SpringBig Holdings, Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
SpringBig Holdings, Inc. has an operating margin of -2.4%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -29.7% the prior year.
SpringBig Holdings, Inc.'s revenue declined 12.1% year-over-year, from $28.1M to $24.6M. This contraction results in a growth score of 0/100.
SpringBig Holdings, Inc.'s current ratio of 0.68 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 7/100, which could limit financial flexibility.
While SpringBig Holdings, Inc. generated -$953K in operating cash flow, capex of $64K consumed most of it, leaving -$1.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
SpringBig Holdings, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, SpringBig Holdings, Inc. generates $0.51 in operating cash flow (-$953K OCF vs -$1.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SpringBig Holdings, Inc. earns $-0.3 in operating income for every $1 of interest expense (-$600K vs $2.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows SpringBig Holdings, Inc. (SBIG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Key Financial Metrics
SpringBig Holdings, Inc. generated $24.6M in revenue in fiscal year 2024. This represents a decrease of 12.1% from the prior year.
SpringBig Holdings, Inc.'s EBITDA was -$420K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 94.8% from the prior year.
SpringBig Holdings, Inc. generated -$1.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 76.5% from the prior year.
SpringBig Holdings, Inc. reported -$1.9M in net income in fiscal year 2024. This represents an increase of 81.7% from the prior year.
SpringBig Holdings, Inc. earned $-0.04 per diluted share (EPS) in fiscal year 2024. This represents an increase of 85.7% from the prior year.
SpringBig Holdings, Inc. held $1.2M in cash against $8.4M in long-term debt as of fiscal year 2024.
SpringBig Holdings, Inc. had 46M shares outstanding in fiscal year 2024. This represents an increase of 2.2% from the prior year.
SpringBig Holdings, Inc.'s gross margin was 73.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.9 percentage points from the prior year.
SpringBig Holdings, Inc.'s operating margin was -2.4% in fiscal year 2024, reflecting core business profitability. This is up 27.3 percentage points from the prior year.
SpringBig Holdings, Inc.'s net profit margin was -7.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 28.9 percentage points from the prior year.
SpringBig Holdings, Inc. invested $5.9M in research and development in fiscal year 2024. This represents a decrease of 26.3% from the prior year.
SpringBig Holdings, Inc. invested $64K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 81.8% from the prior year.
SBIG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9M+0.6% | $5.8M+5.8% | $5.5M-3.0% | $5.7M-11.4% | $6.4M+0.4% | $6.4M-5.8% | $6.8M-1.4% | $6.9M |
| Cost of Revenue | $1.7M+15.3% | $1.5M+24.3% | $1.2M-19.9% | $1.5M-12.8% | $1.7M+0.5% | $1.7M-15.1% | $2.0M+26.0% | $1.6M |
| Gross Profit | $4.1M-4.5% | $4.3M+0.6% | $4.3M+3.1% | $4.2M-11.0% | $4.7M+0.4% | $4.7M-1.9% | $4.8M-9.7% | $5.3M |
| R&D Expenses | $1.1M-10.8% | $1.2M-3.0% | $1.3M-4.1% | $1.3M+4.3% | $1.3M-23.8% | $1.7M | N/A | $1.9M |
| SG&A Expenses | $1.6M-39.1% | $2.7M+11.5% | $2.4M+15.8% | $2.1M-11.8% | $2.4M+33.2% | $1.8M-48.2% | $3.4M-18.7% | $4.2M |
| Operating Income | $563K+177.5% | -$726K-70.0% | -$427K-97.7% | -$216K-278.9% | -$57K+79.8% | -$282K+86.9% | -$2.1M+20.2% | -$2.7M |
| Interest Expense | $337K+5.0% | $321K-0.9% | $324K+35.6% | $239K-56.1% | $544K-37.8% | $875K-22.8% | $1.1M+183.3% | $400K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $4K | $0 |
| Net Income | $219K+119.2% | -$1.1M-51.9% | -$751K+31.2% | -$1.1M-68.8% | -$647K-255.2% | $417K+113.0% | -$3.2M-16.7% | -$2.7M |
| EPS (Diluted) | $0.00+100.0% | $-0.020.0% | $-0.02+33.3% | $-0.03-200.0% | $-0.01-200.0% | $0.01+114.3% | $-0.070.0% | $-0.07 |
SBIG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.2M+11.5% | $4.6M-32.7% | $6.9M+0.7% | $6.8M-14.1% | $7.9M-12.5% | $9.1M+77.8% | $5.1M-25.8% | $6.9M |
| Current Assets | $4.7M+13.3% | $4.1M+2.4% | $4.0M+4.5% | $3.9M-18.2% | $4.7M-17.4% | $5.7M+28.7% | $4.4M-21.5% | $5.7M |
| Cash & Equivalents | $1.5M+7.1% | $1.4M+27.3% | $1.1M-6.7% | $1.2M+62.8% | $724K-56.6% | $1.7M+403.9% | $331K+13.0% | $293K |
| 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-31.3% | $3.2M+0.4% | $3.2M+8.9% | $2.9M-23.8% | $3.9M |
| 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+1.1% | $16.4M-4.0% | $17.1M+24.1% | $13.8M+8.1% | $12.7M |
| Current Liabilities | $6.7M-3.8% | $7.0M+15.0% | $6.1M+6.8% | $5.7M | N/A | $7.1M-47.7% | $13.6M+8.3% | $12.5M |
| Long-Term Debt | $9.2M+5.6% | $8.7M+0.2% | $8.7M+4.2% | $8.4M-38.7% | $13.6M+89.4% | $7.2M-46.9% | $13.6M | N/A |
| Total Equity | -$11.0M+3.1% | -$11.3M-9.3% | -$10.4M-6.0% | -$9.8M-15.3% | -$8.5M-5.6% | -$8.0M+7.5% | -$8.7M-47.9% | -$5.9M |
