SURG on Nasdaq
SurgePays, Inc.
SurgePays, Inc. is an American telephone communications company based in Henderson.2
Price unavailable
Last updated Oct 20, 2026.
Overview
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- TickerSURG on Nasdaq2
- IndustryTelephone Communications (No Radiotelephone)2
- HeadquartersHenderson, United States2
- Incorporated inNV3
- Business address3124 Brother Blvd, Suite 104, Bartlett, Tn 381333
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formProfit Corporation2
- LEI549300107QZQ6Y0W4S202
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O NORTHWEST REGISTERED AGENT, LLC, 89502 Reno, United States2
- Registered withBusiness Center (Secretary of State), E0618992006-32
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This platform generates transaction-based revenue and provides real-time data that informs customer acquisition and retention strategies.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Point-of-Sale and Prepaid Services brought in 76% of the revenue SurgePays, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Point-of-Sale and Prepaid Services | $17.4M | $43.5M |
| Mobile Virtual Network Operators | $43.5M | $13.5M |
Business segments
Point-of-Sale and Prepaid Services brought in 76% of the revenue SurgePays, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Point-of-Sale and Prepaid Services | $17.4M | $43.5M |
| Mobile Virtual Network Operator | $43.5M | $13.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue77¢$67.6M
- Selling, general and admin23¢$20.1M
Out of $57.0M in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues, net | $57.0M | $60.9M |
| Cost of revenues | $67.6M | $75.2M |
| General and administrative expenses | $20.1M | $27.5M |
| Impairment loss - note receivable | $176.9K | |
| Impairment loss - CenterCom | $498.3K | |
| Impairment loss - internal use software development costs | $316.6K | |
| Impairment loss - goodwill | $3.3M | $866.8K |
| Total costs and expenses | $91.1M | $104.3M |
| Loss from operations | -$34.1M | -$43.5M |
| Interest expense (including amortization of debt discount) | -$2.0M | -$554.2K |
| Loss on lease termination - net | -$194.9K | |
| Other income | $7.1K | $636.9K |
| Interest income | $64.0K | $105.4K |
| Realized gains - investments | $13.6K | |
| Dividends, interest and other income - investments | $355.5K | |
| Gain on investment in CenterCom | $33.9K | |
| Total other income (expense) - net | -$1.9M | $396.2K |
| Net loss before provision for income taxes | -$36.1M | -$43.1M |
| Provision for income tax benefit (expense) | -$2.9M | |
| Net loss including non-controlling interest | -$36.1M | -$45.9M |
| Non-controlling interest | -$838 | -$208.6K |
| Net loss available to common stockholders | -$36.1M | -$45.7M |
| Basic | -$1.80 | -$2.39 |
| Diluted | -$1.80 | -$2.39 |
| Basic | 20.1M shares | 19.1M shares |
| Diluted | 20.1M shares | 19.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-07-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $1.7M | $11.8M | |||
| Restricted cash - line of credit reserve | $281.8K | ||||
| Restricted cash - held in escrow | $1.0M | ||||
| Accounts receivable - net | $4.0M | $3.0M | |||
| Inventory | $339.6K | $1.8M | |||
| Prepaids and other | $581.8K | $298.4K | |||
| Total Current Assets | $7.0M | $17.9M | |||
| Property and equipment - net | $403.5K | $591.1K | |||
| Note receivable | $176.9K | $176.9K | |||
| Intangibles - net | $819.2K | $1.5M | |||
| Goodwill | $3.3M | $1.7M | |||
| Operating lease - right of use asset - net | $313.4K | $564.8K | $565.6K | ||
| Total Other Assets | $1.1M | $5.5M | |||
| Total Assets | $8.5M | $24.0M | |||
| Operating lease liability | $220.0K | $248.1K | |||
| Convertible notes payable - net | $3.1M | ||||
| Total Current Liabilities | $18.2M | $6.1M | |||
