Surgepays Inc ( (SURG) ) has released its Q3 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 technology company focused on providing essential mobile and financial services to subprime and underserved communities through its proprietary point-of-sale platform and nationwide retail distribution network. In its latest earnings report, SurgePays announced a significant revenue increase of 292% year-over-year and 62% sequentially for the third quarter of 2025, totaling $18.7 million. The company reiterated its revenue guidance of $225 million for 2026, highlighting its strategic focus on expanding its multi-channel growth platform. Key drivers of SurgePays’ growth include its Torch Wireless and LinkUp Mobile brands, which saw substantial subscriber increases, and its MVNE wholesale business, which onboarded new partners. The company also aims to expand its retail presence to 100,000 locations. Despite the impressive revenue growth, SurgePays reported a net loss of $7.5 million for the quarter, although it showed improvements in gross profit loss and SG&A expenses compared to the previous year. Looking ahead, SurgePays remains confident in its ability to achieve its 2026 revenue targets by continuing to scale its platform and expand its market presence in underserved communities.