SurgePays reported a return to GAAP profitability in the second quarter of 2026, posting net income available to common stockholders of $1.29 million, or $0.05 per share, as revenue rose 40.7% year over year to $16.20 million. Operating income improved by $10.3 million from a $6.8 million operating loss in Q2 2025 to $3.5 million in Q2 2026. For the first half, revenue increased 45.7% to $32.19 million, while general and administrative expenses declined 9.3%, reflecting what the company described as traction from a multi-channel revenue model. Chief Executive Officer Brian Cox said the business is in the early growth stages of each channel and expects Q3 to benefit from the first full quarter under a renegotiated AT&T agreement, continued sales-channel growth and what it anticipates would be a seventh straight quarter of sequential revenue growth. After quarter-end, SurgePays said it formed Redline Wireless Group, LLC with a large U.S. wireless master distribution organization covering more than 20,000 active independent prepaid wireless dealers, and said the venture is expected to be cash flow positive in its first months. It also reported growth in its smartphone rent-to-own program with All Prepaid, LLC, dba LowWeeklyPayments, with July retailer sales of about $176,000, up 23% from June's $142,725, and said discussions on a potential joint venture are under way.