| Operating lease liability | $99.2K | $319.2K | |||
| Convertible notes payable - net | $5.2M | ||||
| Total Long Term Liabilities | $5.7M | $2.7M | |||
| Total Liabilities | $23.9M | $8.7M | |||
| Common stock, $0.001 par value, 500,000,000 shares authorized 21,847,927 and 20,431,549 shares issued and 21,151,974 and 20,068,929 shares outstanding, at December 31, 2025 and December 31, 2024, respectively | $21.9K | $20.4K | |||
| Additional paid-in capital | $83.2M | $76.8M | |||
| Treasury stock - at cost (695,953 and 362,620 shares, respectively) | -$1.6M | -$632.0K | -$632.0K | ||
| Accumulated deficit | -$97.0M | -$60.9M | |||
| Stockholders equity (deficit) | -$15.3M | $15.3M | |||
| Non-controlling interest | -$55.1K | -$54.3K | |||
| Total SurgePays Inc. Stockholders Equity (Deficit) | -$15.4M | $15.3M | $28.4M | ||
| Total Liabilities and Stockholders Equity (Deficit) | $8.5M | $24.0M | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |||
| Common stock, shares issued | 21.8M shares | 20.4M shares | |||
| Common stock, shares outstanding | 21.2M shares | 20.1M shares | |||
| Treasury stock, shares | 696.0K shares | 362.6K shares | 362.6K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-07-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $1.7M | $11.8M | |||
| Restricted cash - line of credit reserve | $281.8K | ||||
| Restricted cash - held in escrow | $1.0M | ||||
| Accounts receivable - net | $4.0M | $3.0M | |||
| Inventory | $339.6K | $1.8M | |||
| Prepaids and other | $581.8K | $298.4K | |||
| Total Current Assets | $7.0M | $17.9M | |||
| Property and equipment - net | $403.5K | $591.1K | |||
| Note receivable | $176.9K | $176.9K | |||
| Intangibles - net | $819.2K | $1.5M | |||
| Goodwill | $3.3M | $1.7M | |||
| Operating lease - right of use asset - net | $313.4K | $564.8K | $565.6K | ||
| Total Other Assets | $1.1M | $5.5M | |||
| Total Assets | $8.5M | $24.0M | |||
| Operating lease liability | $220.0K | $248.1K | |||
| Convertible notes payable - net | $3.1M | ||||
| Total Current Liabilities | $18.2M | $6.1M | |||
| Operating lease liability | $99.2K | $319.2K | |||
| Convertible notes payable - net | $5.2M | ||||
| Total Long Term Liabilities | $5.7M | $2.7M | |||
| Total Liabilities | $23.9M | $8.7M | |||
| Common stock, $0.001 par value, 500,000,000 shares authorized 21,847,927 and 20,431,549 shares issued and 21,151,974 and 20,068,929 shares outstanding, at December 31, 2025 and December 31, 2024, respectively | $21.9K | $20.4K | |||
| Additional paid-in capital | $83.2M | $76.8M | |||
| Treasury stock - at cost (695,953 and 362,620 shares, respectively) | -$1.6M | -$632.0K | -$632.0K | ||
| Accumulated deficit | -$97.0M | -$60.9M | |||
| Stockholders equity (deficit) | -$15.3M | $15.3M | |||
| Non-controlling interest | -$55.1K | -$54.3K | |||
| Total SurgePays Inc. Stockholders Equity (Deficit) | -$15.4M | $15.3M | $28.4M | ||
| Total Liabilities and Stockholders Equity (Deficit) | $8.5M | $24.0M | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 500.0M shares | 500.0M shares | |||
| Common stock, shares issued | 21.8M shares | 20.4M shares | |||
| Common stock, shares outstanding | 21.2M shares | 20.1M shares | |||
| Treasury stock, shares | 696.0K shares | 362.6K shares | 362.6K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss - including non-controlling interest | -$36.1M | -$45.9M |
| Depreciation and amortization | $860.0K | $942.5K |
| Amortization of right-of-use assets | $251.4K | $127.0K |
| Amortization of debt discount/debt issue costs | $759.9K | |
| Amortization of internal use software development costs | $222.8K | |
| Impairment loss - CenterCom | $498.3K | |
| Impairment loss - internal use software development costs | $316.6K | |
