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Companies / Communication Services / SurgePays, Inc.
SURG

SurgePays, Inc.

Communication ServicesTelecommunications
Ticker SURGBARTLETT, TNFiscal year ends DecemberBook value per share $-0.83Diluted shares 24.8M

SurgePays, Inc. (Nasdaq: SURG) provides wireless connectivity, financial technology services and transaction processing to underserved and value-conscious consumers through retail and digital channels. Its offerings include Lifeline wireless service for eligible consumers, contract-free prepaid plans under the LinkUp… From the company’s description.

Over the twelve months to Jun 30, 2026, SurgePays, Inc. reported revenue of $67.06M, up 83.9% from a year earlier, and a net loss of $32.12M. Its operating margin was −41.0%, and operations used $15.39M in cash. In fiscal 2025, it reported revenue of $56.96M, down 6.4% from fiscal 2024, and a net loss of $36.07M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$56.96MFY2025
−6.4% year over year
Last 12 mo $67.06M
-59.93%FY2025
+8.7 percentage points
Last 12 mo -41.00%
$-36.07MFY2025
+21.5% year over year
Last 12 mo $-32.12M
212.36%FY2025
+510.9 percentage points
Last 12 mo 155.19%
Cash & financing
$-21.29MFY2025
+0.1% year over year
Last 12 mo $-15.39M
$-21.31MFY2025
+2.4% year over year
Last 12 mo $-15.39M
-0.54FY2025
Was 0.26× a year earlier
Last 12 mo -0.64
20.1MFY2025
+5.1% year over year
Last 12 mo 24.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SurgePays, Inc. does

In the company’s own words

SurgePays, Inc. (Nasdaq: SURG) provides wireless connectivity, financial technology services and transaction processing to underserved and value-conscious consumers through retail and digital channels. Its offerings include Lifeline wireless service for eligible consumers, contract-free prepaid plans under the LinkUp Mobile brand, wireless services for third-party providers, prepaid top-ups, SIM activations and financial transactions processed through retail software. The company also offers in-store digital advertising through its Managed Marketing Services platform. SurgePays operates three primary business lines: MVNO Telecommunications, covering subsidized and prepaid wireless; the HERO MVNE Enablement Platform, providing point-of-sale software and transaction processing; and Comprehensive Platform Services, which supplies wholesale wireless enablement, including SIM provisioning, billing and network access. Its distribution network includes more than 9,000 independently owned convenience stores and similar retail locations, complemented by online customer acquisition through ProgramBenefits.com. The platform serves retail partners as well as consumers, with services available in stores and online. SurgePays had more than 125 employees as of April 2026. Its website is www.surgepays.com.

Company details
Sector
Communication Services
Industry (SIC)
Telecommunications
Headquarters
BARTLETT, TN
Fiscal year end
December
CIK
1392694
SIC
4813

Financial performance, year by year

Fiscal 2010–2025 · USD
$-64.25M$-9.32M$45.60M$100.53M$155.45M201020112012201320152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SurgePays, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$0.31M
held by funds, at market
1.4%
of shares held by funds

Largest fund holders · SurgePays, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do SurgePays, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of SurgePays, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in SurgePays, Inc.'s last four quarterly filings that the numbers alone won't show?”
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