- SurgePays (NASDAQ:SURG) returned to positive net income in Q2 2026, marking its sixth consecutive quarter of revenue growth.
- SurgePays is a wireless and payments company backed by a proprietary technology platform and a nationwide independent retailer network.
- The fintech stock last traded at US$0.25 and has given back 88.74 per cent year-over-year.
Wireless and payments nanocap, SurgePays (NASDAQ:SURG), returned to positive net income in Q2 2026, marking its sixth consecutive quarter of revenue growth.
According to Friday’s news release, revenue for the quarter hit US$16.20 million, up by 40.7 per cent year-over-year (YoY). First-half revenue, for its part, hit US$32.19 million, up by 45.7 per cent YoY, while general and administrative expenses fell by 9.3 per cent over the period.
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The company paired top-line growth with US$1.29 million in net income (US$0.05 earnings per share), up exponentially from a US$7.08 million loss YoY.
Subsequent to the quarter, on August 5th, SurgePays formed Redline Wireless Group, a joint venture with one of the United States’ largest wireless distributors, covering more than 20,000 active independent prepaid wireless dealers. The company expects positive cash flow to begin during the agreement’s initial months.
The company followed this up on August 11th, reporting on momentum from its smartphone rent-to-own program with All Prepaid, doing business as LowWeeklyPayments, including retailer sales reaching US$176,000 in July, up by 23 per cent month-over-month, prompting initial joint venture discussions to grow the program.
SurgePays leadership expects continued growth in Q3, as detailed below.
Leadership commentary
“Q2 2026 marks our return to GAAP profitability, with net income available to common stockholders of US$1.29 million and strong revenue growth under our new multi-channel revenue structure. Revenue of US$16.20 million was 40.7 per cent above the same quarter a year ago, and first half 2026 revenue reached US$32.19 million, a 45.7 per cent increase over the first half of 2025,” Brian Cox, Chief Executive Officer of SurgePays, said in a statement.
“Over the past two years we have actively built a diversified, multi-channel revenue architecture for our business to be supported by multiple independent revenue streams. Our internal models show we are still in the early growth stages of each channel,” Cox added. “Q2 reflects the initial results of the platforms, integrations and systems we have been building. As we look to Q3 and the balance of 2026, we expect to benefit from our first full quarter under the renegotiated AT&T agreement, continued growth across each of our sales channels and what we anticipate being our seventh consecutive quarter of sequential revenue growth.”
About SurgePays
SurgePays is a wireless and payments company backed by a proprietary technology platform and a nationwide independent retailer network.
SurgePays stock (NASDAQ:SURG) last traded at US$0.25 and has given back 88.74 per cent year-over-year.
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