springbig revenue drops 24% to $4.43 million in Q2 FY26; net loss widens to $2.35 million
SBIG•Post-quarter reorganization
- Subsequent to quarter-end, it transferred all equity interests in SpringBig, Inc. to LS Round II, LLC in a July 13 reorganization.
- The deal released it from about $12.5 million of Notes obligations, delivered about $172,000 cash, and left it pursuing a strategic business combination.
Q2 revenue and loss details
- springbig posted Q2 revenue of $4.43 million, down 24% year over year; net loss widened to $2.35 million.
- Adjusted EBITDA (non-GAAP) slipped to $161,000; net revenue retention fell 12 percentage points to 66%.
- Retail clients declined to 706; messages sent dropped to 138 million, down from 151 million a year earlier.
