Filing Flows › Sbig Holdings (SBIG) › Q3 2025
Sbig Holdings (SBIG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Sbig Holdings (SBIG) reported revenue of $5.9M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +0.6% from the quarter before. Operating margin was 9.6%, net earnings $219K (3.7% of revenue).
Sbig Holdings, Q3 2025: revenue $5.9M (-4% year over year), operating margin 9.6%, net earnings $219K, operating cash flow $163K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9M | +0.6% | -4% |
| Gross profit | $4.1M | -5% | -7% |
| Operating profit | $563K | — | — |
| Net earnings | $219K | — | — |
| Operating cash flow | $163K | -46% | -72% |
| Free cash flow | $149K | -50% | -74% |
What changed
Revenue was $5.9M in Q3 2025, down 4% year over year and up 1% from the previous quarter. Retail Revenue was the largest line at 99% of revenue. Retail Revenue lost $211K year over year (down 4%), 77% of the total change.
Gross margin was 70.6%, down 1.6 points from a year earlier. Operating profit was $563K, a 9.6% margin (up 10.3 points year over year). Operating expenses fell 20% while revenue fell 4%. Net earnings were $219K. The effective tax rate was 0.0%.
Operating cash flow was $163K (down 72% year over year), 74% of net earnings. Non-cash charges added back $27K of depreciation and amortization and $88K of share-based compensation. Working capital and other items used $171K. Capital expenditures of $14K left free cash flow of $149K.
Questions
What was Sbig Holdings' revenue in the third quarter 2025?
Sbig Holdings (SBIG) reported revenue of $5.9M for the third quarter 2025 (Q3 2025), -4% from a year earlier and +0.6% from the quarter before.
Was Sbig Holdings profitable in the third quarter 2025?
Operating profit was $563K (9.6% of revenue) and net earnings $219K.
Source: Sbig Holdings 10-Q on SEC EDGAR.