SurgePays Balance Sheet Health
Financial Health criteria checks 0/6
SurgePays has a total shareholder equity of $-20.7M and total debt of $17.7M, which brings its debt-to-equity ratio to -85.3%. Its total assets and total liabilities are $9.2M and $30.0M respectively.
Key information
-85.25%
Debt to equity ratio
US$17.69m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.95m |
| Equity | -US$20.75m |
| Total liabilities | US$29.99m |
| Total assets | US$9.24m |
Recent financial health updates
Is SurgePays (NASDAQ:SURG) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Is SurgePays (NASDAQ:SURG) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Recent updates
SURG: Going Concern Risk Will Contrast With Anticipated Profit Margin Support
Narrative Update on SurgePays Analysts reduced their price target on SurgePays by $1.50, with the lower fair value and P/E assumptions reflecting revised expectations for revenue and profit margins after the latest research update. What’s in the News On March 18, 2026, Nasdaq notified SurgePays that it no longer meets the minimum US$35,000,000 market value of listed securities requirement and, on March 23, 2026, that its share price is below the US$1.00 minimum bid price.SURG: Higher Profit Margin Outlook Will Support Upside Despite Listing Risks
SurgePays' analyst price target has been revised down by $4.75, with analysts pointing to updated assumptions for the discount rate, revenue growth, profit margin and future P/E as key drivers of the change. Analyst Commentary Analysts updating their models after the revised price target are focusing on how new assumptions for discount rate, revenue growth, profit margin and future P/E feed into SurgePays' risk and return profile.SURG: Higher Future P/E Will Support Upside Despite Margin And Listing Risks
Analysts have trimmed their price target on SurgePays by $4.75, citing updated assumptions on profit margins and future P/E levels, even as fair value, discount rate, and revenue growth inputs remain broadly consistent. Analyst Commentary Bullish Takeaways Bullish analysts view the updated price target trim as mainly reflecting refreshed assumptions on profit margins and P/E levels, rather than a shift in views on the company’s core business or revenue potential.SURG: Premium Future P/E Will Support Upside Despite Lower Margin Assumptions
Analysts lowered their price target on SurgePays by $4.75 to $5.00, reflecting updated assumptions for slower revenue growth, a lower profit margin of 3.16% and a higher future P/E of about 43.53x. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential relative to the revised US$5.00 price target, given the higher assumed P/E of about 43.53x.Take Care Before Jumping Onto SurgePays, Inc. (NASDAQ:SURG) Even Though It's 26% Cheaper
To the annoyance of some shareholders, SurgePays, Inc. ( NASDAQ:SURG ) shares are down a considerable 26% in the last...It's Down 28% But SurgePays, Inc. (NASDAQ:SURG) Could Be Riskier Than It Looks
SurgePays, Inc. ( NASDAQ:SURG ) shareholders won't be pleased to see that the share price has had a very rough month...Market Might Still Lack Some Conviction On SurgePays, Inc. (NASDAQ:SURG) Even After 47% Share Price Boost
SurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...SurgePays, Inc.'s (NASDAQ:SURG) Shares Leap 49% Yet They're Still Not Telling The Full Story
SurgePays, Inc. ( NASDAQ:SURG ) shares have continued their recent momentum with a 49% gain in the last month alone...
MVNE And LinkUp Mobile Expansion Will Drive Sustainable Cash Flow
Transitioning to an MVNE model and agreements with major networks are set to boost cash flow and profitability.Is SurgePays (NASDAQ:SURG) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...SurgePays, Inc. (NASDAQ:SURG) Stock Rockets 75% But Many Are Still Ignoring The Company
SurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...Is SurgePays (NASDAQ:SURG) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Investors Appear Satisfied With SurgePays, Inc.'s (NASDAQ:SURG) Prospects As Shares Rocket 25%
SurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)
Summary Q2 2024 sales fell sharply to $15.1 million from $35.9 million, primarily due to ACP funding cuts. Gross profit dropped to a -$3.4 million loss in Q2 from a $10 million profit in Q2 2023. Transition to non-subsidized LinkUp Mobile raised costs to retain 280K subscribers, straining cash reserves and profit margins. SG&A expenses surged 101% year-over-year in Q2, driven by stock compensation and consulting fees, worsening cash flow. The announced $5 million stock buyback (~16.5% of market cap) signals management’s confidence, despite ongoing financial challenges. Read the full article on Seeking AlphaSurgePays, Inc. (NASDAQ:SURG) Held Back By Insufficient Growth Even After Shares Climb 29%
Those holding SurgePays, Inc. ( NASDAQ:SURG ) shares would be relieved that the share price has rebounded 29% in the...Little Excitement Around SurgePays, Inc.'s (NASDAQ:SURG) Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...The Trend Of High Returns At SurgePays (NASDAQ:SURG) Has Us Very Interested
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Financial Position Analysis
Short Term Liabilities: SURG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SURG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SURG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SURG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SURG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SURG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.5% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 04:29 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SurgePays, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Woo | Ascendiant Capital Markets LLC |
| Anja Marie Soderstrom | Sidoti & Company, LLC |