SPRS on OTC

SURGE COMPONENTS INC

SURGE COMPONENTS INC is an American wholesale-electronic parts and equipment company, listed on OTC (SPRS).1 It is headquartered in Deer Park, New York.1

$3.45 down 0.54 (13.53%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

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  • TickerSPRS on OTC1
  • IndustryWholesale-Electronic Parts & Equipment, NEC1
  • HeadquartersDeer Park, New York1
  • Incorporated inNY3
  • Business address95 East Jefryn Blvd, Deer Park, Ny 117293
  • Filer categoryNon-accelerated filer, Smaller reporting company3

Surge’s suppliers in China have facilities fully certified for all of the above mentioned quality certifications.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

28.8%Gross margin5
3.5%Operating margin5
3.1%Net margin5
16.4%Revenue growth, 20255
5.3%Return on equity5
$794.2KFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China brought in 58% of the revenue SURGE COMPONENTS INC broke down this way in fiscal 2025.

  1. China$10.6M558%up 24% from 2024
  2. Canada$4.0M521%up 11% from 2024
  3. Europe$2.5M513%up 70% from 2024
  4. Elsewhere In Asia$1.2M57%up 57% from 2024
  5. South America$75.5K50%down 12% from 2024
  6. Mexico$33.5K50%down 24% from 2024
Regions by year
Regions20242025
China$8.6M$10.6M
Canada$3.6M$4.0M
Europe$1.5M$2.5M
Elsewhere In Asia$773.3K$1.2M
South America$86.2K$75.5K
Mexico$43.9K$33.5K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue71¢$25.9M
  • Other costs24¢$8.8M
  • Income tax1¢$474.3K
  • Profit3¢$1.1M

Out of $36.3M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending13¢$122.0K
  • Kept or used elsewhere87¢$794.2K

Out of $916.1K of cash from operations.5

Financial statements

Revenue6789105$36.3M in 2025+12% since 2019
0$20.0M$40.0M$60.0M2019: $32.5M$32.5M20192020: $31.7M$31.7M2020−2%2021: $39.8M$39.8M2021+26%2022: $51.9M$51.9M2022+30%2023: $36.3M$36.3M2023−30%2024: $31.2M$31.2M2024−14%2025: $36.3M$36.3M2025+16%
Gross profit6789105$10.5M in 2025+13% since 2019
0$5.0M$10.0M$15.0M2019: $9.2M$9.2M20192020: $8.8M$8.8M2020−5%2021: $10.9M$10.9M2021+24%2022: $14.3M$14.3M2022+32%2023: $9.9M$9.9M2023−31%2024: $8.9M$8.9M2024−10%2025: $10.5M$10.5M2025+17%
Operating income6789105$1.3M in 2025−35% since 2019
0$2.0M$4.0M$6.0M2019: $1.9M$1.9M20192020: $1.5M$1.5M2020−24%2021: $3.2M$3.2M2021+112%2022: $4.7M$4.7M2022+50%2023: $1.5M$1.5M2023−68%2024: $903.9K$903.9K2024−40%2025: $1.3M$1.3M2025+39%
Net income6789105$1.1M in 2025−44% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $2.0M$2.0M20192020: $1.5M$1.5M2020−25%2021: $2.5M$2.5M2021+66%2022: $3.7M$3.7M2022+49%2023: $972.1K$972.1K2023−74%2024: $825.7K$825.7K2024−15%2025: $1.1M$1.1M2025+38%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-11-302024-11-30
Net sales$36.3M$31.2M
Cost of goods sold$25.9M$22.3M
Gross profit$10.5M$8.9M
Selling and shipping expenses$2.9M$2.7M
General and administrative expenses$6.2M$5.2M
Depreciation and amortization$70.6K$70.4K
Total operating expenses$9.2M$8.0M
Income before other income and income taxes$1.3M$903.9K
Investment income$356.6K$331.7K
Other income (expense):$356.6K$331.7K
Income before income taxes$1.6M$1.2M
Income taxes$474.3K$410.0K
Net income$1.1M$825.7K
Dividends on preferred stock$5.0K$5.0K
Net income available to common shareholders$1.1M$820.7K
Basic (in Dollars per share)$0.20$0.15
Diluted (in Dollars per share)$0.20$0.14
Weighted average shares outstanding Basic5.7M shares5.6M shares
Weighted average shares outstanding diluted5.8M shares5.8M shares

