Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.30M | $13.5M | $15.2M | $25.7M | $54.4M | $51.1M | $122M | $137M | $60.9M | $57.0M |
| Revenue growth | — | 308.3% | 13.3% | 68.9% | 111.3% | -6.2% | 138.0% | 12.8% | -55.6% | -6.4% |
| Gross profit | $968K | $5.36M | $6.67M | $3.12M | $2.47M | — | — | — | — | — |
| Gross margin | 29.4% | 39.9% | 43.8% | 12.1% | 4.5% | — | — | — | — | — |
| Operating income | -$3.11M | $204K | -$1.54M | -$7.77M | -$10.1M | -$5.99M | $634K | $18.9M | -$43.5M | -$34.1M |
| Operating margin | -94.2% | 1.5% | -10.1% | -30.2% | -18.6% | -11.7% | 0.5% | 13.8% | -71.4% | -59.9% |
| Net income | -$4.60M | $2.77M | -$1.54M | -$8.45M | -$10.7M | -$13.5M | -$681K | $20.6M | -$45.7M | -$36.1M |
| Net margin | -139.5% | 20.6% | -10.1% | -32.8% | -19.7% | -26.5% | -0.6% | 15.0% | -75.1% | -63.3% |
| EPS (diluted) | -$0.10 | $0.04 | -$0.02 | -$0.09 | -$5.02 | -$3.09 | -$0.05 | $1.38 | -$2.39 | -$1.80 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$642K | $228K | -$1.02M | -$6.53M | -$4.33M | -$15.3M | $793K | $10.3M | -$21.3M | -$21.3M |
| Capital expenditures | $3.00K | $147K | $332K | $228K | $6.61K | $51.4K | $11.4K | — | $518K | $18.6K |
| Free cash flow | -$645K | $80.8K | -$1.35M | -$6.76M | -$4.33M | -$15.3M | $782K | — | -$21.8M | -$21.3M |
| Share buybacks | — | — | — | — | $500K | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $439K | $1.27M | $445K | $346K | $674K | $6.28M | $7.04M | $14.6M | $11.8M | $1.73M |
| Total assets | $2.36M | $3.08M | $4.08M | $9.99M | $7.33M | $19.5M | $34.0M | $41.9M | $24.0M | $8.52M |
| Total liabilities | $4.17M | $3.69M | $6.07M | $14.7M | $18.1M | $15.9M | $28.9M | $13.5M | $8.71M | $23.9M |
| Long-term debt | $58.7K | $52.2K | $680K | $8.52M | $7.82M | — | $7.67M | $5.05M | $4.03M | $13.3M |
| Shareholders' equity | -$3.38M | -$617K | -$1.99M | -$4.70M | -$10.7M | $3.55M | $4.99M | $28.2M | $15.3M | -$15.3M |
| Retained earnings | -$6.03M | -$617K | -$2.42M | -$10.9M | -$21.6M | -$35.1M | -$35.8M | -$15.2M | -$60.9M | -$97.0M |
| Shares (wtd avg diluted) | 57.3M | 153M | 88.0M | 102M | 2.54M | 4.38M | 12.4M | 14.9M | 19.1M | 20.1M |
Every figure is extracted from SurgePays, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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