| Impairment loss - note receivable | $176.9K | |
| Stock issued for services | $641.4K | $411.7K |
| Recognition of stock based compensation - related parties | $940.0K | $6.8M |
| Realized gain in sale of investments | -$13.6K | |
| Interest expense adjustment - SBA loans | $19.8K | |
| Right-of-use asset lease payment adjustment true up | -$267.3K | |
| Gain on equity method investment - CenterCom | -$33.9K | |
| Cash paid for lease termination | -$212.2K | |
| Loss on lease termination - net | $194.9K | |
| Accounts receivable | -$1.0M | $6.5M |
| Inventory | $1.4M | $7.3M |
| Prepaids and other | -$283.5K | -$136.4K |
| Deferred income taxes - net | $2.8M | |
| Accrued income taxes payable | -$570.0K | |
| Deferred revenue | -$20.0K | |
| Operating lease liability | -$248.1K | $148.7K |
| Net cash used in operating activities | -$21.3M | -$21.3M |
| Purchase of property and equipment | -$18.6K | -$518.2K |
| Purchase of investments - net | -$10.2M | |
| Proceeds from sale of investments | $10.2M | |
| Cash paid for acquisition of Clearline Mobile, Inc. | -$2.5M | |
| Net cash used in investing activities | -$18.6K | -$3.0M |
| Proceeds from stock issued for cash | $1.8M | $17.2M |
| Proceeds from exercise of common stock warrants | $8.8M | |
| Cash paid as direct offering costs - common stock | -$123.2K | -$1.4M |
| Proceeds from issuance of notes payable | $6.6M | |
| Repayments of notes payable | -$4.8M | |
| Proceeds from issuance of convertible notes payable | $8.4M | |
| Cash paid as direct offering costs - convertibles note payable | -$608.0K | |
| Repayments of loans - related party | -$824.9K | -$1.5M |
| Repayments on notes payable - SBA government | -$11.1K | -$10.9K |
| Treasury shares repurchased (share buy-backs) | -$632.0K | |
| Net cash provided by financing activities | $10.5M | $22.5M |
| Net decrease in cash, cash equivalents and restricted cash | -$10.8M | -$1.8M |
| Cash paid for interest | $245.9K | $470.2K |
| Treasury stock reacquired in connection with convertible debt financing | $1.0M | |
| Debt discount - convertible notes payable - original issue discount | $245.0K | |
| Debt discount - convertible notes payable - issuance of common stock | $271.9K | |
| Debt discount - convertible notes payable - issuance of warrants | $1.1M | |
| Debt discount - convertible notes payable - stated interest | $215.6K | |
| Debt discount - note payable - issuance of warrants | $48.4K | |
| Stock issued in settlement of accounts payable | $65.5K | |
| Reclassification of accrued interest - related party to note payable - related party | $499.0K | |
| Exercise of warrants - cashless | $41 | |
| Termination of ROU operating lease assets and liabilities | $327.1K | |
| Right-of-use asset obtained in exchange for new operating lease liability | $664.3K |
No quarter-by-quarter statement was filed.
Corporate structure
SurgePays, Inc. sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SurgePays, Inc.
- Bradley James Crosby Filed SCHEDULE 13G on SurgePays, Inc., latest Sep 8, 2025
- SurgePays, Inc. Henderson, Nevada, United States
- Central States Legal Services, Inc. Subsidiary · Missouri, United States
- DigitizeIQ, LLC Subsidiary · Illinois, United States
- ECS Prepaid, LLC Subsidiary · Missouri, United States
- Electronic Check Services, Inc. Subsidiary · Missouri, United States
- Injury Survey, LLC Subsidiary · Nevada, United States
- KSIX Media, Inc. Subsidiary · Nevada, United States
- KSIX, LLC Subsidiary · Nevada, United States
- LogicsIQ Inc. Subsidiary · Nevada, United States
- Surge Blockchain, LLC Subsidiary · Nevada, United States
- Surge Payments, LLC Subsidiary · Nevada, United States
- SurgePays Fintech, Inc. Subsidiary · Nevada, United States
- SurgePhone Wireless, LLC Subsidiary · Nevada, United States
