Filing Flows › SurgePays (SURG) › Q1 2025
SurgePays (SURG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
SurgePays (SURG) reported revenue of $10.6M for the first quarter 2025 (Q1 2025), -66% from a year earlier and +10% from the quarter before. Operating margin was -71.7%, net loss $7.6M (72.2% of revenue).
SurgePays, Q1 2025: revenue $10.6M (-66% year over year), operating margin -71.7%, net loss $7.6M, operating cash flow −$7.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | +10% | -66% |
| Operating profit | −$7.6M | — | — |
| Net earnings | −$7.6M | — | — |
| Operating cash flow | −$7.0M | — | — |
What changed
Revenue was $10.6M in Q1 2025, down 66% year over year and up 10% from the previous quarter. Comprehensive Platform Services was the largest line at 78% of revenue. Mobile Virtual Network Operators lost $26.6M year over year (down 92%), 128% of the total change.
Operating costs exceeded revenue by $7.6M, an operating margin of -71.7%. Total costs fell 39% while revenue fell 66%. The quarter ended with a net loss of $7.6M, narrower than the previous quarter's $20.0M loss.
Operating cash flow was −$7.0M. Non-cash charges added back $86K of depreciation and amortization. Working capital and other items added $586K.
Questions
What was SurgePays' revenue in the first quarter 2025?
SurgePays (SURG) reported revenue of $10.6M for the first quarter 2025 (Q1 2025), -66% from a year earlier and +10% from the quarter before.
Was SurgePays profitable in the first quarter 2025?
Operating loss was $7.6M (-71.7% of revenue) and net loss $7.6M.
Source: SurgePays 10-Q on SEC EDGAR.