Filing Flows

Filing Flows › Companies › SurgePays › Cash flow

SurgePays cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$2.6M in Q2 2026 · −$15.4M over twelve months

Operating cash flow−$2.6M
Free cash flow−$2.6M
Cash / net income-2.0×

Analysis

In Q2 2026, SurgePays generated −$2.6M of operating cash flow. That is $3.5M more than in Q2 2025 (−$6.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$15.4M; the largest uses were operating cash flow ($15.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($7.5M), other financing ($5.8M); the cash balance fell by $2.0M.

Operating cash flow was −$2.6M against net income of $1.3M — -2.0× profit, less cash than reported earnings, worth checking against working capital. The largest differences: receivables −$400K, depreciation & amortization +$27K, prepaid and other assets +$14K.

Free cash flow

SurgePays: free cash flow by quarterSurgePays: free cash flow by quarter−$13.3MQ3 2024−$7.9MQ4 2024−$7.0MQ1 2025−$6.1MQ2 2025−$4.6MQ3 2025−$3.6MQ4 2025−$4.6MQ1 2026−$2.6MQ2 2026
Operating cash flow less capital spending.
SurgePays: operating cash flow against capital spendingSurgePays: operating cash flow against capital spendingOperating cash flowCapital spending−$13.3M$0Q3 2024−$7.9M$0Q4 2024−$7.0M$0Q1 2025−$6.1M$0Q2 2025−$4.6M$0Q3 2025−$3.6M$0Q4 2025−$4.6M$0Q1 2026−$2.6M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$2.6M, Capital spending $0.

Capital allocation, year by year

SurgePays: where the cash came from (up) and went (down), by fiscal yearSurgePays: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY2021: Operating cash flow −$15.3MFY2021: Net borrowing $77KFY2021: Shares issued $21.3MFY2021: Capital spending −$51K$21.4MFY2021FY2022: Operating cash flow $793KFY2022: Net borrowing $1.5MFY2022: Shares issued $473FY2022: Capital spending −$11KFY2022: Acquisitions −$800K$2.3MFY2022FY2023: Operating cash flow $10.3MFY2023: Net borrowing −$1.6M$10.3MFY2023FY2024: Operating cash flow −$21.3MFY2024: Net borrowing −$11KFY2024: Shares issued $17.2MFY2024: Capital spending −$518KFY2024: Acquisitions −$2.5M$17.2MFY2024FY2025: Operating cash flow −$21.3MFY2025: Net borrowing $7.8MFY2025: Shares issued $1.8MFY2025: Capital spending −$19K$9.6MFY2025
Over these 5 years operating cash flow totalled −$46.8M; the largest uses were operating cash flow ($57.9M) and acquisitions ($3.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$2.0M
Debt$17.7M
Net debt$15.7M
Due within a year$5.5M
Cash runway2 months

SurgePays is burning cash: its operations consume cash, a free cash flow of −$15.4M a year at the current rate against $2.0M of cash and investments: a runway of about 2 months; $5.5M of debt also comes due within a year, which would need refinancing or new money before any new financing.

SurgePays: debt maturities by year (FY2025)SurgePays: debt maturities by year (FY2025)$5.5MYear 1$12KYear 2$13KYear 3$13KYear 4$13KYear 5$397KAfter year 5
Principal due in each year as disclosed in the annual report, against $2.0M of cash and investments now.

Where the cash came from and went

SurgePays: sources (+) and uses (−) of cash, Q2 2026SurgePays: sources (+) and uses (−) of cash, Q2 2026Net borrowing (+) / repaid (−)$2.8MOperating cash flow−$2.6MOther financing−$252KCash drawn (+) / kept (−)$37K
SurgePays: sources (+) and uses (−) of cash, TTM to Q2 2026SurgePays: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$15.4MNet borrowing (+) / repaid (−)$7.5MOther financing$5.8MCash drawn (+) / kept (−)$2.0M

From profit to cash

SurgePays: net income to operating cash flow, Q2 2026SurgePays: net income to operating cash flow, Q2 2026Net income$1.3MDepreciation & amortization$27KReceivables−$400KPrepaid and other assets$14KOperating cash flow−$2.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$2.6M$2.8M—$37K−$2.6M
Q1 2026−$4.6M$2.2M$2.5M−$403K−$4.6M
Q4 2025−$3.6M$1.8M$1.1M$502K−$3.6M
Q3 2025−$4.6M$697K—$1.9M−$4.6M
Q2 2025−$6.1M−$3K—$993K−$6.1M
Q1 2025−$7.0M−$3K—$7.4M−$7.0M
Q4 2024−$7.9M−$3K—$861K−$7.9M
Q3 2024−$13.3M−$3K—$24.8M−$13.3M

SurgePays: income statement and cash flow

SurgePays, Q2 2026: revenue $16.2M (+41% year over year), operating margin 21.3%. The chart follows the revenue to costs, profit and cash.

SurgePays: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.