What is SpringBig Holdings, Inc.'s earnings per share (EPS)?

SpringBig Holdings, Inc. (SBIG) reported diluted earnings per share of $-0.07 for fiscal year 2025. This represents a -75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SpringBig Holdings, Inc. Financials

SBIG

Source SEC Filings (10-K/10-Q) Updated Mar 26, 2026 Currency USD FYE March

This page shows SpringBig Holdings, Inc. (SBIG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

SpringBig Holdings, Inc. has an operating margin of -7.6%, meaning the company retains $-8 of operating profit per $100 of revenue. This below-average margin results in a low score of 5/100, suggesting thin profitability after operating expenses. This is down from -2.4% the prior year.

Growth

SpringBig Holdings, Inc.'s revenue declined 7.4% year-over-year, from $24.6M to $22.8M. This contraction results in a growth score of 21/100.

Liquidity

SpringBig Holdings, Inc.'s current ratio of 0.54 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 5/100, which could limit financial flexibility.

Cash Flow

SpringBig Holdings, Inc.'s free cash flow margin of 1.4% results in a low score of 29/100. Capital expenditures of $40K absorb a large share of operating cash flow.

Piotroski F-Score Weak

3/9

SpringBig Holdings, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.11x

For every $1 of reported earnings, SpringBig Holdings, Inc. generates $-0.11 in operating cash flow ($361K OCF vs -$3.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.3x

SpringBig Holdings, Inc. earns $-1.3 in operating income for every $1 of interest expense (-$1.7M vs $1.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$22.8M

YoY-7.4%

SpringBig Holdings, Inc. generated $22.8M in revenue in fiscal year 2025. This represents a decrease of 7.4% from the prior year.

EBITDA

-$1.7M

YoY-293.1%

SpringBig Holdings, Inc.'s EBITDA was -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 293.1% from the prior year.

Net Income

-$3.2M

YoY-73.1%

SpringBig Holdings, Inc. reported -$3.2M in net income in fiscal year 2025. This represents a decrease of 73.1% from the prior year.

EPS (Diluted)

$-0.07

YoY-75.0%

SpringBig Holdings, Inc. earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 75.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$321K

YoY+131.6%

SpringBig Holdings, Inc. generated $321K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 131.6% from the prior year.

Cash & Debt

$1.5M

YoY+27.2%

5Y CAGR-32.2%

SpringBig Holdings, Inc. held $1.5M in cash against $9.2M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

49M

YoY+4.8%

SpringBig Holdings, Inc. had 49M shares outstanding in fiscal year 2025. This represents an increase of 4.8% from the prior year.

Margins & Returns

Gross Margin

70.0%

YoY-3.0pp

SpringBig Holdings, Inc.'s gross margin was 70.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.0 percentage points from the prior year.

Operating Margin

-7.6%

YoY-5.1pp

SpringBig Holdings, Inc.'s operating margin was -7.6% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.

Net Margin

-14.2%

YoY-6.6pp

SpringBig Holdings, Inc.'s net profit margin was -14.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$4.8M

YoY-19.3%

SpringBig Holdings, Inc. invested $4.8M in research and development in fiscal year 2025. This represents a decrease of 19.3% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$40K

YoY-37.5%

SpringBig Holdings, Inc. invested $40K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.5% from the prior year.

