secwatch.observer — SEC 8-K summary
======================================

Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001493152-25-022287
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315225022287/0001493152-25-022287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315225022287/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-022287

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer