{"id":951356,"date":"2026-04-14T16:10:58","date_gmt":"2026-04-14T20:10:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/surgepays-reports-full-year-2025-results-and-highlights-scalable-growth-model-with-improved-cost-structure-entering-2026\/"},"modified":"2026-04-14T16:10:58","modified_gmt":"2026-04-14T20:10:58","slug":"surgepays-reports-full-year-2025-results-and-highlights-scalable-growth-model-with-improved-cost-structure-entering-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/surgepays-reports-full-year-2025-results-and-highlights-scalable-growth-model-with-improved-cost-structure-entering-2026\/","title":{"rendered":"SurgePays Reports Full Year 2025 Results and Highlights Scalable Growth Model with Improved Cost Structure Entering 2026"},"content":{"rendered":"

\nReduced Cash Burn and Expansion Across Multiple Revenue Channels Support a More Efficient Growth Model
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BARTLETT, Tenn., April 14, 2026 (GLOBE NEWSWIRE) — SurgePays, Inc.<\/strong> (NASDAQ: SURG) (\u201cSurgePays\u201d or the \u201cCompany\u201d), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today reported its financial results for the year ended December 31, 2025.<\/p>\n

Brian Cox, President and CEO of SurgePays, stated, \u201c2025 was a year where we demonstrated the scalability of our platform and repositioned the business for more disciplined growth. We delivered steady sequential revenue growth through the first three quarters, increasing from approximately $10.6 million in Q1 to $11.5 million in Q2, and reaching $18.7 million in Q3. That third quarter demonstrated how quickly we can scale when capital is deployed into subscriber growth.\u201d<\/p>\n

Mr. Cox continued, \u201cIn Q3, we deployed capital into subscriber acquisition and saw a clear step-function increase in revenue. In Q4, we reduced that level of spend to prioritize capital efficiency. While revenue declined sequentially from Q3, it remained significantly higher than the fourth quarter of 2024. The key takeaway is that we have demonstrated both the ability to scale and discipline to manage that growth.\u201d<\/p>\n

\u201cEqually important, we materially improved our cost structure. Total general and administrative expenses declined to approximately $20.1 million in 2025 from $27.5 million in 2024. Q4 included items that are not indicative of our current operating run rate, including legal and certain non-cash expenses. Since year end, we have taken additional actions to reduce operating expenses. Based on those actions, we estimate our current monthly cash burn at the end of the first quarter of 2026 to be approximately $250,000 to $300,000.\u201d<\/p>\n

Mr. Cox added, \u201cToday, SurgePays is operating with multiple revenue channels, including government-subsidized wireless, LinkUp Mobile prepaid, wholesale MVNE relationships, and our point-of-sale fintech and data platforms. We are no longer dependent on a single program. With an established retail footprint of more than 9,000 locations, a customer acquisition engine through ProgramBenefits.com, and additional monetization initiatives such as our Managed Marketing Services platform, we are positioned to grow in a more controlled and capital efficient way.\u201d<\/p>\n

\n Full Year 2025 Operational Highlights:<\/strong>\n <\/p>\n