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Surgepays (SURG) investor relations material
Surgepays Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Q3 2025 revenue reached $18.7 million, up 292% year-over-year and 62% sequentially, driven by Lifeline program expansion, prepaid services growth, and strong execution across synergistic revenue channels.
Net loss for Q3 2025 was $7.5 million, an improvement from $14.3 million in Q3 2024.
The business leverages technology and a nationwide retail network to deliver telecom and fintech products to underserved communities.
The company shifted focus to Lifeline and prepaid services after discontinuing the lead generation segment.
The foundation for high-margin, recurring revenue streams is established, supporting sustained growth.
Financial highlights
Q3 2025 revenue was $18.7 million, up 292% year-over-year, with gross profit loss narrowing to $2.6 million from $7.8 million.
SG&A expenses decreased 32.5% to $4.2 million, primarily due to lower contractor and compensation costs.
Net loss for Q3 2025 was $7.5 million, or $(0.38) per share, improved from $(0.73) in Q3 2024.
Cash and equivalents were $2.5 million as of September 30, 2025, down from $11.8 million or $12.8 million at year-end 2024.
Accumulated deficit reached $83.1 million and stockholders’ deficit was $6.4 million at quarter-end.
Outlook and guidance
2026 revenue guidance reaffirmed at $225 million, driven by scalable technology, expanding distribution, and new product launches.
Expect gross margin in point of sale and prepaid services to turn positive by end of 2025.
MVNO segment gross margins anticipated to improve and return to positive results.
Management plans to expand Lifeline into new states, grow MVNO and MVNE platforms, and increase ClearLine POS deployments.
The company does not have sufficient cash to meet obligations for more than one year and is exploring additional funding options.
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Frequently asked questions
Surgepays Inc. is a financial technology and telecommunications company focused on providing prepaid financial services and products to underserved communities. The company operates a digital platform that facilitates transactions for prepaid wireless services, financial services, and utility payments, catering primarily to unbanked and underbanked consumers. Surgepays partners with convenience stores, wireless retailers, and independent sales organizations to deliver its products through a nationwide distribution network. Its offerings also include software solutions to streamline operations for its retail partners. The company is headquartered in Bartlett, Tennessee, and its shares are listed on the NASDAQ.
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