8-K ·Filed Apr 16, 2026
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish
Monitor cash burn and revenue trends in upcoming quarters to assess if the company can achieve its 2026 revenue guidance of $225 million with its current cash position.
Final — all horizons settled through T+60d
SURG ▼ -48.04% at T+60d
SHORT call ✓ call won +48.04% · α vs SPY +54.18% · entry $0.6620 → $0.3440
T+1d
+10.27%
call -10.27% · α -10.46%
$0.7300
settled 6mo ago
T+5d
-17.22%
call +17.22% · α +17.78%
$0.5480
settled 5mo ago
T+20d
-13.60%
call +13.60% · α +18.97%
$0.5720
settled 5mo ago
T+60d
-48.04%
call +48.04% · α +54.18%
$0.3440
settled 3mo ago
Price Chart
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Executive Summary
SurgePays reported full-year 2025 revenue of $57.0 million, down from $60.9 million in 2024, with a significant net loss of $36.1 million. The company highlighted improved cost structure and reduced cash burn for 2026, but revenue declined from Q3 2025's $18.7 million peak.
Key Financial Metrics
EPS
$-1.80
est $-0.04 · -4400.0%
Revenue
$57.0M
est $26.3M · +116.6% · -6.4% YoY
Rating
strong miss
Guidance
$225 million
maintained
Free Cash Flow
-$21.3M
Gross Margin
-11.8%
Key Facts
- Full-year 2025 revenue was $57.0 million, down from $60.9 million in 2024
- Net loss for 2025 was $36.1 million
- Q4 2025 revenue declined to $16.2 million from $18.7 million in Q3
- Cash balance decreased to $1.7 million from $11.8 million
- Company reiterated $225 million revenue guidance for 2026
Financial Impact
Revenue decreased by $3.9 million year-over-year with significant net losses
revenuenet losscash balance
Risk Factors
- Continued cash burn could lead to liquidity issues
- Failure to achieve 2026 revenue guidance could impact stock price
Market Snapshot
Exchange
Nasdaq
Sector
Telephone Communications (No Radiotelephone)
Investment Themes
Media & Telecom
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-017083 |
| Exhibit: ex99-2.htm | 0001493152-26-017083 |
| Document: form8-k.htm | 0001493152-26-017083 |
| Document: 0001493152-26-017083-index-headers.html | 0001493152-26-017083 |
| Document: 0001493152-26-017083-index.html | 0001493152-26-017083 |
| Document: 0001493152-26-017083.txt | 0001493152-26-017083 |
| 8-K Data (Synthetic) | 0001493152-26-017083 |
9 reports for SURG
75% Hit rate best @ T+60▲ +60.04%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | 8-K | $0.1650 $0.1466 | ▼ −11.15% | ▼ −9.96% | $0.1470 (−10.91%) |
Aug 14, 2026 7w ago | Press Release | $0.2820 $0.1601 | ▼ −43.23% | ▼ −41.24% | $0.1470 (−47.87%) |
Jul 29, 2026 9w ago | Press Release | $0.2350 $0.1742 | ▼ −25.87% | ▼ −30.89% | $0.1470 (−37.45%) |
Jul 29, 2026 9w ago | 8-K | $0.2350 $0.1742 | ▼ −25.87% | ▼ −30.89% | $0.1470 (−37.45%) |
Jun 5, 2026 17w ago | Press Release | $0.4700 $0.4612 | ▼ −1.87% | ▼ −3.73% | $0.1470 (−68.72%) |
May 20, 2026 19w ago | 8-K | $0.5000 $0.4204 | ▲ +15.92% | ▲ +16.66% | $0.1470 (+70.60%) |
May 11, 2026 20w ago | Press Release | $0.5590 $0.5000 | ▲ +10.55% | ▲ +10.25% | $0.1470 (+73.70%) |
Apr 16, 2026 24w ago | 8-K | $0.6620 $0.5720 | ▲ +13.60% | ▲ +18.97% | $0.1470 (+77.79%) |
Apr 14, 2026 24w ago | Press Release | $0.5500 $0.5440 | ▲ +1.09% | ▲ +7.13% | $0.1470 (+73.27%) |
Showing 9 of 9
US Market Status
Market Closed — Opens Mon (35h 32m)
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