SpringBig Holdings

SBIG

Software - Application · Technology

Price

$0.01

-0.00 (-3.85%)

Market Cap

$243,935

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+87.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 25.3M (2021) → 47.4M (2025)

SpringBig is a software company that helps cannabis dispensaries run their marketing and customer loyalty programs. Its platform lets dispensary owners send text messages, emails, and promotions to their customers, and it helps those customers earn and redeem loyalty points — similar to how a coffee shop app tracks your rewards. SpringBig serves hundreds of cannabis retailers across the United States and Canada.

The company charges dispensaries a recurring subscription fee to use its platform, which gives it relatively predictable revenue. SpringBig operates almost entirely in North America and focuses exclusively on the cannabis retail industry, which means its growth is tied directly to how fast legal cannabis markets expand. That narrow focus is both its edge — deep expertise in a specialized niche — and its main risk, since any slowdown in cannabis legalization or a broader industry downturn could significantly hurt the business.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+38.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$5M/ year

↓ Declining (-19% vs prior year)

20.9% of revenue

In line with sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

27.9%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~17 months

$1M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Revenue declining

SpringBig Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

65.9%

Premium pricing power — 65.9% gross margin

Operating Margin

-2.6%

Losing money on operations — -2.6%

ROCE

N/A

—

Data not available

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Growth

Sales YoY

-3.9%

Shrinking sales (-3.9% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

0.8%

Thin free cash flow (0.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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