SBIG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$22.8M-7.4%	$24.6M-12.1%	$28.1M+5.3%	$26.6M+14.0%	$23.4M	N/A
Cost of Revenue	$6.8M+2.9%	$6.7M+2.6%	$6.5M-3.2%	$6.7M+6.9%	$6.3M	N/A
Gross Profit	$16.0M-11.2%	$18.0M-16.6%	$21.6M+8.2%	$19.9M+16.6%	$17.1M	N/A
R&D Expenses	$4.8M-19.3%	$5.9M-26.3%	$8.0M	N/A	N/A	N/A
SG&A Expenses	$9.1M+13.9%	$8.0M-41.5%	$13.6M+8.6%	$12.5M+149.2%	$5.0M	N/A
Operating Income	-$1.7M-187.7%	-$600K+92.8%	-$8.3M+48.8%	-$16.3M-149.5%	-$6.5M-128888.9%	-$5K
Interest Expense	$1.3M-40.0%	$2.2M-1.7%	$2.2M+136.8%	$949K	$0	N/A
Income Tax	$95K+3066.7%	$3K-25.0%	$4K+33.3%	$3K+50.0%	$2K	N/A
Net Income	-$3.2M-73.1%	-$1.9M+81.7%	-$10.2M+21.7%	-$13.1M-127.4%	-$5.8M-113446.6%	-$5K
EPS (Diluted)	$-0.07-75.0%	$-0.04+85.7%	$-0.28+52.5%	$-0.59-84.4%	$-0.32	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$5.9M+0.6%	$5.8M+5.8%	$5.5M-3.0%	$5.7M-7.4%	$6.1M-4.3%	$6.4M+0.4%	$6.4M-5.8%	$6.8M
Cost of Revenue	$1.7M+15.3%	$1.5M+24.3%	$1.2M-19.9%	$1.5M-11.9%	$1.7M-0.9%	$1.7M+0.5%	$1.7M-15.1%	$2.0M
Gross Profit	$4.1M-4.5%	$4.3M+0.6%	$4.3M+3.1%	$4.2M-5.7%	$4.4M-5.6%	$4.7M+0.4%	$4.7M-1.9%	$4.8M
R&D Expenses	$1.1M-10.8%	$1.2M-3.0%	$1.3M-4.1%	$1.3M-19.2%	$1.6M+29.1%	$1.3M-23.8%	$1.7M	N/A
SG&A Expenses	$1.6M-39.1%	$2.7M+11.5%	$2.4M+15.8%	$2.1M+17.9%	$1.8M-25.2%	$2.4M+33.2%	$1.8M-48.2%	$3.4M
Operating Income	$563K+177.5%	-$726K-70.0%	-$427K-97.7%	-$216K-380.0%	-$45K+21.1%	-$57K+79.8%	-$282K+86.9%	-$2.1M
Interest Expense	$337K+5.0%	$321K-0.9%	$324K+35.6%	$239K-56.5%	$550K+1.1%	$544K-37.8%	$875K-22.8%	$1.1M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$4K
Net Income	$219K+119.2%	-$1.1M-51.9%	-$751K+31.2%	-$1.1M-97.1%	-$554K+14.4%	-$647K-255.2%	$417K+113.0%	-$3.2M
EPS (Diluted)	$0.00+100.0%	$-0.020.0%	$-0.02	N/A	$-0.010.0%	$-0.01-200.0%	$0.01	N/A

SBIG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.6M-32.2%	$6.8M+33.7%	$5.1M-47.1%	$9.7M+37.1%	$7.0M+1068.3%	$603K
Current Assets	$4.2M+8.1%	$3.9M-13.1%	$4.4M-46.3%	$8.3M+26.1%	$6.6M+3433.2%	$186K
Cash & Equivalents	$1.5M+27.2%	$1.2M+256.2%	$331K-90.7%	$3.5M+59.2%	$2.2M-78.7%	$10.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.0M-9.5%	$2.2M-24.9%	$2.9M+2.0%	$2.9M-5.1%	$3.0M	N/A
Goodwill	$17K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.1M+3.1%	$16.6M+20.4%	$13.8M+3.7%	$13.3M+414.1%	$2.6M+129.0%	-$8.9M
Current Liabilities	$7.7M+36.0%	$5.7M-58.2%	$13.6M+38.0%	$9.8M+279.9%	$2.6M+343.3%	$583K
Long-Term Debt	$9.2M+10.4%	$8.4M-38.3%	$13.6M+381.6%	$2.8M	N/A	N/A
Total Equity	-$12.5M-27.8%	-$9.8M-12.6%	-$8.7M-139.1%	-$3.6M-181.4%	$4.5M-53.2%	$9.5M
Retained Earnings	-$41.7M-8.4%	-$38.4M-5.1%	-$36.6M-38.9%	-$26.3M-99.1%	-$13.2M-261057.2%	-$5K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$5.2M+11.5%	$4.6M-32.7%	$6.9M+0.7%	$6.8M-8.8%	$7.5M-5.9%	$7.9M-12.5%	$9.1M+77.8%	$5.1M
Current Assets	$4.7M+13.3%	$4.1M+2.4%	$4.0M+4.5%	$3.9M-12.7%	$4.4M-6.4%	$4.7M-17.4%	$5.7M+28.7%	$4.4M
Cash & Equivalents	$1.5M+7.1%	$1.4M+27.3%	$1.1M-6.7%	$1.2M+39.2%	$847K+17.0%	$724K-56.6%	$1.7M+403.9%	$331K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.1M-0.7%	$2.1M-3.4%	$2.2M0.0%	$2.2M-22.3%	$2.8M-11.7%	$3.2M+0.4%	$3.2M+8.9%	$2.9M
Goodwill	$17K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.1M+1.1%	$16.0M-7.4%	$17.2M+3.8%	$16.6M+1.7%	$16.3M-0.6%	$16.4M-4.0%	$17.1M+24.1%	$13.8M
Current Liabilities	$6.7M-3.8%	$7.0M+15.0%	$6.1M+6.8%	$5.7M-58.6%	$13.7M	N/A	$7.1M-47.7%	$13.6M
Long-Term Debt	$9.2M+5.6%	$8.7M+0.2%	$8.7M+4.2%	$8.4M+8.1%	$7.7M-43.3%	$13.6M+89.4%	$7.2M-46.9%	$13.6M
Total Equity	-$11.0M+3.1%	-$11.3M-9.3%	-$10.4M-6.0%	-$9.8M-10.5%	-$8.8M-4.4%	-$8.5M-5.6%	-$8.0M+7.5%	-$8.7M
Retained Earnings	-$40.1M+0.5%	-$40.3M-2.9%	-$39.2M-2.0%	-$38.4M-2.9%	-$37.3M-1.5%	-$36.8M-1.8%	-$36.1M+1.1%	-$36.6M

