Surgepays Valuation Multiples

Surgepays Overview

About Surgepays

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; and Others. It generates the majority of its revenue from the Mobile Virtual Network Operators segment.

Founded

2006

HQ

Employees

262

Website

surgepays.com

Sectors

Crypto & Web3 PlatformsEnergyTechIndustry 4.0FinTech

Financials (LTM)

Revenue: $77M

EBITDA: ($17M)

EV

$28M

Valuation Multiples

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Surgepays Financials

Surgepays reported last 12-month revenue of $77M and negative EBITDA of ($17M).

In the same LTM period, Surgepays generated $994K in gross profit, ($17M) in EBITDA losses, and had net loss of ($20M).

Surgepays P&L

In the most recent fiscal year, Surgepays reported revenue of $61M and EBITDA of ($32M).

Surgepays expects next 12-month revenue of XXX and NTM EBITDA of XXX

Surgepays Stock Performance

Surgepays has current market cap of $18M, and enterprise value of $28M.

Surgepays' stock price is $0.79.

Surgepays Valuation Multiples

Surgepays trades at 0.4x EV/Revenue multiple, and (1.7x) EV/EBITDA.

Surgepays Financial Valuation Multiples

As of March 21, 2026, Surgepays has market cap of $18M and EV of $28M.

Equity research analysts estimate Surgepays' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Surgepays has a P/E ratio of (0.9x).

Surgepays Margins & Growth Rates

Surgepays' revenue in the last 12 month grew by 71%.

Surgepays' revenue per employee in the last FY averaged $0.3M.

Surgepays' rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Surgepays' rule of X is 157% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Surgepays Public Comps

See public comps and valuation multiples for other Crypto & Web3 Platforms comps.

Surgepays M&A Activity

Surgepays acquired XXX companies to date.

Last acquisition by Surgepays was on XXXXXXXX, XXXXX. Surgepays acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Surgepays Investment Activity

Surgepays invested in XXX companies to date.

Surgepays made its latest investment on XXXXXXXX, XXXXX. Surgepays invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).