- Torch Wireless Subsidiary · Wyoming, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SurgePays, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $668.5K6 Dec 31, 2024 | $1.0M10 Dec 31, 2023 | −33.6% |
| Property and equipment, before depreciation | $1.6M6 Dec 31, 2025 | $1.6M6 Dec 31, 2024 | +1.2% |
| Accumulated depreciation | $1.2M6 Dec 31, 2025 | $1.0M6 Dec 31, 2024 | +20.3% |
| Property and equipment, net | $403.5K6 Dec 31, 2025 | $591.1K6 Dec 31, 2024 | −31.7% |
| Operating-lease assets (leased space) | $313.4K6 Dec 31, 2025 | $564.8K6 Dec 31, 2024 | −44.5% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Area of land | 2,293 sq ft6 Oct 1, 2024 |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $3.3M6 Dec 31, 2024 | $1.7M6 Dec 31, 2023 | +98.0% |
| Intangible assets, net (excluding goodwill) | $819.2K6 Dec 31, 2025 | $1.5M6 Dec 31, 2024 | −44.4% |
| Finite-lived intangibles, gross | $5.8M6 Dec 31, 2025 | $5.8M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $4.9M6 Dec 31, 2025 | $4.3M6 Dec 31, 2024 | +15.3% |
| Finite-lived intangibles, net | $819.2K6 Dec 31, 2025 | $1.5M6 Dec 31, 2024 | −44.4% |
Inventory
Properties, in its own words
We presently occupy space at four locations: 3124 Brother Blvd., Suite 410, Bartlett, Tennessee, 38133 (this building is owned by an entity owned by Mr. Cox, our CEO and Chair – the term of the lease is on a month to month basis), which houses our corporate headquarters along with back office, inventory and marketing departments; 8745 West Higgins, Chicago, Illinois, 60361, which houses our human resources departments – the term of this arrangement is one year; 1615 S Ingram Mill, Building B, Springfield, Missouri, 65804, which houses our Comprehensive Platform Services technical operations; and 73 Av. Norte y 5 Calle Poniente, Colonia Escalon, San Salvador, SV, which house our business process operations.
See the notes to our consolidated financial statements for more detailed lease information.
Item 2 of the 10-K filed Apr 15, 2026.5
Leadership
Who has led SurgePays, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerKevin Brian Cox Oct 9, 2020 to now14
- Chief executive officerClinton W. Coldren Mar 20, 2015 to Mar 20, 201515
- Chief executive officerRoss E. Silvey Feb 12, 2009 to Feb 12, 200916
- Chief executive officerVladimir Fedyunin Apr 10, 2008 to Aug 11, 200817
- ChairKevin Brian Cox May 3, 2024 to now18
- PresidentJeremy Gies Jan 17, 2024 to Jan 17, 202419
- PresidentAnthony P. Nuzzo Jr. Oct 9, 2020 to Sep 14, 202120
- PresidentClinton W. Coldren Mar 20, 2015 to Mar 20, 201515
- PresidentRoss E. Silvey Feb 12, 2009 to Feb 12, 200916
- PresidentVladimir Fedyunin Apr 10, 2008 to Apr 10, 200817
- Chief financial officerAnthony George Evers Oct 15, 2020 to now21
- Chief financial officerClinton W. Coldren Mar 20, 2015 to Mar 20, 201515
- Chief financial officerVladimir Fedyunin Apr 10, 2008 to Apr 10, 200817
- Chief operating officerAnthony P. Nuzzo Jr. Oct 9, 2020 to Nov 2, 202020
Board members and other officers (13)
- CHIEF TECHNOLOGY OFFICERJohn Mott Feb 17, 2021 to Jun 6, 202222
- Board memberJohn Mott Jun 6, 2022 to Jun 6, 202223
- Board memberLaurie Weisberg Dec 29, 2022 to now24
- Board memberRichard Earl Schurfeld Dec 30, 2022 to now25
- Board memberAnthony P. Nuzzo Jr. Oct 9, 2020 to Sep 14, 202120
- Board memberDavid C. Ansani Oct 9, 2020 to Oct 9, 202026
- Board memberKevin Brian Cox Oct 9, 2020 to Aug 16, 202314
- Board memberDavid N. Keys Jul 26, 2019 to now27
- Board memberTed Dudley Campbell Ii. Apr 15, 2016 to May 17, 201628
- Board memberAlan G. Massara Mar 20, 2015 to Mar 20, 201529
- Board memberClinton W. Coldren Mar 20, 2015 to Mar 20, 201515
- Board memberRoss E. Silvey Feb 12, 2009 to Feb 12, 200916
- Board memberVladimir Fedyunin Apr 10, 2008 to Aug 11, 200817
