SurgePays Q1 revenue $16M (+51% YoY) driven by POS/prepaid up 71%; net loss $12.1M

SurgePays, Inc.

Revenue ~$16M, up 51% YoY; point-of-sale and prepaid services segment grew 71%.
Net loss available to common stockholders $12.1M vs $7.6M prior year; operating loss $11.2M.
G&A expenses declined 25% to $3.5M; net cash used in operations improved to $4.6M from $7.0M.
Wireless subscribers surpassed 200,000; entered multiyear commercial agreement with Alpha Modus (AMOD) post-quarter.
Launched stored value/loyalty platform and Managed Marketing Services to monetize retail network.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SurgePays, Inc. reported the quarter ended March 31, 2026 results: revenue approximately $16.0 million, net income Net loss available to common stockholders totaled approximately $12.1 million.

Period: the quarter ended March 31, 2026
Revenue: approximately $16.0 million
Net income: Net loss available to common stockholders totaled approximately $12.1 million
Result: reported results

Exact text from the filing

Act, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- SurgePays Reports First Quarter 2026 Revenue of Approximately $16 Million, Up 51% Year-Over-Year Driven by Point of Sale and Prepaid Services Growth of 71% May 15, 2026 09:00 ET | Source: SurgePays, Inc. Cost discipline initiated in 2025 drove G&A

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SurgePays, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-024589

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