#United States #SurgePays #Bartlett #LinkUp Mobile #Torch Wireless

SurgePays Reports Remarkable Growth and Future Projections

On August 13, 2025, SurgePays, Inc. (NASDAQ: SURG), a prominent wireless technology and point-of-sale systems company, revealed its quarterly financial results showcasing an impressive growth trajectory. For the second quarter ending June 30, 2025, SurgePays reported revenues of $11.5 million, marking an 8.9% increase from the previous quarter. Additionally, the company is projecting remarkable revenue guidance for upcoming years, estimating revenues between $75 million and $90 million for 2025 and $225 million to $240 million for 2026. This ambitious outlook is underpinned by a robust surge in subscriber activations, particularly across its Lifeline-subsidized Torch Wireless brand and the MVNO prepaid platform LinkUp Mobile.

Key Drivers of Growth

Brian Cox, the Chairman and CEO of SurgePays, articulated that the company is well-positioned for unprecedented growth, driven by a concerted effort on multiple fronts. Since the beginning of July, SurgePays has experienced a remarkable pace of growth across all business segments. For example, Torch Wireless achieved an impressive milestone by activating 20,000 subscribers in June and ramping this up to 57,000 in July, with expectations of reaching 80,000 to 90,000 monthly activations by September. This rapid increase highlights not only the ongoing momentum from previous initiatives but also an effective strategic overhaul of their infrastructure to optimize subscriber acquisition under the Lifeline program.

Moreover, SurgePays is gaining significant traction in its other business segments. The LinkUp Mobile platform shipped over 250,000 SIM cards, and subscriber activations have more than doubled within a span of just a few months. On top of that, the company's expanding prepaid point-of-sale fintech network is generating recurring revenue through partnerships with over 9,000 retail locations nationwide, paving the way for a dynamic growth model in digital financial services.

Operational Highlights and Financial Overview

The second quarter marked a critical juncture in SurgePays’ operational achievements. Among the highlights were:

• - Completion of a nationwide launch on the AT&T network, coupled with full system integration.
• - A staggering growth in Torch Wireless activations from June to July.
• - Expansion in LinkUp Mobile’s subscriber base, surpassing previous projections with over 30,000 activations recorded since April.
• - Continuous scaling of the prepaid POS fintech network, driving substantial revenue from ongoing transactions.
• - Securing $6 million in financing to fuel growth initiatives further solidified SurgePays’ aspirations in the highly competitive wireless market.

Future Expectations and Strategic Positioning

Looking ahead, SurgePays is optimistic about its revenue forecasts and overall growth strategy. The anticipated revenue ranges set a robust benchmark, aiming for $75-$90 million in 2025 and a staggering $225-$240 million in 2026. This optimism is grounded in strategic partnerships, significant subscriber growth, and the effective expansion of its high-margin wholesale platform.

The company is dedicated to maintaining this growth momentum while ensuring its operational framework remains agile and scalable. With its focus on delivering essential connectivity and financial services to underserved communities, SurgePays firmly positions itself at the forefront of market innovation. This proactive approach, complemented by ongoing enhancements in technology and retail partnerships, promises a bright future as the company moves into 2026 and beyond.

In summary, SurgePays is not just witnessing the fruits of its labor; it is poised to drive significant revenue growth and establish itself as a leading player in the wireless and fintech sectors. With robust operational improvements and strategic foresight, the company is ready to meet the demands of an evolving market landscape.