SurgePays Earnings Call Transcripts
Fiscal Year 2026
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The meeting established a quorum, elected all director nominees, ratified the auditor, and approved major securities purchase agreements. No questions were submitted by stockholders during the Q&A segment.
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Revenue rose 51% year-over-year to $16M, driven by prepaid and point-of-sale growth, while cost discipline reduced G&A expenses by 25%. Subscriber lines surpassed 200,000, and new monetization channels and wholesale partnerships are set to drive further growth.
Fiscal Year 2025
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2025 revenue reached $57M, with improved cost discipline and a diversified business model. LinkUp Mobile is poised to drive growth in 2026, supported by a stronger foundation and multiple revenue streams.
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Q3 2025 saw revenue surge 292% year-over-year to $18.7 million, driven by growth in subsidized and prepaid wireless services, with narrowing losses and improved margins. The company is confident in its $225 million 2026 revenue guidance, supported by new partnerships and data monetization initiatives.
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Q2 2025 revenue grew 8.9% sequentially to $11.5M, driven by strong Lifeline and prepaid activations. Guidance for 2025 is $75–$90M, with focus on high-margin states and expanded retail distribution. Losses narrowed year-over-year as the business transitions from ACP.
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Serving the fast-growing U.S. prepaid wireless market, the company is rapidly expanding its retail footprint and subscriber base, leveraging multiple revenue channels and a direct AT&T contract. Strong subscriber growth and diversified income streams support confidence in achieving cash flow positivity by late 2025.
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A scalable, de-risked model targets the growing prepaid market, leveraging a proprietary distribution network and multiple synergistic verticals. Revenue is rapidly increasing, supported by technology integration, direct carrier contracts, and a seasoned leadership team.
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Q1 2025 revenue fell sharply year-over-year due to the end of ACP funding, but platform service revenue surged. Strategic financing and new partnerships, including a major AT&T deal, position the company for high-margin growth and a return to positive cash flow by year-end.
Fiscal Year 2024
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Revenue fell 56% in 2024 due to the ACP shutdown, but platform services and POS revenue grew. A new AT&T partnership and nationwide LinkUp Mobile launch are set to drive over $200 million in revenue over the next 12 months, with a return to positive cash flow expected.
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Q3 2024 saw a sharp revenue decline due to the end of ACP funding, but platform services grew 69% year-over-year. Rapid Lifeline migration and a major LinkUp Mobile launch are expected to drive a return to cash flow break-even and strong recurring revenue growth.
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Revenue dropped 58% year-over-year due to the end of ACP funding, resulting in a $12.9M net loss and negative gross profit. The company is transitioning to non-subsidized models, launching new products, and aims for positive free cash flow by year-end.