SurgePays Inc. Reports Mixed Financial Results Amid Growth Projections

SurgePays, Inc., a technology and telecommunications company focused on serving underbanked and underserved communities in the United States, has recently disclosed its financial results for the second quarter of 2025. The company, which operates on the Nasdaq under the ticker symbol SURG, specializes in transforming corner stores and bodegas into tech hubs, offering fintech platforms for financial and prepaid products.

Financial Performance

On August 13, 2025, SurgePays reported its second-quarter earnings, revealing a GAAP EPS of -$0.36, which missed expectations by $0.16. The revenue for the quarter was $11.52 million, falling short of projections by $4.62 million. Despite these misses, the company highlighted significant momentum achieved since the quarter ended, with a sequential revenue increase of approximately 8.9%.

Growth and Future Outlook

In a separate announcement, SurgePays provided updated revenue guidance for the years 2025 and 2026. The company now expects 2025 revenue to range between $75 million and $90 million, up from previous estimates. For 2026, SurgePays anticipates record-breaking results, projecting revenue between $225 million and $240 million. This optimistic outlook is driven by surging subscriber activations across its Lifeline-subsidized Torch brand, the MVNO prepaid platform LinkUp Mobile, an expanding prepaid POS fintech network, and a rapidly scaling MVNE wholesale business.

Market Reaction and Analyst Expectations

Prior to the earnings release, analysts had mixed expectations. On average, two analysts predicted a loss per share of -$0.195 for the quarter, an improvement from the -$0.660 loss per share in the same quarter of the previous year. Revenue estimates for the quarter averaged $16.1 million, marking a 6.96% increase from the $15.1 million reported in the prior year’s quarter.

For the full fiscal year 2025, analysts are projecting an average loss per share of -$0.400, compared to a loss of -$2.390 per share in the previous year. Revenue estimates for the current fiscal year average $94.2 million, up from $60.9 million in the prior year.

Company Overview

SurgePays, Inc. operates in the Communication Services sector, specifically within the Media industry. The company’s mission is to bridge the gap in technology and financial services for underbanked and underserved neighborhoods by leveraging its fintech platforms. As of August 11, 2025, SurgePays’ stock closed at $2.91, with a market capitalization of approximately $59.4 million. The stock has experienced a 52-week range, with a high of $3.47 on April 24, 2025, and a low of $1.049 on March 3, 2025.

As SurgePays continues to expand its services and scale its operations, the company remains focused on achieving its ambitious growth targets and enhancing its offerings to better serve its target communities.