SurgePays, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.0M | $60.9M | $137.1M | $121.5M | $51.1M | $54.4M | $25.7M | $15.2M |
| Cost of Revenue | $67.6M | $75.2M | $101.5M | $108.1M | $44.9M | $51.9M | $22.6M | $8.6M |
| Gross Profit | $-10.6M | $-14.3M | $35.6M | $13.5M | $6.2M | $2.5M | $3.1M | $6.7M |
| Gross Margin | -18.6% | -23.5% | 26.0% | 11.1% | 12.1% | 4.5% | 12.1% | 43.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $20.1M | $27.5M | $16.8M | $12.8M | $12.2M | $12.6M | $10.7M | $8.1M |
| Operating Income | $-34.1M | $-43.5M | $18.9M | $633.8K | $-6.0M | $-10.1M | $-7.8M | $-1.5M |
| Operating Margin | -59.9% | -71.4% | 13.8% | 0.5% | -11.7% | -18.6% | -30.2% | -10.1% |
| Interest Expense | — | — | — | $400.0K | — | — | — | — |
| Pretax Income | $-36.1M | $-43.1M | $18.4M | $-553.2K | — | $-10.7M | $-8.4M | $-1.5M |
| Income Tax Expense | — | $2.9M | $-2.3M | — | — | — | — | $82.2K |
| Net Income | $-36.1M | $-45.7M | $20.6M | $-680.8K | $-13.5M | $-10.7M | $-8.4M | $-1.5M |
| Net Margin | -63.3% | -75.1% | 15.0% | -0.6% | -26.5% | -19.7% | -32.8% | -10.1% |
| EPS (Basic) | $-1.80 | $-2.39 | $1.45 | $-0.05 | $-1.03 | $-1.67 | $-0.03 | $-0.01 |
| EPS (Diluted) | $-1.80 | $-2.39 | $1.38 | $-0.05 | $-1.03 | $-1.67 | $-0.03 | $-0.01 |
| Shares Outstanding (Basic) | 20.1M | 19.1M | 14.3M | 12.4M | 13.1M | 7.6M | 306.6M | 264.1M |
| Shares Outstanding (Diluted) | 20.1M | 19.1M | 14.9M | 12.4M | 13.1M | 7.6M | 306.6M | 264.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |