SurgePays, Inc. (SURG) AI Stock Analysis

SurgePays, Inc. operates at the intersection of financial technology and telecommunications, specializing in providing essential services to the underbanked community across the United States. The company utilizes its blockchain platform to offer financial and prepaid products through corner stores and bodegas. It provides voice and SMS text messaging services tailored to subsidized and direct retail prepaid customers, as well as low-income consumers, alongside subsidized mobile broadband services and prepaid wireless plans. In addition, SurgePays serves the legal sector by offering marketing business intelligence, plaintiff generation, and case load management solutions for law firms specializing in mass tort litigation. The company is headquartered in Bartlett, Tennessee.

Over the past five fiscal years, SurgePays saw revenue expand to $137.1M in FY2023 before falling to $60.9M in FY2024 and $57.0M in FY2025. Net income dropped from $20.6M in FY2023 to -$45.7M in FY2024 and -$36.1M in FY2025. In FY2025, gross margin stood at -18.6% and operating margin was -59.9%. Over the trailing twelve months ended June 30, 2026, revenue was $67.1M with a net profit margin of -47.9% and an operating margin of 21.3%. For the latest quarter ended June 30, 2026, quarterly revenue grew 40.7% year-over-year, while quarterly earnings growth dropped 77.7%.

As of June 30, 2026, SurgePays held $2.4M in cash and short-term investments against total debt of $17.9M, resulting in net debt of $15.5M. Total assets stood at $9.2M, and shareholders' equity was negative at -$20.7M with a current ratio of 0.19. In FY2025, operating cash flow and free cash flow both stood at -$21.3M. The company spent $18,590 on capital expenditures in FY2025, and its five-year share count increased by 67.9%.

SurgePays traded at an enterprise value of $24.0M and a market capitalization of $6.5M as of October 16, 2026. The stock trades at a price-to-sales ratio of 0.1x, below the 0.8x median of its US-listed Communication Services peers. Its forward price-to-earnings ratio is 15.2x compared to the peer median of 14.1x, and its EV-to-EBITDA multiple is 1.0x versus the peer median of 10.0x. Over the past year, the stock returned -95.5%, while the S&P 500 (SPY) returned 16.8%.

One analyst covers SurgePays, maintaining a Strong Buy rating. The mean price target is $3.75, which stands 2924.2% above the last close of $0.12. For the fiscal year ending December 31, 2026, the consensus estimate projects an EPS of -$0.44 on revenue of $64.9M. For the next fiscal year, consensus estimates forecast EPS of $0.01 on revenue of $70.1M, representing 8.0% revenue growth. SurgePays has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 11, 2026.

This page is an AI-written research summary of SurgePays, Inc. (SURG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SURG income statement, SURG balance sheet, SURG key metrics, SURG analyst forecast, SURG chart. See the SURG stock overview for the latest quote and news.