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SurgePays reports 51% revenue growth in first quarter

Fri, 15 May 2026 09:00:53 -0400

SurgePays Inc. (NASDAQ: SURG) reported first quarter 2026 revenue of approximately $16 million, representing a 51% increase from $10.6 million in the prior year period, according to the company's earnings statement.

The revenue growth was driven primarily by a 71% increase in point of sale and prepaid services. General and administrative expenses declined approximately 25% to $3.5 million, compared to $4.6 million in the prior year period.

The company's total wireless subscriber lines surpassed 200,000 across its LinkUp Mobile and Torch Wireless brands. SurgePays closed six new wholesale distribution partners during the quarter, consisting of three Master Agent agreements covering more than

SurgePays reports 51% revenue growth in first quarter

Fri, 15 May 2026 09:00:53 -0400

SurgePays reports 51% revenue growth in first quarter

Fri, 15 May 2026 09:00:53 -0400

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%

Fri, 15 May 2026 09:00:00 -0400

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 31, 2026.

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

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%

Fri, 15 May 2026 09:00:00 -0400

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

“The first quarter of 2026 is the quarter where the diversification work of the

SurgePays launches 25,000 user pilot for Alpha Cash mobile wallet

Tue, 12 May 2026 08:32:21 -0400

SurgePays Inc. (NASDAQ: SURG) announced a pilot program to integrate the Alpha Cash mobile wallet across its distribution network under an agreement with Alpha Modus Holdings Inc. (NASDAQ: AMOD). The pilot targets 25,000 funded activations to test monetizing SurgePays' subprime consumer base.

The program offers SurgePays $10 per qualifying activation from a $250,000 bounty pool, plus a 10% revenue share on net revenue from each enrolled wallet user for five years. Users must fund their wallets with at least $25 to qualify as an activation.

SurgePays operates three distribution channels: a point-of-sale platform across approximately 9,000 convenience stores, prepaid wireless brands LinkUp

SurgePays launches 25,000 user pilot for Alpha Cash mobile wallet

Tue, 12 May 2026 08:32:21 -0400

SurgePays operates three distribution channels: a point-of-sale platform across approximately 9,000 convenience stores, prepaid wireless brands LinkUp

SurgePays launches 25,000 user pilot for Alpha Cash mobile wallet

Tue, 12 May 2026 08:32:21 -0400

SurgePays operates three distribution channels: a point-of-sale platform across approximately 9,000 convenience stores, prepaid wireless brands LinkUp

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

BARTLETT, Tenn., May 12, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), a fintech and mobile virtual network operator serving the approximately 138 million subprime consumers in the United States, today announced the launch of a 25,000 Activation Pilot to integrate the Alpha Cash mobile wallet across SurgePays’ distribution surface, under a multi-year Commercial Integration and Distribution Agreement with Alpha Modus Holdings, Inc. (NASDAQ: AMOD). The pilot

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail

SurgePays Launches Alpha Cash Pilot to Monetize Subprime Consumer Distribution, First in a Planned Series

Tue, 12 May 2026 08:30:00 -0400

A 25,000 Activation Pilot to Test Monetizing SurgePays' Subprime Customer Base.

Terms: $10 Bounty, $250,000 Pool, 10% Revenue Share, 5 Year Tail