# SPRINGBIG HOLDINGS, INC. (SBIG) · Edgar & Edgarette company card

> Springbig Holdings (SBIG) saw revenue fall 7.4% in FY2025 to $23 million, operating margin -7.6% against a 5.7% median for computer programming services, equity -270% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1801602 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SBIG) · [JSON](https://www.pops4.com/boards/company/SBIG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $23M |
| Revenue growth, 1 year | -7.4% |
| Revenue growth per year | -0.6% |
| Operating margin | -7.6% (prior year -2.4%) |
| Net margin | -14.2% |
| Operating cash flow | $361,000 |
| Capital spending | $40,000 |
| Free cash flow | $321,000 |
| Cash | $2M |
| Long-term debt | $9M |
| Total assets | $5M |
| Total equity | −$12M |
| Equity ÷ assets | -269.8% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -37.64 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -6.8 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed debt accelerated or triggered, late quarterly report notice, auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating loss: a margin of -7.6% in FY2025; revenue is hard to predict: its 80% range is ±42%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $22.8M (FY2025), total debt $9.2M. Experience: revenue down 7.4% on the year, down 0.6% a year over 4 years; operating margin -7.6%, down from -2.4%. Soundness: equity -269.8% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $13.4M and $32.8M next year (method v4.1: its own 4-year record of growth weighed at 50% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $12.6M to $34.9M. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, services-computer programming services): operating margin -7.6% against a 5.7% median; growth -7.4% against 6.7%.

Range logged 2026-09-24, receipt fb5091a69362b8a8, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.04 Debt accelerated or triggered: 2, latest 2026-05-21 ([filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026060149/0001213900-26-060149-index.htm))
- Item NT 10-Q Late quarterly report notice: 1, latest 2026-08-17 ([filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026090535/0001213900-26-090535-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-08-19 ([filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026091652/0001213900-26-091652-index.htm))
- Item 5.02 Director or officer change: 9, latest 2026-09-17 ([filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026101011/0001213900-26-101011-index.htm))

## Recent filings

- 8-K · filed 2026-09-17 · 3.03 Material Modifications to Rights of Security Holders; 5.02 Departure or Election of Directors; Appointment of Officers; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026101011/0001213900-26-101011-index.htm)
- 10-Q · filed 2026-08-19 · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026091690/0001213900-26-091690-index.htm)
- 8-K · filed 2026-08-19 · 4.01 Changes in Registrant's Certifying Accountant · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026091652/0001213900-26-091652-index.htm)
- 8-K · filed 2026-08-06 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026086182/0001213900-26-086182-index.htm)
- 8-K · filed 2026-07-29 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026082692/0001213900-26-082692-index.htm)
- 8-K · filed 2026-07-16 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001801602.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1801602

## Cite

POPS4, Edgar & Edgarette: SPRINGBIG HOLDINGS, INC. (SBIG) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SBIG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.