SurgePays, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-36.1M | $-45.7M | $20.6M | $-680.8K | $-13.5M | $-10.7M | $-8.4M | $-1.5M |
| Depreciation & Amortization | $206.2K | $942.5K | $935.0K | $933.4K | $759.4K | $1.2M | $227.3K | $149.6K |
| Depreciation | — | — | $281.5K | $279.9K | $67.1K | $64.4K | $27.3K | $113.0K |
| Amortization | $653.8K | $653.5K | $653.5K | $653.5K | $692.3K | $1.1M | $200.0K | — |
| Stock-Based Compensation | $1.7M | $1.6M | $613.8K | $37.2K | $3.6K | $183.0K | $329.6K | $157.9K |
| Net Cash from Operating Activities | $-21.3M | $-21.3M | $10.3M | $793.3K | $-15.3M | $-4.3M | $-6.5M | $-1.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.6K | $518.2K | — | $11.4K | $51.4K | $6.6K | $227.6K | $331.8K |
| Business Acquisitions | — | $2.5M | — | $800.0K | — | — | — | — |
| Net Cash from Investing Activities | $-18.6K | $-3.0M | $-281.3K | $-1.5M | $-376.7K | $8.4K | $-32.2K | $-278.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | $500.0K | — | — |
| Net Cash from Financing Activities | $10.5M | $22.5M | $-2.4M | $1.5M | $21.3M | $4.6M | $6.5M | $464.1K |
| Net Change in Cash | $-10.8M | $-1.8M | $7.6M | $752.2K | $5.6M | $328.0K | $-98.6K | $-829.5K |
| Free Cash Flow | $-21.3M | $-21.8M | — | $781.9K | $-15.3M | $-4.3M | $-6.8M | $-1.3M |