Compare SURGE COMPONENTS INC with another company

Corporate structure

SURGE COMPONENTS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SURGE COMPONENTS INC

  • Zeff Capital, LP Filed SCHEDULE 13G/A on SURGE COMPONENTS INC, latest Jan 21, 2026 (2 filings since Nov 3, 2025)
  • SURGE COMPONENTS INC Deer Park, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SURGE COMPONENTS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$329.2K5 Nov 30, 2025$329.2K5 Nov 30, 20240%
Computer equipment and software$589.3K5 Nov 30, 2025$530.7K5 Nov 30, 2024+11.0%
Leasehold improvements$1.1M5 Nov 30, 2025$1.1M5 Nov 30, 2024+5.9%
Accumulated depreciation$1.9M5 Nov 30, 2025$1.8M5 Nov 30, 2024+3.9%
Property and equipment, net$162.0K5 Nov 30, 2025$110.7K5 Nov 30, 2024+46.3%
Operating-lease assets (leased space)$918.4K5 Nov 30, 2025$1.1M5 Nov 30, 2024−12.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.3M5 Nov 30, 2025$5.6M5 Nov 30, 2024−5.3%
Marketable securities, current$8.4M5 Nov 30, 2025$7.1M5 Nov 30, 2024+18.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.1M5 Nov 30, 2025$5.0M5 Nov 30, 2024+1.7%

Properties, in its own words

Our executive offices and warehouse facilities are located at 95 East Jefryn Boulevard, Deer Park, New York, 11729. We lease our facilities from Great American Realty of Jefryn Blvd., LLC (“Great American”), an entity that is 50% owned by Ira Levy, Surge’s president and Steven Lubman, Surge’s vice president. Our lease is through September 30, 2030 and our monthly rent for the year ended November 30, 2025 was $17,473 We occupy approximately 23,250 square feet of office space and warehouse space. The rental rate is typical for the type and location of Surge’s and Challenge’s facilities.

The Company has a lease to rent office space and a warehouse in Hong Kong Through November 2027. Annual minimum rental payments for this space are approximately $79,564.

The rest of Item 2

The Company has a lease to rent additional warehouse space in Hong Kong through November 30, 2027. Annual minimum rental payments for this space are approximately $77,097.

Item 2 of the 10-K filed Feb 27, 2026.4

Leadership

Who has led SURGE COMPONENTS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ira Levy2010–now

Chief financial officer

  1. Ira Levy2020–now
201520202025
Board members and other officers (6)

Timeline

  1. Dec 2, 20258-K Shareholder vote20
  2. Nov 27, 20248-K Shareholder vote21
  3. Dec 4, 20238-K Shareholder vote22
  4. Dec 1, 20228-K Shareholder vote23
  5. Jan 24, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed24
  6. Dec 20, 20218-K Shareholder vote25
  7. Dec 3, 20218-K Shareholder vote26
  8. Aug 4, 2010New chief executive Ira Levy becomes CEO14

Filings

59 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 7 major events, 17 insider forms, 2 large holders, 12 other. The latest 20:

  1. Oct 14, 202610-Q QUARTERLY REPORT EDGAR
  2. Jul 14, 202610-Q QUARTERLY REPORT EDGAR
  3. Apr 14, 202610-Q QUARTERLY REPORT EDGAR
  4. Apr 2, 20264 EDGAR
  5. Feb 27, 202610-K ANNUAL REPORT EDGAR
  6. Jan 21, 2026SCHEDULE 13G/A EDGAR
  7. Dec 2, 20258-K CURRENT REPORT EDGAR
  8. Nov 3, 2025SCHEDULE 13G EDGAR
  9. Nov 3, 2025DEF 14A PROXY STATEMENT EDGAR
  10. Oct 24, 2025PRE 14A PROXY STATEMENT EDGAR
  11. Oct 15, 202510-Q QUARTERLY REPORT EDGAR
  12. Jul 14, 202510-Q QUARTERLY REPORT EDGAR
  13. Jun 2, 2025S-8 REGISTRATION STATEMENT EDGAR
  14. May 27, 20254 OWNERSHIP DOCUMENT EDGAR
  15. May 27, 20254 OWNERSHIP DOCUMENT EDGAR
  16. May 27, 20254 EDGAR
  17. May 27, 20254 EDGAR
  18. May 23, 20254 OWNERSHIP DOCUMENT EDGAR
  19. May 23, 20254 EDGAR
  20. Apr 24, 20254 EDGAR