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Central States Legal Services, Inc. Missouri4
- DigitizeIQ, LLC Illinois4
- ECS Prepaid, LLC Missouri4
- Electronic Check Services, Inc. Missouri4
- Injury Survey, LLC Nevada4
- KSIX Media, Inc. Nevada4
- KSIX, LLC Nevada4
- LogicsIQ Inc. Nevada4
- Surge Blockchain, LLC Nevada4
- Surge Payments, LLC Nevada4
- SurgePays Fintech, Inc. Nevada4
- SurgePhone Wireless, LLC Nevada4
- Torch Wireless Wyoming4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 15, 20268-K Regulation FD disclosure30
- Sep 30, 20268-K Financial statements and exhibits31
- Sep 29, 20268-K Listing notice or transfer32
- Sep 16, 20268-K Change of auditor33
- Sep 10, 20268-K Entered a material agreement; Completed an acquisition or sale; Other events34
- Sep 3, 20268-K Other events35
- Aug 5, 20268-K Regulation FD disclosure; Other events36
- Jul 29, 20268-K Other events37
- Jul 1, 20268-K Other events38
- Jun 22, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares39
- Jun 22, 20268-K Shareholder vote40
- May 20, 20268-K Results of operations41
- Oct 9, 2020New chief executive Kevin Brian Cox becomes CEO14
- Mar 20, 2015New chief executive Clinton W. Coldren becomes CEO15
- Feb 12, 2009New chief executive Ross E. Silvey becomes CEO16
- Apr 10, 2008New chief executive Vladimir Fedyunin becomes CEO17
- Aug 22, 2006Founded SurgePays, Inc. is founded2
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.38) a share, on Nov 12, 2025.42
When it reported results
- May 20, 2026Reported quarterly or annual results41
- Apr 16, 2026Reported quarterly or annual results43
- Nov 13, 2025Reported quarterly or annual results44
- Jul 13, 2023Reported quarterly or annual results45
- Mar 2, 2023Reported quarterly or annual results46
- Feb 1, 2022Reported quarterly or annual results47
- Jan 11, 2022Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
197 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 57 insider forms, 1 large holders, 71 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 9, 2026424B5 EDGAR
- Sep 30, 20268-K/A EDGAR
- Sep 29, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 10, 20268-K EDGAR
- Sep 8, 20264 EDGAR
- Sep 3, 20268-K EDGAR
- Aug 19, 202610-Q EDGAR
- Aug 17, 2026NT 10-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 29, 20268-K EDGAR
- Jul 1, 20268-K EDGAR
- Jun 22, 20268-K EDGAR
- Jun 22, 20268-K EDGAR
- Jun 5, 20264 EDGAR
- Jun 3, 20264 EDGAR
- May 20, 202610-Q EDGAR
The 197 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
41 open-market trades by officers, directors and large owners since October 2021: 22 buys and 19 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 5, 2026 | May David AllenDirector | Buy | 34,716 | $0.53 | $18.4K | Form 4 |
| Jun 4, 2026 | May David AllenDirector | Buy | 121 | $0.53 | $64 | Form 4 |
| Jun 3, 2026 | May David AllenDirector | Buy | 5,413 | $0.53 | $2.9K | Form 4 |
| Dec 10, 2025 | May David AllenDirector | Buy | 38,422 | $1.61 | $61.7K | Form 4 |
| Jun 6, 2025 | May David AllenDirector | Sale | 63,000 | $2.81 | $177.0K | Form 4 |
| May 16, 2025 | Cox Kevin BrianCEO & Chairman | Buy | 15,073 | $2.75 | $41.5K | Form 4 |
| Dec 3, 2024 | Cox Kevin BrianCEO & Chairman | Sale | 35,180 | $1.82 | $64.0K | Form 4 |
| Dec 2, 2024 | Evers Anthony GeorgeChief Financial Officer | Sale | 36,666 | $1.86 | $68.2K | Form 4 |
| Nov 25, 2024 | Weisberg LaurieDirector | Buy | 5,000 | $1.84 | $9.2K | Form 4 |
| Nov 22, 2024 | Weisberg LaurieDirector | Buy | 2,809 | $1.70 | $4.8K | Form 4 |
| Nov 15, 2024 | Schurfeld Richard EarlDirector | Buy | 3,500 | $1.60 | $5.6K | Form 4 |
| Nov 4, 2024 | Cox Kevin BrianCEO & Chairman | Sale | 31,700 | $1.60 | $50.7K | Form 4 |
| Nov 1, 2024 | Evers Anthony GeorgeChief Financial Officer | Sale | 36,667 | $1.60 | $58.7K | Form 4 |
