Surgepays Inc (SURG) - Net Assets

Latest as of September 2025: $-6.42 Million USD

Based on the latest financial reports, Surgepays Inc (SURG) has net assets worth $-6.42 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.49 Million) and total liabilities ($20.92 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SURG financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$-6.42 Million
% of Total Assets	-44.32%
Annual Growth Rate	35.71%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	284.22

Surgepays Inc - Net Assets Trend (2006–2024)

This chart illustrates how Surgepays Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Surgepays Inc's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Surgepays Inc (2006–2024)

The table below shows the annual net assets of Surgepays Inc from 2006 to 2024. For live valuation and market cap data, see Surgepays Inc (SURG) total market value.

Year	Net Assets	Change
2024-12-31	$15.26 Million	-46.27%
2023-12-31	$28.40 Million	+454.94%
2022-12-31	$5.12 Million	+44.12%
2021-12-31	$3.55 Million	+133.11%
2020-12-31	$-10.73 Million	-128.23%
2019-12-31	$-4.70 Million	-136.37%
2018-12-31	$-1.99 Million	-427.52%
2017-12-31	$607.05K	+133.45%
2016-12-31	$-1.82 Million	-199.14%
2015-12-31	$-606.75K	-659.25%
2014-12-31	$-79.91K	+90.38%
2013-12-31	$-831.00K	-8.10%
2012-12-31	$-768.72K	-578.68%
2010-12-31	$-113.27K	+25.81%
2009-12-31	$-152.67K	-3512.59%
2007-12-31	$-4.23K	-106.76%
2006-12-31	$62.55K	--

Equity Component Analysis

This analysis shows how different components contribute to Surgepays Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 6089497400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	$20.43K	0.13%
Other Components	$76.21 Million	497.59%
Total Equity	$15.32 Million	100.00%

Surgepays Inc Competitors by Market Cap

The table below lists competitors of Surgepays Inc ranked by their market capitalization.

Company	Market Cap
LZ Technology Holdings Limited Class B Ordinary Shares NASDAQ:LZMH	$13.86 Million
Temple Bar Investment Trust LSE:TMPL	$13.87 Million
CSH Alliance Bhd KLSE:7165	$13.87 Million
Oxford Nanopore Technologies Ltd LSE:ONT	$13.88 Million
Nusa Palapa Gemilang PT Tbk JK:NPGF	$13.86 Million
Scienture Holdings, Inc. NASDAQ:SCNX	$13.86 Million
Yorkton Equity Group Inc V:YEG	$13.85 Million
TS Corp Preference Shares KO:001795	$13.85 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Surgepays Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 28,249,220 to 15,315,919, a change of -12,933,301 (-45.8%).
Net loss of 45,729,224 reduced equity.
Share repurchases of 631,967 reduced equity.
New share issuances of 17,249,994 increased equity.
Other factors increased equity by 16,177,896.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	$-45.73 Million	-298.57%
Share Repurchases	$631.97K	-4.13%
Share Issuances	$17.25 Million	+112.63%
Other Changes	$16.18 Million	+105.63%
Total Change	$-	-45.78%

Book Value vs Market Value Analysis

This analysis compares Surgepays Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.71x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.00x to 0.71x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	$220.24	$0.57	x
2007-12-31	$-22.24	$0.57	x
2009-12-31	$-12.71	$0.57	x
2010-12-31	$-6.83	$0.57	x
2012-12-31	$-41.01	$0.57	x
2013-12-31	$-44.34	$0.57	x
2014-12-31	$-4.26	$0.57	x
2015-12-31	$-0.91	$0.57	x
2017-12-31	$0.40	$0.57	x
2018-12-31	$-1.22	$0.57	x
2019-12-31	$-2.44	$0.57	x
2020-12-31	$-5.03	$0.57	x
2021-12-31	$0.81	$0.57	x
2022-12-31	$0.40	$0.57	x
2023-12-31	$1.89	$0.57	x
2024-12-31	$0.80	$0.57	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Surgepays Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -298.57%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -75.11%
• Asset Turnover: 2.54x
• Equity Multiplier: 1.57x
Recent ROE (-298.57%) is below the historical average (-57.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	-32.70%	0.00%	0.00x	1.20x	$-26.71K
2007	0.00%	0.00%	0.00x	0.00x	$-72.35K
2009	0.00%	-12180.55%	0.03x	0.00x	$-1.08 Million
2010	0.00%	-9477.19%	0.42x	0.00x	$-451.07K
2012	0.00%	-31301.29%	0.73x	0.00x	$-578.58K
2013	0.00%	-4292.76%	0.52x	0.00x	$20.81K
2014	0.00%	1.25%	8.36x	0.00x	$41.29K
2015	0.00%	-47.16%	1.08x	0.00x	$-1.28 Million
2016	0.00%	-139.54%	1.40x	0.00x	$-4.42 Million
2017	-326.21%	-138.49%	0.45x	5.18x	$-2.04 Million
2018	0.00%	-10.11%	3.73x	0.00x	$-1.34 Million
2019	0.00%	-32.81%	2.58x	0.00x	$-7.98 Million
2020	0.00%	-19.71%	7.43x	0.00x	$-9.65 Million
2021	-381.02%	-26.50%	2.62x	5.49x	$-13.89 Million
2022	-13.64%	-0.56%	3.57x	6.81x	$-1.18 Million
2023	72.99%	15.03%	3.27x	1.48x	$17.79 Million
2024	-298.57%	-75.11%	2.54x	1.57x	$-47.26 Million

Industry Comparison

This section compares Surgepays Inc's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $84,013,623,558
Average return on equity (ROE) among peers: 6.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Surgepays Inc (SURG)	$-6.42 Million	-32.70%	N/A	$13.86 Million
Array Digital Infrastructure, Inc. (AD)	$2.57 Billion	11.30%	0.92x	$2.63 Billion
America Movil SAB de CV ADR (AMX)	$428.37 Billion	18.13%	3.21x	$71.77 Billion
Anterix Inc (ATEX)	$-4.21 Million	0.00%	0.00x	$703.61 Million
ATN International Inc (ATNI)	$808.72 Million	1.55%	0.48x	$365.41 Million
Altice USA Inc (ATUS)	$-5.03 Billion	0.00%	0.00x	$502.28 Million
Cable One Inc (CABO)	$1.74 Billion	12.27%	2.96x	$425.47 Million
Cogent Communications Group Inc (CCOI)	$-149.00 Million	0.00%	0.00x	$1.14 Billion
Chunghwa Telecom Co Ltd (CHT)	$373.04 Billion	12.62%	0.19x	$33.47 Billion
Charter Communications Inc (CHTR)	$38.81 Billion	4.30%	2.82x	$21.41 Billion
Comcast Corp (CMCSA)	$-21.70 Million	0.00%	0.00x	$97.57 Billion

About Surgepays Inc

NASDAQ:SURG USA Telecom Services

Market Cap

$13.86 Million

Market Cap Rank

#26056 Global

#5217 in USA

Share Price

$0.57

Change (1 day)

-4.78%

52-Week Range

$0.51 - $3.43

All Time High

$63.00