SurgePays Revenue for the Third Quarter 2025 Increases 292% Year-Over-Year and 62% Sequentially

Core Insights - SurgePays, Inc. reported a significant revenue increase of 292% year-over-year and 62% sequentially, reaching approximately $18.7 million for Q3 2025, and reiterated its revenue guidance of $225 million for 2026 [1][2][6] Financial Highlights - Q3 2025 net revenue was $18.7 million, compared to $4.8 million in Q3 2024, marking a 292% increase year-over-year and a 62% increase sequentially [5][17] - Gross profit loss improved to $(2.6) million from $(7.8) million in Q3 2024 [5] - Selling, General and Administrative (SG&A) expenses decreased to $4.2 million, down 32.5% year-over-year from $6.2 million in Q3 2024 [5] Operational Highlights - Torch Wireless, a Lifeline-subsidized brand, generated $5.6 million in revenue with over 125,000 subscribers [5] - LinkUp Mobile, the affordable prepaid wireless brand, launched in April and achieved over 95,000 recurring active subscribers by the end of Q3 2025 [5] - The company aims to expand its retail distribution network to 100,000 locations, leveraging both organic growth and new distribution agreements [5] Strategic Positioning - The company emphasizes its multi-channel growth platform, which integrates technology with a nationwide retail distribution network, targeting underserved communities [2][9] - SurgePays is focused on building a sustainable competitive advantage through its unique combination of telecom and fintech products [2][9] Future Guidance - SurgePays reaffirms its revenue guidance for 2026 at $225 million, supported by continued growth in Lifeline subscribers and expansion of its prepaid and retail distribution [6]