SurgePays, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Apr 15, 2026
SURG$0.15-7.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues, net | $56,962,920 | $60,881,173 |
| Costs and expenses | ||
| Cost of revenues | 67,551,811 | 75,205,372 |
| General and administrative expenses | 20,071,121 | 27,458,152 |
| Impairment loss - note receivable | 176,851 | - |
| Impairment loss - CenterCom | - | 498,273 |
| Impairment loss - internal use software development costs | - | 316,594 |
| Impairment loss - goodwill | 3,300,000 | 866,782 |
| Total costs and expenses | 91,099,783 | 104,345,173 |
| Loss from operations | (34,136,863) | (43,464,000) |
| Other income (expense) | ||
| Interest expense (including amortization of debt discount) | (2,003,935) | (554,200) |
| Loss on lease termination - net | - | (194,863) |
| Other income | 7,140 | 636,868 |
| Interest income | 63,950 | 105,395 |
| Realized gains - investments | - | 13,613 |
| Dividends, interest and other income - investments | - | 355,549 |
| Gain on investment in CenterCom | - | 33,864 |
| Total other income (expense) - net | (1,932,845) | 396,226 |
| Net loss before provision for income taxes | (36,069,708) | (43,067,774) |
| Provision for income tax benefit (expense) | - | (2,870,000) |
| Net loss including non-controlling interest | (36,069,708) | (45,937,774) |
| Non-controlling interest | (838) | (208,550) |
| Net loss available to common stockholders | $(36,068,870) | $(45,729,224) |
| Loss per share - attributable to common stockholders | ||
| Basic | $(1.80) | $(2.39) |
| Diluted | $(1.80) | $(2.39) |
| Weighted average number of shares outstanding - attributable to common stockholders | ||
| Basic | 20,085,138 | 19,119,181 |
| Diluted | 20,085,138 | 19,119,181 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.