| Retained Earnings | -$40.1M+0.5% | -$40.3M-2.9% | -$39.2M-2.0% | -$38.4M-4.5% | -$36.8M-1.8% | -$36.1M+1.1% | -$36.6M-9.6% | -$33.4M |
SBIG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $163K-25.2% | $218K+353.5% | -$86K-122.6% | $381K+1029.3% | -$41K+97.8% | -$1.9M-269.7% | -$508K+43.9% | -$905K |
| Capital Expenditures | $14K+75.0% | $8K+33.3% | $6K | $0-100.0% | $4K-93.2% | $59K-42.2% | $102K-38.2% | $165K |
| Free Cash Flow | $149K-29.0% | $210K+328.3% | -$92K-124.1% | $381K+946.7% | -$45K+97.7% | -$1.9M-217.5% | -$610K+43.0% | -$1.1M |
| Investing Cash Flow | -$14K-75.0% | -$8K-33.3% | -$6K | $0+100.0% | -$4K+93.2% | -$59K+35.9% | -$92K+45.6% | -$169K |
| Financing Cash Flow | N/A | N/A | N/A | -$49K+94.5% | -$899K-127.5% | $3.3M+413.2% | $638K-0.5% | $641K |
| 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 | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.5%-3.8pp | 74.3%-3.8pp | 78.1%+4.6pp | 73.5%+0.4pp | 73.1%-0.0pp | 73.2%+2.9pp | 70.2%-6.5pp | 76.7% |
| Operating Margin | 9.6%+22.0pp | -12.4%-4.7pp | -7.7%-3.9pp | -3.8%-2.9pp | -0.9%+3.5pp | -4.4%+27.2pp | -31.6%+7.5pp | -39.1% |
| Net Margin | 3.7%+23.3pp | -19.6%-5.9pp | -13.6%+5.6pp | -19.2%-9.1pp | -10.1%-16.6pp | 6.5%+53.7pp | -47.1%-7.3pp | -39.8% |
| 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%-7.9pp | -8.1%-12.7pp | 4.6%+67.3pp | -62.7%-22.9pp | -39.8% |
| Current Ratio | 0.70+0.1 | 0.59-0.1 | 0.67-0.0 | 0.68 | N/A | 0.81+0.5 | 0.33-0.1 | 0.45 |
| Debt-to-Equity | -0.84-0.1 | -0.77+0.1 | -0.84+0.0 | -0.86+0.8 | -1.61-0.7 | -0.90+0.7 | -1.56+0.6 | -2.17 |
| FCF Margin | 2.5%-1.1pp | 3.6%+5.3pp | -1.7%-8.4pp | 6.7%+7.4pp | -0.7%+29.6pp | -30.3%-21.3pp | -9.0%+6.5pp | -15.5% |
Note: Shareholder equity is negative (-$9.8M), 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 (0.68), 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 $24.6M in total revenue for fiscal year 2024. This represents a -12.1% 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 12.1% year-over-year, from $28.1M to $24.6M in fiscal year 2024.
Is SpringBig Holdings, Inc. profitable?
No, SpringBig Holdings, Inc. (SBIG) reported a net income of -$1.9M in fiscal year 2024, with a net profit margin of -7.6%.
What is SpringBig Holdings, Inc.'s earnings per share (EPS)?
SpringBig Holdings, Inc. (SBIG) reported diluted earnings per share of $-0.04 for fiscal year 2024. This represents a 85.7% 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.
What is SpringBig Holdings, Inc.'s EBITDA?
SpringBig Holdings, Inc. (SBIG) had EBITDA of -$420K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does SpringBig Holdings, Inc. have?
As of fiscal year 2024, SpringBig Holdings, Inc. (SBIG) had $1.2M in cash and equivalents against $8.4M in long-term debt.
What is SpringBig Holdings, Inc.'s gross margin?
SpringBig Holdings, Inc. (SBIG) had a gross margin of 73.0% in fiscal year 2024, 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 -2.4% in fiscal year 2024, 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 -7.6% in fiscal year 2024, 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 -$1.0M in free cash flow during fiscal year 2024. This represents a 76.5% 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 -$953K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are SpringBig Holdings, Inc.'s total assets?
SpringBig Holdings, Inc. (SBIG) had $6.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are SpringBig Holdings, Inc.'s capital expenditures?
SpringBig Holdings, Inc. (SBIG) invested $64K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does SpringBig Holdings, Inc. spend on research and development?
SpringBig Holdings, Inc. (SBIG) invested $5.9M in research and development during fiscal year 2024.
How many shares does SpringBig Holdings, Inc. have outstanding?
SpringBig Holdings, Inc. (SBIG) had 46M shares outstanding as of fiscal year 2024.
What is SpringBig Holdings, Inc.'s current ratio?
SpringBig Holdings, Inc. (SBIG) had a current ratio of 0.68 as of fiscal year 2024, 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 -0.86 as of fiscal year 2024, 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 -27.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is SpringBig Holdings, Inc.'s cash runway?
Based on fiscal year 2024 data, SpringBig Holdings, Inc. (SBIG) had $1.2M in cash against an annual operating cash burn of $953K. This gives an estimated cash runway of approximately 15 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is SpringBig Holdings, Inc.'s debt-to-equity ratio negative or unusual?
SpringBig Holdings, Inc. (SBIG) has negative shareholder equity of -$9.8M as of fiscal year 2024, 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 4 out of 9, indicating neutral 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 0.51x, considered low quality (accrual-driven). 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 -0.3x, 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 2 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.