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SurgePays (SURG) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 19, 2026 · SurgePays (SURG) Q2 2026 earnings results →
Q2 2026 Revenue up 41% year over year to $16.2M · 8¢ of every $1 of revenue kept as net profit · operating margin 21.3%
SurgePays made $16.2M in Q2 2026 (+41% Y/Y). Operating margin 21.3%, net earnings $1.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 19, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $16.2M in Q2 2026, up 41% year over year and up 1% from the previous quarter.
Operating profit was $3.5M, a 21.3% margin (up 80.4 points year over year). Total costs fell 30% while revenue rose 41%. The fastest-growing cost line was SG&A (+12%). Net earnings were $1.3M. The effective tax rate was 0.0%.
Operating cash flow was −$2.6M. Non-cash charges added back $27K of depreciation and amortization. Working capital and other items used $3.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 19, 2026 | $16.2M | +41% | 21.3% | $1.3M | −$2.6M |
| Q1 2026 | 10-Q | May 20, 2026 | $16.0M | +51% | -70.1% | −$12.1M | −$4.6M |
| Q4 2025 | 10-K | Apr 15, 2026 | $16.2M | +69% | -79.1% | −$13.9M | −$3.6M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $18.7M | +292% | -37.2% | −$7.5M | −$4.6M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $11.5M | -24% | -59.1% | −$7.1M | −$6.1M |
| Q1 2025 | 10-Q | May 13, 2025 | $10.6M | -66% | -71.7% | −$7.6M | −$7.0M |
| Q4 2024 | 10-K | Mar 25, 2025 | $9.6M | -70% | -209.0% | −$20.0M | −$7.9M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SurgePays
SurgePays, Inc. (“SurgePays”, “we”, the “Company”) is a wireless and point of sale technology company focused on serving underserved and value-conscious consumers through a combination of retail distribution and digital acquisition channels. The Company provides mobile connectivity, financial technology services, and transaction processing solutions through an integrated platform that combines wireless services with point of sale software and nationwide retail distribution.
In its own words, from its 10-K, filed Apr 15, 2026.
SurgePays against its Telephone Communications (No Radiotelephone) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +41% against the peers' median +5%. Operating margin: 21.3% against the peers' median 7.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SURG SurgePays | Q2 2026 | $16.2M | +41% | 21.3% |
| VZ Verizon Communications | Q3 2026 | $34.3B | +2% | 25.2% |
| T AT&T | Q3 2026 | $32.3B | +5% | 12.7% |
| LUMN Lumen Technologies | Q3 2026 | $2.7B | -12% | -6.2% |
| UNIT Uniti Group | Q2 2026 | $910M | +202% | 3.5% |
| IDT IDT | Q4 FY26 | $339M | +7% | 9.8% |
| TDS Telephone & Data Systems | Q3 2026 | $307M | -0.6% | -9.8% |
| ATNI ATN International | Q3 2026 | $183M | 0% | 7.1% |
| IQST iQSTEL | Q2 2026 | $109M | +51% | -1.0% |
Source: SurgePays 10-Q on SEC EDGAR · CIK 1392694 · Telephone Communications (No Radiotelephone)
13F: who owns SURG and who is buying
More on SURG
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results