SurgePays Q2 revenue rises on smartphone rent-to-own program growth

Surgepays

14/08/2026 12:57

Overview
US fintech and wireless firm's Q2 revenue rose 41% yr/yr, returning to GAAP profitability
Q2 net income reached $1.29 mln with EPS of $0.05
Company formed Redline Wireless Group JV, targeting 20,000 prepaid wireless dealers

Outlook
Company expects continued momentum in Q3 and the balance of 2026
SurgePays anticipates seventh straight qtr of sequential revenue growth
Company expects Redline Wireless joint venture to be cash flow positive in initial months

Result Drivers
MULTI-CHANNEL REVENUE STRUCTURE - Co said revenue growth was driven by its diversified, multi-channel revenue architecture, with each channel in early growth stages, per CEO Brian Cox
COST CONTROL - Co reported a 9.3% decline in first half general and administrative expenses, contributing to improved profitability
RENT-TO-OWN PROGRAM GROWTH - Co cited continued growth in its smartphone rent-to-own program, with July retailer sales up 23% over June

Company press release: ID:nGNX2ywyDy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$16.20 mln
$13.80 mln (1 Analyst)
Q2 EPS
 
$0.05
 
Q2 Net Income
 
$1.29 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Surgepays Inc is $3.50, about 1,319.3% above its August 13 closing price of $0.25

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Aug 13 - Singapore's TeleChoice H1 profit nearly doubles on growth in PCS division

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)