SurgePays, Inc. $SURG reported first-quarter 2026 revenue of $16.0 million, up 51.1% from a year earlier, showing solid top-line growth. Even so, profitability remained under pressure as the company posted a gross loss of $7.7 million, an operating loss of $11.2 million, and net income attributable to common shareholders of $12.1 million in the red.
The loss at the gross profit line came alongside a sharp increase in costs of sales to $23.7 million, up 75.2% year over year. Diluted earnings per share came in at -$0.51, while operating cash flow was negative $4.6 million for the quarter.
On the balance sheet, cash and cash equivalents fell to $2.0 million, while total liabilities climbed to $33.4 million. The stock rose 1.9% after the market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
SurgePays, Inc. Insider Trading Activity
SurgePays, Inc. insiders have traded $SURG stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SURG stock by insiders over the last 6 months:
- DAVID ALLEN MAY has made 3 purchases buying 40,250 shares for an estimated $21,151 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
SurgePays, Inc. Hedge Fund Activity
We have seen 12 institutional investors add shares of SurgePays, Inc. stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM CAPITAL ADVISORS, LLC added 125,000 shares (+147.1%) to their portfolio in Q2 2026, for an estimated $45,125
- GADDIS PREMIER WEALTH ADVISORS LLC added 60,363 shares (+16.0%) to their portfolio in Q1 2026, for an estimated $45,332
- GEODE CAPITAL MANAGEMENT, LLC added 58,958 shares (+35.7%) to their portfolio in Q1 2026, for an estimated $44,277
- UBS GROUP AG added 52,080 shares (+229.2%) to their portfolio in Q1 2026, for an estimated $39,112
- TWO SIGMA INVESTMENTS, LP removed 33,871 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $25,437
- SQUAREPOINT OPS LLC removed 31,282 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $23,492
- CETERA INVESTMENT ADVISERS added 20,000 shares (+43.5%) to their portfolio in Q1 2026, for an estimated $15,020
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
SurgePays, Inc. Analyst Ratings
Wall Street analysts have issued reports on $SURG in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Ascendiant Capital issued a "Buy" rating on 06/10/2026
To track analyst ratings and price targets for SurgePays, Inc., check out Quiver Quantitative's $SURG forecast page.
