Surgepays Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Surgepays Inc has an operating margin of -68.6%, meaning the company retains $-69 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 13.8% the prior year.
Surgepays Inc's revenue declined 55.6% year-over-year, from $137.1M to $60.9M. This contraction results in a growth score of 0/100.
Surgepays Inc carries a low D/E ratio of 0.26, meaning only $0.26 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.
With a current ratio of 2.95, Surgepays Inc holds $2.95 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.
While Surgepays Inc generated -$21.3M in operating cash flow, capex of $518K consumed most of it, leaving -$21.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Surgepays Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Surgepays Inc generates $0.47 in operating cash flow (-$21.3M OCF vs -$45.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Surgepays Inc (SURG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Key Financial Metrics
Surgepays Inc generated $60.9M in revenue in fiscal year 2024. This represents a decrease of 55.6% from the prior year.
Surgepays Inc's EBITDA was -$40.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 306.3% from the prior year.
Surgepays Inc generated -$21.8M in free cash flow in fiscal year 2024, representing cash available after capex.
Surgepays Inc reported -$45.7M in net income in fiscal year 2024. This represents a decrease of 321.8% from the prior year.
Surgepays Inc earned $-2.39 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 273.2% from the prior year.
Surgepays Inc held $11.8M in cash against $4.0M in long-term debt as of fiscal year 2024.
Surgepays Inc had 20M shares outstanding in fiscal year 2024. This represents an increase of 39.3% from the prior year.
Surgepays Inc's gross margin was -23.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 49.5 percentage points from the prior year.
Surgepays Inc's operating margin was -68.6% in fiscal year 2024, reflecting core business profitability. This is down 82.4 percentage points from the prior year.
Surgepays Inc's net profit margin was -75.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 90.1 percentage points from the prior year.
Surgepays Inc invested $518K in capex in fiscal year 2024, funding long-term assets and infrastructure.
SURG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.7M+62.2% | $11.5M+8.9% | $10.6M+10.2% | $9.6M-36.4% | $15.1M-52.0% | $31.4M-2.8% | $32.3M-5.4% | $34.2M |
| Cost of Revenue | $21.3M+50.1% | $14.2M+4.8% | $13.5M-35.1% | $20.8M+12.4% | $18.5M-20.3% | $23.2M-6.6% | $24.9M+5.1% | $23.7M |
| Gross Profit | -$2.6M+2.2% | -$2.7M+9.8% | -$2.9M+73.8% | -$11.2M-226.2% | -$3.4M-142.1% | $8.2M+10.0% | $7.4M-29.0% | $10.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $4.4M+4.8% | $4.2M-10.4% | $4.6M-35.1% | $7.1M-3.9% | $7.4M+15.6% | $6.4M-2.2% | $6.6M+94.0% | $3.4M |
| Operating Income | -$7.0M-2.1% | -$6.8M+10.2% | -$7.6M+58.8% | -$18.4M-69.0% | -$10.9M-720.8% | $1.8M+102.2% | $866K-87.8% | $7.1M |
| Interest Expense | $425K+99.9% | $212K | N/A | $113K-3.3% | $117K | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $2.5M+502.1% | $423K | N/A | N/A |
| Net Income | -$7.5M-5.7% | -$7.1M+7.2% | -$7.6M+61.5% | -$19.8M-54.0% | -$12.9M-1150.6% | $1.2M-59.5% | $3.0M-57.4% | $7.1M |
| EPS (Diluted) | $-0.38-5.6% | $-0.36+5.3% | $-0.38+64.5% | $-1.07-62.1% | $-0.66-1042.9% | $0.07-61.1% | $0.18-63.3% | $0.49 |
SURG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.5M-4.7% | $15.2M-2.9% | $15.7M-34.7% | $24.0M-57.5% | $56.4M-18.9% | $69.6M+66.0% | $41.9M-3.0% | $43.2M |
| Current Assets | $9.2M-4.8% | $9.7M-1.6% | $9.9M-44.9% | $17.9M-63.3% | $48.7M-17.5% | $59.1M+77.0% | $33.4M-10.4% | $37.3M |
| Cash & Equivalents | $2.5M-42.9% | $4.4M-18.4% | $5.4M-54.2% | $11.8M-69.3% | $38.4M-10.5% | $42.9M+193.7% | $14.6M+14.8% | $12.7M |
| Inventory | $1.9M-20.5% | $2.4M+35.3% | $1.8M0.0% | $1.8M-78.7% | $8.4M+13.9% | $7.3M-18.8% | $9.0M-37.8% | $14.5M |
| Accounts Receivable | $4.3M+60.1% | $2.7M+7.8% | $2.5M-17.1% | $3.0M+112.5% | $1.4M-82.9% | $8.3M-13.3% | $9.5M-2.4% | $9.8M |
| Goodwill | $3.3M0.0% | $3.3M0.0% | $3.3M0.0% | $3.3M-20.8% | $4.2M0.0% | $4.2M+150.0% | $1.7M0.0% | $1.7M |
| Total Liabilities | $20.9M+38.0% | $15.2M+92.2% | $7.9M-9.5% | $8.7M-13.9% | $10.1M-24.5% | $13.4M-0.9% | $13.5M-30.3% | $19.4M |
| Current Liabilities | $17.7M+103.1% | $8.7M+51.6% | $5.7M-5.3% | $6.1M-8.2% | $6.6M-30.0% | $9.4M-25.8% | $12.7M-12.3% | $14.5M |
| Long-Term Debt | $12.0M+25.0% | $9.6M+165.6% | $3.6M-10.2% | $4.0M-16.4% | $4.8M-7.3% | $5.2M+2.9% | $5.0M-1.3% | $5.1M |
| Total Equity | -$6.4M-5585.5% | $116K-98.5% | $7.8M-48.8% | $15.3M-66.8% | $46.2M-17.6% | $56.0M+98.4% | $28.2M+19.2% | $23.7M |
