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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $340,000 in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

SpringBig Holdings logo

SpringBig Holdings

SBIG
Software - Application · Technology
Winston Score
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No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Winston Score History

The full picture

SpringBig is a software company that helps cannabis dispensaries run their marketing and customer loyalty programs. Its platform lets dispensary owners send text messages, emails, and promotions to their customers, and it helps those customers earn and redeem loyalty points — similar to how a coffee shop app tracks your rewards. SpringBig serves hundreds of cannabis retailers across the United States and Canada.

The company charges dispensaries a recurring subscription fee to use its platform, which gives it relatively predictable revenue. SpringBig operates almost entirely in North America and focuses exclusively on the cannabis retail industry, which means its growth is tied directly to how fast legal cannabis markets expand. That narrow focus is both its edge — deep expertise in a specialized niche — and its main risk, since any slowdown in cannabis legalization or a broader industry downturn could significantly hurt the business.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-24.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-97.5% YoY

YoY Growth Rate

Earnings declining

Insider Activity

27.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

$340,000 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

SpringBig Holdings has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
64.6%
Premium pricing power — 64.6% gross margin
Profit after running costs
Operating Margin
-0.4%
Losing money on operations — -0.4%
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-6.8%
Shrinking sales (-6.8% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-4.9%
Burning cash (-4.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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