Core Insights - SurgePays, Inc. reported a second quarter revenue of $11.5 million, reflecting an 8.9% sequential increase from $10.6 million in Q1 2025, and is on track for record-breaking results in 2026 due to strong subscriber activations and growth across various platforms [2][8]. Financial Performance - The company expects 2025 revenue to be between $75 million and $90 million, and for 2026, revenue is projected to be between $225 million and $240 million, driven by subscriber growth and new partnerships [3][9]. - In Q2 2025, the company experienced a net loss of $7.08 million, compared to a net loss of $12.87 million in Q2 2024, with total revenues for the first half of 2025 at $22.1 million, down from $46.5 million in the same period of 2024 [17][18]. Subscriber Growth and Business Expansion - SurgePays has seen significant subscriber growth, particularly with its Torch Wireless brand, which activated 20,000 subscribers in June and 57,000 in July, with expectations of reaching 80,000 to 90,000 activations per month by September [5][11]. - The LinkUp Mobile prepaid platform has shipped over 250,000 SIMs, with activations more than doubling to over 30,000 subscribers between April and July 2025 [11]. Operational Highlights - The company completed a nationwide launch on the AT&T network and fully integrated by April 1, 2025, enhancing its service capabilities [11]. - SurgePays has expanded its prepaid POS fintech network, driving recurring revenue from over 9,000 retail locations [11]. Financial Position - As of June 30, 2025, the company reported total assets of $15.2 million, a decrease from $24.0 million at the end of 2024, with current liabilities increasing to $8.7 million from $6.1 million [16][17]. - The company secured $6 million in financing from a large shareholder to accelerate growth initiatives [11].