| Oct 2, 2024 | Cox Kevin BrianCEO & Chairman | Sale | 32,375 | $1.75 | $56.7K | Form 4 |
| Oct 2, 2024 | Evers Anthony GeorgeChief Financial Officer | Sale | 36,667 | $1.54 | $56.5K | Form 4 |
| Sep 13, 2024 | Schurfeld Richard EarlDirector | Buy | 1,800 | $1.50 | $2.7K | Form 4 |
| Sep 11, 2024 | Schurfeld Richard EarlDirector | Sale | 22,900 | $0.01 | $229 | Form 4 |
| Sep 9, 2024 | Schurfeld Richard EarlDirector | Sale | 100 | $0.03 | $3 | Form 4 |
| Sep 4, 2024 | Evers Anthony GeorgeChief Financial Officer | Sale | 3,333 | $1.46 | $4.9K | Form 4 |
| Sep 3, 2024 | Evers Anthony GeorgeChief Financial Officer | Sale | 33,334 | $1.54 | $51.3K | Form 4 |
All 41 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bradley James CrosbySCHEDULE 13G, 1 filing Sep 8, 202549
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Kevin Brian Cox | 50 | $794.7K | $2.0M50 |
| 2025 | Anthony Evers | $503.3K | $1.8M50 | |
| 2025 | Derron Winfrey | $342.1K | $357.5K50 | |
| 2024 | CEOPresident Chairman | $839.5K | $2.8M50 | |
| 2024 | Former CFO | $488.7K | $1.9M50 | |
| 2024 | President of Sales and Operations | $159.6K | $172.7K50 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 36. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 567,358 | $204.8K | 0.0% | No change |
| Gaddis Premier Wealth Advisors LLC | 438,287 | $158.2K | 0.1% | No change |
| Millennium Capital Advisors, LLC | 210,000 | $75.8K | 0.0% | +125,000 |
| Cable Car Capital, LP | 181,667 | $65.6K | 0.0% | No change |
| Geode Capital Management, LLC | 168,647 | $60.9K | 0.0% | −55,350 |
| Vanguard Fiduciary Trust Co | 83,235 | $30.0K | 0.0% | No change |
| Citadel Advisors LLC | 83,163 | $30.0K | 0.0% | New |
| Cetera Investment Advisers | 66,000 | $23.8K | 0.0% | No change |
| State Street Corp | 61,800 | $22.3K | 0.0% | No change |
| Northern Trust Corp | 52,661 | $19.0K | 0.0% | No change |
| Renaissance Technologies LLC | 50,900 | $18.4K | 0.0% | +1,000 |
| Ethos Financial Group, LLC | 50,233 | $18.1K | 0.0% | +37,366 |
| Jane Street Group, LLC | 44,128 | $15.9K | 0.0% | New |
| James Investment Research, Inc. | 32,500 | $11.7K | 0.0% | No change |
| NewEdge Advisors, LLC | 32,500 | $11.7K | 0.0% | No change |
| BlackRock, Inc. | 29,331 | $10.6K | 0.0% | −40,923 |
| Bailard, Inc. | 27,975 | $10.1K | 0.0% | No change |
| UBS Group AG | 24,551 | $8.9K | 0.0% | −50,251 |
| Tableaux LLC | 14,635 | $5.3K | 0.0% | New |
| Group One Trading LLC | 13,572 | $4.9K | 0.0% | +13,179 |
| XTX Topco Ltd | 13,188 | $4.8K | 0.0% | New |
| Jpmorgan Chase & Co | 9,844 | $3.4K | 0.0% | New |
| SBI Securities Co., Ltd. | 6,857 | $2.5K | 0.0% | +1,034 |
| Vanguard Global Advisers, LLC | 4,107 | $1.5K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 3,296 | $1.2K | 0.0% | −284 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How SurgePays, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSurgePays, Inc.1
- CIK0001392694
- Employer ID (EIN)98-05503525
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
- Incorporated inNevada5
- Fiscal year endsDecember 311
- Industry code (SIC)4813 Telephone Communications (No Radiotelephone)1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address3124 Brother Blvd, Suite 104, Bartlett, TN 381331
- Phone901-302-95871
- Shares outstanding52,908,423 as of Aug 19, 202613
- Public float$41.8M as of Jun 30, 20255
- AuditorTAAD, LLP, Diamond Bar, California PCAOB ID 5854; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceMar 14, 20071
- Filings475 in all: 8-K (124), 4 (84), 10-Q (56), UPLOAD (28), 144 (24), CORRESP (24), 10-K (18), 3 (13)1
All 44 form types
