SurgePays, Inc. reported third quarter 2025 revenue of $18.7 million, a 292% year-over-year increase and 62% sequential growth. The company reaffirmed its 2026 revenue guidance of $225 million. Torch Wireless and LinkUp Mobile were key growth drivers. The company aims to expand to 100,000 retail locations and grow through marketing and data partnerships.

Financially, SurgePays saw a gross profit improvement and SG&A costs decrease in the third quarter. With 20,431,549 shares outstanding, the company remains focused on achieving its revenue goals for 2026. The company’s expansion into data-driven marketing and digital partnerships is expected to drive high-margin revenue streams.

In terms of operations, SurgePays onboarded multiple MVNO partners and focused on expanding its prepaid wireless business. The company’s financial highlights for the third quarter showed a significant increase in net revenue, totaling $18.7 million. The company continues to focus on scaling its platform and driving growth across various revenue channels.

Lastly, SurgePays provided a detailed summary of its consolidated balance sheets, statements of operations, and cash flows for the third quarter of 2025. The company’s financials show a strategic approach to managing costs and driving revenue growth. SurgePays remains committed to its goal of becoming a leader in the wireless and fintech industry, serving underserved communities.

Read more at GlobeNewswire: SurgePays Revenue for the Third Quarter 2025 Increases 292%