Filing Flows › Sbig Holdings (SBIG) › Q4 2025
Sbig Holdings (SBIG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Sbig Holdings (SBIG) reported revenue of $5.6M for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -4% from the quarter before. Operating margin was -20.2%, net loss $1.6M (28.0% of revenue).
Sbig Holdings, Q4 2025: revenue $5.6M (-1% year over year), operating margin -20.2%, net loss $1.6M, operating cash flow −$20K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6M | -4% | -1% |
| Operating profit | −$1.1M | -302% | — |
| Net earnings | −$1.6M | -819% | — |
| Operating cash flow | −$20K | -112% | -105% |
What changed
Revenue was $5.6M in Q4 2025, down 1% year over year and down 4% from the previous quarter. Retail Revenue was the largest line at 99% of revenue.
Gross margin was 57.0%, down 16.5 points from Q4 2024. Operating costs exceeded revenue by $1.1M, an operating margin of -20.2%. Operating expenses fell 1% while revenue fell 1%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $1.6M, after a profit of $219K the previous quarter.
Operating cash flow was −$20K. Non-cash charges added back $57K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $12K exceeded it, leaving free cash flow of −$32K.
Questions
What was Sbig Holdings' revenue in the fourth quarter 2025?
Sbig Holdings (SBIG) reported revenue of $5.6M for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -4% from the quarter before.
Was Sbig Holdings profitable in the fourth quarter 2025?
Operating loss was $1.1M (-20.2% of revenue) and net loss $1.6M.
Source: Sbig Holdings 10-K on SEC EDGAR.