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SurgePays vs NextPlat: SURG and NXPL compared
SurgePays is the larger company: $16.2M of revenue in its latest quarter (Q2 2026) against $11.9M for NextPlat (Q2 2026). SurgePays is growing faster (+41% against -10% a year earlier). SurgePays is more profitable, with an operating margin of 21.3% against -1.1%.
Where the money goes: SURG and NXPL
SurgePays (SURG) · Q2 2026
SurgePays, Q2 2026: revenue $16.2M (+41% year over year), operating margin 21.3%, net earnings $1.3M, operating cash flow −$2.6M. The chart follows the revenue to costs, profit and cash.
NextPlat (NXPL) · Q2 2026
NextPlat, Q2 2026: revenue $11.9M (-10% year over year), operating margin -1.1%, net loss $144K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| SurgePays (SURG) | NextPlat (NXPL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $16.2M | $11.9M |
| Revenue growth, Y/Y | +41% | -10% |
| Operating margin | 21.3% | -1.1% |
| Net earnings | $1.3M | −$144K |
| Net margin | 7.9% | -1.2% |
| Operating cash flow | −$2.6M | $1.1M |
Where the revenue comes from
NextPlat
- Pharmacy Prescription and Other Revenue, Net of PBM Fees: $5.6M (47%)
- E-Commerce Revenue: $4.1M (34%)
- Pharmacy Contract Revenue: $2.2M (19%)
Questions
Which is bigger, SurgePays or NextPlat?
SurgePays is the larger company: $16.2M of revenue in its latest quarter (Q2 2026) against $11.9M for NextPlat (Q2 2026).
Is SurgePays or NextPlat growing faster?
SurgePays is growing faster (+41% against -10% a year earlier).
Which is more profitable, SurgePays or NextPlat?
SurgePays is more profitable, with an operating margin of 21.3% against -1.1%.
More: SurgePays earnings · how SurgePays makes money · NextPlat earnings · how NextPlat makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 19, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.