SurgePays (SURG) Cost of Revenue (2012 - 2026)

SurgePays (SURG) has reported Cost of Revenue for 15 consecutive years, with $23.7 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 75.16% year-over-year to $23.7 million; the TTM figure through Mar 2026 stood at $77.7 million (up 18.69% YoY), while the FY2025 annual figure was $67.6 million, down 10.18% from the prior year.
• Cost of Revenue grew to $23.7 million in Q1 2026 per SURG's latest filing, from $18.6 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $34.3 million in Q3 2022 and bottomed at $12.6 million in Q3 2024.
• Historically, Cost of Revenue has averaged $22.1 million across 5 years, with a median of $23.2 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 171.08% — and 2024, when it plunged 46.78%.
• SurgePays' Cost of Revenue stood at $29.5 million in 2022, then fell by 15.68% to $24.9 million in 2023, then fell by 16.27% to $20.8 million in 2024, then dropped by 10.78% to $18.6 million in 2025, then gained by 27.44% to $23.7 million in 2026.
• Business Quant data shows SURG's Cost of Revenue at $23.7 million in Q1 2026, $18.6 million in Q4 2025, and $21.3 million in Q3 2025.