SpringBig Holdings Inc Financials

SBIGW

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows SpringBig Holdings Inc (SBIGW) 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).

Financial Health Signals

Financial Profile 2/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

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.

Growth

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.

Liquidity

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.

Cash Flow

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.

Piotroski F-Score Neutral

4/9

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.

Earnings Quality Low Quality

0.51x

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.

Interest Coverage At Risk

-0.3x

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.

Key Financial Metrics

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Revenue

$24.6M

YoY-12.1%

SpringBig Holdings Inc generated $24.6M in revenue in fiscal year 2024. This represents a decrease of 12.1% from the prior year.

EBITDA

-$420K

YoY+94.8%

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.

Free Cash Flow

-$1.0M

YoY+76.5%

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.

Net Income

-$1.9M

YoY+81.7%

SpringBig Holdings Inc reported -$1.9M in net income in fiscal year 2024. This represents an increase of 81.7% from the prior year.

EPS (Diluted)

$-0.04

YoY+85.7%

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.

Cash & Debt

$1.2M

YoY+256.2%

SpringBig Holdings Inc held $1.2M in cash against $8.4M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

46M

YoY+2.2%

SpringBig Holdings Inc had 46M shares outstanding in fiscal year 2024. This represents an increase of 2.2% from the prior year.

Gross Margin

73.0%

YoY-3.9pp

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.

Operating Margin

-2.4%

YoY+27.3pp

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.

Net Margin

-7.6%

YoY+28.9pp

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.

Return on Equity

N/A

R&D Spending

$5.9M

YoY-26.3%

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.

Share Buybacks

N/A

Capital Expenditures

$64K

YoY-81.8%

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.

SBIGW Income Statement

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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
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+33.3%	$-0.03-200.0%	$-0.010.0%	$-0.01-200.0%	$0.01+114.3%	$-0.07

SBIGW Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.8M+33.7%	$5.1M-47.1%	$9.7M+37.1%	$7.0M+1068.3%	$603K
Current Assets	$3.9M-13.1%	$4.4M-46.3%	$8.3M+26.1%	$6.6M+3433.2%	$186K
Cash & Equivalents	$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
Accounts Receivable	$2.2M-24.9%	$2.9M+2.0%	$2.9M-5.1%	$3.0M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$16.6M+20.4%	$13.8M+3.7%	$13.3M+414.1%	$2.6M+129.0%	-$8.9M
Current Liabilities	$5.7M-58.2%	$13.6M+38.0%	$9.8M+279.9%	$2.6M+343.3%	$583K
Long-Term Debt	$8.4M-38.3%	$13.6M+381.6%	$2.8M	N/A	N/A
Total Equity	-$9.8M-12.6%	-$8.7M-139.1%	-$3.6M-181.4%	$4.5M-53.2%	$9.5M
Retained Earnings	-$38.4M-5.1%	-$36.6M-38.9%	-$26.3M-99.1%	-$13.2M-261057.2%	-$5K

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
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

SBIGW Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$953K+76.0%	-$4.0M+72.6%	-$14.5M-84.1%	-$7.9M-12318650.0%	-$64
Capital Expenditures	$64K-81.8%	$351K+127.9%	$154K-38.9%	$252K	N/A
Free Cash Flow	-$1.0M+76.5%	-$4.3M+70.5%	-$14.7M-80.3%	-$8.1M	N/A
Investing Cash Flow	-$64K+81.8%	-$351K+15.0%	-$413K-10.4%	-$374K	$0
Financing Cash Flow	$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
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
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

SBIGW Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	73.0%-3.9pp	76.9%+2.0pp	74.8%+1.7pp	73.2%	N/A
Operating Margin	-2.4%+27.3pp	-29.7%+31.5pp	-61.2%-33.2pp	-28.0%	N/A
Net Margin	-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	N/A
Return on Assets	-27.5%+173.0pp	-200.5%-65.1pp	-135.4%-53.8pp	-81.6%-80.8pp	-0.8%
Current Ratio	0.68+0.4	0.33-0.5	0.84-1.7	2.54+2.2	0.32
Debt-to-Equity	-0.86+0.7	-1.56-0.8	-0.78-1.4	0.58+1.5	-0.94
FCF Margin	-4.1%+11.3pp	-15.4%+39.7pp	-55.1%-20.3pp	-34.8%	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
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 (-$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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) invested $5.9M in research and development during fiscal year 2024.

How many shares does SpringBig Holdings Inc have outstanding?

SpringBig Holdings Inc (SBIGW) had 46M shares outstanding as of fiscal year 2024.

What is SpringBig Holdings Inc's current ratio?

SpringBig Holdings Inc (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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 (SBIGW) 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.