The 59 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Ira Levy69$320.0K$531.0K28
2024Steven J. Lubman70$266.7K$488.3K28
2023President CEO and CFO$300.0K$417.5K28
2023Vice President and Secretary$250.0K$409.0K28

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$261.7K 2020–2020
Money received by yearMoney received by year, 2020–2020: $261.7K in all. PPP loans $261.7K.$0$100K$200K$300K2020 · PPP loans: $261.7K2020
Figures by year
YearPPP loansTotal
2020$261.7K$261.7K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA29. Matched to this company by name and state.

  1. Apr 15, 2020$261.7K PPP loan (first draw) from Citibank, N.A.29To SURGE COMPONENTS, INC., Deer Park NY; $264.2K forgiven Apr 8, 2021

SEC filer profile

How SURGE COMPONENTS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSURGE COMPONENTS INC1
  • CIK0000747540
  • Employer ID (EIN)11-26020304
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsNovember 301
  • Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address95 East Jefryn Blvd, Deer Park, NY 117291
  • Mailing addressSurge Components Inc, 95 East Jefryn Blvd, Deer Park, NY 117291
  • Phone51659518181
  • Shares outstanding5,750,133 as of Oct 9, 202613
  • Public float$6.4M as of May 31, 20254
  • AuditorSeligson & Giannattasio, CPAs PC, White Plains, New York PCAOB ID 759; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 15, 19961
  • Filings399 in all: 4 (89), 10-Q (50), 8-K (49), 10QSB (21), 10-K (16), DEF 14A (15), SC 13D/A (12), DFAN14A (9)1
    All 50 form types

    10-12G/A (8), 10KSB (8), 3 (8), DEFA14A (8), SC 13G (8), NT 10-Q (7), PRE 14A (7), S-4/A (7), SC 13D (7), 10QSB/A (6), SC 13G/A (6), UPLOAD (6), 3/A (4), 8-K/A (4), S-8 (4), NT 10-K (3), 10-K/A (2), 15-12G (2), 424B3 (2), CORRESP (2), DEFC14A (2), DEFR14A (2), PREC14A (2), PRER14A (2), PRRN14A (2), S-3/A (2), SC TO-I/A (2), 10-12G (1), 10KSB/A (1), 5 (1), 8-A12G (1), 8-A12G/A (1), 8-K12G3 (1), 8-K12G3/A (1), DEFS14A (1), PRES14A (1), S-3 (1), S-4 (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Oct 14, 2026
    Proxy statement (DEF 14A) Nov 3, 2025
    Latest 8-K (8-K) Dec 2, 2025

Risk factors and legal proceedings

The risks SURGE COMPONENTS INC names in Item 1A of its 10-K filed Feb 27, 2026: 12 risks under these headings, as written.4

  • Risks Related to our Business
  • We have an agreement with only one of our suppliers and we depend on a limited number of suppliers
  • We need to maintain large inventories in order to succeed and as a result, price fluctuations could harm us.
  • Our operations would be adversely effected if we lose certain of our customers.
  • We may not be able to compete against large competitors who have better resources.
  • System failure or cybersecurity breaches of our network security could subject us to increased operating costs, as well as litigation and other potential losses.
  • Our business will be adversely affected if there is a shortage of components.
  • Our success depends on key personnel whose continued service is not guaranteed.
  • Electronics industry cyclicality may adversely affect our operations.
  • Most of our products are not protected by patents, trademarks and proprietary information.
  • Risks Related to our Common Stock
  • Our common stock is quoted on the OTC Market, which may limit the liquidity and price of our common stock more than if our common stock were listed on the Nasdaq Stock Market or another national exchange.
The other 2 risks
  • The application of the “penny stock” rules could adversely affect the market price of our common stock and increase an investor’s transaction costs to sell those shares.
  • Anti-takeover provisions in our organizational documents and the shareholder rights plan that we have adopted may discourage or prevent a change of control, even if an acquisition would be beneficial to our stockholders, which could affect our stock price adversely and prevent attempts by our stockholders to replace or remove our current management.