SurgePays (SURG) Debt to Equity (2012 - 2026)

SurgePays (SURG) posted quarterly Debt to Equity of -$0.03 for Q1 2026, down 114.79% YoY from $0.18 in Q1 2025, and up 9.55% sequentially from -$0.03 in Q4 2025.

SurgePays (SURG) Debt to Equity (2012 - 2026) Analysis & Trends

SurgePays has disclosed Debt to Equity across 15 years of filings, most recently posting -$0.03 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 114.79% year-over-year to -$0.03; the TTM figure through Mar 2026 stood at -$0.03 (down 114.79% YoY), while the FY2025 annual figure was -$0.03, down 196.75% from the prior year.
  • Debt to Equity advanced to -$0.03 in Q1 2026, from -$0.03 in the prior quarter.
  • Over the last five years, Debt to Equity for SURG reached as high as $13.06 in Q3 2022 and fell as low as -$0.03 in Q4 2025.
  • The 5-year median for Debt to Equity is $0.06 (2024), against an average of $1.46.
  • The widest YoY moves for Debt to Equity: up 12706.17% in 2025, down 196.75% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $0.23 in 2022, then sank by 92.85% to $0.02 in 2023, then jumped by 89.7% to $0.03 in 2024, then sank by 196.75% to -$0.03 in 2025, then advanced by 9.55% to -$0.03 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered -$0.03, -$0.03, and $7.56 for Q1 2026, Q4 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,360.11 Bn 465.10 Bn - 0.00
2 T-Mobile US 190.40 Bn 186.88 Bn 17.62 Bn 1.54
3 Verizon Communications 176.65 Bn 169.60 Bn 27.94 Bn 1.65
4 At&T 143.78 Bn 133.82 Bn 25.25 Bn 1.10
5 Telecom Argentina 27.29 Bn -708.89 Bn - -
6 Charter Communications 17.55 Bn 21.72 Bn - 4.48
7 Millicom International Cellular 15.13 Bn 13.99 Bn - -
8 Globalstar 10.40 Bn 10.04 Bn 46.63 Mn 1.38
9 Sify Technologies 7.22 Bn 7.17 Bn 54.72 Mn 1.40
10 SurgePays 9.72 Mn 7.25 Mn -7.70 Mn -0.03

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.03
Dec 31, 2025 -0.03
Jun 30, 2025 7.56
Mar 31, 2025 0.18
Dec 31, 2024 0.03
Sep 30, 2024 0.07
Jun 30, 2024 0.06
Mar 31, 2024 0.01
Dec 31, 2023 0.02
Sep 30, 2023 0.00
Jun 30, 2023 0.03
Mar 31, 2023 0.40
Dec 31, 2022 0.23
Sep 30, 2022 13.06
Jun 30, 2022 0.77
Mar 31, 2022 0.94
Dec 31, 2021 1.71
Sep 30, 2021 -0.24
Jun 30, 2021 -0.28
Mar 31, 2021 -0.20