SurgePays, Inc. SURG

Competitive advantage analysis · communication-services

Corporate Default
Overall moat score
23/100
Weak

Ranked against 59 peers in Telecom Services

About SurgePays, Inc.

SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in two segments, Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The company offers mobile broadband solutions to consumers; ACH banking relationships and fintech transactions platform to convenience stores; prepaid wireless top-ups platform for convenience store clerks to … Full SURG analysis →

Key strengths

  • ROIC Sustainably Above Peers ROIC at 100.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 1.8th percentile with high volatility suggests weak pricing power or commoditized products.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.03), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
6
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where SURG ranks in Telecom Services

SurgePays, Inc. ranks #50 of 56 scored companies in Telecom Services by moat score — the top 89%. The widest moat in the group is Iridium Communications Inc (IRDM) at 76/100.

# Company Moat score Rating
46 Lumen Technologies, Inc. LUMN 26/100 Developing
47 Liberty Broadband Corporation LBRDA 25/100 Developing
48 Liberty Broadband Corporation - LBRDP 25/100 Developing
49 Liberty Broadband Corporation LBRDK 25/100 Weak
50 SurgePays, Inc. SURG 23/100 Weak
51 KORE Group Holdings, Inc. KORE 21/100 Weak
52 FingerMotion, Inc. FNGR 19/100 Weak
53 Cogent Communications Holdings, CCOI 17/100 Weak
54 PicoCELA Inc. PCLA 12/100 Weak

See every General Corporate company ranked by moat score →

How SURG scores on the Corporate Default defenses

Pricing Power

Score 6 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 14 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 7 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 70 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 29 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 3 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SURG's moat

What is SurgePays, Inc.'s moat score?

SurgePays, Inc. (SURG) scores 22 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #50 of 56 scored companies in Telecom Services, the top 89%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 59 companies in Telecom Services. Its strongest defense is Capital Efficiency (70/100) and its weakest is Scale & Market Position (3/100).

How does SurgePays, Inc. compare with other Telecom Services companies?

SurgePays, Inc. ranks #50 of 56 scored companies in Telecom Services by moat score. The widest moat in Telecom Services is Iridium Communications Inc (IRDM) at 76/100. The companies ranked closest are Liberty Broadband Corporation (LBRDK) at 25 just above it and KORE Group Holdings, Inc. (KORE) at 21 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 59 companies in Telecom Services. The defenses are then weighted to produce the overall score out of 100.

Why is SurgePays, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for SurgePays, Inc.?

The Corporate Default template measures 6 defenses, and SURG scores: Pricing Power (6), Cost Advantage (14), Customer Stickiness (7), Capital Efficiency (70), Resilience (29), Scale & Market Position (3). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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