---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-038680"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:20:59.159596+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SpringBig Q3 revenue down 5% to $6.9M; subscription up 13%, Adjusted EBITDA loss narrows to $0.9M

## Summary
- Q3 revenue $6.9M (-5% YoY); subscription revenue up 13% YoY (81% of total YTD).
- Gross profit $5.2M (77% margin); net loss $(2.7)M vs $(3.1)M prior year.
- Adjusted EBITDA loss $(0.9)M vs $(3.4)M prior year, a 73% improvement.
- Nine months revenue $21.3M (+7% YoY); net loss $(7.0)M vs $(8.5)M prior year.
- Management expects to achieve positive Adjusted EBITDA in Q4 2023.

## SEC filing metadata
- accession: 0001628280-23-038680
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/wdq-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-038680
- JSON: https://secwatch.observer/filing/0001628280-23-038680.json
- Plain text: https://secwatch.observer/filing/0001628280-23-038680.txt

## Key facts
- Earnings Releases
  SpringBig Holdings, Inc. reported nine-month period ended September 30, 2023 results: revenue $21.3 million, net income $(7.0) million. Guidance reaffirmed.
  - Period: nine-month period ended September 30, 2023
  - Revenue: $21.3 million
  - Net income: $(7.0) million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: shares outstanding. Total shares outstanding as of September 30, 2023, were 43.5 million. Nine Months Ended September 30, 2023 Financial Highlights: ● Revenue increased to $21.3 million, an increase of 7% from the prior year. ● Subscription revenue was $17.2 million, a year-on-year increase of 19%; recurring subscription revenue now represents 81% of total
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm
- Earnings Releases
  SpringBig Holdings, Inc. reported three-month period ended September 30, 2023 results: revenue $6.9 million, net income $(2.7) million, EPS $(0.07). Guidance reaffirmed.
  - Period: three-month period ended September 30, 2023
  - Revenue: $6.9 million
  - Net income: $(2.7) million
  - EPS: $(0.07)
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: to focus on converting our customers to subscription revenue contracts and judiciously managing our working capital.” Third Quarter 2023 Financial Highlights: ● Revenue was $6.9 million, down 5% year-on-year. ● Subscription revenue was up 13% year-on-year. ● Gross profit was $5.2 million, a margin of 77%. ● Adjusted EBITDA* loss was $(0.9) million compared to a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023038680/0001628280-23-038680-index.htm

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