SpringBig Holdings, Inc. Financials
SpringBig Holdings, Inc. (SBIG) reported $22.8M in revenue for fiscal year 2025, down 7.4% from the prior fiscal year. This page shows its 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).
High-gross-margin economics are nearing cash breakeven, but the company still operates on a liability-heavy balance sheet.
In the latest year, cash conversion flipped: the company produced$321K of free cash flow despite a-$3.2M net loss. Because FY2024 still burned cash on a smaller loss, the income statement is currently painting a harsher picture than the cash flow statement, even while liabilities still exceed assets by more than$12.0M .
Gross margin near
The balance sheet is still liability-funded: the current ratio is 0.5x and cash is only
Financial Health Signals
SpringBig Holdings, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
SpringBig Holdings, Inc. scores -9.81, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($249K) relative to total liabilities ($17.1M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
SpringBig Holdings, Inc. reported a net loss of $3.2M while generating $361K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
SpringBig Holdings, Inc. reported an operating loss of $1.7M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
SpringBig Holdings, Inc. generated $22.8M in revenue in fiscal year 2025. This represents a decrease of 7.4% from the prior year.
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.
SpringBig Holdings, Inc. reported -$3.2M in net income in fiscal year 2025. This represents a decrease of 73.1% from the prior year.
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
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.
SpringBig Holdings, Inc. held $1.5M in cash against $9.2M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
SBIG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $21.4M | $22.8M-7.4% | $24.6M-12.1% | $28.1M+5.3% | $26.6M+14.0% | $23.4M | N/A |
| Cost of Revenue | $7.6M | $6.8M+2.9% | $6.7M+2.6% | $6.5M-3.2% | $6.7M+6.9% | $6.3M | N/A |
| Gross Profit | $13.8M | $16.0M-11.2% | $18.0M-16.6% | $21.6M+8.2% | $19.9M+16.6% | $17.1M | N/A |
| R&D Expenses | $4.5M | $4.8M-19.3% | $5.9M-26.3% | $8.0M | N/A | N/A | N/A |
| SG&A Expenses | $6.9M | $9.1M+13.9% | $8.0M-41.5% | $13.6M+8.6% | $12.5M+149.2% | $5.0M | N/A |
| Operating Income | -$731K | -$1.7M-187.7% | -$600K+92.8% | -$8.3M+48.8% | -$16.3M-149.5% | -$6.5M-128888.9% | -$5K |
| Interest Expense | $3.4M | $1.3M-40.0% | $2.2M-1.7% | $2.2M+136.8% | $949K | $0 | N/A |
| Income Tax | N/A | $95K+3066.7% | $3K-25.0% | $4K+33.3% | $3K+50.0% | $2K | N/A |
| Net Income | -$4.2M | -$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 | -$0.59-84.4% | -$0.32 | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SBIG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 | N/A |
| Accounts Receivable | $2.0M-9.5% | $2.2M+0.6% | $2.2M-23.8% | $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 |
Not reported in any period shown, so not listed: Inventory.
SBIG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.0M | $361K+137.9% | -$953K+76.0% | -$4.0M+72.6% | -$14.5M-84.1% | -$7.9M-12318650.0% | -$64 |
| Capital Expenditures | N/A | $40K-37.5% | $64K-81.8% | $351K+127.9% | $154K-38.9% | $252K | N/A |
| Free Cash Flow | N/A | $321K+131.6% | -$1.0M+76.5% | -$4.3M+70.5% | -$14.7M-80.3% | -$8.1M | N/A |
| Investing Cash Flow | N/A | -$40K+37.5% | -$64K+81.8% | -$351K+15.0% | -$413K-10.4% | -$374K | $0 |
| Financing Cash Flow | N/A | N/A | $1.9M+67.7% | $1.1M-93.2% | $16.3M+42663.2% | $38K-79.5% | $186K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SBIG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| 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 | 0.54-0.1x | 0.68+0.4x | 0.33-0.5x | 0.84-1.7x | 2.54+2.2x | 0.32 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.58 | N/A |
| FCF Margin | 1.4%+5.5pp | -4.1%+11.3pp | -15.4%+39.7pp | -55.1%-20.3pp | -34.8% | N/A |
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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Where SpringBig Holdings, Inc. Ranks
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.
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 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 not reported?
SpringBig Holdings, Inc. (SBIG) has negative shareholder equity of -$12.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
SpringBig Holdings, Inc. (SBIG) has an Altman Z-Score of -9.81, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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) reported a net loss of $3.2M while generating $361K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $1.7M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.