Business

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%

Cost discipline initiated in 2025 drove G&A expenses down approximately 25% Revenue growth was led by point of sale and prepaid services Total wireless subscriber lines surpassed 200,000 across LinkUp Mobile and Torch Wireless BARTLETT, Tenn., May 15, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG), a fintech and mobile virtual network operator serving the approximately 138 million subprime consumers in the United States, today reported its financial results for the quarter ended March 3

articleSurgepays, Inc.May 15, 202610/company/surgepays-inc/news/surgepays-reports-first-quarter-2026-revenue-of-approximately-dollar16-million-up-51percent-year-over-year-driven-by-point-of-sale-and-prepaid-services-growth-of-71percent
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%

About this update from Surgepays, Inc.

[{"type":"image","alt":"SurgePays, Inc.","displaySize":"","headline":null,"caption":"SurgePays, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":289,"height":289,"url":"https://media.zenfs.com/en/globenewswire.com/bd7cdb61e44734cb83bd0c349ad99149"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VB6oYar2SkAWp14qkAnRHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMA--/https://media.zenfs.com/en/globenewswire.com/bd7cdb61e44734cb83bd0c349ad99149","width":289,"height":289},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/VB6oYar2SkAWp14qkAnRHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMA--/https://media.zenfs.com/en/globenewswire.com/bd7cdb61e44734cb83bd0c349ad99149","width":289,"height":289}},"lazy":false},{"type":"text","content":"Cost discipline initiated in 2025 drove G&A expenses down approximately 25%","length":79,"tagName":"p"},{"type":"text","content":"Revenue growth was led by point of sale and prepaid services ","length":60,"tagName":"p"},{"type":"text","content":"Total wireless subscriber lines surpassed 200,000 across LinkUp Mobile and Torch Wireless","length":89,"tagName":"p"},{"type":"text","content":"BARTLETT, Tenn., May 15, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG), a fintech and mobile virtual network operator serving the approximately 138 million subprime consumers in the United States, today reported its financial results for the quarter ended March 31, 2026.","length":281,"tagName":"p"},{"type":"text","content":"“The first quarter of 2026 is the quarter where the diversification work of the last twelve months becomes visible in the numbers,” said Brian Cox, Chief Executive Officer of SurgePays. “Revenue grew approximately 51% year-over-year, driven by an approximately 71% increase in point of sale and prepaid services. Additionally, the cost discipline we set in motion in 2025 reached our G&A line, which declined approximately 25% year-over-year.”","length":447,"tagName":"p"},{"type":"text","content":"First Quarter and Subsequent Operational Highlights","length":51,"tagName":"p"},{"type":"text","content":"Wireless Subscriber Growth","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total wireless subscriber lines surpassed 200,000 across the Company’s LinkUp Mobile and Torch Wireless brands, reflecting continued momentum in the prepaid wireless business.","...

More updates from Surgepays, Inc.

the Companymobile virtual network operatorSurgePays, Inc.prepaid wirelesssubscriber acquisitionsubscriber growth