NT 10-Q (11), 8-K/A (8), 424B5 (7), 10-Q/A (6), DEF 14A (6), NT 10-K (6), PRE 14C (6), S-1/A (6), DEF 14C (5), 10QSB (4), S-8 (4), 10-K/A (3), EFFECT (3), S-3/A (3), 10QSB/A (2), DEFA14A (2), S-3 (2), SC 13D (2), 25-NSE (1), 424B1 (1), 424B4 (1), 5 (1), 8-A12B (1), 8-A12G (1), CERT (1), D (1), DEL AM (1), NTN 10K (1), NTN 10Q (1), PRE 14A (1), RW (1), S-1 (1), S-1MEF (1), SB-2 (1), SC 13G (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 19, 2026
Proxy statement (DEF 14A) May 7, 2026
Latest 8-K (8-K) Oct 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock | SURG | Nasdaq |
From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks SurgePays, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 23 risks under these headings, as written.5
- Risks Related to Government Regulation and Legal Proceedings
- The United States Government’s dissolution of the Affordable Connectivity Program (“ACP”) has had a substantial adverse effect on our business operations and profitability.
- Changes in the regulatory framework under which we operate could adversely affect our business prospects or results of operations.
- New laws or regulations or changes to the existing regulatory framework at the federal, state and local level, such as those described below, could restrict the ways in which we manage our wireline and wireless networks and operate our business, impose additional costs, impair revenue opportunities and potentially impede our ability to provide services in a manner that would be attractive to us and our customers.
- We could be impacted by unfavorable results of legal proceedings, and may, from time to time, be involved in future litigation in which substantial monetary damages are sought.
- Risks Related to Our Business, Industry and Operations
- Low demand for our products and services, and the inability to develop and introduce new products and services at favorable margins, could adversely impact our performance and prospects for future growth.
- If we are not able to adapt to changes and disruptions in technology and address changing consumer demand on a timely basis, we may experience a decline in the demand for our services, be unable to implement our business strategy and experience reduced profits.
- We have, and may continue to expand through investments in, acquisitions of, or the development of new products with assistance from, other companies, any of which may not be successful and may divert our management’s attention.
- We have undertaken in the past, and may in the future undertake, strategic acquisitions. Failure to integrate acquisitions could adversely affect our value.
- Our business could be adversely affected if we fail to implement and maintain effective disclosure controls and procedures and internal control over financial reporting.
- Our success is substantially dependent on the continued service of our senior management.
The other 13 risks
- We offer competitive compensation packages in order to retain the services of our senior management, and we could be required to pay significant compensation payments in the case we are unable to retain our senior management.
- We may not have sufficient resources to effectively introduce and market our services and products, which could materially harm our operating results.
- We operate in a highly competitive industry.
- We may require additional financing to sustain or grow our operations. Raising additional capital may cause dilution to our existing stockholders and investors, or restrict our operations.
- Risks Related to Our Securities
- Our CEO and Chair, Kevin Brian Cox, has significant control over shareholder matters and the minority shareholders will have little or no control over our affairs.
- Sales of a significant number of shares of our common stock in the public market or the perception of such possible sales, could depress the market price of our common stock.
- Our share price has been volatile and our trading volume may fluctuate substantially.
