Surgepays Inc
NASDAQ:SURG
Surgepays Inc
SurgePays, Inc. operates as a technology-driven company, which focuses on building a supply chain software platform as an alternative to traditional wholesale supply chain distribution models. The company is headquartered in Bartlett, Tennessee and currently employs 24 full-time employees. The company went IPO on 2007-07-24. The firm offers goods and services direct to convenience stores, bodegas, minimarts, tiendas and other corner stores, providing goods and services primarily to the underbanked community. SurgePays markets its products using a range of marketing mediums, including in-store merchandising and promotions, experiential marketing, sales spiffs and incentives, digital marketing and social media, and internal regional salespeople. SurgePays Blockchain Software is a multi-purpose fintech platform that offers a range of financial products to their underbanked customers. These services include adding real-time credit to prepaid wireless accounts, activating gift cards, loading Visa debit cards, payments and other financial transactions for the underbanked.
SurgePays, Inc. operates as a technology-driven company, which focuses on building a supply chain software platform as an alternative to traditional wholesale supply chain distribution models. The company is headquartered in Bartlett, Tennessee and currently employs 24 full-time employees. The company went IPO on 2007-07-24. The firm offers goods and services direct to convenience stores, bodegas, minimarts, tiendas and other corner stores, providing goods and services primarily to the underbanked community. SurgePays markets its products using a range of marketing mediums, including in-store merchandising and promotions, experiential marketing, sales spiffs and incentives, digital marketing and social media, and internal regional salespeople. SurgePays Blockchain Software is a multi-purpose fintech platform that offers a range of financial products to their underbanked customers. These services include adding real-time credit to prepaid wireless accounts, activating gift cards, loading Visa debit cards, payments and other financial transactions for the underbanked.
Revenue Surge: Q3 2025 revenue reached $18.7 million, up 292% year-over-year and over 62% sequentially, fueled by growth in both MVNO (Torch Wireless) and point-of-sale/prepaid services.
Subscriber Growth: Torch Wireless subscribers grew from 20,000 in June to over 125,000 by quarter's end, with capacity for further expansion.
Profitability Improvements: Gross profit loss narrowed substantially to $2.6 million from $7.8 million a year ago; SG&A expenses fell 32.5% YoY.
Guidance Affirmed: Management reiterated 2026 revenue guidance of $225 million, expressing confidence in continued high growth.
Platform Expansion: SurgePays highlighted strong progress in retail distribution, new software partnerships (e.g., with Corpay), and the launch of a new high-margin data partnerships division.
