SURGE COMPONENTS INC (SPRS) Form 10-Q — Oct 14, 2026
Surge Components filed its 10-Q for the quarter ended August 31, 2026, reporting nine-month net sales of $27.6 million, up 4.6% year-over-year, but third-quarter revenue declined 1.8% to $10.1 million. Q3 net income fell to $220,532 from $472,205 a year earlier, with gross margin slipping to 27.1% from 27.7%, while nine-month net income of $590,815 also trailed the prior year's $647,525. The balance sheet remains strong with $4.7 million in cash, $9.5 million in U.S. Treasury securities, $21.2 million of working capital, and no borrowings on its $3 million credit line.
Key figures
- Eps
- $0.10 diluted (nine months); $0.04 (Q3)
- Revenue
- 27645586
- Net Income
- 590815
- Total Debt
- 0
- Revenue Yoy
- 4.6% (nine months)
- Total Assets
- 28784765
- Cash Position
- 4715674
- Shares Outstanding
- 5750133
- Q3 revenue
- 10089985
- Q3 net income
- 220532
- Q3 gross margin
- 27.1% vs 27.7%
- Working capital
- 21186894
- Operating cash flow
- 703533
- Options outstanding
- 615000
- Marketable securities
- 9514350
- Q3 revenue yoy change
- -1.8% (-$184,046)
- Gross margin nine months
- 29.1% vs 28.7%
- Q3 net income prior year
- 472205
- Nine month net income prior year
- 647525
- Unpaid series C preferred dividends accrued
- 181569
AI analysis
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