Surgepays Inc ( (SURG) ) has released its Q2 earnings. Here is a breakdown of the information Surgepays Inc presented to its investors.
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SurgePays, Inc. is a wireless and fintech company that focuses on providing mobile connectivity and financial services to underserved communities, operating as both a mobile virtual network operator (MVNO) and mobile virtual network enabler (MVNE).
In its latest earnings report, SurgePays announced a sequential revenue increase of 8.9% for the second quarter of 2025, reaching $11.5 million. The company also provided updated revenue guidance for 2025 and 2026, projecting significant growth driven by its expanding subscriber base and business verticals.
Key highlights from the report include the rapid growth of the Torch Wireless brand, which saw a substantial increase in subscriber activations, and the expansion of the LinkUp Mobile prepaid platform. Additionally, the company’s prepaid POS fintech network and MVNE wholesale business are contributing to its growth trajectory, with new distribution partnerships and technology integrations enhancing its market reach.
Looking ahead, SurgePays has set ambitious revenue targets of $75 million to $90 million for 2025 and $225 million to $240 million for 2026. The company is confident in its growth potential, supported by its scalable infrastructure and strategic investments, positioning it for a record-breaking performance in the coming years.