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SURG

SurgePays, Inc.
Nasdaq · Telephone Communications (No Radiotelephone) · EDGAR filings (CIK 1392694) · 3 signals · 0 setups · updated Aug 16, 2026

What the filings say Pressure ▼

Less than six months of cash at the latest burn — the company must raise, cut, or both, soon.

Radar 47 (elevated attention) · dilution pressure elevated · listing risk low · governance risk low · runway 1.1 mo · strongest signal: Runway < 6 months (Mar 31, 2026)

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

47Radar · attention score (0–100)
63Dilution pressure · financing + balance sheet
0Listing risk · exchange standards
0Governance risk · reporting, auditor, going concern

Analyst note

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Balance sheet (XBRL)

$2.0Mcash + short-term investments as of Mar 31, 2026
1.1 moestimated runway (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts])
$-23.8Mstockholders' equity as of Mar 31, 2026
$41.8Mpublic float (10-K cover)
25.1Mshares outstanding as of May 20, 2026 · was 25.1M Apr 15, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 138 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

DateSignalEvidenceScore
Mar 31, 2026 Runway < 6 months ~1.1 months runway: liquidity $1,991,166 as of 2026-03-31, burn $21,293,152/yr (latest fiscal-year operating cash flow (quarter too short to annualize) [companyfacts]) filing 43
Mar 31, 2026 Negative equity Stockholders' equity $-23,812,673 as of 2026-03-31 filing 31
Mar 31, 2026 Cash < current liabilities Liquidity $1,991,166 vs current liabilities $30,042,829 filing 21
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