SurgePays Balance Sheet Health
Financial Health criteria checks 2/6
SurgePays has a total shareholder equity of $-6.4M and total debt of $12.0M, which brings its debt-to-equity ratio to -186.8%. Its total assets and total liabilities are $14.5M and $20.9M respectively.
Key information
-186.78%
Debt to equity ratio
US$12.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.51m |
| Equity | -US$6.42m |
| Total liabilities | US$20.92m |
| Total assets | US$14.49m |
Recent financial health updates
Is SurgePays (NASDAQ:SURG) A Risky Investment?
Apr 23
Is SurgePays (NASDAQ:SURG) A Risky Investment?
Jan 14Recent updates
Take Care Before Jumping Onto SurgePays, Inc. (NASDAQ:SURG) Even Though It's 26% Cheaper
Jan 22It's Down 28% But SurgePays, Inc. (NASDAQ:SURG) Could Be Riskier Than It Looks
Nov 14Market Might Still Lack Some Conviction On SurgePays, Inc. (NASDAQ:SURG) Even After 47% Share Price Boost
Sep 16SurgePays, Inc.'s (NASDAQ:SURG) Shares Leap 49% Yet They're Still Not Telling The Full Story
May 14
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?
Apr 23SurgePays, Inc. (NASDAQ:SURG) Stock Rockets 75% But Many Are Still Ignoring The Company
Mar 27Is SurgePays (NASDAQ:SURG) A Risky Investment?
Jan 14Investors Appear Satisfied With SurgePays, Inc.'s (NASDAQ:SURG) Prospects As Shares Rocket 25%
Nov 29SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)
Nov 01SurgePays, Inc. (NASDAQ:SURG) Held Back By Insufficient Growth Even After Shares Climb 29%
Oct 06Little Excitement Around SurgePays, Inc.'s (NASDAQ:SURG) Earnings
Jul 17The Trend Of High Returns At SurgePays (NASDAQ:SURG) Has Us Very Interested
May 21What Is SurgePays, Inc.'s (NASDAQ:SURG) Share Price Doing?
Apr 25SurgePays' (NASDAQ:SURG) Attractive Earnings Are Not All Good News For Shareholders
Mar 19Financial 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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SURG is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/16 21:42 |
| End of Day Share Price | 2026/04/16 00:00 |
| Earnings | 2025/12/31 |
| 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 |
| |
| 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 world class team 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 3 analysts. 2 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 |
| Michael Diana | Maxim Group |
| Anja Marie Soderstrom | Sidoti & Company, LLC |