SurgePays Reports Q1 2025 Results and Growth Plans

Surgepays Inc ( (SURG) ) has released its Q1 earnings. Here is a breakdown of the information Surgepays Inc presented to its investors.

SurgePays, Inc. is a wireless and fintech company that provides mobile connectivity and financial services to underserved communities, operating as both a mobile virtual network operator (MVNO) and mobile virtual network enabler (MVNE). The company recently reported its first quarter 2025 financial results, highlighting the completion of its integration with AT&T and a nationwide launch that positions it for significant growth. SurgePays shipped over 250,000 SIM cards and secured $6 million in cash to accelerate its expansion efforts. Key financial metrics from the first quarter show a net loss of $7.6 million, a decrease from the previous year’s profit, as the company transitions from a federally funded model. Despite the loss, SurgePays is optimistic about surpassing $200 million in revenue over the next 12 months and achieving positive operating cash flow by year-end. The company continues to focus on scaling its MVNO and POS platforms, which are expected to drive substantial revenue growth and margin expansion.