| Retained Earnings | -$83.1M-9.9% | -$75.6M-10.3% | -$68.6M-12.5% | -$60.9M-127.1% | -$26.8M-92.2% | -$14.0M+8.1% | -$15.2M+16.6% | -$18.2M |
SURG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M+24.1% | -$6.1M+12.1% | -$7.0M+11.8% | -$7.9M-91.2% | -$4.1M-202.2% | $4.0M+106.4% | $2.0M-75.8% | $8.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$19K-100.2% | $7.6M | N/A | N/A | $0 | $0 |
| Financing Cash Flow | $2.8M-46.2% | $5.1M+1348.5% | -$411K+24.7% | -$545K-43.4% | -$380K-101.6% | $24.3M+36323.8% | -$67K+88.1% | -$562K |
| 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 |
SURG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -13.9%+9.2pp | -23.1%+4.8pp | -27.8%+89.2pp | -117.1%-94.2pp | -22.8%-48.9pp | 26.0%+3.0pp | 23.0%-7.7pp | 30.7% |
| Operating Margin | -37.2%+21.9pp | -59.1%+12.5pp | -71.7%+119.9pp | -191.5%-119.4pp | -72.1%-77.7pp | 5.6%+2.9pp | 2.7%-18.1pp | 20.8% |
| Net Margin | -40.1%+21.4pp | -61.5%+10.7pp | -72.2%+134.3pp | -206.5%-121.2pp | -85.3%-89.2pp | 3.9%-5.5pp | 9.3%-11.4pp | 20.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | 2.2%-8.5pp | 10.7%-19.2pp | 29.9% |
| Return on Assets | -51.7%-5.1pp | -46.6%+2.2pp | -48.7%+33.9pp | -82.6%-59.8pp | -22.8%-24.6pp | 1.8%-5.4pp | 7.2%-9.2pp | 16.4% |
| Current Ratio | 0.52-0.6 | 1.11-0.6 | 1.72-1.2 | 2.95-4.4 | 7.38+1.1 | 6.26+3.6 | 2.63+0.1 | 2.57 |
| Debt-to-Equity | -1.88-84.6 | 82.67+82.2 | 0.46+0.2 | 0.26+0.2 | 0.10+0.0 | 0.09-0.1 | 0.18-0.0 | 0.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Surgepays Inc's annual revenue?
Surgepays Inc (SURG) reported $60.9M in total revenue for fiscal year 2024. This represents a -55.6% 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 Surgepays Inc's revenue growing?
Surgepays Inc (SURG) revenue declined by 55.6% year-over-year, from $137.1M to $60.9M in fiscal year 2024.
Is Surgepays Inc profitable?
No, Surgepays Inc (SURG) reported a net income of -$45.7M in fiscal year 2024, with a net profit margin of -75.1%.
What is Surgepays Inc's earnings per share (EPS)?
Surgepays Inc (SURG) reported diluted earnings per share of $-2.39 for fiscal year 2024. This represents a -273.2% 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 Surgepays Inc's EBITDA?
Surgepays Inc (SURG) had EBITDA of -$40.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Surgepays Inc have?
As of fiscal year 2024, Surgepays Inc (SURG) had $11.8M in cash and equivalents against $4.0M in long-term debt.
What is Surgepays Inc's gross margin?
Surgepays Inc (SURG) had a gross margin of -23.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Surgepays Inc's operating margin?
Surgepays Inc (SURG) had an operating margin of -68.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Surgepays Inc's net profit margin?
Surgepays Inc (SURG) had a net profit margin of -75.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Surgepays Inc's free cash flow?
Surgepays Inc (SURG) generated -$21.8M in free cash flow during fiscal year 2024. 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 Surgepays Inc's operating cash flow?
Surgepays Inc (SURG) generated -$21.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Surgepays Inc's total assets?
Surgepays Inc (SURG) had $24.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Surgepays Inc's capital expenditures?
Surgepays Inc (SURG) invested $518K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Surgepays Inc have outstanding?
Surgepays Inc (SURG) had 20M shares outstanding as of fiscal year 2024.
What is Surgepays Inc's current ratio?
Surgepays Inc (SURG) had a current ratio of 2.95 as of fiscal year 2024, which is generally considered healthy.
What is Surgepays Inc's debt-to-equity ratio?
Surgepays Inc (SURG) had a debt-to-equity ratio of 0.26 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Surgepays Inc's return on assets (ROA)?
Surgepays Inc (SURG) had a return on assets of -190.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Surgepays Inc's cash runway?
Based on fiscal year 2024 data, Surgepays Inc (SURG) had $11.8M in cash against an annual operating cash burn of $21.3M. This gives an estimated cash runway of approximately 7 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Surgepays Inc's Piotroski F-Score?
Surgepays Inc (SURG) has a Piotroski F-Score of 2 out of 9, indicating weak 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 Surgepays Inc's earnings high quality?
Surgepays Inc (SURG) has an earnings quality ratio of 0.47x, considered low quality (accrual-driven). 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 Surgepays Inc?
Surgepays Inc (SURG) scores 40 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.