Microcap Ledger

Tickers · $SURG

SurgePays, Inc. $SURG

By Microcap Ledger desk · CIK 0001392694

Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.

Snapshot

Exchange
Nasdaq Capital Market
Sector
Telephone Communications (No Radiotelephone)
Headquarters
Bartlett, TN
Fiscal year end
December 31
Shares outstanding
52,908,423 [10-Q 2026-08-19]
as of 2026-08-19

Sources: [10-K 2026-04-15]

What the company doesAI summary of filing

SurgePays, Inc. is a wireless and point of sale technology company that serves underserved and value-conscious consumers through mobile connectivity, financial technology services, and transaction processing solutions. The company distributes its products through a network of more than 9,000 independently owned convenience stores and similar retail locations, as well as through digital channels including ProgramBenefits.com. Revenue is generated through recurring wireless services (including government-subsidized Lifeline programs and prepaid brands like LinkUp Mobile), transaction processing fees, point of sale software services, and in-store digital advertising through its Managed Marketing Services platform. The company is in an execution phase with established infrastructure, carrier relationships, and distribution, and is focused on growth through subscriber acquisition and expansion of services across its existing customer base. [10-K 2026-04-15]

Segments: MVNO Telecommunications (wireless services), MVNE Enablement Platform (platform services and point of sale), Comprehensive Platform Services (wholesale enablement), Managed Marketing Services (in-store digital advertising)

Financial health

From XBRL company facts (USD)
PeriodRevenueNet incomeOperating cash flowCashFiling
6 months to Jun 2026$32.19M−$10.76M −$7.18M$1.95M[10-Q 2026-08-19]
FY ended Dec 2025$56.96M−$36.07M −$21.29M$1.73M[10-K 2026-04-15]
FY ended Dec 2024$60.88M−$45.73M −$21.31M$11.79M[10-K 2026-04-15]
Quarterly cash burn
−$3.59M
Cash runway Estimate
~1.6 months

Estimate: cash at the end of the period (6 months to Jun 2026) divided by the average monthly operating cash outflow over that period. Ignores any cash raised or spent since, and any financing.

Capital structure and dilution

Summary only. How these instruments work: Dilution & financing desk.

Share count
DateShares outstandingFiling
2024-11-0820,161,547[10-Q 2024-11-12]
2025-03-2120,411,549[10-K 2025-03-25]
2025-05-0720,411,549[10-Q 2025-05-13]
2025-08-1320,431,549[10-Q 2025-08-13]
2025-11-1221,041,455[10-Q 2025-11-12]
2026-04-1525,121,895[10-K 2026-04-15]
2026-05-2025,121,895[10-Q 2026-05-20]
2026-08-1952,908,423[10-Q 2026-08-19]

Listing status

Current status: 2 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2026-09-29. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.

DateEventDetailsDeadlineFiling
2026-09-298-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-09-29]
2026-03-248-K Item 3.01Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing—[8-K 2026-03-24]

More on deficiency notices and uplistings: Listing status desk.

Who owns it

Recent Form 4 transactions
DateInsiderTypeSharesPriceFiling
2026-07-31Weisberg Lauriegrant315,179—[4 2026-09-16]
2026-07-31Keys David Ngrant315,179—[4 2026-09-14]
2026-07-31May David Allengrant315,179—[4 2026-09-08]
2026-06-05May David Allenbuy34,716$0.53[4 2026-06-05]
2026-06-04May David Allenbuy121$0.53[4 2026-06-05]
2026-06-03May David Allenbuy5,413$0.53[4 2026-06-05]
2026-06-01Cox Kevin Briangrant500,000—[4 2026-06-03]
2026-04-01Cox Kevin Briangrant500,000—[4 2026-04-07]
2026-03-24Cox Kevin Brianother270,745—[4 2026-04-07]
2026-03-24Cox Kevin Brianother270,745—[4 2026-04-07]
2026-03-23Cox Kevin Briangrant800,000$1.25[4 2026-04-07]
2025-12-31Evers Anthony Georgegrant200,000—[4 2026-01-05]

Catalysts and calendar

Facts as of . Small caps move fast; check the latest filings.