SurgePays, Inc.
SURG · Telephone Communications (No Radiotelephone) · 25.1M shares · +24%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$1M (gross $500K, SBC $2M)
Reference price $0.53 · est. market cap ~$13M — last insider purchase, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F38gen composite 26pct→55; out of cash (runway <1q); net + operating loss; negative equity (distress); weak liquidity, no op profit
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
-18.6%
Operating margin
-59.9%
Net margin
-63.3%
Return on equity
235.0%
Return on assets
-423.6%
ROIC
-209.2%
Revenue growth (QoQ)
51.1%
Debt / equity
-1.8×
Current ratio
0.4×
Free cash flow
-$21M
EBITDA
-$34M
Tangible book value
-$16M
Cash & investments
$2M
Cash runway
0q
Stock comp / revenue
3.0%
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | May David Allen | Buy | 35K | $0.53 |
| 2026-06-04 | May David Allen | Buy | 121 | $0.53 |
| 2026-06-03 | May David Allen | Buy | 5.4K | $0.53 |
| 2026-06-01 | Cox Kevin Brian | Grant | 500K | — |
| 2026-04-01 | Cox Kevin Brian | Grant | 500K | — |
| 2026-03-24 | Cox Kevin Brian | Gift | 271K | — |
| 2026-03-24 | Cox Kevin Brian | Gift | 271K | — |
| 2026-03-23 | Cox Kevin Brian | Grant | 800K | $1.25 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-07-01 | Other | filing ↗ |
| 2026-06-22 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
| 2026-06-22 | Shareholder voteExhibits | filing ↗ |
| 2026-05-20 | ResultsExhibits | filing ↗ |
| 2026-04-16 | ResultsExhibits | filing ↗ |
| 2026-03-24 | Delisting notice3.02 | filing ↗ |
| 2026-02-09 | Reg FD | filing ↗ |
| 2026-01-22 | Material agreement3.02OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-07-01 | 2026-06-29 | 0001493152-26-031540 ↗ |
| 8-K | 2026-06-22 | 2026-06-16 | 0001493152-26-029648 ↗ |
| 8-K | 2026-06-22 | 2026-06-16 | 0001493152-26-029647 ↗ |
| 10-Q | 2026-05-20 | 2026-03-31 | 0001493152-26-024591 ↗ |
| 8-K | 2026-05-20 | 2026-05-15 | 0001493152-26-024589 ↗ |
| DEF 14A | 2026-05-07 | 2026-05-07 | 0001493152-26-021739 ↗ |
| 8-K | 2026-04-16 | 2026-04-14 | 0001493152-26-017083 ↗ |
| 10-K | 2026-04-15 | 2025-12-31 | 0001493152-26-016889 ↗ |
| 8-K | 2026-03-24 | 2026-03-18 | 0001493152-26-012370 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001493152-26-005701 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001493152-26-003208 ↗ |
| 8-K | 2026-01-14 | 2026-01-14 | 0001493152-26-002257 ↗ |