Revenue: As of FY2025 Q3, the actual value is USD 18.68 M, beating the estimate of USD 18.12 M.EPS: As of FY2025 Q3, the actual value is USD -0.38, missing the estimate of USD -0.145.EBIT: As of FY2025 Q3, the actual value is USD -6.525 M.<h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>Third Quarter 2025 Revenue: $18.7 million, an increase of 292% year-over-year and 62% sequentially.</li></ul><h4>Operational Metrics</h4><ul><li>Net Revenue: $18.7 million in Q3 2025, compared to $4.8 million in Q3 2024, an increase of 292% year-over-year and 62% sequentially.</li><li>Gross Profit Loss: Improved to - $2.6 million, compared to - $7.8 million in Q3 2024.</li><li>SG&amp;A: Improved to $4.2 million, compared to $6.2 million in Q3 2024, an improvement of 32.5% year-over-year.</li><li>Net Loss: - $7.5 million in Q3 2025, compared to - $14.3 million in Q3 2024.</li><li>Loss from Operations: - $6.95 million in Q3 2025, compared to - $14.3 million in Q3 2024.</li></ul><h4>Cash Flow</h4><ul><li>Operating Cash Flow: - $17.7 million for the nine months ended September 30, 2025, compared to - $13.4 million for the same period in 2024.</li><li>Investing Cash Flow: - $18,590 for the nine months ended September 30, 2025, compared to - $10.6 million for the same period in 2024.</li><li>Financing Cash Flow: $7.5 million for the nine months ended September 30, 2025, compared to $23 million for the same period in 2024.</li></ul><h4>Unique Metrics</h4><ul><li>Torch Wireless Revenue: $5.6 million in Q3 2025, with over 125,000 subscribers.</li><li>LinkUp Mobile Subscribers: Surpassed 95,000 recurring active subscribers by the end of Q3 2025.</li></ul><h4>Outlook / Guidance</h4><ul><li>2026 Revenue Guidance: SurgePays reaffirms its 2026 revenue guidance of $225 million, supported by continued Lifeline subscriber growth, expansion of prepaid/retail distribution, additional MVNE partners, and ClearLine monetization.</li></ul>

SurgePays | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 18.68 M