Quarterly ResultMay 15, 2026, 06:07 AM
SpringBig Q1 Adjusted EBITDA $0.1M; Net Loss Narrows 34%
AI Summary
SpringBig Holdings reported its first quarter 2026 financial results, achieving positive Adjusted EBITDA of $0.1 million. The company significantly narrowed its net loss by 34% year-over-year to $(0.5) million, primarily due to a 21% reduction in total operating expenses. While total revenue slightly decreased to $5.4 million, subscription revenue remained consistent, and message volume on its platform grew 11%. Management emphasized disciplined cost reductions and expansion into new regulated markets beyond cannabis.
Key Highlights
- Achieved positive Adjusted EBITDA of $0.1 million for Q1 2026.
- Net loss narrowed 34% year-over-year to $(0.5) million.
- Total operating expenses reduced by 21% year-over-year.
- Revenue was $5.4 million, compared to $5.5 million in Q1 2025.
- Subscription revenue remained consistent year-over-year at $4.8 million.
- Messages distributed through the platform grew 11% year-over-year to 147 million.
- Non-cannabis revenue increased over 200% in Q1 2026 compared to Q4 2025.
Price Impact
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