SurgePays Inc. Common Stock (SURG)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look first for a durable business bought at a sensible price, and SurgePays does not fit that mold today. It sells wireless service and fintech tools through convenience stores and consumer brands. The story is volatile: in fiscal 2023, the company reported revenue of $137.1M and net income of $20.6M, or diluted EPS of $1.38. By fiscal 2024, revenue fell to $60.9M and net income turned to a loss of $45.7M, or diluted EPS of -$2.39. Fiscal 2025 was also weak: revenue of $57.0M and a net loss of $36.1M, or diluted EPS of -$1.80. The latest quarter offers a flicker: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $16.2M and net income was $1.3M, or diluted EPS $0.05. But fiscal Q1 2026 still showed a $12.1M net loss, or diluted EPS -$0.51. Cash generation is the bigger problem: trailing free cash flow was -$15.4M, and FairStock's FCF yield was -227.3% at the 2026-10-13 close. FairStock also calculates an Altman Z-score of -18.97 and a Piotroski F-score of 4/9, signs of significant financial stress. At $0.13, the market cap is only $6.8M, and the negative P/E of -0.09 reflects losses, not value. A moat is hard to identify in prepaid telecom and fintech distribution. This is a speculative turnaround, not a Graham bargain.

In plain English: SurgePays sells phone service and payment tools through stores and to consumers. It made a small profit in its latest quarter, but it has lost a lot of money in recent full years and is burning cash. At 13 cents, the stock looks very cheap compared with sales, but the weak finances make it a very risky situation rather than a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer