0.17-73.8%	$0.65+47.7%	$0.44+63.0%	$0.27-27.0%	$0.37

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$10.3M+15.2%	$8.9M+23.3%	$7.2M-18.2%	$8.8M+20.4%	$7.3M+4.1%	$7.1M-12.1%	$8.0M-9.4%	$8.9M
Cost of Revenue	$7.4M+19.3%	$6.2M+20.1%	$5.2M-19.9%	$6.5M+21.1%	$5.3M+6.6%	$5.0M-16.0%	$6.0M-9.1%	$6.6M
Gross Profit	$2.8M+5.8%	$2.7M+31.4%	$2.0M-13.7%	$2.4M+18.4%	$2.0M-1.9%	$2.0M-1.0%	$2.1M-10.2%	$2.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M-25.0%	$1.9M+39.9%	$1.4M-56.4%	$3.2M+369.9%	$673K0.0%	$672K-10.4%	$751K+0.2%	$749K
Operating Income	$659K+986.3%	$61K+2484.0%	-$3K-100.7%	$341K+202.5%	$113K+233.1%	-$85K-235.7%	$62K-70.7%	$213K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$287K+27331.2%	$1K-98.4%	$65K-62.9%	$176K+305.1%	$43K+263.9%	$12K-93.9%	$196K+73.9%	$113K
Net Income	$472K+300.3%	$118K+105.7%	$57K-77.5%	$255K+29.0%	$198K+374.9%	-$72K+10.7%	-$81K-160.5%	$133K
EPS (Diluted)	$0.08+300.0%	$0.02+100.0%	$0.01-75.0%	$0.04+33.3%	$0.03+400.0%	$-0.010.0%	$-0.01-150.0%	$0.02

SPRS Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$25.4M+3.1%	$24.7M+0.2%	$24.6M+13.2%	$21.8M+21.8%	$17.9M+34.5%	$13.3M
Current Assets	$24.0M+4.8%	$22.9M+0.4%	$22.8M+16.6%	$19.5M+32.2%	$14.8M+23.8%	$11.9M
Cash & Equivalents	$5.6M-26.3%	$7.6M-12.1%	$8.7M+33.5%	$6.5M+48.4%	$4.4M+60.2%	$2.7M
Inventory	$5.0M-7.8%	$5.4M-15.4%	$6.4M+21.1%	$5.3M+55.2%	$3.4M-5.1%	$3.6M
Accounts Receivable	$6.0M-2.2%	$6.1M-15.7%	$7.2M-3.6%	$7.5M+16.2%	$6.5M+25.8%	$5.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.0M-2.5%	$6.1M-14.2%	$7.1M-16.9%	$8.6M+18.1%	$7.3M+62.3%	$4.5M
Current Liabilities	$5.1M+2.2%	$5.0M-16.5%	$6.0M-18.0%	$7.3M+35.3%	$5.4M+20.9%	$4.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$19.5M+5.0%	$18.6M+6.1%	$17.5M+32.8%	$13.2M+24.3%	$10.6M+20.4%	$8.8M
Retained Earnings	$1.7M+96.3%	$852K+839.9%	-$115K+97.0%	-$3.8M+39.4%	-$6.4M+19.2%	-$7.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$27.2M+3.0%	$26.4M+5.8%	$24.9M-2.0%	$25.4M+1.2%	$25.1M+8.9%	$23.1M-6.5%	$24.7M-1.0%	$24.9M
Current Assets	$25.7M+2.7%	$25.0M+6.2%	$23.6M-1.8%	$24.0M+1.9%	$23.5M+10.3%	$21.4M-6.7%	$22.9M-1.4%	$23.2M
Cash & Equivalents	$4.3M+6.5%	$4.0M+3.7%	$3.9M-31.2%	$5.6M-1.3%	$5.7M-37.3%	$9.1M+19.1%	$7.6M+28.2%	$6.0M
Inventory	$5.6M-0.3%	$5.6M+6.4%	$5.3M+5.2%	$5.0M-0.9%	$5.0M+30.3%	$3.9M-28.6%	$5.4M-3.9%	$5.6M
Accounts Receivable	$6.8M+12.4%	$6.1M+11.9%	$5.4M-8.7%	$6.0M+7.2%	$5.6M+5.0%	$5.3M-13.1%	$6.1M-16.3%	$7.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.3M+3.9%	$6.1M+12.9%	$5.4M-10.0%	$6.0M-6.9%	$6.4M+40.9%	$4.5M-25.7%	$6.1M-2.7%	$6.3M
Current Liabilities	$5.5M+5.3%	$5.3M+16.0%	$4.5M-10.9%	$5.1M-5.9%	$5.4M+57.5%	$3.4M-31.0%	$5.0M-3.6%	$5.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$20.9M+2.7%	$20.3M+3.8%	$19.6M+0.5%	$19.5M+4.0%	$18.7M+1.1%	$18.5M-0.2%	$18.6M-0.4%	$18.7M
Retained Earnings	$2.3M+25.5%	$1.8M+6.8%	$1.7M+3.3%	$1.7M+71.5%	$975K+25.5%	$777K-8.7%	$852K-8.6%	$933K

