SpringBig Holdings (SBIG)
OTHER OTC:SBIG
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SpringBig Holdings
(OTC:SBIG)
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Rating:42Neutral
Price Target:
$0.01
▼(-50.00% Downside)
Action:Upgraded
Date:05/22/26
The score is held down primarily by weak financial performance (sharp revenue decline, ongoing losses, negative equity and debt) and negative lender-related events that elevate solvency and control-risk. Technical indicators also point to weak momentum, while valuation metrics provide limited support given the company’s loss-making profile and no dividend.
Positive Factors
High gross margins
A roughly 70% gross margin reflects attractive SaaS unit economics: revenue covers variable costs and allows operating leverage as subscription scale returns. Sustained high margins support a pathway to profitability and durable cash generation once top-line declines stabilize.
Negative Factors
Sharply declining revenue
A ~31.5% TTM revenue decline signals structural demand or retention issues that undermine SaaS scalability. Persistent top-line contraction erodes operating leverage, limits margin improvement, reduces upsell opportunities, and increases the probability that cash flow gains are temporary.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
A roughly 70% gross margin reflects attractive SaaS unit economics: revenue covers variable costs and allows operating leverage as subscription scale returns. Sustained high margins support a pathway to profitability and durable cash generation once top-line declines stabilize.
Read all positive factors
SpringBig Holdings (SBIG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$448.84K
Dividend YieldN/A
Average Volume (3M)41.08K
Price to Earnings (P/E)―
Beta (1Y)-0.14
Revenue Growth-3.91%
EPS Growth5.31%
CountryUS
Employees67
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.06
Shares Outstanding48,786,934
10 Day Avg. Volume52,406
30 Day Avg. Volume41,080
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.05
Price to Sales (P/S)0.03
P/FCF Ratio1.79
Enterprise Value/Market Cap20.58
Enterprise Value/Revenue0.41
Enterprise Value/Gross Profit0.61
Enterprise Value/Ebitda-7.38
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.06
Revenue Forecast (FY)$24.30M
SpringBig Holdings Business Overview & Revenue Model
Company Description
SpringBig Holdings, Inc. operates a software platform that provides customer loyalty and marketing automation solutions to cannabis retailers and brands in the United States and Canada. The company's platform connects consumers with retailers and ...
How the Company Makes Money
SBIG primarily makes money by selling access to its marketing/CRM software platform to cannabis retailers and brands, typically under recurring subscription arrangements for its SaaS offerings. Revenue is generally driven by fees associated with p...
SpringBig Holdings Earnings Call Summary
Earnings Call Date:Mar 12, 2024
(Q4-2023)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
SpringBig showed resilience in revenue growth and reduced expenses, achieving positive EBITDA in December. However, challenges remain with macroeconomic pressures affecting client budgets and revenue projections. The company's expansion into new markets presents growth opportunities.Positive Updates
Revenue Growth and Expense Reduction
SpringBig reported a 5% year-on-year revenue growth, reaching $28.1 million for fiscal 2023. Operating expenses were reduced by 17% year-on-year for the full year and by 31% in Q4.
Negative Updates
Macroeconomic Challenges and Client Financial Stress
The company faced challenges due to broader macroeconomic concerns affecting marketing budgets and digital spend, leading to financial stress on clients, particularly in the cannabis industry.
Read all updates
Q4-2023 Updates
Positive
Negative
Revenue Growth and Expense Reduction
SpringBig reported a 5% year-on-year revenue growth, reaching $28.1 million for fiscal 2023. Operating expenses were reduced by 17% year-on-year for the full year and by 31% in Q4.
Read all positive updates
Company Guidance
During the SpringBig Q4 2023 earnings call, the company provided guidance for the first quarter and full year of 2024. They expect Q1 revenue to be between $6.4 million and $6.7 million, with an adjusted EBITDA profit ranging from $0.2 million to $0.4 million. For the full year, they anticipate total revenue to be between $29 million and $32 million, representing a 10% year-on-year growth at the midpoint. The projected adjusted EBITDA profit for the year is estimated between $3.5 million and $5.0 million. SpringBig's CEO, Jeffrey Harris, highlighted the company's strong position, with a 5% revenue growth year-on-year and a significant reduction in operating expenses by 31% in Q4. They reported a positive adjusted EBITDA in December, with a Q4 loss of just $200,000 compared to $3.2 million the previous year. The company also secured $8 million in debt financing to bolster their balance sheet and drive future growth initiatives.SpringBig Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.77M | 22.83M | 24.65M | 28.05M | 26.63M | 24.02M |
| Gross Profit | 15.23M | 15.99M | 17.99M | 21.56M | 19.93M | 17.09M |
| EBITDA | -1.25M | -1.36M | 879.00K | -7.30M | -11.55M | -5.58M |
| Net Income | -2.99M | -3.25M | -1.88M | -10.23M | -13.08M | -5.75M |
Balance Sheet | ||||||
| Total Assets | 4.28M | 4.63M | 6.83M | 5.11M | 9.66M | 7.04M |
| Cash, Cash Equivalents and Short-Term Investments | 1.27M | 1.50M | 1.18M | 331.00K | 3.55M | 2.23M |
| Total Debt | 10.07M | 369.00K | 11.28M | 4.68M | 9.05M | 0.00 |
| Total Liabilities | 17.19M | 17.12M | 16.60M | 13.78M | 13.29M | 2.58M |
| Stockholders Equity | -12.91M | -12.49M | -9.77M | -8.67M | -3.63M | 4.46M |
Cash Flow | ||||||
| Free Cash Flow | 184.00K | 321.00K | -1.02M | -4.33M | -14.67M | -8.14M |
| Operating Cash Flow | 218.00K | 361.00K | -953.00K | -3.98M | -14.52M | -7.88M |
| Investing Cash Flow | -34.00K | -40.00K | -64.00K | -351.00K | -413.00K | -374.00K |
| Financing Cash Flow | 0.00 | 0.00 | 1.86M | 1.11M | 16.25M | 38.00K |
SpringBig Holdings Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
38.41
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBIG, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of <0.01, above the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 38.41 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SBIG.
SpringBig Holdings Risk Analysis
SpringBig Holdings disclosed 67 risk factors in its most recent earnings report. SpringBig Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SpringBig Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $793.62M | 83.47 | 16.65% | ― | 18.15% | 331.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $370.42M | ― | -108.85% | ― | -11.42% | -20.07% | |
51 Neutral | $241.79M | -5.64 | -32.73% | ― | 11.07% | 27.51% | |
49 Neutral | $64.24M | 29.02 | 2.62% | ― | -6.00% | -82.74% | |
42 Neutral | $448.84K | -0.16 | 26.07% | ― | -3.91% | 5.31% |
* Technology Sector Average
SBIG
SpringBig Holdings
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SpringBig Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
SpringBig Faces Lender Control Shift and Leadership Changes
Negative
May 21, 2026
SpringBig Holdings, Inc., which conducts its operations through its wholly owned subsidiary SpringBig Inc., had previously issued 2024 Secured Term Notes and 2024 Secured Convertible Notes to institutional investors serving as lead noteholders. Th...
Business Operations and StrategyLegal ProceedingsRegulatory Filings and Compliance
SpringBig Receives Disputed Default Notice From Noteholders
Negative
Apr 28, 2026
On April 21, 2026, despite being current on all payments and with its 2024 Secured Term Notes and 2024 Secured Convertible Notes not maturing until January 2027, SpringBig Holdings, Inc. received a Notice of Default, Reservation of Rights and Noti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.