SurgePays Swings to Q2 Profit of $1.29M as Revenue Jumps 40.7%
SURG has more than doubled off its 52-week low of $0.202 on light trading volume (0.2× avg).
Summary
SurgePays reported Q2 2026 net income of $1.29 million, or $0.05 per share, a sharp turnaround from the $12.1 million loss in Q1 2026 and the $6.8 million operating loss in Q2 2025. Revenue grew 40.7% year-over-year to $16.2 million, marking the sixth consecutive quarter of sequential growth, driven in part by growth in its smartphone rent-to-own program. The company attributes the improvement to its multi-channel revenue structure and the renegotiated AT&T agreement, which provided $10.3 million in debt forgiveness in July. Management expects Q3 to benefit from the first full quarter under the new AT&T terms and continued channel growth. The stock trades at $0.41 with a market cap of only $6.2 million, so this profitability inflection is highly material relative to the company's size.
At the time of this announcement, SURG was trading at $0.41 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.2M. The 52-week trading range was $0.20 to $3.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.