SpringBig Holdings (SpringBig Holdings) Gross Margin % : 72.29% (As of Mar. 2024)

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What is SpringBig Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. SpringBig Holdings's Gross Profit for the three months ended in Mar. 2024 was $4.68 Mil. SpringBig Holdings's Revenue for the three months ended in Mar. 2024 was $6.47 Mil. Therefore, SpringBig Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 72.29%.

The historical rank and industry rank for SpringBig Holdings's Gross Margin % or its related term are showing as below:

SBIG' s Gross Margin % Range Over the Past 10 Years
Min: 63.61 Med: 73.17 Max: 76.88
Current: 74.68

During the past 5 years, the highest Gross Margin % of SpringBig Holdings was 76.88%. The lowest was 63.61%. And the median was 73.17%.

SBIG's Gross Margin % is ranked better than
82.72% of 2639 companies
in the Software industry
Industry Median: 41.79 vs SBIG: 74.68

SpringBig Holdings had a gross margin of 72.29% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for SpringBig Holdings was 0.00% per year.

SpringBig Holdings Gross Margin % Historical Data

The historical data trend for SpringBig Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SpringBig Holdings Gross Margin % Chart

SpringBig Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

63.61

67.21

73.17

74.84

76.88

SpringBig Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial									81.14	79.05	76.71	70.24	72.29

Competitive Comparison of SpringBig Holdings's Gross Margin %

For the Software - Application subindustry, SpringBig Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SpringBig Holdings's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, SpringBig Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where SpringBig Holdings's Gross Margin % falls into.

SpringBig Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

SpringBig Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	21.6	/	28.05
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(28.05 - 6.486)	/	28.05
	=	76.88 %

SpringBig Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.7	/	6.474
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6.474 - 1.794)	/	6.474
	=	72.29 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

SpringBig Holdings (OTCPK:SBIG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

SpringBig Holdings had a gross margin of 72.29% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

SpringBig Holdings Gross Margin % Related Terms

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SpringBig Holdings (SpringBig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SpringBig Holdings Inc (OTCPK:SBIG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

621 North West 53rd Street, Suite 250, Boca Raton, FL, USA, 33487

Website

https://www.springbig.com

SpringBig Holdings Inc is a software platform providing customer loyalty and marketing automation solutions to cannabis retailers and brands in the U.S. and Canada. The company's platform connects consumers with retailers and brands, through SMS marketing, emails, customer feedback system, and loyalty programs, to support retailers' and brands' customer engagement and retention.

Executives

Paul Sykes	officer: Chief Financial Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Jeffrey Todd Harris	director, 10 percent owner, officer: Chief Executive Officer	621 NW 53RD STREET, SUITE 260, BOCA RATON FL 33487
Steven E Bernstein	director	C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Jonathan Trauben	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Patricia Glassford	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Philip Schwarz	director	C/O CORAZON CAPITAL, 1322 WEST HENDERSON STREET, CHICAGO IL 60657
Tuatara Capital Fund Ii, L.p.	10 percent owner	12 EAST 44TH STREET, 8FL, NEW YORK NY 10017
Medici Holdings V, Inc.	10 percent owner	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Amanda Lannert	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Navin Anand	officer: Chief Technology Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Tcac Sponsor, Llc	10 percent owner	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Mark Zittman	director, officer: Chief Operating Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Sergey Sherman	officer: Chief Financial Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Albert John Foreman	director, officer: Chief Executive Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Aris Kekedjian	director	655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017