SPRS Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.8M-16.9%	$2.2M-1.9%	$2.2M-3.9%	$2.3M+100.5%	$1.2M+12.8%	$1.0M
Capital Expenditures	$11K-74.7%	$43K-10.3%	$48K-75.2%	$195K+905.4%	$19K-55.8%	$44K
Free Cash Flow	$1.8M-15.7%	$2.1M-1.7%	$2.2M+2.6%	$2.1M+86.8%	$1.1M+15.9%	$985K
Investing Cash Flow	-$3.8M-17.9%	-$3.2M-6617.8%	-$48K+75.2%	-$195K-905.4%	-$19K+55.8%	-$44K
Financing Cash Flow	N/A	N/A	-$8K-0.2%	-$8K-101.7%	$507K+6727.9%	-$8K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$99K-52.6%	$210K+268.7%	-$124K-114.3%	$868K+89.6%	$458K-59.7%	$1.1M+23.0%	$923K-18.4%	$1.1M
Capital Expenditures	$4K-96.6%	$108K+1659.1%	$6K	$0	N/A	N/A	$12K	$0
Free Cash Flow	$96K-5.8%	$102K+178.0%	-$130K-115.0%	$868K	N/A	N/A	$912K-19.4%	$1.1M
Investing Cash Flow	$236K+236.2%	-$173K+89.4%	-$1.6M-366.4%	$613K+115.9%	-$3.8M-1296.7%	$321K-57.4%	$754K+119.0%	-$4.0M
Financing Cash Flow	-$74K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPRS Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	28.5%+1.2pp	27.4%-0.2pp	27.6%+0.3pp	27.3%-0.3pp	27.6%-0.9pp	28.5%
Operating Margin	2.9%-1.3pp	4.2%-4.9pp	9.1%+1.2pp	7.9%+3.2pp	4.7%-1.3pp	6.0%
Net Margin	2.6%-0.0pp	2.7%-4.5pp	7.2%+0.9pp	6.3%+1.5pp	4.8%-1.5pp	6.3%
Return on Equity	4.2%-1.0pp	5.2%-16.1pp	21.3%+2.3pp	19.1%+4.8pp	14.3%-8.8pp	23.1%
Return on Assets	3.3%-0.7pp	3.9%-11.2pp	15.2%+3.6pp	11.5%+3.0pp	8.5%-6.8pp	15.3%
Current Ratio	4.72+0.1	4.60+0.8	3.83+1.1	2.69-0.1	2.76+0.1	2.69
Debt-to-Equity	0.31-0.0	0.33-0.1	0.41-0.2	0.65-0.0	0.68+0.2	0.51
FCF Margin	5.8%-0.1pp	5.9%+1.7pp	4.2%-1.1pp	5.3%+1.8pp	3.6%+0.6pp	3.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	27.7%-2.5pp	30.1%+1.9pp	28.3%+1.5pp	26.8%-0.4pp	27.3%-1.7pp	28.9%+3.3pp	25.7%-0.2pp	25.9%
Operating Margin	6.4%+5.7pp	0.7%+0.7pp	-0.0%-3.9pp	3.9%+2.3pp	1.5%+2.7pp	-1.2%-2.0pp	0.8%-1.6pp	2.4%
Net Margin	4.6%+3.3pp	1.3%+0.5pp	0.8%-2.1pp	2.9%+0.2pp	2.7%+3.7pp	-1.0%-0.0pp	-1.0%-2.5pp	1.5%
Return on Equity	2.3%+1.7pp	0.6%+0.3pp	0.3%-1.0pp	1.3%+0.3pp	1.1%	N/A	N/A	0.7%
Return on Assets	1.7%+1.3pp	0.4%+0.2pp	0.2%-0.8pp	1.0%+0.2pp	0.8%+1.1pp	-0.3%+0.0pp	-0.3%-0.9pp	0.5%
Current Ratio	4.65-0.1	4.77-0.4	5.20+0.5	4.72+0.4	4.36-1.9	6.23+1.6	4.60+0.1	4.50
Debt-to-Equity	0.300.0	0.30+0.0	0.27-0.0	0.31-0.0	0.34+0.1	0.24-0.1	0.330.0	0.34
FCF Margin	0.9%-0.2pp	1.1%+2.9pp	-1.8%-11.6pp	9.8%	N/A	N/A	11.4%-1.4pp	12.8%

