Filing Flows › Sbig Holdings (SBIG) › Q1 2025
Sbig Holdings (SBIG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Sbig Holdings (SBIG) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before. Operating margin was -7.7%, net loss $751K (13.6% of revenue).
Sbig Holdings, Q1 2025: revenue $5.5M (-14% year over year), operating margin -7.7%, net loss $751K, operating cash flow −$86K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5M | -3% | -14% |
| Operating profit | −$427K | — | — |
| Net earnings | −$751K | — | — |
| Operating cash flow | −$86K | -123% | — |
What changed
Revenue was $5.5M in Q1 2025, down 14% year over year and down 3% from the previous quarter. Retail Revenue was the largest line at 99% of revenue. Retail Revenue lost $897K year over year (down 14%), 102% of the total change.
Gross margin was 78.1%, up 5.0 points from a year earlier. Operating costs exceeded revenue by $427K, an operating margin of -7.7%. Operating expenses fell 5% while revenue fell 14%. The fastest-growing cost line was General & admin (+36%). The quarter ended with a net loss of $751K, narrower than the previous quarter's $1.1M loss.
Operating cash flow was −$86K. Non-cash charges added back $33K of depreciation and amortization and $163K of share-based compensation. Working capital and other items added $469K. Capital expenditures of $6K exceeded it, leaving free cash flow of −$92K.
Questions
What was Sbig Holdings' revenue in the first quarter 2025?
Sbig Holdings (SBIG) reported revenue of $5.5M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before.
Was Sbig Holdings profitable in the first quarter 2025?
Operating loss was $427K (-7.7% of revenue) and net loss $751K.
Source: Sbig Holdings 10-Q on SEC EDGAR.