Surge Digital Inc. (TSXV:SRGE)

Surge Digital Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	5.83	6.2	6.25	4.3	5.68	31.85
Cash & Short-Term Investments	5.83	6.2	6.25	4.3	5.68	31.85
Cash Growth	-35.69%	-0.87%	45.21%	-24.19%	-82.17%	149.22%
Accounts Receivable	1.6	0.99	1.73	1.6	2.21	2.96
Other Receivables	-	-	-	-	-	0.18
Receivables	1.6	0.99	1.73	1.6	2.21	3.14
Prepaid Expenses	0.38	0.36	0.62	0.98	0.67	0.76
Restricted Cash	10.1	10.94	16.22	5.59	5.74	6.95
Other Current Assets	121.07	165.55	198.34	91.19	39.59	92.36
Total Current Assets	138.98	184.05	223.17	103.66	53.88	135.06
Property, Plant & Equipment	0.11	0.12	0.29	0.43	0.57	0.31
Long-Term Investments	0.28	0.27	0.35	0.28	7.51	0.86
Goodwill	1.07	1.07	1.07	17.09	1.07	1.07
Other Intangible Assets	0.15	0.16	0.35	0.59	0.12	0.33
Other Long-Term Assets	0.74	1.55	6.44	2.15	4.24	16.76
Total Assets	141.32	187.22	231.67	124.19	67.4	154.4

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.44	0.79	1.71	1.52	2.11	1.03
Accrued Expenses	1.13	2.04	1.72	1.97	1.29	1.1
Current Portion of Leases	0.02	0.02	0.02	0.01	0.03	0.03
Current Income Taxes Payable	-	-	-	0.02	0.15	0.15
Current Unearned Revenue	0.64	0.74	0.84	0.62	0.41	0.28
Other Current Liabilities	125.22	168.19	209.82	87.47	40.28	82.82
Total Current Liabilities	129.44	171.78	214.11	91.6	44.28	85.41
Long-Term Leases	-	0	0.03	0.05	0.01	0.04
Other Long-Term Liabilities	-0.01	-0.01	-	-	-	-
Total Liabilities	129.44	171.78	214.13	91.65	44.28	85.45

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	121.15	121.15	121.15	113.63	98.78	96.09
Retained Earnings	-129.9	-126.37	-125.09	-99.26	-88.2	-44.04
Comprehensive Income & Other	20.64	20.66	21.48	18.17	12.53	16.9
Total Common Equity	11.88	15.44	17.53	32.54	23.12	68.95
Minority Interest	0.01	0.01	-	-	-	-
Shareholders' Equity	11.89	15.44	17.53	32.54	23.12	68.95
Total Liabilities & Equity	141.32	187.22	231.67	124.19	67.4	154.4

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.02	0.03	0.05	0.06	0.04	0.06
Net Cash (Debt)	5.81	6.17	6.21	4.25	5.64	31.78
Net Cash Growth	-35.63%	-0.56%	46.14%	-24.74%	-82.25%	148.74%
Net Cash Per Share	0.11	0.12	0.12	0.11	0.16	0.97
Filing Date Shares Outstanding	50.83	50.83	50.83	50.75	36.47	35.35
Total Common Shares Outstanding	50.83	50.83	50.83	45.61	36.26	34.98
Working Capital	9.54	12.26	9.06	12.05	9.61	49.65
Book Value Per Share	0.23	0.30	0.34	0.71	0.64	1.97
Tangible Book Value	10.66	14.21	16.11	14.86	21.93	67.55
Tangible Book Value Per Share	0.21	0.28	0.32	0.33	0.60	1.93
Machinery	1.96	1.95	1.93	1.81	1.75	1.32

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

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