{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-024589","form_type":"8-K","ticker":"SURG","cik":"0001392694","company_name":"SurgePays, Inc.","filed_at":"2026-05-20T19:39:03+00:00","discovered_at":"2026-05-20T19:40:00.508765+00:00","generated_at":"2026-05-20T19:41:07.280228+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SurgePays Q1 revenue $16M (+51% YoY) driven by POS/prepaid up 71%; net loss $12.1M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-024589","json":"https://secwatch.observer/filing/0001493152-26-024589.json","markdown":"https://secwatch.observer/filing/0001493152-26-024589.md","text":"https://secwatch.observer/filing/0001493152-26-024589.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392694/000149315226024589/0001493152-26-024589-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392694/000149315226024589/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T19:41:07.280228+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"41c03acbb894545860c806dac189c82a865416d9","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392694/000149315226024589/0001493152-26-024589-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"approximately $16.0 million"},{"label":"Net income","value":"Net loss available to common stockholders totaled approximately $12.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}