SpringBig Holdings, Inc. engages in the provision of marketing software to the cannabis industry. The company is headquartered in Boca Raton, Florida and currently employs 56 full-time employees. The company went IPO on 2021-02-12. The firm's platform connects consumers with retailers and brands, primarily through short message service (SMS) marketing, as well as emails, a customer feedback system, and loyalty programs, to support retailers’ and brands’ customer engagement and retention. Its data solutions are purpose-built for the cannabis industry. The company offers marketing automation solutions that provide consistency in customer communication, thereby driving customer retention and retail foot traffic. In addition, the Company's reporting and analytics offerings deliver insights that clients utilize to understand their customer base, purchasing habits and trends. The firm serves approximately 900 brand and retailer clients across approximately 2,300 distinct retail locations in North America.
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As of August 2026, springBig Holdings Inc SBIG is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes springBig Holdings Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in springBig Holdings Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of springBig Holdings Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of springBig Holdings Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of springBig Holdings Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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