Filing Flows › SurgePays (SURG) › Q1 2026
SurgePays (SURG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
SurgePays (SURG) reported revenue of $16.0M for the first quarter 2026 (Q1 2026), +51% from a year earlier and -1% from the quarter before. Operating margin was -70.1%, net loss $12.1M (75.4% of revenue).
SurgePays, Q1 2026: revenue $16.0M (+51% year over year), operating margin -70.1%, net loss $12.1M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.0M | -1% | +51% |
| Operating profit | −$11.2M | — | — |
| Net earnings | −$12.1M | — | — |
| Operating cash flow | −$4.6M | — | — |
What changed
Revenue was $16.0M in Q1 2026, up 51% year over year and down 1% from the previous quarter. Point-of-Sale and Prepaid Services was the largest line at 89% of revenue. Point-of-Sale and Prepaid Services added $5.9M year over year (up 71%), 109% of the total change. Mobile Virtual Network Operators declined 21%.
Operating costs exceeded revenue by $11.2M, an operating margin of -70.1%. Total costs grew 50% against revenue growth of 51%. The fastest-growing cost line was Cost of revenue (+75%). The quarter ended with a net loss of $12.1M, narrower than the previous quarter's $13.9M loss.
Operating cash flow was −$4.6M. Non-cash charges added back $27K of depreciation and amortization. Working capital and other items added $7.5M.
Questions
What was SurgePays' revenue in the first quarter 2026?
SurgePays (SURG) reported revenue of $16.0M for the first quarter 2026 (Q1 2026), +51% from a year earlier and -1% from the quarter before.
Was SurgePays profitable in the first quarter 2026?
Operating loss was $11.2M (-70.1% of revenue) and net loss $12.1M.
Source: SurgePays 10-Q on SEC EDGAR.