Surgepays
SURGMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -85%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$1
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2024
- The month this stock first became a Benson pick.
- Tracking duration
- 22 months
- How long Benson has been tracking this pick.
About Surgepays
SurgePays is a small wireless and fintech company that helps lower-income Americans get prepaid cell phone service and basic financial tools. Think of them as a wireless carrier for people the big phone companies often overlook. They sell through more than 9,000 corner stores nationwide and just hit 100,000 subscribers on their LinkUp Mobile prepaid brand.
The case for and against
Both sides of the story, in plain English.
- Cost Cuts Working
SurgePays slashed general expenses by 28% in 2025, dropping to 20.1 million dollars from 27.5 million the year before. Their operating loss narrowed by 11 million dollars, and monthly cash burn is now down to just 250 to 300 thousand dollars. The company has stopped bleeding the way it was a year ago, and management is finally getting disciplined with capital.
- Diversified Revenue
After the Affordable Connectivity Program ended in 2024, SurgePays rebuilt around four revenue streams: government subsidized wireless, LinkUp Mobile prepaid, wholesale wireless, and fintech point-of-sale. They also signed a partnership with AT&T's network and launched a managed marketing services platform. The business is no longer dependent on a single program.
- Still Losing Money
SurgePays generated 57 million dollars in revenue but lost 30.7 million dollars in operating income. Gross margins are still negative, meaning every dollar of sales costs more than a dollar to deliver. The company has not turned a profit and continues to dilute shareholders to keep the lights on.
- Tiny And Volatile
This is a small-cap stock with thin trading volume, which means the price can swing wildly on any news. Subscriber growth has been choppy, with revenue jumping from 11.5 million dollars in Q2 to 18.7 million in Q3 and then falling back in Q4. SurgePays is a wild card, not a steady compounder.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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