SurgePays achieved a significant revenue increase driven by its Lifeline and prepaid wireless services, though it posted a net loss due to high operating costs.

In Q2 2025, SurgePays grew revenue to $11.5 million, an 8.9% increase over Q1, driven by Torch Wireless and LinkUp Mobile. Despite higher costs and investments in growth initiatives, the company remains on track to achieve positive operating cash flow before year-end. Net loss narrowed compared to the previous year.

SurgePays, Inc. experienced a substantial decline in financial performance for the first quarter of 2025, with revenue decreasing by 66.3% and a net loss of $7.64 million, compared to a net income of $1.22 million in the same period last year. This downturn is largely attributed to the cessation of the Affordable Connectivity Program (ACP) funding, which significantly impacted the Mobile Virtual Network Operator (MVNO) segment. Despite this, the Comprehensive Platform Services segment showed strong growth, and the company is pursuing new strategic initiatives to offset the revenue loss.

SurgePays faced a challenging Q4-24 with revenue of $9.62M and a net loss of $19.81M, reflecting the impact of ACP funding cessation and self-funding decisions. Despite short-term losses, the company is positioning itself for future growth with the national launch of LinkUp Mobile and the completion of its AT&T integration.