SURG

Revenue Growth: SurgePays, Inc. reported a third quarter 2025 revenue of approximately $18.7 million, marking a 292% increase year-over-year and a 62% increase sequentially, while reaffirming its 2026 revenue guidance of $225 million.

Key Growth Drivers: The company's growth was significantly driven by its Lifeline-subsidized brand, Torch Wireless, and the launch of LinkUp Mobile, which collectively contributed to a substantial increase in subscriber numbers and revenue.

Operational Highlights: SurgePays aims to expand its retail distribution network to 100,000 locations and has onboarded three MVNO partners, enhancing its high-margin business model and scalability.

Financial Performance: Despite a net revenue increase, the company reported a gross profit loss of $(2.6) million, an improvement from the previous year, and a net loss available to common stockholders of $(7.5) million for the third quarter.

Launch of Free Wireless Program: SurgePays, Inc. has introduced a free wireless program under its LinkUp Mobile brand for households receiving Supplemental Nutrition Assistance Program (SNAP) benefits, offering unlimited talk and text along with 3GB of monthly data for up to five users per household.

Response to Government Uncertainty: The initiative aims to support families facing potential cuts to SNAP benefits due to an ongoing government shutdown, ensuring they maintain communication and access to essential services during this uncertain time.

Commitment to Underserved Communities: CEO Brian Cox emphasized the company's mission to assist underbanked and underserved populations, highlighting the importance of wireless service in everyday life and the need for solutions amid political challenges.

Company Overview: SurgePays, Inc. focuses on connecting underserved communities to mobile and financial services, operating its own wireless brands and expanding into data-driven marketing and digital partnerships to enhance revenue streams.