SurgePays Q3 2025 revenue $18.7M (+292% YoY); reiterates 2026 guidance of $225M

SurgePays, Inc.

2025-Q3 EPS reported -$1.11 revenue$40,775,913

Q3 2025 revenue $18.7M, up 292% YoY from $4.8M and 62% sequentially.
Gross loss improved to $(2.6M) from $(7.8M) in Q3 2024; SG&A down 32.5% to $4.2M.
Torch Wireless revenue $5.6M with 125k subscribers; LinkUp Mobile surpassed 95k subscribers.
Reiterates 2026 revenue guidance of $225M, supported by Lifeline, prepaid, MVNE, and ClearLine.
Conference call at 5:00 p.m. ET; shares outstanding 20,431,549 as of Nov 10.

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