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Frequently Asked Questions

What is Surge Components Inc N Y's annual revenue?

Surge Components Inc N Y (SPRS) reported $31.2M in total revenue for fiscal year 2024. This represents a -14.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Surge Components Inc N Y's revenue growing?

Surge Components Inc N Y (SPRS) revenue declined by 14% year-over-year, from $36.3M to $31.2M in fiscal year 2024.

Is Surge Components Inc N Y profitable?

Yes, Surge Components Inc N Y (SPRS) reported a net income of $826K in fiscal year 2024, with a net profit margin of 2.6%.

What is Surge Components Inc N Y's earnings per share (EPS)?

Surge Components Inc N Y (SPRS) reported diluted earnings per share of $0.14 for fiscal year 2024. This represents a -17.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Surge Components Inc N Y's EBITDA?

Surge Components Inc N Y (SPRS) had EBITDA of $974K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Surge Components Inc N Y's gross margin?

Surge Components Inc N Y (SPRS) had a gross margin of 28.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Surge Components Inc N Y's operating margin?

Surge Components Inc N Y (SPRS) had an operating margin of 2.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Surge Components Inc N Y's net profit margin?

Surge Components Inc N Y (SPRS) had a net profit margin of 2.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Surge Components Inc N Y's return on equity (ROE)?

Surge Components Inc N Y (SPRS) has a return on equity of 4.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Surge Components Inc N Y's free cash flow?

Surge Components Inc N Y (SPRS) generated $1.8M in free cash flow during fiscal year 2024. This represents a -15.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Surge Components Inc N Y's operating cash flow?

Surge Components Inc N Y (SPRS) generated $1.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Surge Components Inc N Y's total assets?

Surge Components Inc N Y (SPRS) had $25.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Surge Components Inc N Y's capital expenditures?

Surge Components Inc N Y (SPRS) invested $11K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Surge Components Inc N Y have outstanding?

Surge Components Inc N Y (SPRS) had 6M shares outstanding as of fiscal year 2024.

What is Surge Components Inc N Y's current ratio?

Surge Components Inc N Y (SPRS) had a current ratio of 4.72 as of fiscal year 2024, which is generally considered healthy.

What is Surge Components Inc N Y's debt-to-equity ratio?

Surge Components Inc N Y (SPRS) had a debt-to-equity ratio of 0.31 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Surge Components Inc N Y's return on assets (ROA)?

Surge Components Inc N Y (SPRS) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Surge Components Inc N Y's Altman Z-Score?

Surge Components Inc N Y (SPRS) has an Altman Z-Score of 3.85, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Surge Components Inc N Y's Piotroski F-Score?

Surge Components Inc N Y (SPRS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Surge Components Inc N Y's earnings high quality?

Surge Components Inc N Y (SPRS) has an earnings quality ratio of 2.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Surge Components Inc N Y?

Surge Components Inc N Y (SPRS) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.