Filing Flows › SurgePays (SURG) › Q2 2025
SurgePays (SURG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
SurgePays (SURG) reported revenue of $11.5M for the second quarter 2025 (Q2 2025), -24% from a year earlier and +9% from the quarter before. Operating margin was -59.1%, net loss $7.1M (61.5% of revenue).
SurgePays, Q2 2025: revenue $11.5M (-24% year over year), operating margin -59.1%, net loss $7.1M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5M | +9% | -24% |
| Operating profit | −$6.8M | — | — |
| Net earnings | −$7.1M | — | — |
| Operating cash flow | −$6.1M | — | — |
What changed
Revenue was $11.5M in Q2 2025, down 24% year over year and up 9% from the previous quarter. Point-of-Sale and Prepaid Services was the largest line at 80% of revenue. Mobile Virtual Network Operator lost $10.2M year over year (down 82%), 287% of the total change.
Operating costs exceeded revenue by $6.8M, an operating margin of -59.1%. Total costs fell 29% while revenue fell 24%. The quarter ended with a net loss of $7.1M, narrower than the previous quarter's $7.6M loss.
Operating cash flow was −$6.1M. Non-cash charges added back $66K of depreciation and amortization and $155K of share-based compensation. Working capital and other items added $742K.
Questions
What was SurgePays' revenue in the second quarter 2025?
SurgePays (SURG) reported revenue of $11.5M for the second quarter 2025 (Q2 2025), -24% from a year earlier and +9% from the quarter before.
Was SurgePays profitable in the second quarter 2025?
Operating loss was $6.8M (-59.1% of revenue) and net loss $7.1M.
Source: SurgePays 10-Q on SEC EDGAR.