The earnings call presented a balanced view of SurgePays' current position. While there were notable achievements such as strategic partnerships, new product launches, and significant revenue growth in platform services, these were countered by substantial revenue declines and increased losses attributed to the cessation of federal ACP funding.

Company Guidance -

Q2 2025

During the first quarter of 2025 earnings call, SurgePays provided guidance that highlights significant growth projections and strategic initiatives. The company is targeting $200 million in revenue for the 12-month period leading up to April 1, 2025, and expects to exit the year with positive operating cash flow. SurgePays has launched a multi-year partnership with AT&T, resulting in the shipment of over 210,000 SIM cards and a further 290,000 in inventory, with an additional 250,000 SIMs expected by the end of May. The company operates a robust retail network of over 9,000 stores and aims to expand to 100,000 locations. As a Mobile Virtual Network Enabler (MVNE), SurgePays has onboarded three MVNOs and has two more in the pipeline, aiming to serve hundreds of thousands of subscribers. This is part of a high-margin, recurring revenue model. The company recently secured $6 million in financing from Cable Car with a 24-month convertible note, providing financial flexibility to achieve its growth objectives. SurgePays anticipates being cash flow positive by December 2025.

Strategic Partnership with AT&T

SurgePays launched a multi-year partnership with AT&T, completing full integration, including network migration and SIM activation rollout in less than six months.

Launch of New Phone in a Box Concept

The new Phone in a Box concept sold out 2,600 units in under 30 days, indicating strong market demand and paving the way for exponential growth.

Significant Inventory and Distribution Expansion

SurgePays has shipped over 210,000 SIM cards, with 250,000 more arriving soon, supporting both retail and wholesale channels through a network of over 9,000 stores.

Growth in Platform Service Revenue

Platform service revenue grew significantly to $8.3 million in Q1 2025 from $2.5 million in Q1 2024.

Non-Dilutive Financing Secured

Secured $6 million in non-dilutive financing from Cable Car, providing a long runway for growth with a 15% interest rate and a 24-month maturity.

Promotion of Derron Winfrey

Derron Winfrey was promoted to President of Sales and Operations, leveraging his experience to drive growth and operations.

SurgePays (SURG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SURG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 20, 2025	2025 (Q2)	-0.20 / -	-0.66	―	―	―
May 13, 2025	2025 (Q1)	-0.35 / -0.38	0.07	-642.86% (-0.45)	―
Mar 25, 2025	2024 (Q4)	-0.25 / -1.07	0.18	-694.44% (-1.25)	―
Nov 12, 2024	2024 (Q3)	-0.27 / -0.73	0.49	-248.98% (-1.22)	―
Aug 13, 2024	2024 (Q2)	-0.11 / -0.66	0.4	-265.00% (-1.06)	―
May 13, 2024	2024 (Q1)	0.15 / 0.07	0.31	-77.42% (-0.24)	―
Mar 12, 2024	2023 (Q4)	0.41 / 0.18	0.24	-25.00% (-0.06)	―
Nov 14, 2023	2023 (Q3)	0.28 / 0.49	-0.12	508.33% (+0.61)	―
Aug 10, 2023	2023 (Q2)	0.15 / 0.40	-0.07	671.43% (+0.47)	―
May 11, 2023	2023 (Q1)	-0.03 / 0.31	-0.1	410.00% (+0.41)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SURG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2025	$3.36	$2.53	-24.70%
Mar 25, 2025	$1.38	$2.35	+70.29%
Nov 12, 2024	$1.70	$1.71	+0.59%
Aug 13, 2024	$2.72	$1.99	-26.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Surgepays Inc (SURG) report earnings?

Surgepays Inc (SURG) is schdueled to report earning on Aug 20, 2025, TBA (Confirmed).

What is Surgepays Inc (SURG) earnings time?

Surgepays Inc (SURG) earnings time is at Aug 20, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SURG EPS forecast?

SURG EPS forecast for the fiscal quarter 2025 (Q2) is -0.2.

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