| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 18.68 | 62.1% | 291.6% |
| Total Income | 18.68 | 62.1% | 291.6% |
| Expenditure | 25.63 | 39.8% | 34.5% |
| PBT | -7.49 | 5.8% | 47.5% |
| Net Profit | -7.49 | 5.8% | 47.5% |
| OPM | -37.21% | 21.92pp | |
| NPM | -40.09% | 21.40pp | |
| EPS | -0.38 | 5.6% | 48.0% |
SurgePays Reports Q3 2025 Revenue Up 292% YoY to $18.7 Million
04 May 2026 · 4 May, 7:26 am
Summary
SurgePays, Inc. announced a significant increase in revenue for the third quarter of 2025, with a 292% year-over-year growth, reaching $18.7 million. The company also saw a 62% sequential increase in revenue. Key growth drivers included Torch Wireless and LinkUp Mobile, with subscriber counts increasing. SurgePays is reiterating its revenue guidance of $225 million for 2026, supported by continued Lifeline subscriber growth and expansion of prepaid/retail distribution.
Key Highlights
- 1
SurgePays' revenue for the third quarter of 2025 increased by 292% year-over-year, reaching approximately $18.7 million.
- 2
The company's revenue also grew 62% sequentially compared to the previous quarter.
- 3
Torch Wireless, SurgePays’ Lifeline-subsidized brand, experienced revenue growth to $5.6 million with over 125,000 subscribers in Q3 2025.
- 4
LinkUp Mobile, the Company’s affordable prepaid wireless brand, surpassed 95,000 recurring active subscribers by the end of the third quarter.
- 5
Gross Profit loss improved to $(2.6) million, compared to $(7.8) million in Q3 2024.
- 6
SG&A improved to $4.2 million, compared to $6.2 million in Q3 2024, an improvement of 32.5% year-over-year.
- 7
SurgePays reaffirms its 2026 revenue guidance of $225 million.
Management Comments
Brian Cox
“The 2025 third quarter represented an important inflection point for our multi-channel growth platform, which yielded revenue growth of 292% year-over-year and 62% sequentially. Each of our revenue channels are synergistic, not isolated initiatives, that together strengthen with every subscriber, transaction, and retailer added to our ecosystem. We believe our strength lies in our ability to combine cutting-edge technology with a nationwide retail distribution network, bringing telecom and fintech products directly to underserved communities where people live and shop. This powerful combination of technology and retail provides us with a sustainable competitive advantage, positioning us as a long-term leader in a large, total addressable market that is very difficult to replicate. Today, the platform and development of distribution, technology, and new products are well established, and will support higher margin revenue streams for years of sustained growth. This synergy generates recurring revenue, provides competitive advantages that are extremely difficult to replicate, and lays the foundation for significant year-over-year growth.” “As we continue to scale our platform and expand our leadership across the subprime and underserved markets, we are confident in our ability to deliver strong growth and achieve our 2026 revenue guidance of $225 million.”
Informational and educational content only. Not investment advice.