---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-028968"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:01:09.074811+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SpringBig Q2 revenue up 12% to $7.2M; expects breakeven Adjusted EBITDA in Q3

## Summary
- Q2 revenue $7.2M (+12% YoY); subscription revenue +19% YoY; net dollar retention 100%.
- Gross profit $5.7M (79% margin), up 24% YoY; net loss improved to $2.0M from $2.6M.
- Adjusted EBITDA loss narrowed to $1.1M from $3.4M; expects breakeven in Q3 and positive H2 2023.
- H1 revenue $14.4M (+14% YoY); subscription now 79% of total revenue (up from 73%).
- Basic EPS loss $(0.06) on 31.5M weighted avg shares; total shares 40.4M.

## SEC filing metadata
- accession: 0001628280-23-028968
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000162828023028968/0001628280-23-028968-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000162828023028968/wdq-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-028968
- JSON: https://secwatch.observer/filing/0001628280-23-028968.json
- Plain text: https://secwatch.observer/filing/0001628280-23-028968.txt

## Key facts
- Earnings Releases
  SpringBig Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $7.2 million, net income $(2.0) million, EPS $(0.06).
  - Period: second quarter ended June 30, 2023
  - Revenue: $7.2 million
  - Net income: $(2.0) million
  - EPS: $(0.06)
  - Result: reported results
  source text: Adjusted EBITDA during Q3 and to generate positive Adjusted EBITDA for the second half of the fiscal year.” Second Quarter 2023 Financial Highlights: • Revenue increased to $7.2 million, up 12% year-on-year. • Subscription revenue was up 19% year-on-year. • Net dollar retention rate was 100% for the twelve months ended June 30, 2023. • Gross profit was $5.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023028968/0001628280-23-028968-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.