SBIG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$361K+137.9%	-$953K+76.0%	-$4.0M+72.6%	-$14.5M-84.1%	-$7.9M-12318650.0%	-$64
Capital Expenditures	$40K-37.5%	$64K-81.8%	$351K+127.9%	$154K-38.9%	$252K	N/A
Free Cash Flow	$321K+131.6%	-$1.0M+76.5%	-$4.3M+70.5%	-$14.7M-80.3%	-$8.1M	N/A
Investing Cash Flow	-$40K+37.5%	-$64K+81.8%	-$351K+15.0%	-$413K-10.4%	-$374K	$0
Financing Cash Flow	$1.9M0.0%	$1.9M+67.7%	$1.1M-93.2%	$16.3M+42663.2%	$38K-79.5%	$186K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$163K-25.2%	$218K+353.5%	-$86K-122.6%	$381K-34.9%	$585K+1526.8%	-$41K+97.8%	-$1.9M-269.7%	-$508K
Capital Expenditures	$14K+75.0%	$8K+33.3%	$6K	$0-100.0%	$1K-75.0%	$4K-93.2%	$59K-42.2%	$102K
Free Cash Flow	$149K-29.0%	$210K+328.3%	-$92K-124.1%	$381K-34.8%	$584K+1397.8%	-$45K+97.7%	-$1.9M-217.5%	-$610K
Investing Cash Flow	-$14K-75.0%	-$8K-33.3%	-$6K	$0+100.0%	-$1K+75.0%	-$4K+93.2%	-$59K+35.9%	-$92K
Financing Cash Flow	N/A	N/A	N/A	-$49K+89.4%	-$461K+48.7%	-$899K-127.5%	$3.3M+413.2%	$638K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SBIG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	70.0%-3.0pp	73.0%-3.9pp	76.9%+2.0pp	74.8%+1.7pp	73.2%	N/A
Operating Margin	-7.6%-5.1pp	-2.4%+27.3pp	-29.7%+31.5pp	-61.2%-33.2pp	-28.0%	N/A
Net Margin	-14.2%-6.6pp	-7.6%+28.9pp	-36.5%+12.6pp	-49.1%-24.5pp	-24.6%	N/A
Return on Equity	N/A	N/A	N/A	N/A	-129.0%-128.9pp	-0.1%
Return on Assets	-70.1%-42.7pp	-27.5%+173.0pp	-200.5%-65.1pp	-135.4%-53.8pp	-81.6%-80.8pp	-0.8%
Current Ratio	0.54-0.1	0.68+0.4	0.33-0.5	0.84-1.7	2.54+2.2	0.32
Debt-to-Equity	-0.74+0.1	-0.86+0.7	-1.56-0.8	-0.78-1.4	0.58+1.5	-0.94
FCF Margin	1.4%+5.5pp	-4.1%+11.3pp	-15.4%+39.7pp	-55.1%-20.3pp	-34.8%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	70.5%-3.8pp	74.3%-3.8pp	78.1%+4.6pp	73.5%+1.4pp	72.2%-1.0pp	73.1%-0.0pp	73.2%+2.9pp	70.2%
Operating Margin	9.6%+22.0pp	-12.4%-4.7pp	-7.7%-3.9pp	-3.8%-3.1pp	-0.7%+0.2pp	-0.9%+3.5pp	-4.4%+27.2pp	-31.6%
Net Margin	3.7%+23.3pp	-19.6%-5.9pp	-13.6%+5.6pp	-19.2%-10.2pp	-9.0%+1.0pp	-10.1%-16.6pp	6.5%+53.7pp	-47.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	4.2%+28.9pp	-24.6%-13.7pp	-10.9%+5.1pp	-16.0%-8.6pp	-7.4%+0.7pp	-8.1%-12.7pp	4.6%+67.3pp	-62.7%
Current Ratio	0.70+0.1	0.59-0.1	0.67-0.0	0.68+0.4	0.32	N/A	0.81+0.5	0.33
Debt-to-Equity	-0.84-0.1	-0.77+0.1	-0.84+0.0	-0.86+0.0	-0.87+0.7	-1.61-0.7	-0.90+0.7	-1.56
FCF Margin	2.5%-1.1pp	3.6%+5.3pp	-1.7%-8.4pp	6.7%-2.8pp	9.5%+10.2pp	-0.7%+29.6pp	-30.3%-21.3pp	-9.0%

