SurgePays (9B90) Price & Analysis
9B90 Stock Chart & Stats
- Day’s Range
- EUR 0.14 - EUR 0.15
- 52-Week Range
- EUR 0.10 - EUR 2.52
- Previous Close
- EUR 0.15
- Volume
- 0
- Average Volume (3M)
- 939
- Market Cap
- EUR 7.78M
- Enterprise Value
- EUR 24.83M
- Total Cash (Recent Filing)
- EUR 2.38M
- Total Debt (Recent Filing)
- EUR 17.88M
- Price to Earnings (P/E)
- ―
- Beta
- 0.92
- Next Earnings
- Nov 17, 2026
- EPS Estimate
- -0.06
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue Growth
The return to positive top-line momentum indicates that SurgePays is still expanding customer or transaction activity despite recent operating weakness. If sustained, revenue growth can improve fixed-cost absorption, support reinvestment in distribution, and help restore operating leverage over the next several quarters.
Expanded Wireless Distribution
Access to a large national dealer network could materially broaden SurgePays’ wireless distribution and customer-acquisition reach. The venture also uses SurgePays’ MVNO platform, billing, service, and operations infrastructure, creating a scalable channel opportunity without a cash capital injection at formation.
Equity Compliance Improvement
The asset sale addressed a significant capital-structure pressure by restoring equity above Nasdaq thresholds and providing a put option connected to the transaction consideration. Maintaining listing eligibility preserves access to public-market financing and supports business continuity, although other compliance issues remain.
Bears Say
Severe Profitability Deterioration
The sharp shift from profitability in 2023 to negative gross profit and large operating and net losses indicates that current revenue is not translating into sustainable earnings. Continued pricing or cost pressure could limit reinvestment, weaken resilience, and delay any path to durable profitability.
Negative Equity And Leverage
Negative equity materially reduces financial flexibility and makes the company more dependent on refinancing, asset monetization, or new capital. Rising debt against a weakened and relatively small asset base can increase dilution and refinancing pressure, constraining strategic choices during operating stress.
Persistent Cash Burn
Repeated negative operating and free cash flow shows that reported business activity is not yet funding the company’s needs internally. Ongoing burn can require external financing or asset sales, potentially increasing dilution and limiting investment in wireless and fintech growth initiatives.
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Company Description
SurgePays
SurgePays, Inc. operates as a financial technology and telecommunications enterprise dedicated to serving the underbanked communities across the United States. A core component of its strategy is a blockchain-powered platform that transforms local corner stores and bodegas into vital technology hubs, providing a suite of financial and prepaid products. In its telecommunications division, the company delivers voice and SMS messaging services to subsidized, direct retail prepaid, and low-income subscribers. Furthermore, it offers subsidized mobile broadband connectivity to consumers in California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, alongside traditional prepaid wireless options. Beyond these primary offerings, SurgePays also extends specialized services to law firms in the mass tort industry, including marketing business intelligence, plaintiff generation, and caseload management solutions. To support its diverse operations, the company maintains a bilingual operations center that provides essential internal functions such as sales assistance, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, and lead generation. The company's headquarters are located in Bartlett, Tennessee.
- Sector
- Communicationservices
- Industry
- Software - Application
- CEO
- Kevin Brian Cox
- Employees
- 125
- Website
- www.surgepays.com
- Address
- 3124 Brother Boulevard, Bartlett, TN, 38133, US
SurgePays (9B90) Earnings & Revenues
9B90 Earnings Call
Earnings Call SentimentNeutral
The call mixed clear operational progress and cost discipline with material liquidity and transition risks. Highlights include demonstrated scalability (notably Q2->Q3 +62.6%), significant cost cuts (G&A and SG&A down ~27%), improved gross loss (~25.9%) and operating loss (~26.6%), strong point-of-sale/prepaid growth (+$26.1M YoY) and diversification across multiple revenue channels with a >9,000 location footprint. Lowlights include a full-year revenue decline (~6.4%), a Q3->Q4 sequential revenue decline (~13.4%) driven by reduced acquisition spend, low year-end cash (~$1.7M) and a working capital deficit (~$16.2M), substantial operating cash use (~$21.3M for 2025) and continued dependence on financing (~$10.5M raised). Management outlined actions to lower monthly burn to ~$250K–$300K and emphasized showing progress in 2026, leaving the call balanced between meaningful improvements and notable liquidity/execution risks.
View all DE:9B90 earnings summaries9B90 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 12 | 1 | 8 |
| Technical Analysis | 4 | 1 | 4 |
| Moving Averages | 8 | 0 | 4 |







