SurgePays (SURG) Operating Expenses (2010 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at SurgePays was $103.06 million, up 21.0% year-over-year; for FY2025, it was $91.1 million, down 12.7% from FY2024.

• Annual Operating Expenses has declined for three consecutive years, though with a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
• In prior years, SurgePays' Operating Expenses was $104.35 million in FY2024 (-11.8%), $118.28 million in FY2023 (-2.2%), $120.91 million in FY2022 (+111.9%) and $57.05 million in FY2021 (-11.6%).
• Quarterly Operating Expenses has run from a low of $14.25 million in Q4 2021 to a high of $37.18 million in Q3 2022 over five years.
• On a year-over-year basis, Operating Expenses increased in three of the last eight quarters, with an average decline of 0.7%.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2022, with growth of 139.2%; the weakest was Q1 2025, with a decline of 38.8%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $27.18 million (Q1 2026), $28.98 million (Q4 2025) and $25.63 million (Q3 2025).