Note: Shareholder equity is negative (-$12.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is SpringBig Holdings, Inc.'s annual revenue?

SpringBig Holdings, Inc. (SBIG) reported $22.8M in total revenue for fiscal year 2025. This represents a -7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SpringBig Holdings, Inc.'s revenue growing?

SpringBig Holdings, Inc. (SBIG) revenue declined by 7.4% year-over-year, from $24.6M to $22.8M in fiscal year 2025.

Is SpringBig Holdings, Inc. profitable?

No, SpringBig Holdings, Inc. (SBIG) reported a net income of -$3.2M in fiscal year 2025, with a net profit margin of -14.2%.

What is SpringBig Holdings, Inc.'s EBITDA?

SpringBig Holdings, Inc. (SBIG) had EBITDA of -$1.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SpringBig Holdings, Inc. have?

As of fiscal year 2025, SpringBig Holdings, Inc. (SBIG) had $1.5M in cash and equivalents against $9.2M in long-term debt.

What is SpringBig Holdings, Inc.'s gross margin?

SpringBig Holdings, Inc. (SBIG) had a gross margin of 70.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is SpringBig Holdings, Inc.'s operating margin?

SpringBig Holdings, Inc. (SBIG) had an operating margin of -7.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is SpringBig Holdings, Inc.'s net profit margin?

SpringBig Holdings, Inc. (SBIG) had a net profit margin of -14.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is SpringBig Holdings, Inc.'s free cash flow?

SpringBig Holdings, Inc. (SBIG) generated $321K in free cash flow during fiscal year 2025. This represents a 131.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SpringBig Holdings, Inc.'s operating cash flow?

SpringBig Holdings, Inc. (SBIG) generated $361K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SpringBig Holdings, Inc.'s total assets?

SpringBig Holdings, Inc. (SBIG) had $4.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are SpringBig Holdings, Inc.'s capital expenditures?

SpringBig Holdings, Inc. (SBIG) invested $40K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does SpringBig Holdings, Inc. spend on research and development?

SpringBig Holdings, Inc. (SBIG) invested $4.8M in research and development during fiscal year 2025.

How many shares does SpringBig Holdings, Inc. have outstanding?

SpringBig Holdings, Inc. (SBIG) had 49M shares outstanding as of fiscal year 2025.

What is SpringBig Holdings, Inc.'s current ratio?

SpringBig Holdings, Inc. (SBIG) had a current ratio of 0.54 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is SpringBig Holdings, Inc.'s debt-to-equity ratio?

SpringBig Holdings, Inc. (SBIG) had a debt-to-equity ratio of -0.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SpringBig Holdings, Inc.'s return on assets (ROA)?

SpringBig Holdings, Inc. (SBIG) had a return on assets of -70.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is SpringBig Holdings, Inc.'s debt-to-equity ratio negative or unusual?

SpringBig Holdings, Inc. (SBIG) has negative shareholder equity of -$12.5M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is SpringBig Holdings, Inc.'s Piotroski F-Score?

SpringBig Holdings, Inc. (SBIG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SpringBig Holdings, Inc.'s earnings high quality?

SpringBig Holdings, Inc. (SBIG) has an earnings quality ratio of -0.11x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can SpringBig Holdings, Inc. cover its interest payments?

SpringBig Holdings, Inc. (SBIG) has an interest coverage ratio of -1.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is SpringBig Holdings, Inc.?

SpringBig Holdings, Inc. (SBIG) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.