- A decline in the price of our shares of common stock could affect our ability to raise further working capital and adversely impact our ability to continue operations.
- We currently do not intend to pay dividends on our common stock. As result, your only opportunity to achieve a return on your investment is if the price of our common stock appreciates.
- We could issue additional common stock, which could dilute the book value of our common stock.
- Future issuances of our common stock, preferred stock, convertible promissory notes, options and warrants could dilute the interests of existing stockholders.
- Sales of a significant number of shares of our common stock in the public markets, or the perception that such sales could occur, could depress the market price of our common stock.
- We are not currently in compliance with Nasdaq’s minimum market value of listed securities and minimum bid price listing requirements; if we are not able to regain compliance with those requirements within the time periods permitted by Nasdaq, our common stock may be delisted, which would likely impair our ability to raise capital and could constitute an event of default under our outstanding promissory notes.
Legal proceedings
From time to time, we may be engaged in various lawsuits and legal proceedings in the ordinary course of our business. Except as described below, we are currently not aware of any legal proceedings, the ultimate outcome of which, in our judgment based on information currently available, would have a material adverse effect on our business, financial condition or results of operations.
As of the date hereof, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on our results of operations except as set forth below:
In the Circuit Court of Tennessee for the 30th Judicial District at Memphis, Docket # CT-3219-23. On August 8, 2023, a complaint was filed by SurgePays for breach of a promissory note by Blue Skies Connections, LLC. The note at issue is dated June 14, 2021, and requires Blue Skies Connections to repay the principal sum of $176,850.56, by monthly payments of $7,461.37 commencing on June 1, 2023. Blue Skies Connections has failed to make any payments due under the terms of the note, and this breach entitles SurgePays to demand payment of the entire amount of the note together with all accrued interest. Blue Skies Connections responded by filing a Motion to Dismiss or, in the alternative, a Motion to Stay, taking the position that, under the prior suit pending doctrine, the subject promissory note is subject to the prior litigation instituted by Blue Skies Connections against SurgePays, styled Skies Connections, LLC and True Wireless, Inc. v. SurgePays, Inc., et al., Case No. CJ-2021-5327, District Court of Oklahoma County, Oklahoma. SurgePays elected to dismiss its complaint without prejudice and is in the process of evaluating re-filing the matter in the District Court of Oklahoma County, Oklahoma.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSurgePays, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARSurgePays, Inc. filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARSurgePays, Inc. 10-K for fiscal 2025
- 7SEC EDGARSurgePays, Inc. 10-K for fiscal 2019
- 8SEC EDGARSurgePays, Inc. 10-K for fiscal 2020
- 9SEC EDGARSurgePays, Inc. 10-K for fiscal 2021
- 10SEC EDGARSurgePays, Inc. 10-K for fiscal 2022
- 11SEC EDGARSurgePays, Inc. 10-K for fiscal 2023
- 12SEC EDGARSurgePays, Inc. 10-Q for fiscal 2026
- 13SEC EDGARSurgePays, Inc. 10-Q for fiscal 2026
- 14
- 15
- 16
- 17
- 18SEC EDGARKevin Brian Cox, Chair
- 19SEC EDGARJeremy Gies, President
- 20SEC EDGARAnthony P. Nuzzo Jr., President
- 21
- 22SEC EDGARJohn Mott, CHIEF TECHNOLOGY OFFICER
- 23SEC EDGARJohn Mott, Board member
- 24SEC EDGARLaurie Weisberg, Board member
- 25SEC EDGARRichard Earl Schurfeld, Board member
- 26SEC EDGARDavid C. Ansani, Board member
- 27SEC EDGARDavid N. Keys, Board member
- 28
- 29SEC EDGARAlan G. Massara, Board member
- 30SEC EDGARRegulation FD disclosure
- 31SEC EDGARFinancial statements and exhibits
- 32SEC EDGARListing notice or transfer
- 33SEC EDGARChange of auditor
- 34
- 35SEC EDGAROther events
- 36
- 37SEC EDGAROther events
- 38SEC EDGAROther events
- 39
- 40SEC EDGARShareholder vote
- 41SEC EDGARResults of operations
- 42NasdaqNasdaq calendar
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50