Fintech firm SurgePays' Q3 revenue misses estimates

Surgepays

12/11/2025 14:28

Overview

SurgePays Q3 revenue grows 292% yr/yr but misses analyst expectations

Company reiterates 2026 revenue guidance of $225 mln

Torch Wireless drives Q3 growth with revenue reaching $5.6 mln

Outlook

SurgePays reiterates 2026 revenue guidance of $225 mln

Company expects growth from Lifeline subscribers and prepaid distribution

Result Drivers

TORCH WIRELESS - Lifeline-subsidized brand drives Q3 growth with revenue reaching $5.6 mln and over 125,000 subscribers

LINKUP MOBILE - Affordable prepaid wireless brand surpasses 95,000 subscribers by end of Q3, driven by expanded retail distribution and competitive pricing

RETAIL EXPANSION - SurgePays aims to expand to 100,000 retail locations, leveraging organic growth and new distribution agreements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$18.70 mln
$24.80 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Surgepays Inc is $9.50, about 70% above its November 11 closing price of $2.85

Press Release: ID:nGNXc0Tn4J

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)