Filing Flows › SurgePays (SURG) › Q4 2024
SurgePays (SURG) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 25, 2025
SurgePays (SURG) reported revenue of $9.6M for the fourth quarter 2024 (Q4 2024), -70% from a year earlier and +101% from the quarter before. Operating margin was -209.0%, net loss $20.0M (208.3% of revenue).
SurgePays, Q4 2024: revenue $9.6M (-70% year over year), operating margin -209.0%, net loss $20.0M, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6M | +101% | -70% |
| Operating profit | −$20.1M | — | — |
| Net earnings | −$20.0M | — | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $9.6M in Q4 2024, down 70% year over year and up 101% from the previous quarter. Comprehensive Platform Services was the largest line at 79% of revenue.
Operating costs exceeded revenue by $20.1M, an operating margin of -209.0%. Total costs fell 6% while revenue fell 70%. The quarter ended with a net loss of $20.0M, wider than the previous quarter's $14.3M loss. Minority interests bore $173K of it: to shareholders the quarter was a loss of $19.8M.
Operating cash flow was −$7.9M. Non-cash charges added back $81K of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $8.9M.
Questions
What was SurgePays' revenue in the fourth quarter 2024?
SurgePays (SURG) reported revenue of $9.6M for the fourth quarter 2024 (Q4 2024), -70% from a year earlier and +101% from the quarter before.
Was SurgePays profitable in the fourth quarter 2024?
Operating loss was $20.1M (-209.0% of revenue) and net loss $20.0M.
Source: SurgePays 10-K on SEC EDGAR.