SurgePays ( (SURG) ) has released a notification of late filing.
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SurgePays, Inc. has filed a Form 12b-25 to notify investors that it will be late in submitting its Form 10-K (Yearly Report) for the financial year ended December 31, 2025. The delayed filing concerns its Annual Report on Form 10-K (Yearly Report), which was originally due March 31, 2026.
The company explains that it needs more time to complete its financial statements and related disclosures for the Annual Report. Its independent registered public accounting firm also requires additional time to finish auditing the 2025 financial statements that will be included in the Form 10-K (Yearly Report).
SurgePays states that the delay could not be avoided without unreasonable effort or expense under the SEC’s rules. The company expects to file the Form 10-K (Yearly Report) no later than the fifteenth calendar day after the original deadline, effectively using the standard grace period.
Importantly for investors, SurgePays does not anticipate any significant change in its results of operations compared with the prior fiscal year based on the information available today. As with any forward-looking statements, the final numbers could still differ once the audit and reporting process is fully completed.
The company confirms that all other required periodic reports over the past 12 months have been filed on time, signaling ongoing regulatory compliance. The notification is signed on behalf of SurgePays by Chief Executive Officer Kevin Brian Cox, dated March 31, 2026, underscoring management’s responsibility for this disclosure.
The most recent analyst rating on (SURG) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on SurgePays stock, see the SURG Stock Forecast page.
Spark’s Take on SURG Stock
According to Spark, TipRanks’ AI Analyst, SURG is a Neutral.
The score is held down primarily by weak financial performance (large losses, heavy cash burn, and negative equity) and a bearish technical setup. These are only partially offset by positive earnings-call momentum (rapid revenue growth, improving expense discipline, and upbeat guidance), while valuation remains constrained by loss-making results and the equity raise adds dilution/financing risk.
To see Spark’s full report on SURG stock, click here.
More about SurgePays
Average Trading Volume: 236,128
Technical Sentiment Signal: Sell
Current Market Cap: $16.72M
Find detailed analytics on SURG stock on TipRanks’ Stock Analysis page.